Salt Lake City, UT · Cert 57293
FDIC · 1 branch
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.
Salt Lake City, UT · Cert 57293
FDIC · 1 branch
Q3 2021
Market Position · Salt Lake City, UT · 2021 SOD (annual) · 0.4% share · #17 of 44 inst. · $2.7B of $730.2B
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 | 2.04% | 2.05% | 1.60% | 1.58% | 1.99% | 4.16% | 3.57% | 3.73% | +214 bps | |
| Return on Equity | 19.48% | 21.27% | 17.08% | 17.49% | 21.96% | 43.10% | 35.19% | 35.24% | +1,774 bps | |
| Net Interest Margin | 6.18% | 6.91% | 6.83% | 6.49% | 6.37% | 7.13% | 7.40% | 7.25% | +77 bps | |
| Efficiency Ratio | 39.91% | 36.85% | 43.77% | 40.19% | 37.28% | 30.52% | 34.63% | 35.67% | -452 bps | |
| Non-Interest Burden | 2.40% | 2.56% | 3.03% | 2.64% | 2.28% | 1.34% | 2.00% | 2.15% | -49 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 34.27% | 22.27% | 17.52% | 18.10% | 16.16% | 16.43% | 8.27% | -1.01% | -1,911 bps | |
| Loan Growth (YoY) | 34.66% | 24.41% | 19.48% | 21.09% | 18.79% | 11.24% | 8.94% | -0.14% | -2,122 bps | |
| Deposit Growth (YoY) | 35.76% | 24.65% | 18.31% | 19.35% | 17.28% | 14.59% | 5.69% | -4.41% | -2,376 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.35% | 0.30% | 0.22% | 0.25% | 0.29% | 0.24% | 0.17% | 0.20% | -4 bps | |
| Net Charge-Offs / Loans | 1.13% | 1.47% | 1.23% | 1.07% | 1.05% | 1.34% | 1.04% | 0.90% | -17 bps | |
| Allowance / Loans | 1.31% | 3.87% | 3.83% | 3.85% | 4.09% | 4.17% | 4.07% | 3.72% | -13 bps | |
| Allowance Coverage of NPLs | 3.7x | 12.8x | 17.8x | 15.7x | 14.1x | 17.4x | 23.3x | 18.4x | +2.7x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.26% | 10.29% | 10.92% | 10.35% | 10.43% | 11.41% | 12.64% | 13.19% | +284 bps | |
| Total Risk-Based Capital | 11.70% | 10.29% | 10.92% | 10.35% | 10.43% | 11.41% | 12.64% | 13.19% | +284 bps | |
| Equity / Assets | 10.25% | 9.05% | 8.79% | 8.26% | 9.09% | 10.23% | 11.09% | 11.89% | +363 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 105.88% | 106.53% | 106.90% | 106.21% | 107.25% | 103.42% | 110.19% | 110.96% | +475 bps | |
| Liquid Assets / Assets | 5.29% | 5.12% | 4.68% | 4.27% | 4.14% | 8.80% | 3.68% | 2.83% | -143 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |