Billings, MT · Cert 20310
FDIC · 9 branches
Q2 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Billings, MT · Cert 20310
FDIC · 9 branches
Q2 2023
Market Position · Billings, MT · 2023 SOD (annual) · 2.6% share · #7 of 14 inst. · $0.2B of $7.3B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.97% | 1.07% | 0.42% | 0.46% | 0.64% | 0.77% | 0.07% | 0.54% | +7 bps | |
| Return on Equity | 10.83% | 12.01% | 5.11% | 6.13% | 8.90% | 11.00% | 1.09% | 7.88% | +175 bps | |
| Net Interest Margin | 3.04% | 2.84% | 2.85% | 2.89% | 2.94% | 3.08% | 3.41% | 3.32% | +42 bps | |
| Efficiency Ratio | 67.64% | 68.06% | 80.98% | 75.68% | 70.32% | 67.18% | 64.89% | 68.62% | -707 bps | |
| Non-Interest Burden | 1.87% | 1.76% | 2.23% | 2.10% | 1.93% | 1.92% | 2.01% | 2.08% | -2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 18.85% | 15.87% | 16.13% | 15.57% | 2.43% | 1.04% | -3.65% | -6.74% | -2,231 bps | |
| Loan Growth (YoY) | 7.55% | 16.27% | 20.72% | 26.39% | 19.74% | 13.04% | 8.14% | -3.85% | -3,024 bps | |
| Deposit Growth (YoY) | 12.88% | 19.10% | 17.93% | 20.81% | 15.15% | 0.92% | -2.29% | -7.74% | -2,855 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 2.44% | 2.27% | 2.29% | 1.64% | 1.07% | 1.10% | 1.03% | 1.03% | -61 bps | |
| Net Charge-Offs / Loans | -0.03% | -0.22% | 0.01% | -0.01% | 0.01% | 0.02% | 0.00% | 0.01% | +2 bps | |
| Allowance / Loans | 1.29% | 1.16% | 1.14% | 1.12% | 1.16% | 1.18% | 1.79% | 1.75% | +63 bps | |
| Allowance Coverage of NPLs | 0.5x | 0.5x | 0.5x | 0.7x | 1.1x | 1.1x | 1.7x | 1.7x | +1.0x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.12% | 8.27% | 8.38% | 8.06% | 8.11% | 8.49% | 8.86% | 9.24% | +118 bps | |
| Total Risk-Based Capital | 12.05% | 13.07% | 12.94% | 12.16% | 12.19% | 12.84% | 13.46% | 13.82% | +165 bps | |
| Equity / Assets | 8.02% | 8.83% | 7.59% | 6.37% | 5.94% | 6.50% | 7.01% | 7.01% | +63 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 61.28% | 60.03% | 60.08% | 63.07% | 63.73% | 67.24% | 66.49% | 65.73% | +266 bps | |
| Liquid Assets / Assets | 6.12% | 2.24% | 2.25% | 1.80% | 5.44% | 5.38% | 5.87% | 5.92% | +411 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |