Sac City, IA · Cert 8758
FDIC · 2 branches
Q3 2023
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2023, the quarter ended September 30, 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.
Sac City, IA · Cert 8758
FDIC · 2 branches
Q3 2023
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 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.76% | 0.66% | 0.90% | 0.93% | 0.72% | 1.31% | 0.52% | -10.00% | -1,094 bps | |
| Return on Equity | 9.90% | 10.85% | 16.45% | 19.12% | 15.30% | 33.01% | 13.31% | -597% | -61,592 bps | |
| Net Interest Margin | 2.31% | 2.61% | 2.84% | 2.95% | 3.06% | 3.43% | 3.48% | 2.61% | -33 bps | |
| Efficiency Ratio | 66.07% | 72.87% | 65.66% | 62.63% | 61.35% | 63.23% | 67.44% | 88.34% | +2,572 bps | |
| Non-Interest Burden | 1.09% | 1.74% | 1.67% | 1.59% | 1.60% | 1.74% | 2.04% | 2.25% | +67 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.77% | 5.21% | 9.83% | 1.98% | -2.14% | -6.70% | -5.73% | -2.32% | -430 bps | |
| Loan Growth (YoY) | -1.65% | -0.08% | 7.98% | 18.01% | 23.84% | 30.61% | 32.10% | 15.02% | -300 bps | |
| Deposit Growth (YoY) | 12.73% | 10.62% | 16.37% | 8.50% | 2.60% | -5.85% | -13.77% | -9.21% | -1,771 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 1.59% | 1.79% | 4.84% | 10.07% | 11.77% | 11.05% | 9.68% | 9.64% | -43 bps | |
| Net Charge-Offs / Loans | 0.19% | 6.82% | 3.11% | 2.19% | 1.52% | 5.55% | 2.35% | 15.06% | +1,287 bps | |
| Allowance / Loans | 2.77% | 1.19% | 1.10% | 0.93% | 1.62% | 1.23% | 1.74% | 3.79% | +286 bps | |
| Allowance Coverage of NPLs | 1.7x | 0.7x | 0.2x | 0.1x | 0.1x | 0.1x | 0.2x | 0.4x | +0.3x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 7.69% | 7.47% | 7.73% | 8.24% | 8.05% | 8.19% | 8.31% | 0.01% | -823 bps | |
| Total Risk-Based Capital | 13.66% | 13.02% | 13.06% | 12.48% | 13.06% | 12.35% | 11.62% | 1.29% | -1,119 bps | |
| Equity / Assets | 7.44% | 4.90% | 4.20% | 3.21% | 3.91% | 4.03% | 3.75% | -4.49% | -770 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 52.51% | 44.31% | 50.30% | 51.23% | 63.39% | 61.47% | 77.06% | 64.90% | +1,367 bps | |
| Liquid Assets / Assets | 1.25% | 0.77% | 0.84% | 0.84% | 0.98% | 0.19% | 0.03% | 0.11% | -73 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |