Rochester, MN · Cert 29042
FDIC · 14 branches
Q3 2024
Market Position · Rochester, MN · 2024 SOD (annual) · 8.2% share · #3 of 34 inst. · $0.6B of $7.3B
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 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.59% | 0.59% | 0.51% | 0.47% | 0.32% | -27 bps | |
| Return on Equity | 7.75% | 7.67% | 6.21% | 5.68% | 3.75% | -400 bps | |
| Net Interest Margin | 2.72% | 2.66% | 2.50% | 2.51% | 2.60% | -12 bps | |
| Efficiency Ratio | 73.38% | 74.19% | 80.18% | 78.30% | 84.80% | +1,142 bps | |
| Non-Interest Burden | 1.83% | 1.81% | 1.89% | 1.97% | 2.20% | +36 bps | |
| Growth | |||||||
| Asset Growth (YoY) | 10.22% | 1.00% | 7.43% | 0.38% | -5.11% | -1,533 bps | |
| Loan Growth (YoY) | 14.92% | 8.86% | 9.32% | 4.61% | 0.79% | -1,413 bps | |
| Deposit Growth (YoY) | 9.73% | -1.30% | 7.31% | 0.73% | -8.42% | -1,815 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.13% | 0.44% | 0.32% | 0.36% | 0.28% | +16 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.04% | 0.01% | 0.00% | 0.01% | +1 bps | |
| Allowance / Loans | 1.38% | 1.38% | 1.33% | 1.28% | 1.30% | -9 bps | |
| Allowance Coverage of NPLs | 11.1x | 3.1x | 4.1x | 3.5x | 4.6x | -6.5x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 8.93% | 9.08% | 9.18% | 9.28% | 9.59% | +66 bps | |
| Total Risk-Based Capital | 12.37% | 12.79% | 12.89% | 13.19% | 13.37% | +100 bps | |
| Equity / Assets | 7.32% | 8.26% | 8.07% | 8.53% | 9.00% | +168 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 81.30% | 86.17% | 82.97% | 87.87% | 89.47% | +817 bps | |
| Liquid Assets / Assets | 3.28% | 0.10% | 3.48% | 0.13% | 0.10% | -318 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |