PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Community Bank Minnesota Valley

Jordan, MN · Cert 8188

FDIC · 6 branches

Q1 2024

$332.1MAssets
$288.5MLoans
$297.0MDeposits
$33.3MEquity
Loan mix
83%RE $204.7M16%C&I $40.3M1%Consumer $1.4MQ2 2022Q1 2024
Deposit mix
82%Interest-bearing $244.2M18%Noninterest $52.8MQ2 2022Q1 2024

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2023 SOD (annual) · 0.1% share · #48 of 137 inst. · $0.3B of $237.6B

0.1% Hennepin
11.2% Isanti
0.4% Anoka
0.0% Ramsey

Executive Summary

  • Earnings: ROA of 0.96%, down 29 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.01% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.15%, up 30 bps from a year ago.
  • Funding: loans stand at 97.15% of deposits as of Q1 2024.

Return on Assets (YTD, annualized)

0.96%-29 bps YoY

Net Interest Margin (YTD, annualized)

3.53%-22 bps YoY

Efficiency Ratio (YTD, annualized)

67.75%+927 bps YoY

Tier 1 Leverage Ratio

10.15%+30 bps YoY

NIM

3.37%Q1 ’224.59%Q1 ’235.25%Q1 ’24+15%-6%

Non-interest income vs. expense

2.37%Q1 ’222.42%Q1 ’232.63%Q1 ’24+0%+11%

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.87%1.14%1.27%1.25%1.22%1.16%1.22%0.96%-29 bps
Return on Equity9.43%12.17%13.43%12.97%12.66%12.06%12.58%9.62%-335 bps
Net Interest Margin3.25%3.53%3.72%3.75%3.71%3.56%3.58%3.53%-22 bps
Efficiency Ratio64.82%60.35%58.29%58.48%59.31%60.25%59.13%67.75%+927 bps
Non-Interest Burden2.02%2.03%2.05%2.08%2.08%2.04%2.00%2.31%+23 bps
Growth
Asset Growth (YoY)0.87%-5.04%-6.12%-4.08%-3.37%2.76%6.80%4.90%+899 bps
Loan Growth (YoY)3.47%3.34%9.16%17.97%17.17%12.08%9.25%4.48%-1,349 bps
Deposit Growth (YoY)0.17%-6.09%-5.42%-4.86%-4.36%2.42%5.50%4.31%+917 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0 bps
Net Charge-Offs / Loans-0.01%0.00%-0.05%0.01%0.00%0.00%0.01%-0.01%-2 bps
Allowance / Loans0.99%0.96%0.99%0.99%0.99%1.01%0.95%0.97%-2 bps
Allowance Coverage of NPLs77.5x84.9x98.3x109.0x121.7x138.0x147.5x164.2x+55.2x
Capital
Tier 1 Leverage Ratio9.36%9.79%9.34%9.85%9.81%9.68%9.92%10.15%+30 bps
Total Risk-Based Capital15.70%15.27%13.92%13.95%13.78%14.14%14.00%14.92%+98 bps
Equity / Assets9.27%9.83%9.57%9.67%9.63%9.67%9.90%10.02%+35 bps
Liquidity & Funding
Loans / Deposits80.79%90.15%97.33%96.99%98.98%98.66%100.79%97.15%+16 bps
Liquid Assets / Assets16.90%9.12%2.21%3.22%1.09%2.29%1.02%4.53%+131 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a