Goleta, CA · Cert 27572
FDIC · 8 branches
Q1 2024
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2024, the quarter ended March 31, 2024, 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.
Goleta, CA · Cert 27572
FDIC · 8 branches
Q1 2024
Market Position · Santa Maria-Santa Barbara, CA · 2023 SOD (annual) · 4.3% share · #8 of 18 inst. · $0.7B of $15.4B
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 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.19% | 1.22% | 1.23% | 0.96% | 0.89% | 0.87% | 0.77% | -0.47% | -143 bps | |
| Return on Equity | 12.99% | 13.07% | 12.94% | 9.64% | 8.97% | 8.75% | 7.62% | -4.45% | -1,409 bps | |
| Net Interest Margin | 3.85% | 4.06% | 4.25% | 4.08% | 3.93% | 4.00% | 3.97% | 3.60% | -49 bps | |
| Efficiency Ratio | 61.46% | 60.35% | 61.71% | 72.09% | 72.07% | 71.63% | 73.87% | 89.87% | +1,777 bps | |
| Non-Interest Burden | 2.20% | 2.29% | 2.48% | 2.87% | 2.74% | 2.77% | 2.85% | 3.20% | +33 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 4.12% | -4.16% | -5.67% | 2.72% | 2.22% | 4.77% | -0.33% | -9.03% | -1,175 bps | |
| Loan Growth (YoY) | 2.17% | 6.19% | 7.09% | 6.87% | 4.77% | 0.74% | 1.27% | 2.28% | -459 bps | |
| Deposit Growth (YoY) | 3.49% | -8.59% | -7.94% | 0.52% | 1.85% | 7.50% | -1.09% | -8.48% | -900 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.05% | 0.03% | 0.02% | 0.17% | 0.18% | 0.49% | 0.58% | 0.12% | -5 bps | |
| Net Charge-Offs / Loans | -0.11% | -0.06% | -0.06% | -0.04% | -0.04% | -0.03% | -0.02% | 0.18% | +22 bps | |
| Allowance / Loans | 1.19% | 1.18% | 1.13% | 1.27% | 1.27% | 1.27% | 1.29% | 1.32% | +5 bps | |
| Allowance Coverage of NPLs | 22.4x | 46.7x | 51.0x | 7.6x | 7.1x | 2.6x | 2.2x | 10.8x | +3.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.30% | 9.83% | 10.34% | 10.46% | 10.38% | 10.84% | 10.88% | 10.38% | -8 bps | |
| Total Risk-Based Capital | 12.23% | 12.46% | 12.56% | 13.00% | 13.09% | 13.27% | 13.10% | 12.73% | -27 bps | |
| Equity / Assets | 9.59% | 10.05% | 10.28% | 9.60% | 10.02% | 10.13% | 10.61% | 10.56% | +95 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 101.93% | 110.96% | 109.16% | 102.20% | 104.86% | 103.98% | 111.77% | 114.22% | +1,202 bps | |
| Liquid Assets / Assets | 9.27% | 4.79% | 6.04% | 14.46% | 11.57% | 12.36% | 6.70% | 5.34% | -912 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |