Long Lake, MN · Cert 8193
FDIC · 1 branch
Q4 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2023, the quarter ended December 31, 2023, 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.
Long Lake, MN · Cert 8193
FDIC · 1 branch
Q4 2023
Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2023 SOD (annual) · 0.1% share · #82 of 137 inst. · $0.1B of $237.6B
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 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.98% | 1.06% | 0.99% | 1.27% | 1.20% | 1.18% | 1.19% | +20 bps | |
| Return on Equity | 5.77% | 7.01% | 7.70% | 7.19% | 9.36% | 8.94% | 8.73% | 8.48% | +130 bps | |
| Net Interest Margin | 2.94% | 3.24% | 3.27% | 3.40% | 3.69% | 3.74% | 3.41% | 3.70% | +30 bps | |
| Efficiency Ratio | 61.25% | 56.00% | 54.47% | 59.43% | 52.01% | 53.24% | 53.40% | 54.22% | -522 bps | |
| Non-Interest Burden | 1.68% | 1.68% | 1.66% | 1.89% | 1.77% | 1.84% | 1.69% | 1.86% | -3 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.77% | 12.07% | 9.84% | 5.64% | -0.36% | -0.54% | -0.05% | -15.69% | -2,133 bps | |
| Loan Growth (YoY) | 13.30% | 12.11% | 10.00% | 2.34% | 1.21% | -6.75% | -9.89% | -9.02% | -1,136 bps | |
| Deposit Growth (YoY) | 4.33% | 9.89% | 7.72% | 6.74% | -0.51% | -10.77% | -10.58% | -18.66% | -2,540 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | -1 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 | 0.06% | 0.10% | 0.11% | 0.13% | 1.20% | 1.27% | 1.31% | 1.29% | +117 bps | |
| Allowance Coverage of NPLs | 1.8x | 3.4x | 4.1x | 5.2x | 52.1x | 59.5x | 65.8x | 78.1x | +72.9x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 11.44% | 11.39% | 11.48% | 11.35% | 11.10% | 11.83% | 11.28% | 12.67% | +132 bps | |
| Total Risk-Based Capital | 14.01% | 13.55% | 14.67% | 15.14% | 15.25% | 16.40% | 17.28% | 17.96% | +282 bps | |
| Equity / Assets | 14.16% | 13.21% | 13.52% | 13.58% | 13.58% | 13.23% | 13.53% | 16.53% | +295 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 76.56% | 74.13% | 75.70% | 75.25% | 77.89% | 77.48% | 76.29% | 84.17% | +892 bps | |
| Liquid Assets / Assets | 8.34% | 11.02% | 10.69% | 11.98% | 10.33% | 17.78% | 19.81% | 4.79% | -719 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |