PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Western Bank of Clovis

Clovis, NM · Cert 22059

FDIC · 2 branches

Q1 2023

$67.1MAssets
$52.9MLoans
$42.6MDeposits
$10.2MEquity
Loan mix
95%RE $17.6M4%C&I $0.7M2%Consumer $0.3MQ2 2021Q1 2023
Deposit mix
66%Interest-bearing $28.1M34%Noninterest $14.4MQ2 2021Q1 2023

Executive Summary

  • Earnings: ROA of 1.23%, up 76 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.48%, up 89 bps from a year ago.
  • Funding: loans stand at 124.22% of deposits as of Q1 2023.

Return on Assets (YTD, annualized)

1.23%+76 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+77 bps YoY

Efficiency Ratio (YTD, annualized)

62.95%-1,820 bps YoY

Tier 1 Leverage Ratio

15.48%+89 bps YoY

NIM

4.20%Q1 ’213.75%Q1 ’224.77%Q1 ’23-11%+23%

Non-interest income vs. expense

2.82%Q1 ’212.80%Q1 ’222.67%Q1 ’23-2%-6%

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.84%0.90%0.89%0.47%0.57%0.71%0.87%1.23%+76 bps
Return on Equity5.81%6.06%5.96%3.16%3.80%4.72%5.78%8.15%+500 bps
Net Interest Margin3.89%4.19%4.48%3.32%3.40%3.75%3.94%4.09%+77 bps
Efficiency Ratio69.72%68.52%68.73%81.15%80.24%76.46%72.26%62.95%-1,820 bps
Non-Interest Burden2.68%2.84%3.04%2.67%2.71%2.82%2.80%2.52%-15 bps
Growth
Asset Growth (YoY)-10.76%-17.77%-4.92%-7.84%-4.39%2.61%0.17%-1.74%+610 bps
Loan Growth (YoY)-6.64%-15.56%-13.67%-18.39%-6.83%14.38%18.50%19.71%+3,810 bps
Deposit Growth (YoY)6.79%-1.71%-4.99%-5.28%-5.15%1.47%-3.56%-15.62%-1,033 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.40%1.54%1.55%1.57%1.53%1.36%1.30%1.31%-26 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.30%15.48%16.56%14.59%14.61%15.44%15.06%15.48%+89 bps
Total Risk-Based Capital14.30%15.48%16.56%14.59%14.61%15.44%15.06%15.48%+89 bps
Equity / Assets15.02%16.29%15.58%14.20%15.22%15.41%15.05%15.22%+102 bps
Liquidity & Funding
Loans / Deposits97.25%94.41%94.88%87.56%95.52%106.43%116.59%124.22%+3,665 bps
Liquid Assets / Assets22.73%23.17%27.19%29.75%23.70%15.48%15.08%16.06%-1,368 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a