Ely, MN · Cert 35172
FDIC · 3 branches
Q2 2023
Market Position · Duluth, MN-WI · 2023 SOD (annual) · 0.9% share · #20 of 27 inst. · $0.0B of $5.7B
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 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.68% | 0.88% | 1.08% | 1.05% | 1.38% | 0.09% | 2.25% | 1.42% | +37 bps | |
| Return on Equity | 6.10% | 7.62% | 8.05% | 7.78% | 10.01% | 0.70% | 19.38% | 12.61% | +483 bps | |
| Net Interest Margin | 3.43% | 3.58% | 4.05% | 4.06% | 4.51% | 0.37% | 6.52% | 6.64% | +258 bps | |
| Efficiency Ratio | 73.66% | 67.04% | 64.35% | 64.48% | 60.06% | 50.63% | 47.92% | 49.56% | -1,492 bps | |
| Non-Interest Burden | 2.43% | 2.26% | 2.50% | 2.52% | 2.62% | 0.18% | 2.94% | 3.13% | +61 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.53% | -9.13% | -12.46% | -10.31% | -16.65% | -10.44% | -5.01% | -2.81% | +750 bps | |
| Loan Growth (YoY) | 2.03% | 2.13% | 7.26% | -2.58% | 4.26% | -1.30% | -5.46% | -1.84% | +74 bps | |
| Deposit Growth (YoY) | 2.33% | -10.17% | -13.55% | -11.03% | -18.29% | -12.96% | -11.25% | -15.17% | -414 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.15% | 1.11% | 1.09% | 0.70% | 0.47% | 0.47% | 0.46% | 0.44% | -26 bps | |
| Net Charge-Offs / Loans | 0.05% | 0.03% | -0.02% | -0.02% | -0.02% | 0.00% | 0.12% | 0.05% | +8 bps | |
| Allowance / Loans | 0.74% | 0.75% | 0.74% | 0.75% | 0.75% | 0.00% | 1.70% | 1.70% | +95 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.7x | 0.7x | 1.1x | 1.6x | 0.0x | 3.7x | 3.8x | +2.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.23% | 12.10% | 13.41% | 13.85% | 14.67% | 9.80% | 8.85% | 9.07% | -478 bps | |
| Total Risk-Based Capital | 14.52% | 14.47% | 14.97% | 14.92% | 15.98% | 9.88% | 10.31% | 10.22% | -470 bps | |
| Equity / Assets | 11.24% | 13.15% | 13.62% | 13.76% | 14.66% | 12.31% | 10.93% | 10.71% | -306 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 79.32% | 93.91% | 97.70% | 95.89% | 101.22% | 106.48% | 104.07% | 110.96% | +1,506 bps | |
| Liquid Assets / Assets | 21.18% | 9.79% | 8.02% | 10.84% | 6.90% | 1.85% | 8.85% | 9.34% | -150 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |