Salt Lake City, UT · Cert 58267
FDIC · 1 branch
Q4 2021
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2021, the quarter ended December 31, 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 58267
FDIC · 1 branch
Q4 2021
Market Position · Salt Lake City, UT · 2021 SOD (annual) · 0.1% share · #23 of 44 inst. · $0.7B 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 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|
| Earnings | |||||||
| Return on Assets | -0.22% | 2.57% | 3.67% | 3.09% | 2.42% | +264 bps | |
| Return on Equity | -1.75% | 16.67% | 23.15% | 19.54% | 14.74% | +1,650 bps | |
| Net Interest Margin | 8.15% | 7.43% | 7.86% | 7.21% | 6.62% | -153 bps | |
| Efficiency Ratio | 67.18% | 70.10% | 70.70% | 70.15% | 79.37% | +1,219 bps | |
| Non-Interest Burden | 5.29% | 5.14% | 5.28% | 4.97% | 5.28% | -1 bps | |
| Growth | |||||||
| Asset Growth (YoY) | -12.19% | -21.66% | -14.73% | 0.96% | -9.95% | +224 bps | |
| Loan Growth (YoY) | -12.21% | -14.83% | -12.13% | -6.86% | -1.52% | +1,069 bps | |
| Deposit Growth (YoY) | -11.74% | -26.73% | -21.32% | -3.45% | -100.00% | -8,826 bps | |
| Asset Quality | |||||||
| Nonperforming Loans / Loans | 0.57% | 0.29% | 0.67% | 0.38% | 0.44% | -13 bps | |
| Net Charge-Offs / Loans | 3.54% | 1.68% | 1.14% | 0.97% | 0.86% | -268 bps | |
| Allowance / Loans | 5.13% | 4.67% | 3.48% | 3.34% | 2.88% | -225 bps | |
| Allowance Coverage of NPLs | 9.1x | 15.9x | 5.2x | 8.9x | 6.6x | -2.5x | |
| Capital | |||||||
| Tier 1 Leverage Ratio | 15.26% | 16.84% | 18.86% | 17.84% | 17.43% | +217 bps | |
| Total Risk-Based Capital | 19.53% | 20.29% | 21.16% | 21.94% | 21.16% | +162 bps | |
| Equity / Assets | 14.70% | 16.15% | 16.70% | 15.73% | 18.95% | +425 bps | |
| Liquidity & Funding | |||||||
| Loans / Deposits | 111.12% | 116.18% | 112.08% | 99.96% | n/a | n/a | |
| Liquid Assets / Assets | 11.50% | 7.72% | 10.30% | 19.46% | 0.01% | -1,150 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a |