Sault Ste Marie, MI · Cert 35303
FDIC · 2 branches
Q2 2023
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 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | 0.38% | 0.38% | 0.36% | 0.21% | 0.24% | -14 bps | |
| Return on Equity | 4.04% | 4.29% | 4.24% | 2.66% | 2.97% | -108 bps | |
| Net Interest Margin | 2.55% | 2.56% | 2.55% | 2.45% | 2.43% | -12 bps | |
| Efficiency Ratio | 93.25% | 93.22% | 93.71% | 93.25% | 92.16% | -109 bps | |
| Non-Interest Burden | 2.34% | 2.35% | 2.35% | 2.24% | 2.19% | -15 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -8.06% | -4.38% | -8.38% | -9.31% | -5.38% | +268 bps | |
| Loan Growth (YoY) | -2.28% | 9.51% | 12.36% | 12.61% | 16.32% | +1,860 bps | |
| Deposit Growth (YoY) | -4.81% | 0.54% | -5.63% | -9.25% | -9.05% | -424 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.24% | 0.25% | 0.13% | 0.12% | 0.10% | -14 bps | |
| Net Charge-Offs / Loans | 0.00% | -0.01% | 0.03% | 0.00% | 0.01% | +1 bps | |
| Allowance / Loans | 2.00% | 1.70% | 1.56% | 1.49% | 1.46% | -54 bps | |
| Allowance Coverage of NPLs | 8.5x | 6.9x | 11.7x | 12.3x | 14.6x | +6.1x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 11.03% | 11.14% | 11.25% | 11.76% | 11.94% | +90 bps | |
| Total Risk-Based Capital | 23.67% | 23.90% | 22.90% | 24.64% | 22.99% | -68 bps | |
| Equity / Assets | 7.95% | 7.23% | 7.56% | 8.54% | 8.05% | +10 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 39.15% | 42.93% | 44.65% | 47.58% | 50.07% | +1,092 bps | |
| Liquid Assets / Assets | 1.77% | 0.29% | 0.30% | 0.89% | 0.56% | -120 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |