Colfax, IA · Cert 4440
FDIC · 1 branch
Q3 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2019, the quarter ended September 30, 2019, 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.
Colfax, IA · Cert 4440
FDIC · 1 branch
Q3 2019
Market Position · Des Moines-West Des Moines, IA · 2019 SOD (annual) · 0.2% share · #42 of 55 inst. · $0.0B of $20.5B
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 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.94% | 2.01% | 2.31% | 2.59% | 2.36% | 1.87% | 1.95% | 1.97% | -62 bps | |
| Return on Equity | 10.44% | 10.71% | 12.00% | 13.05% | 11.66% | 8.39% | 8.55% | 8.51% | -454 bps | |
| Net Interest Margin | 3.09% | 3.05% | 3.08% | 3.18% | 3.18% | 3.09% | 3.18% | 3.20% | +2 bps | |
| Efficiency Ratio | 35.83% | 35.07% | 31.50% | 32.70% | 35.90% | 37.48% | 36.63% | 35.94% | +324 bps | |
| Non-Interest Burden | 1.01% | 0.89% | 0.66% | 0.78% | 0.93% | 1.09% | 1.09% | 1.07% | +29 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.28% | 0.20% | -0.68% | -1.63% | -5.37% | -7.67% | -6.23% | -2.50% | -87 bps | |
| Loan Growth (YoY) | -10.16% | -2.02% | -7.36% | -1.62% | -5.63% | -12.79% | -12.67% | -8.77% | -715 bps | |
| Deposit Growth (YoY) | -2.34% | -0.58% | -2.47% | -4.12% | -7.05% | -6.26% | -4.40% | 1.04% | +516 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.16% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.22% | -0.30% | -0.17% | -0.12% | -0.10% | 0.00% | 0.00% | 0.00% | +12 bps | |
| Allowance / Loans | 2.33% | 2.28% | 2.29% | 1.59% | 1.70% | 1.73% | 1.73% | 1.75% | +16 bps | |
| Allowance Coverage of NPLs | 14.5x | 16.2x | n/a | n/a | n/a | n/a | n/a | n/a | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 18.95% | 19.27% | 19.64% | 21.31% | 21.83% | 22.67% | 23.57% | 24.38% | +307 bps | |
| Total Risk-Based Capital | 37.60% | 37.11% | 39.01% | 42.37% | 44.21% | 46.86% | 48.59% | 50.15% | +778 bps | |
| Equity / Assets | 18.46% | 19.12% | 20.14% | 21.93% | 21.60% | 22.94% | 23.79% | 24.59% | +266 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 44.47% | 48.06% | 50.07% | 51.21% | 45.15% | 44.71% | 45.74% | 46.24% | -497 bps | |
| Liquid Assets / Assets | 45.62% | 47.88% | 46.39% | 48.03% | 46.16% | 45.45% | 43.03% | 40.99% | -704 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |