Frederika, IA · Cert 25668
FDIC · 1 branch
Q4 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2021, the quarter ended December 31, 2021, 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.
Frederika, IA · Cert 25668
FDIC · 1 branch
Q4 2021
Market Position · Waterloo-Cedar Falls, IA · 2021 SOD (annual) · 1.0% share · #19 of 24 inst. · $0.0B of $4.6B
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 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.19% | 1.08% | 0.95% | 0.79% | 0.49% | 0.55% | 0.51% | 0.12% | -67 bps | |
| Return on Equity | 6.37% | 5.77% | 5.14% | 4.35% | 2.95% | 3.29% | 3.01% | 0.72% | -362 bps | |
| Net Interest Margin | 2.84% | 2.70% | 2.49% | 2.25% | 1.77% | 1.66% | 1.67% | 1.65% | -60 bps | |
| Efficiency Ratio | 47.93% | 50.36% | 53.12% | 60.57% | 64.03% | 61.41% | 63.94% | 83.54% | +2,297 bps | |
| Non-Interest Burden | 1.22% | 1.24% | 1.22% | 1.28% | 1.08% | 0.93% | 0.98% | 1.33% | +5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 0.96% | 5.94% | 8.09% | 13.29% | 18.22% | 12.43% | 7.31% | -0.58% | -1,387 bps | |
| Loan Growth (YoY) | -0.52% | -8.42% | -11.23% | -9.42% | -20.26% | -16.10% | -17.15% | -13.59% | -417 bps | |
| Deposit Growth (YoY) | 0.35% | 6.36% | 9.46% | 12.77% | 23.08% | 15.66% | 8.84% | 5.71% | -707 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.69% | 0.48% | 0.23% | 0.15% | 0.76% | 0.18% | 0.30% | 0.27% | +13 bps | |
| Net Charge-Offs / Loans | -0.08% | -0.04% | -0.05% | -0.01% | -0.07% | -0.07% | -0.05% | -0.03% | -2 bps | |
| Allowance / Loans | 1.06% | 1.20% | 1.26% | 1.22% | 1.34% | 1.46% | 1.53% | 1.44% | +22 bps | |
| Allowance Coverage of NPLs | 1.5x | 2.5x | 5.6x | 8.4x | 1.8x | 8.3x | 5.1x | 5.3x | -3.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 18.85% | 18.69% | 18.37% | 17.40% | 16.97% | 16.43% | 16.95% | 16.75% | -65 bps | |
| Total Risk-Based Capital | 18.85% | 18.69% | 18.37% | 17.40% | 16.97% | 16.43% | 16.95% | 16.75% | -65 bps | |
| Equity / Assets | 19.21% | 18.51% | 18.39% | 16.75% | 16.60% | 16.74% | 17.37% | 16.84% | +9 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 78.72% | 64.86% | 61.28% | 58.53% | 51.01% | 47.05% | 46.65% | 47.84% | -1,068 bps | |
| Liquid Assets / Assets | 11.18% | 33.47% | 32.71% | 34.49% | 44.42% | 49.46% | 49.72% | 52.45% | +1,797 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |