Monterey, CA · Cert 58485
FDIC · 7 branches
Q3 2024
Market Position · Salinas, CA · 2024 SOD (annual) · 6.9% share · #6 of 14 inst. · $0.8B of $12.0B
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 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.92% | 0.50% | 0.41% | 0.45% | 0.42% | 0.42% | 0.42% | 0.08% | -38 bps | |
| Return on Equity | 13.75% | 6.66% | 5.38% | 6.13% | 5.66% | 5.42% | 5.37% | 0.96% | -517 bps | |
| Net Interest Margin | 3.42% | 3.26% | 3.17% | 3.17% | 3.18% | 3.06% | 3.03% | 3.08% | -9 bps | |
| Efficiency Ratio | 61.12% | 71.43% | 73.44% | 70.93% | 70.96% | 68.38% | 71.41% | 97.81% | +2,688 bps | |
| Non-Interest Burden | 2.03% | 2.29% | 2.29% | 2.21% | 2.22% | 2.05% | 2.13% | 3.02% | +80 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -5.62% | -5.15% | -2.97% | -1.08% | 4.82% | 6.27% | 8.47% | 0.08% | +116 bps | |
| Loan Growth (YoY) | 0.04% | -1.28% | -0.17% | 2.40% | 9.99% | 10.14% | 13.78% | 6.36% | +396 bps | |
| Deposit Growth (YoY) | -5.52% | -12.53% | -5.27% | -1.75% | 3.29% | 8.37% | 1.48% | -1.40% | +34 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.04% | 0.27% | 0.11% | 0.37% | 0.29% | 0.14% | 0.23% | 0.06% | -30 bps | |
| Net Charge-Offs / Loans | 0.31% | 0.55% | 0.84% | 0.77% | 0.76% | 0.77% | 0.53% | 0.48% | -29 bps | |
| Allowance / Loans | 1.30% | 1.29% | 1.15% | 1.15% | 1.15% | 1.13% | 1.10% | 0.65% | -50 bps | |
| Allowance Coverage of NPLs | 35.2x | 4.7x | 10.8x | 3.1x | 4.0x | 8.1x | 4.8x | 10.4x | +7.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 10.04% | 10.45% | 10.36% | 10.32% | 10.13% | 10.44% | 10.27% | 10.23% | -9 bps | |
| Total Risk-Based Capital | 10.04% | 10.45% | 10.36% | 10.32% | 10.13% | 10.44% | 10.27% | 10.23% | -9 bps | |
| Equity / Assets | 7.49% | 7.61% | 7.49% | 6.95% | 7.72% | 7.82% | 7.78% | 8.37% | +141 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 65.41% | 70.07% | 66.52% | 66.31% | 69.66% | 71.21% | 74.59% | 71.53% | +522 bps | |
| Liquid Assets / Assets | 9.89% | 11.00% | 10.61% | 11.37% | 9.16% | 10.91% | 8.74% | 7.75% | -361 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |