PackageTrendsPeer
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American Investors Bank and Mortgage

Eden Prairie, MN · Cert 57695

FDIC · 1 branch

Q2 2023

$120.6MAssets
$107.3MLoans
$76.9MDeposits
$10.8MEquity
Loan mix
100%RE $89.7M0%C&I $0.2M0%Consumer $0.1MQ2 2022Q2 2023
Deposit mix
96%Interest-bearing $73.6M4%Noninterest $3.3MQ2 2022Q2 2023

NIM

3.97%Q2 ’213.82%Q2 ’226.35%Q2 ’23-4%+0%

Non-interest income vs. expense

2.82%Q2 ’212.39%Q2 ’222.25%Q2 ’23-4%+4%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2023 SOD (annual) · 0.0% share · #107 of 137 inst. · $0.1B of $237.6B

Executive Summary

  • Earnings: ROA of 0.72%, down 16 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 10.00%, up 46 bps from a year ago.
  • Funding: loans stand at 139.51% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.72%-16 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+1 bps YoY

Efficiency Ratio (YTD, annualized)

66.70%+18 bps YoY

Tier 1 Leverage Ratio

10.00%+46 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.88%1.11%1.07%0.82%0.72%-16 bps
Return on Equity8.93%11.60%11.39%9.21%8.10%-83 bps
Net Interest Margin3.36%3.63%3.49%3.46%3.36%+1 bps
Efficiency Ratio66.52%61.39%61.93%67.72%66.70%+18 bps
Non-Interest Burden2.15%2.10%2.07%2.34%2.24%+9 bps
Growth
Asset Growth (YoY)25.79%19.61%23.86%13.18%5.15%-2,065 bps
Loan Growth (YoY)31.90%24.31%25.88%15.76%6.66%-2,523 bps
Deposit Growth (YoY)9.78%-0.76%-6.50%-4.29%-4.54%-1,432 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%-0.02%0.02%+3 bps
Allowance / Loans1.05%1.07%1.02%1.02%0.98%-7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.53%10.09%9.82%10.08%10.00%+46 bps
Total Risk-Based Capital13.22%13.95%13.76%13.82%13.10%-12 bps
Equity / Assets8.39%8.87%8.80%9.02%8.92%+53 bps
Liquidity & Funding
Loans / Deposits124.85%129.37%139.99%138.51%139.51%+1,466 bps
Liquid Assets / Assets0.01%0.26%0.08%0.01%0.33%+32 bps
CRE / Total Capitaln/an/an/an/an/an/an/a