Rockford, IL · Cert 34076
FDIC · 6 branches
Q3 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2022, the quarter ended September 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.
Rockford, IL · Cert 34076
FDIC · 6 branches
Q3 2022
Market Position · Rockford, IL · 2022 SOD (annual) · 17.0% share · #1 of 23 inst. · $1.4B of $8.1B
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 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.96% | 1.44% | 1.58% | 1.53% | 1.34% | 1.19% | 1.53% | 1.53% | 0 bps | |
| Return on Equity | 9.83% | 15.00% | 16.80% | 16.49% | 14.66% | 14.96% | 20.46% | 21.90% | +541 bps | |
| Net Interest Margin | 3.25% | 3.15% | 2.98% | 2.87% | 2.87% | 2.73% | 2.64% | 2.81% | -6 bps | |
| Efficiency Ratio | 60.63% | 53.36% | 53.26% | 54.37% | 58.16% | 61.44% | 52.00% | 51.01% | -335 bps | |
| Non-Interest Burden | 1.72% | 1.36% | 1.30% | 1.29% | 1.42% | 1.40% | 0.81% | 0.91% | -38 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 17.24% | 22.27% | 13.71% | 12.04% | 10.58% | 8.01% | 1.79% | -1.97% | -1,400 bps | |
| Loan Growth (YoY) | 0.30% | 0.90% | -13.56% | -11.90% | -4.84% | -5.10% | -0.64% | 3.67% | +1,558 bps | |
| Deposit Growth (YoY) | 14.62% | 25.13% | 14.65% | 15.47% | 11.77% | 10.44% | 4.60% | 1.70% | -1,377 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.47% | 0.33% | 0.22% | 0.17% | 0.16% | 0.15% | 0.13% | 0.14% | -3 bps | |
| Net Charge-Offs / Loans | 0.37% | 0.04% | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | +1 bps | |
| Allowance / Loans | 1.25% | 1.18% | 1.08% | 0.96% | 0.93% | 0.85% | 0.84% | 0.78% | -17 bps | |
| Allowance Coverage of NPLs | 2.7x | 3.6x | 4.8x | 5.7x | 6.0x | 5.8x | 6.3x | 5.8x | +0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.22% | 8.45% | 7.63% | 7.55% | 7.55% | 7.84% | 7.40% | 7.53% | -2 bps | |
| Total Risk-Based Capital | 13.13% | 14.19% | 13.31% | 13.21% | 12.88% | 13.08% | 12.72% | 12.47% | -73 bps | |
| Equity / Assets | 9.73% | 9.43% | 9.02% | 8.96% | 8.60% | 7.35% | 6.43% | 5.59% | -338 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 65.84% | 62.56% | 56.16% | 54.92% | 56.05% | 53.76% | 53.34% | 55.98% | +106 bps | |
| Liquid Assets / Assets | 1.71% | 1.69% | 1.45% | 1.39% | 1.39% | 1.39% | 1.45% | 3.84% | +245 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |