PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First American Bank & Trust

Madison, SD · Cert 27078

FDIC · 7 branches

Q3 2020

$1.2BAssets
$926.2MLoans
$991.2MDeposits
$130.7MEquity
Loan mix
56%RE $376.4M42%C&I $284.3M2%Consumer $11.8MQ3 2019Q3 2020
Deposit mix
75%Interest-bearing $741.3M25%Noninterest $249.8MQ3 2019Q3 2020

NIM

5.74%Q3 ’185.56%Q3 ’194.61%Q3 ’20-8%-7%

Non-interest income vs. expense

3.82%Q3 ’183.64%Q3 ’193.36%Q3 ’20-15%-29%

Market Position · Sioux Falls, SD · 2020 SOD (annual) · 0.1% share · #7 of 38 inst. · $0.8B of $771.7B

0.2% Minnehaha
52.6% Lake
0.0% Lincoln
2.2% Codington

Executive Summary

  • Earnings: ROA of 1.80%, up 26 bps year over year; NIM at 4.26%.
  • Asset quality: problem loans at 2.07% of loans (+56 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 9.90%, down 82 bps from a year ago.
  • Funding: loans stand at 93.44% of deposits as of Q3 2020.

Financial Results

Return on Assets (quarter, annualized)

1.80%+26 bps YoY

Net Interest Margin (quarter, annualized)

4.26%-33 bps YoY

Efficiency Ratio (quarter, annualized)

54.85%-514 bps YoY

Tier 1 Leverage Ratio

9.90%-82 bps YoY

Discrete quarter, annualized.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets1.54%1.42%1.28%1.31%1.80%+26 bps
Return on Equity12.79%11.63%10.42%10.89%15.59%+281 bps
Net Interest Margin4.59%4.49%4.30%4.16%4.26%-33 bps
Efficiency Ratio59.99%58.05%63.16%55.59%54.85%-514 bps
Non-Interest Burden2.30%2.23%2.39%1.73%1.64%-66 bps
Growth
Asset Growth (YoY)11.54%4.48%9.83%13.56%13.50%+196 bps
Loan Growth (YoY)1.23%4.22%10.00%11.29%16.58%+1,535 bps
Deposit Growth (YoY)12.33%4.01%9.25%13.85%12.22%-10 bps
Asset Quality
Nonperforming Loans / Loans1.51%1.33%1.05%2.25%2.07%+56 bps
Net Charge-Offs / Loans0.07%0.36%0.07%0.25%0.11%+3 bps
Allowance / Loans1.28%1.27%1.25%1.39%1.36%+9 bps
Allowance Coverage of NPLs0.8x1.0x1.2x0.6x0.7x-0.2x
Capital
Tier 1 Leverage Ratio10.73%10.88%10.90%10.43%9.90%-82 bps
Total Risk-Based Capital13.66%13.90%10.90%10.43%9.90%-376 bps
Equity / Assets12.10%12.32%12.23%11.80%11.26%-84 bps
Liquidity & Funding
Loans / Deposits89.95%91.90%92.21%89.36%93.44%+349 bps
Liquid Assets / Assets2.31%2.29%1.25%3.28%1.14%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a