Waseca, MN · Cert 5271
FDIC · 4 branches
Q3 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2021, the quarter ended September 30, 2021, 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.
Waseca, MN · Cert 5271
FDIC · 4 branches
Q3 2021
Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2021 SOD (annual) · 0.1% share · #83 of 138 inst. · $0.1B of $222.4B
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 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.74% | 2.14% | 2.03% | 2.11% | 2.40% | 2.90% | 2.61% | 2.30% | +19 bps | |
| Return on Equity | 15.24% | 18.22% | 17.71% | 18.29% | 20.75% | 26.13% | 23.07% | 20.09% | +179 bps | |
| Net Interest Margin | 3.69% | 3.65% | 4.00% | 3.82% | 3.71% | 4.32% | 3.92% | 3.81% | -1 bps | |
| Efficiency Ratio | 70.35% | 69.77% | 60.85% | 61.35% | 59.43% | 55.29% | 57.22% | 59.32% | -203 bps | |
| Non-Interest Burden | 2.29% | 2.04% | 1.49% | 1.31% | 1.05% | 1.19% | 1.27% | 1.45% | +14 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 5.51% | 4.98% | 14.65% | 15.29% | 18.56% | 20.81% | 4.57% | 2.00% | -1,329 bps | |
| Loan Growth (YoY) | 3.39% | 5.22% | 10.68% | 12.99% | 10.88% | 0.99% | -7.07% | -12.76% | -2,574 bps | |
| Deposit Growth (YoY) | 2.06% | 4.81% | 16.30% | 10.13% | 18.75% | 23.90% | 8.73% | 10.43% | +30 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.83% | 1.48% | 0.65% | 0.60% | 0.57% | 0.77% | 0.82% | 0.65% | +5 bps | |
| Net Charge-Offs / Loans | -0.17% | -0.01% | 0.15% | 0.08% | 0.05% | -0.08% | -0.05% | -0.03% | -12 bps | |
| Allowance / Loans | 1.02% | 0.98% | 1.29% | 1.33% | 1.37% | 1.46% | 1.50% | 1.56% | +23 bps | |
| Allowance Coverage of NPLs | 1.2x | 0.7x | 2.0x | 2.2x | 2.4x | 1.9x | 1.8x | 2.4x | +0.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.44% | 11.04% | 10.62% | 10.97% | 10.88% | 10.56% | 10.66% | 10.90% | -8 bps | |
| Total Risk-Based Capital | 15.81% | 15.28% | 13.63% | 14.13% | 14.37% | 14.43% | 15.79% | 16.02% | +188 bps | |
| Equity / Assets | 11.95% | 11.51% | 11.04% | 11.67% | 11.64% | 10.55% | 11.76% | 11.97% | +30 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 91.36% | 91.97% | 90.19% | 92.33% | 85.31% | 74.97% | 77.08% | 72.94% | -1,939 bps | |
| Liquid Assets / Assets | 2.03% | 1.40% | 1.11% | 1.26% | 1.38% | 0.89% | 1.28% | 0.84% | -41 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |