Santa Cruz, CA · Cert 58646
FDIC · 2 branches
Q3 2019
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2019, the quarter ended September 30, 2019, 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.
Santa Cruz, CA · Cert 58646
FDIC · 2 branches
Q3 2019
Market Position · Santa Cruz-Watsonville, CA · 2019 SOD (annual) · 3.9% share · #8 of 12 inst. · $0.2B of $6.3B
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 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 | Q3 2019 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.24% | 1.57% | 1.68% | 1.60% | 1.75% | 1.72% | 1.61% | 1.58% | -3 bps | |
| Return on Equity | 9.20% | 11.87% | 12.83% | 12.34% | 13.47% | 13.44% | 12.43% | 12.10% | -24 bps | |
| Net Interest Margin | 4.45% | 5.18% | 5.16% | 4.94% | 4.86% | 4.91% | 4.79% | 4.64% | -31 bps | |
| Efficiency Ratio | 53.28% | 51.59% | 50.27% | 49.80% | 49.01% | 51.44% | 53.08% | 53.95% | +415 bps | |
| Non-Interest Burden | 2.27% | 2.62% | 2.54% | 2.41% | 2.33% | 2.48% | 2.50% | 2.45% | +5 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 19.72% | 14.45% | 15.63% | 16.19% | 16.42% | 16.89% | 12.22% | 7.98% | -821 bps | |
| Loan Growth (YoY) | 25.86% | 29.57% | 23.66% | 22.16% | 14.79% | 3.99% | 0.41% | -3.75% | -2,591 bps | |
| Deposit Growth (YoY) | 21.14% | 14.93% | 16.42% | 17.05% | 15.33% | 16.96% | 11.55% | 6.77% | -1,028 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | +9 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Allowance / Loans | 2.21% | 2.17% | 2.17% | 2.29% | 2.21% | 2.29% | 2.35% | 2.38% | +9 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | 27.4x | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 13.33% | 13.47% | 13.60% | 13.00% | 13.02% | 13.05% | 13.01% | 13.24% | +25 bps | |
| Total Risk-Based Capital | 14.70% | 14.81% | 14.84% | 14.77% | 14.95% | 15.47% | 16.15% | 16.82% | +204 bps | |
| Equity / Assets | 13.17% | 13.23% | 13.01% | 12.62% | 12.86% | 12.81% | 13.08% | 13.32% | +70 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 93.96% | 97.38% | 93.33% | 90.78% | 93.52% | 86.58% | 84.01% | 81.84% | -895 bps | |
| Liquid Assets / Assets | 12.46% | 9.81% | 11.41% | 15.47% | 14.47% | 19.48% | 20.70% | 24.05% | +859 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |