Tucson, AZ · Cert 57279
FDIC · 5 branches
Q4 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2023, the quarter ended December 31, 2023, 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.
Tucson, AZ · Cert 57279
FDIC · 5 branches
Q4 2023
Market Position · Tucson, AZ · 2023 SOD (annual) · 1.3% share · #11 of 18 inst. · $0.3B of $20.4B
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 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.77% | 0.82% | 0.93% | 1.01% | 0.94% | 0.86% | 0.88% | 0.83% | -18 bps | |
| Return on Equity | 8.40% | 9.24% | 10.74% | 11.58% | 10.37% | 9.41% | 9.87% | 9.41% | -217 bps | |
| Net Interest Margin | 3.69% | 3.77% | 3.83% | 4.11% | 4.53% | 4.39% | 4.22% | 4.05% | -6 bps | |
| Efficiency Ratio | 73.91% | 72.22% | 69.79% | 68.83% | 72.42% | 74.37% | 73.24% | 74.05% | +522 bps | |
| Non-Interest Burden | 2.59% | 2.63% | 2.60% | 2.76% | 3.25% | 3.24% | 3.07% | 2.98% | +22 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -2.81% | 8.05% | 9.41% | 7.43% | 4.72% | 5.39% | 10.45% | 17.15% | +972 bps | |
| Loan Growth (YoY) | -8.60% | 2.17% | 7.26% | 21.81% | 16.64% | 18.44% | 20.08% | 15.52% | -629 bps | |
| Deposit Growth (YoY) | 4.45% | 9.06% | 11.43% | 0.19% | -3.36% | -7.50% | -8.07% | 10.94% | +1,075 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.52% | 0.08% | 0.07% | 0.00% | 0.00% | 0.46% | 0.45% | 0.53% | +53 bps | |
| Net Charge-Offs / Loans | -0.12% | -0.27% | -0.18% | -0.13% | 0.00% | 0.00% | -0.03% | -0.04% | +8 bps | |
| Allowance / Loans | 1.44% | 1.44% | 1.46% | 1.32% | 1.34% | 1.22% | 1.24% | 1.19% | -13 bps | |
| Allowance Coverage of NPLs | 2.8x | 19.2x | 20.1x | n/a | n/a | 2.7x | 2.8x | 2.2x | n/a | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 9.72% | 9.62% | 9.40% | 10.31% | 10.72% | 10.71% | 10.45% | 10.18% | -13 bps | |
| Total Risk-Based Capital | 9.72% | 9.62% | 9.40% | 10.31% | 10.72% | 10.71% | 10.45% | 10.18% | -13 bps | |
| Equity / Assets | 8.78% | 8.37% | 8.01% | 8.87% | 9.35% | 9.09% | 8.41% | 8.50% | -37 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 74.57% | 78.43% | 75.37% | 91.75% | 90.00% | 100.42% | 98.45% | 95.54% | +379 bps | |
| Liquid Assets / Assets | 12.30% | 9.06% | 12.27% | 3.49% | 5.73% | 2.58% | 9.17% | 9.38% | +589 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |