Madison, SD · Cert 27078
FDIC · 7 branches
Q3 2020
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2020, the quarter ended September 30, 2020, 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.
Madison, SD · Cert 27078
FDIC · 7 branches
Q3 2020
Market Position · Sioux Falls, SD · 2020 SOD (annual) · 0.1% share · #7 of 38 inst. · $0.8B of $771.7B
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 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.50% | 1.21% | 1.30% | 1.38% | 1.39% | 1.28% | 1.29% | 1.47% | +9 bps | |
| Return on Equity | 12.65% | 10.12% | 10.89% | 11.54% | 11.57% | 10.42% | 10.66% | 12.40% | +86 bps | |
| Net Interest Margin | 4.78% | 4.48% | 4.50% | 4.44% | 4.40% | 4.30% | 4.06% | 4.09% | -34 bps | |
| Efficiency Ratio | 62.06% | 64.75% | 62.97% | 61.92% | 60.94% | 63.16% | 59.14% | 57.58% | -434 bps | |
| Non-Interest Burden | 2.64% | 2.62% | 2.50% | 2.38% | 2.32% | 2.39% | 1.97% | 1.84% | -54 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 6.89% | 7.10% | 8.36% | 11.54% | 4.48% | 9.83% | 13.56% | 13.50% | +196 bps | |
| Loan Growth (YoY) | 1.91% | -0.12% | 1.42% | 1.23% | 4.22% | 10.00% | 11.29% | 16.58% | +1,535 bps | |
| Deposit Growth (YoY) | 7.02% | 9.74% | 8.01% | 12.33% | 4.01% | 9.25% | 13.85% | 12.22% | -10 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.85% | 0.87% | 0.86% | 1.51% | 1.33% | 1.05% | 2.25% | 2.07% | +56 bps | |
| Net Charge-Offs / Loans | 0.07% | 0.25% | 0.14% | 0.12% | 0.18% | 0.07% | 0.16% | 0.14% | +2 bps | |
| Allowance / Loans | 1.24% | 1.24% | 1.24% | 1.28% | 1.27% | 1.25% | 1.39% | 1.36% | +9 bps | |
| Allowance Coverage of NPLs | 1.5x | 1.4x | 1.4x | 0.8x | 1.0x | 1.2x | 0.6x | 0.7x | -0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.51% | 10.57% | 10.75% | 10.73% | 10.88% | 10.90% | 10.43% | 9.90% | -82 bps | |
| Total Risk-Based Capital | 13.12% | 13.51% | 13.49% | 13.66% | 13.90% | 10.90% | 10.43% | 9.90% | -376 bps | |
| Equity / Assets | 11.77% | 12.11% | 11.98% | 12.10% | 12.32% | 12.23% | 11.80% | 11.26% | -84 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.72% | 91.57% | 91.42% | 89.95% | 91.90% | 92.21% | 89.36% | 93.44% | +349 bps | |
| Liquid Assets / Assets | 7.63% | 6.14% | 2.47% | 2.31% | 2.29% | 1.25% | 3.28% | 1.14% | -118 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |