Lake Havasu City, AZ · Cert 57411
FDIC · 6 branches
Q3 2022
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2022, the quarter ended September 30, 2022, 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.
Lake Havasu City, AZ · Cert 57411
FDIC · 6 branches
Q3 2022
Market Position · Lake Havasu City-Kingman, AZ · 2022 SOD (annual) · 6.8% share · #5 of 10 inst. · $0.3B of $4.4B
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 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.94% | 1.10% | 1.11% | 1.14% | 1.12% | 0.81% | 0.86% | -0.21% | -136 bps | |
| Return on Equity | 11.64% | 13.95% | 14.01% | 14.57% | 14.22% | 10.70% | 11.70% | -3.03% | -1,759 bps | |
| Net Interest Margin | 3.31% | 3.47% | 3.10% | 3.17% | 3.09% | 2.82% | 3.01% | 3.24% | +7 bps | |
| Efficiency Ratio | 70.06% | 63.21% | 64.41% | 63.81% | 65.16% | 72.78% | 71.01% | 107.00% | +4,318 bps | |
| Non-Interest Burden | 2.06% | 1.92% | 1.67% | 1.68% | 1.69% | 1.76% | 1.86% | 3.53% | +185 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 39.33% | 51.57% | 15.17% | 20.96% | 13.40% | 2.50% | -1.98% | -7.26% | -2,822 bps | |
| Loan Growth (YoY) | 17.60% | 13.14% | -6.55% | -14.49% | -11.36% | -7.20% | -5.45% | -0.11% | +1,438 bps | |
| Deposit Growth (YoY) | 39.22% | 53.13% | 17.87% | 20.99% | 13.80% | 2.82% | 1.21% | -1.81% | -2,280 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.41% | 0.31% | 0.21% | 0.22% | 0.20% | 0.07% | 0.06% | 0.06% | -16 bps | |
| Net Charge-Offs / Loans | 0.08% | -0.01% | 0.00% | 0.00% | 0.03% | 0.03% | -0.19% | -0.11% | -11 bps | |
| Allowance / Loans | 1.43% | 1.51% | 1.48% | 1.59% | 1.60% | 1.58% | 1.62% | 1.65% | +5 bps | |
| Allowance Coverage of NPLs | 3.5x | 4.8x | 6.9x | 7.3x | 7.9x | 23.7x | 29.1x | 29.5x | +22.2x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.38% | 8.15% | 7.78% | 8.02% | 8.14% | 8.44% | 8.65% | 8.34% | +33 bps | |
| Total Risk-Based Capital | 14.99% | 15.64% | 15.56% | 16.34% | 16.77% | 16.99% | 16.34% | 15.85% | -48 bps | |
| Equity / Assets | 8.49% | 7.39% | 7.86% | 7.77% | 8.05% | 7.16% | 6.94% | 5.73% | -204 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.75% | 59.32% | 61.33% | 55.04% | 55.10% | 53.54% | 57.30% | 55.99% | +95 bps | |
| Liquid Assets / Assets | 10.90% | 20.13% | 16.30% | 19.62% | 14.81% | 13.64% | 8.09% | 9.79% | -983 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |