Orem, UT · Cert 33542
FDIC · 7 branches
Q2 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2022, the quarter ended June 30, 2022, 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.
Orem, UT · Cert 33542
FDIC · 7 branches
Q2 2022
Market Position · Provo-Orem, UT · 2022 SOD (annual) · 3.0% share · #8 of 15 inst. · $0.7B of $21.8B
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 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.12% | 1.54% | 2.88% | 2.06% | 1.94% | 1.31% | 2.02% | 1.51% | -55 bps | |
| Return on Equity | 22.42% | 16.37% | 31.22% | 22.38% | 21.05% | 14.29% | 22.19% | 16.41% | -597 bps | |
| Net Interest Margin | 4.95% | 4.55% | 4.33% | 4.08% | 4.03% | 3.77% | 3.78% | 3.96% | -12 bps | |
| Efficiency Ratio | 59.21% | 69.35% | 44.70% | 55.02% | 57.26% | 70.88% | 52.41% | 60.32% | +530 bps | |
| Non-Interest Burden | 2.19% | 2.53% | 0.35% | 1.35% | 1.50% | 2.22% | 1.12% | 1.88% | +53 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 40.59% | 31.10% | 29.97% | 17.75% | 15.54% | 22.43% | 13.67% | 9.42% | -834 bps | |
| Loan Growth (YoY) | 25.99% | 13.60% | 12.97% | -4.95% | -10.76% | 6.89% | 0.28% | 13.58% | +1,852 bps | |
| Deposit Growth (YoY) | 43.40% | 32.27% | 30.05% | 17.61% | 15.26% | 23.10% | 13.89% | 9.08% | -853 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.10% | 0.15% | 0.29% | 0.08% | 0.62% | 0.34% | 0.17% | 1.08% | +100 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | +11 bps | |
| Allowance / Loans | 0.86% | 1.01% | 1.04% | 1.08% | 1.09% | 1.00% | 1.05% | 0.95% | -13 bps | |
| Allowance Coverage of NPLs | 8.6x | 6.7x | 3.6x | 12.9x | 1.8x | 3.0x | 6.3x | 0.9x | -12.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.53% | 9.03% | 9.58% | 9.34% | 9.51% | 8.85% | 9.15% | 9.50% | +15 bps | |
| Total Risk-Based Capital | 9.53% | 9.03% | 9.58% | 9.34% | 9.51% | 8.85% | 9.15% | 9.50% | +15 bps | |
| Equity / Assets | 9.15% | 9.19% | 9.28% | 9.10% | 9.37% | 8.80% | 9.36% | 9.46% | +36 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 84.75% | 77.25% | 74.31% | 67.35% | 65.62% | 67.08% | 65.43% | 70.13% | +278 bps | |
| Liquid Assets / Assets | 17.48% | 26.15% | 28.98% | 35.67% | 37.39% | 36.21% | 36.53% | 32.70% | -298 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |