Duluth, MN · Cert 22618
FDIC · 6 branches
Q3 2019
Market Position · Duluth, MN-WI · 2019 SOD (annual) · 7.1% share · #4 of 29 inst. · $0.3B of $4.5B
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 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.38% | 2.13% | 1.52% | 1.31% | 1.07% | 1.02% | 0.72% | 1.02% | -30 bps | |
| Return on Equity | 13.16% | 19.67% | 14.01% | 12.11% | 9.86% | 9.32% | 6.61% | 9.18% | -293 bps | |
| Net Interest Margin | 3.78% | 3.78% | 3.82% | 3.78% | 3.76% | 3.82% | 3.87% | 3.86% | +8 bps | |
| Efficiency Ratio | 63.61% | 63.51% | 64.31% | 63.75% | 69.01% | 62.87% | 73.01% | 63.20% | -56 bps | |
| Non-Interest Burden | 2.30% | 2.29% | 2.35% | 2.31% | 2.53% | 2.31% | 2.74% | 2.33% | +2 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.84% | 3.79% | 3.14% | 5.72% | 7.42% | 6.35% | 4.04% | 0.63% | -509 bps | |
| Loan Growth (YoY) | 5.73% | 5.21% | 4.65% | 5.02% | 7.58% | 5.48% | 3.48% | 1.05% | -396 bps | |
| Deposit Growth (YoY) | 6.42% | 0.43% | -0.84% | -1.08% | 1.62% | 5.38% | 6.57% | 6.80% | +788 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.31% | 0.24% | 0.33% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | -21 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.27% | 0.36% | 0.34% | 0.25% | -0.01% | -0.01% | -0.01% | -35 bps | |
| Allowance / Loans | 1.01% | 0.98% | 0.88% | 0.84% | 0.85% | 0.89% | 0.91% | 0.92% | +8 bps | |
| Allowance Coverage of NPLs | 3.2x | 4.1x | 2.6x | 4.1x | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.44% | 11.14% | 11.24% | 11.14% | 10.87% | 11.03% | 11.20% | 11.47% | +33 bps | |
| Total Risk-Based Capital | 12.51% | 13.06% | 12.87% | 12.65% | 12.57% | 13.13% | 13.12% | 13.35% | +71 bps | |
| Equity / Assets | 10.59% | 11.10% | 10.97% | 10.77% | 10.72% | 11.11% | 11.07% | 11.36% | +59 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 109.54% | 114.46% | 118.32% | 119.06% | 115.96% | 114.56% | 114.89% | 112.66% | -640 bps | |
| Liquid Assets / Assets | 6.26% | 6.40% | 6.14% | 5.91% | 6.18% | 6.61% | 6.26% | 5.87% | -4 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |