Lake City, MN · Cert 29049
FDIC · 1 branch
Q1 2024
Market Position · Rochester, MN · 2023 SOD (annual) · 0.9% share · #23 of 34 inst. · $0.1B of $7.1B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.15% | 0.31% | 0.59% | 0.44% | 0.42% | 1.38% | 0.50% | 0.75% | +31 bps | |
| Return on Equity | 1.27% | 2.63% | 5.01% | 3.60% | 3.29% | 10.67% | 3.87% | 5.57% | +197 bps | |
| Net Interest Margin | 2.54% | 2.88% | 3.09% | 2.91% | 3.02% | 3.26% | 3.27% | 3.40% | +49 bps | |
| Efficiency Ratio | 93.96% | 87.44% | 75.91% | 81.23% | 83.14% | 89.45% | 80.66% | 74.62% | -661 bps | |
| Non-Interest Burden | 2.38% | 2.49% | 2.28% | 2.33% | 2.48% | 2.90% | 2.60% | 2.48% | +16 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 3.18% | -2.13% | 0.53% | -4.17% | -7.45% | -4.55% | -2.11% | -6.16% | -199 bps | |
| Loan Growth (YoY) | -12.51% | -9.51% | -5.45% | -2.58% | -0.33% | 0.99% | 4.32% | 0.90% | +348 bps | |
| Deposit Growth (YoY) | 6.48% | 0.61% | 1.15% | -4.72% | -8.76% | -5.85% | -3.31% | -8.04% | -332 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.29% | 0.26% | 0.16% | 0.16% | 0.15% | 0.15% | 0.14% | 0.00% | -16 bps | |
| Net Charge-Offs / Loans | 0.02% | 0.00% | -0.04% | -0.05% | -0.06% | -0.05% | -0.05% | -0.05% | 0 bps | |
| Allowance / Loans | 2.08% | 2.08% | 2.11% | 2.11% | 2.13% | 1.45% | 1.44% | 1.43% | -68 bps | |
| Allowance Coverage of NPLs | 7.2x | 7.9x | 12.8x | 13.3x | 13.8x | 9.7x | 10.3x | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.10% | 12.32% | 12.98% | 13.23% | 13.47% | 14.00% | 14.04% | 14.76% | +153 bps | |
| Total Risk-Based Capital | 12.10% | 12.32% | 12.98% | 13.23% | 13.47% | 14.00% | 14.04% | 14.76% | +153 bps | |
| Equity / Assets | 11.59% | 11.91% | 11.78% | 12.54% | 12.76% | 13.07% | 12.87% | 14.19% | +165 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 60.67% | 64.02% | 61.19% | 64.89% | 66.27% | 68.68% | 66.02% | 71.19% | +630 bps | |
| Liquid Assets / Assets | 27.59% | 23.40% | 26.78% | 23.73% | 22.68% | 25.15% | 28.90% | 25.01% | +128 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |