Corning, IA · Cert 25260
FDIC · 1 branch
Q4 2023
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 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.21% | 0.19% | 0.47% | 0.25% | 0.82% | 0.65% | 0.55% | 0.19% | -5 bps | |
| Return on Equity | 2.13% | 1.95% | 4.80% | 2.49% | 8.41% | 6.47% | 5.36% | 1.86% | -63 bps | |
| Net Interest Margin | 1.86% | 1.82% | 2.05% | 2.09% | 2.30% | 2.37% | 2.39% | 2.38% | +29 bps | |
| Efficiency Ratio | 86.49% | 88.46% | 73.58% | 86.78% | 57.93% | 55.94% | 68.97% | 84.67% | -211 bps | |
| Non-Interest Burden | 1.59% | 1.60% | 1.48% | 1.80% | 1.29% | 1.53% | 1.62% | 2.00% | +21 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.69% | 8.51% | 8.69% | 7.45% | 3.97% | -5.70% | -4.18% | -4.44% | -1,189 bps | |
| Loan Growth (YoY) | 14.61% | 27.58% | 25.48% | 13.48% | 16.54% | 20.10% | 18.60% | 14.90% | +142 bps | |
| Deposit Growth (YoY) | 5.14% | 9.29% | 9.78% | 7.99% | 3.85% | -7.57% | -6.59% | -5.34% | -1,333 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 4.59% | 5.54% | 4.23% | 3.98% | 1.33% | 6.14% | 5.67% | 0.50% | -348 bps | |
| Net Charge-Offs / Loans | -0.08% | -0.04% | -0.02% | -0.05% | -0.07% | 0.03% | 0.02% | 0.11% | +16 bps | |
| Allowance / Loans | 2.72% | 2.50% | 2.32% | 2.39% | 2.39% | 2.10% | 1.97% | 1.98% | -42 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.5x | 0.5x | 0.6x | 1.8x | 0.3x | 0.3x | 3.9x | +3.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.10% | 9.44% | 9.90% | 9.77% | 9.76% | 10.30% | 10.74% | 10.56% | +79 bps | |
| Total Risk-Based Capital | 32.95% | 32.86% | 35.77% | 38.54% | 36.59% | 34.90% | 38.80% | 41.53% | +299 bps | |
| Equity / Assets | 9.72% | 9.50% | 10.12% | 9.80% | 9.74% | 10.56% | 10.88% | 10.47% | +67 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 23.68% | 24.97% | 28.33% | 27.01% | 26.57% | 32.45% | 35.97% | 32.78% | +577 bps | |
| Liquid Assets / Assets | 75.49% | 73.84% | 71.20% | 71.93% | 72.09% | 69.44% | 65.32% | 66.93% | -499 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |