Nashwauk, MN · Cert 5216
FDIC · 14 branches
Q1 2021
Market Position · Duluth, MN-WI · 2020 SOD (annual) · 6.4% share · #4 of 28 inst. · $0.3B of $5.3B
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q2 2019 | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.71% | 1.76% | 1.59% | 1.06% | 0.98% | -1.43% | 1.22% | 1.64% | +58 bps | |
| Return on Equity | 15.43% | 16.17% | 15.04% | 9.63% | 9.33% | -15.81% | 14.40% | 19.30% | +967 bps | |
| Net Interest Margin | 3.78% | 4.02% | 4.38% | 3.69% | 3.52% | -5.32% | 3.69% | 4.21% | +52 bps | |
| Efficiency Ratio | 70.93% | 61.76% | 63.81% | 66.32% | 59.69% | 59.12% | 56.82% | 48.18% | -1,814 bps | |
| Non-Interest Burden | 2.49% | 2.22% | 2.57% | 2.25% | 1.78% | -2.95% | 1.90% | 1.76% | -50 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -5.60% | -3.66% | -2.10% | -2.88% | 20.76% | 19.81% | 20.22% | 29.38% | +3,226 bps | |
| Loan Growth (YoY) | -9.40% | -5.92% | -7.07% | -2.66% | 14.80% | 12.62% | 8.60% | 1.77% | +443 bps | |
| Deposit Growth (YoY) | -6.01% | -2.61% | -2.31% | -2.37% | 21.49% | 20.72% | 25.58% | 34.19% | +3,656 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 2.93% | 2.53% | 1.50% | 1.38% | 1.19% | 1.04% | 1.12% | 0.54% | -83 bps | |
| Net Charge-Offs / Loans | -0.25% | -0.86% | 0.08% | -0.02% | 0.02% | 0.00% | -0.16% | 0.00% | +2 bps | |
| Allowance / Loans | 1.64% | 1.68% | 1.56% | 1.51% | 1.47% | 0.01% | 0.09% | 0.17% | -135 bps | |
| Allowance Coverage of NPLs | 0.6x | 0.7x | 1.0x | 1.1x | 1.2x | 0.0x | 0.1x | 0.3x | -0.8x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.01% | 10.34% | 10.90% | 11.19% | 10.05% | 7.31% | 7.67% | 7.69% | -351 bps | |
| Total Risk-Based Capital | 15.78% | 15.07% | 16.00% | 16.35% | 16.59% | 12.40% | 13.13% | 13.91% | -244 bps | |
| Equity / Assets | 11.44% | 10.38% | 10.70% | 11.36% | 9.76% | 8.35% | 8.58% | 8.44% | -292 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.62% | 82.87% | 82.46% | 85.96% | 82.80% | 77.31% | 71.31% | 65.19% | -2,077 bps | |
| Liquid Assets / Assets | 5.31% | 7.31% | 9.29% | 12.92% | 9.48% | 13.95% | 18.57% | 22.36% | +943 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |