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Enerbank USA

Salt Lake City, UT · Cert 57293

FDIC · 1 branch

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

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.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Enerbank USA

Salt Lake City, UT · Cert 57293

FDIC · 1 branch

Q3 2021

$3.1BAssets
$3.0BLoans
$2.7BDeposits
$372.7MEquity
Deposit mix
100%Interest-bearing $2.7B0%Noninterest $0.0BQ3 2020Q3 2021

NIM

8.32%Q3 ’198.41%Q3 ’208.66%Q3 ’21+3%+12%

Non-interest income vs. expense

2.53%Q3 ’192.66%Q3 ’202.89%Q3 ’21+5%-19%

Market Position · Salt Lake City, UT · 2021 SOD (annual) · 0.4% share · #17 of 44 inst. · $2.7B of $730.2B

Executive Summary

  • Earnings: ROA of 3.73%, up 214 bps year over year; NIM at 7.25%.
  • Asset quality: problem loans at 0.20% of loans (-4 bps YoY), with net charge-offs at 0.90%.
  • Capital: tier 1 leverage ratio of 13.19%, up 284 bps from a year ago.
  • Funding: loans stand at 110.96% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

3.73%+214 bps YoY

Net Interest Margin (YTD, annualized)

7.25%+77 bps YoY

Efficiency Ratio (YTD, annualized)

35.67%-452 bps YoY

Tier 1 Leverage Ratio

13.19%+284 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.58%1.99%4.16%3.57%3.73%+214 bps
Return on Equity17.49%21.96%43.10%35.19%35.24%+1,774 bps
Net Interest Margin6.49%6.37%7.13%7.40%7.25%+77 bps
Efficiency Ratio40.19%37.28%30.52%34.63%35.67%-452 bps
Non-Interest Burden2.64%2.28%1.34%2.00%2.15%-49 bps
Growth
Asset Growth (YoY)18.10%16.16%16.43%8.27%-1.01%-1,911 bps
Loan Growth (YoY)21.09%18.79%11.24%8.94%-0.14%-2,122 bps
Deposit Growth (YoY)19.35%17.28%14.59%5.69%-4.41%-2,376 bps
Asset Quality
Nonperforming Loans / Loans0.25%0.29%0.24%0.17%0.20%-4 bps
Net Charge-Offs / Loans1.07%1.05%1.34%1.04%0.90%-17 bps
Allowance / Loans3.85%4.09%4.17%4.07%3.72%-13 bps
Allowance Coverage of NPLs15.7x14.1x17.4x23.3x18.4x+2.7x
Capital
Tier 1 Leverage Ratio10.35%10.43%11.41%12.64%13.19%+284 bps
Total Risk-Based Capital10.35%10.43%11.41%12.64%13.19%+284 bps
Equity / Assets8.26%9.09%10.23%11.09%11.89%+363 bps
Liquidity & Funding
Loans / Deposits106.21%107.25%103.42%110.19%110.96%+475 bps
Liquid Assets / Assets4.27%4.14%8.80%3.68%2.83%-143 bps
CRE / Total Capitaln/an/an/an/an/an/an/a