Third Quarter Summary1
第三季度摘要1
- Net income for the third quarter was $16.3 million, or $1.03 per diluted common share.
- Total revenue, net of interest expense, of $49.5 million.
- Credit loss benefit of $1.1 million.
- Noninterest expense of $29.8 million.
- Total revenue, net of interest expense, of $49.5 million.
- Excluding Paycheck Protection Program ("PPP") loans, commercial loans were $2.64 billion2, as compared to $2.61 billion2 at the end of the second quarter of 2021 (the "linked quarter"), an increase of 1.2%.
- Efficiency ratio was 56.34%2.
- Nonperforming assets declined 19.0% and the net charge-off ratio was a recovery of 10 basis points ("bps").
- Cost of average total deposits decreased 2 bps to 0.26% and cost of funds decreased 3 bps to 0.37%.
- On November 1, 2021, entered into a definitive agreement pursuant to which the Company will acquire Iowa First Bancshares Corp. and its banking subsidiaries in Muscatine and Fairfield, Iowa.
- 第三季度的净收益为1,630万美元,摊薄后每股普通股收益为1.03美元。
- 扣除利息支出后的总收入为4,950万美元。
- 110万美元的信用损失补助金。
- 非利息支出为2980万美元。
- 扣除利息支出后的总收入为4,950万美元。
- 不包括薪资保护计划(“PPP”)贷款,商业贷款为26.4亿美元2,相比之下,这一数字为26.1亿美元2 在2021年第二季度末(“关联季度”),增长了1.2%。
- 效率比率为 56.34%2。
- 不良资产下降了19.0%,净扣除率回升了10个基点(“基点”)。
- 平均总存款成本下降2个基点至0.26%,资金成本下降3个基点至0.37%。
- 2021年11月1日,签订了最终协议,根据该协议,公司将收购爱荷华第一银行股份公司及其位于爱荷华州马斯卡廷和费尔菲尔德的银行子公司。
IOWA CITY, Iowa, Nov. 01, 2021 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) ("we", "our", or the "Company") today reported net income for the third quarter of 2021 of $16.3 million, or $1.03 per diluted common share, compared to net income of $17.3 million, or $1.08 per diluted common share, for the linked quarter.
爱荷华州爱荷华城,2021 年 11 月 1 日(环球新闻专线)——中西部一个 金融集团公司(纳斯达克股票代码:MOFG)(“我们”、“我们的” 或 “公司”)今天公布的2021年第三季度净收益为1,630万美元,摊薄后每股普通股收益为1.03美元,而关联季度的净收益为1,730万美元,摊薄后每股普通股收益为1.08美元。
CEO COMMENTARY
Charles Funk, Chief Executive Officer of the Company, commented, "We are excited to expand our footprint to Muscatine and to grow our market share in Fairfield, the seat of Jefferson County, with MidWestOne's acquisition of Iowa First Bancshares Corp. ("IOFB"). With this acquisition, we will have the number one deposit market share in both Muscatine and Jefferson counties. We believe MidWestOne's brand of banking will fit very will with IOFB's brand, and we look forward to meeting our new customers and employees over the next few months. Notably, this transaction will provide good earnings momentum for 2022 and beyond.
首席执行官评论
该公司首席执行官查尔斯·芬克评论说:“我们很高兴将足迹扩展到马斯卡廷,并与中西部一起扩大我们在杰斐逊县所在地费尔菲尔德的市场份额一个收购爱荷华第一银行股份公司(“IOFB”)。通过此次收购,我们将在马斯卡廷县和杰斐逊县拥有第一的存款市场份额。我们相信中西部一个的银行品牌将与IOFB的品牌非常吻合,我们期待在未来几个月内与新客户和员工见面。值得注意的是,这笔交易将为2022年及以后提供良好的盈利势头。
The third quarter of 2021 was a strong one for our Company with earnings of $1.03 per diluted common share, a 12.00% return on average equity, and a 15.06% return on average tangible equity2. In a very tough operating environment, we were able to increase our commercial loans, excluding PPP loans, by 1.2%. We are also extremely pleased with the progress being made in asset quality. The year over year decline of 15 bps in our nonperforming loans ratio to 1.03% and the 30 bps decline in the net charge-off ratio to a net recovery ratio of 10 bps are especially impressive. Our trust and investment services group continued to build its business in the third quarter of 2021 and is on track to achieve record revenues in 2021. While we saw our mortgage loan closings trail off in the third quarter of 2021, we nonetheless expect a solid fourth quarter from this business line. With respect to capital, we continue to find value in repurchasing our shares at a price just above our tangible book value per share. Finally, our bankers continue to assist our customers in working through PPP loan forgiveness. We anticipate another sizeable amount of PPP loan forgiveness in the fourth quarter."
2021年第三季度我们公司表现强劲,摊薄后每股普通股收益为1.03美元,平均股本回报率为12.00%,平均有形资产回报率为15.06%2。在非常艰难的运营环境中,我们得以将商业贷款(不包括PPP贷款)增加1.2%。我们也对资产质量取得的进展感到非常满意。我们的不良贷款比率同比下降15个基点至1.03%,净扣除率下降30个基点至10个基点的净回收率尤其令人印象深刻。我们的信托和投资服务集团在2021年第三季度继续发展业务,并有望在2021年实现创纪录的收入。尽管我们在2021年第三季度看到了抵押贷款的结算,但我们仍然预计该业务线将在第四季度表现稳健。在资本方面,我们继续寻找以略高于每股有形账面价值的价格回购股票的价值。最后,我们的银行家继续协助我们的客户努力实现PPP贷款豁免。我们预计,第四季度还将获得可观的PPP贷款减免。”
1 Third Quarter Summary compares to the linked quarter unless noted.
2 Non-GAAP measure. See the separate Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure.
1 除非另有说明,否则第三季度摘要与关联季度进行比较。
2 非公认会计准则衡量标准。参见单独的 非公认会计准则 措施 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。
FINANCIAL HIGHLIGHTS |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands, except per share amounts) | September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||
2021 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||
Net interest income | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | |||||||||||||||
Noninterest income | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | ||||||||||||||||||||
Total revenue, net of interest expense | 49,522 | 48,723 | 47,379 | 148,686 | 141,921 | ||||||||||||||||||||
Credit loss (benefit) expense | (1,080 | ) | (2,144 | ) | 4,992 | (7,958 | ) | 31,410 | |||||||||||||||||
Noninterest expense | 29,778 | 28,670 | 59,939 | 86,148 | 117,978 | ||||||||||||||||||||
Income (loss) before income tax expense | 20,824 | 22,197 | (17,552 | ) | 70,496 | (7,467 | ) | ||||||||||||||||||
Income tax expense | 4,513 | 4,926 | 2,272 | 15,266 | 2,620 | ||||||||||||||||||||
Net income (loss) | $ | 16,311 | $ | 17,271 | $ | (19,824 | ) | $ | 55,230 | $ | (10,087 | ) | |||||||||||||
Diluted earnings (loss) per share | $ | 1.03 | $ | 1.08 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | |||||||||||||
Return on average assets | 1.11 | % | 1.18 | % | (1.48 | ) | % | 1.29 | % | (0.27 | ) | % | |||||||||||||
Return on average equity | 12.00 | % | 13.24 | % | (14.88 | ) | % | 14.03 | % | (2.60 | ) | % | |||||||||||||
Return on average tangible equity(1) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % | |||||||||||||||
Efficiency ratio(1) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % | |||||||||||||||
(1) Non-GAAP measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. |
财务要闻 |
三个月已结束 | 九个月已结束 | |||||||||||||||||||||||
(千美元,每股金额除外) | 9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | ||||||||||||||||||||
2021 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||||
净利息收入 | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | |||||||||||||||
非利息收入 | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | ||||||||||||||||||||
扣除利息支出后的总收入 | 49,522 | 48,723 | 47,379 | 148,686 | 141,921 | ||||||||||||||||||||
信用损失(福利)费用 | (1,080) | ) | (2,144 | ) | 4,992 | (7,958 | ) | 31,410 | |||||||||||||||||
非利息支出 | 29,778 | 28,670 | 59,939 | 86,148 | 117,978 | ||||||||||||||||||||
所得税支出前的收入(亏损) | 20,824 | 22,197 | (17,552) | ) | 70,496 | (7,467) | ) | ||||||||||||||||||
所得税支出 | 4,513 | 4,926 | 2,272 | 15,266 | 2,620 | ||||||||||||||||||||
净收益(亏损) | $ | 16,311 | $ | 17,271 | $ | (19,824) | ) | $ | 55,230 | $ | (10,087) | ) | |||||||||||||
摊薄后的每股收益(亏损) | $ | 1.03 | $ | 1.08 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | |||||||||||||
平均资产回报率 | 1.11 | % | 1.18 | % | (1.48) | ) | % | 1.29 | % | (0.27) | ) | % | |||||||||||||
平均净资产回报率 | 12.00 | % | 13.24 | % | (14.88) | ) | % | 14.03 | % | (2.60) | ) | % | |||||||||||||
平均有形资产回报率(1) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % | |||||||||||||||
效率比(1) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % | |||||||||||||||
(1) 非公认会计准则衡量标准。请参阅 非公认会计准则指标 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。 |
COVID-19 UPDATE
COVID-19
Loan Modifications
贷款修改
As of September 30, 2021, the outstanding balance of loans modified as a result of the COVID-19 pandemic totaled $4.5 million, a decline of 78.6% from $21.0 million at June 30, 2021. The decline from the end of the second quarter of 2021 was due largely to one commercial real estate loan where the borrower resumed making payments.
截至2021年9月30日,因 COVID-19 疫情而调整的未偿贷款余额共计450万美元,较2021年6月30日的2100万美元下降了78.6%。自2021年第二季度末以来,下降的主要原因是借款人在一笔商业房地产贷款中恢复了还款。
PPP Loans
PPP 贷款
The following table presents PPP loan measures as of the dates indicated:
下表列出了截至所示日期的PPP贷款措施:
September 30, 2021 | June 30, 2021 | |||||||||||||||||||||||||||||||||||
Round 1(3) | Round 2(3) | Total | Round 1(3) | Round 2(3) | Total | |||||||||||||||||||||||||||||||
(Dollars in millions) | # | $ | # | $ | # | $ | # | $ | # | $ | # | $ | ||||||||||||||||||||||||
Total PPP Loans Funded | 2,681 | 348.5 | 2,175 | 149.3 | 4,856 | 497.8 | 2,681 | 348.5 | 2,175 | 149.3 | 4,856 | 497.8 | ||||||||||||||||||||||||
PPP Loan Forgiveness(1) | 2,478 | 323.7 | 1,514 | 72.9 | 3,992 | 396.6 | 2,247 | 285.7 | 441 | 12.3 | 2,688 | 298.0 | ||||||||||||||||||||||||
Outstanding PPP Loans(2) | 184 | 16.3 | 661 | 73.1 | 845 | 89.4 | 416 | 53.9 | 1,734 | 130.5 | 2,150 | 184.4 | ||||||||||||||||||||||||
Unearned Income | $0.1 | $2.8 | $2.9 | $0.5 | $6.0 | $6.5 | ||||||||||||||||||||||||||||||
(1) Excluded from the PPP Loan Forgiveness is $9.1 million as of September 30, 2021 and $8.9 million as of June 30, 2021 of PPP loans that were paid off by the borrower prior to forgiveness. | ||||||||||||||||||||||||||||||||||||
(2) Outstanding loans are presented net of unearned income. | ||||||||||||||||||||||||||||||||||||
(3) Round 1 refers to PPP loan applications from the first wave of funding made available through the CARES Act, which was signed into law by President Trump in March 2020. Round 2 refers to the second wave of PPP funding made available through the Consolidated Appropriations Act, 2021, which was signed into law by President Trump in December 2020 and extended by the PPP Extension Act of 2021, which was signed into law by President Biden in March 2021. |
2021年9月30日 | 2021年6月30日 | |||||||||||||||||||||||||||||||||||
第 1 回合(3) | 第 2 回合(3) | 总计 | 第 1 回合(3) | 第 2 回合(3) | 总计 | |||||||||||||||||||||||||||||||
(百万美元) | # | $ | # | $ | # | $ | # | $ | # | $ | # | $ | ||||||||||||||||||||||||
资助的PPP贷款总额 | 2,681 | 348.5 | 2,175 | 149.3 | 4,856 | 497.8 | 2,681 | 348.5 | 2,175 | 149.3 | 4,856 | 497.8 | ||||||||||||||||||||||||
PPP 贷款豁免(1) | 2,478 | 323.7 | 1,514 | 72.9 | 3,992 | 396.6 | 2,247 | 285.7 | 441 | 12.3 | 2,688 | 298.0 | ||||||||||||||||||||||||
未付的PPP贷款(2) | 184 | 16.3 | 661 | 73.1 | 845 | 89.4 | 416 | 53.9 | 1,734 | 130.5 | 2,150 | 184.4 | ||||||||||||||||||||||||
非劳动收入 | 0.1 美元 | 2.8 美元 | 2.9 美元 | 0.5 美元 | 6.0 美元 | 6.5 美元 | ||||||||||||||||||||||||||||||
(1) 截至2021年9月30日,PPP贷款豁免中不包括910万美元,截至2021年6月30日,不包括借款人在宽恕之前还清的PPP贷款的890万美元。 | ||||||||||||||||||||||||||||||||||||
(2) 未偿贷款是扣除意外收入后列报的。 | ||||||||||||||||||||||||||||||||||||
(3) 第一轮是指通过CARES法案提供的第一波资金中的PPP贷款申请,该法案由特朗普总统于2020年3月签署成为法律。第二轮是指通过2021年《合并拨款法》提供的第二波PPP融资,该法案由特朗普总统于2020年12月签署成为法律,并由拜登总统于2021年3月签署成为法律的2021年PPP延期法案延长。 |
INCOME STATEMENT HIGHLIGHTS
损益表要点
Net Interest Income
净利息收入
Net interest income increased to $40.3 million in the third quarter of 2021 from $38.5 million in the second quarter of 2021 due primarily to increased PPP loan fee accretion stemming from loan forgiveness. Net PPP loan fee accretion was $3.6 million in the third quarter of 2021 compared to $2.5 million in the linked quarter.
净利息收入从2021年第二季度的3,850万美元增至2021年第三季度的4,030万美元,这主要是由于贷款豁免导致PPP贷款费用增加。2021年第三季度的PPP贷款费用净增幅为360万美元,而关联季度为250万美元。
Average interest earning assets decreased $32.5 million to $5.49 billion in the third quarter of 2021, compared to the second quarter of 2021, which includes a $90.4 million reduction in average PPP loan balances due to forgiveness. Adjusting for the $90.4 million in average PPP loan balance decline, average interest earning assets increased $57.9 million, primarily due to non-PPP loan growth.
与2021年第二季度相比,2021年第三季度的平均利息收入资产减少了3,250万美元,至54.9亿美元,其中包括由于宽恕而减少的平均PPP贷款余额9,040万美元。经PPP贷款余额平均下降9,040万美元后,平均利息收入资产增加了5,790万美元,这主要是由于非购买力平价贷款的增长。
The Company's tax equivalent net interest margin was 3.00% in the third quarter of 2021 compared to 2.88% in the linked quarter due to higher earning asset yields and lower funding costs. Total earning asset yields increased 9 bps from the linked quarter due primarily to the increased PPP net loan fee accretion described above. The cost of interest bearing liabilities decreased 3 bps to 0.46%, primarily as a result of interest bearing deposit costs of 0.32%, which declined 3 bps from the linked quarter.
由于收益资产收益率提高和融资成本降低,该公司的税收等值净利率在2021年第三季度为3.00%,而关联季度为2.88%。总收益资产收益率比关联季度增加了9个基点,这主要是由于上述PPP净贷款费用增加所致。计息负债成本下降3个基点至0.46%,这主要是由于计息存款成本为0.32%,比关联季度下降了3个基点。
Noninterest Income
非利息收入
Noninterest income for the third quarter of 2021 decreased $1.0 million, or 10.1%, from the linked quarter. The decrease was primarily due to a $1.2 million decrease in loan revenue. The decline in loan revenue included a $0.9 million reduction in mortgage origination fees stemming from lower gain on sale margins and decreased volumes of home mortgage loans as well as a $0.4 million decline in the fair value of our mortgage servicing rights.
2021年第三季度的非利息收入比关联季度减少了100万美元,下降了10.1%。下降的主要原因是贷款收入减少了120万美元。贷款收入的下降包括由于销售利润率降低和住房抵押贷款量减少而减少了90万美元的抵押贷款发放费,以及我们的抵押贷款服务权的公允价值下降了40万美元。
The following table presents details of noninterest income for the periods indicated:
下表列出了所示期间的非利息收入详情:
Three Months Ended | |||||||||||
Noninterest Income | September 30, | June 30, | September 30, | ||||||||
(In thousands) | 2021 | 2021 | 2020 | ||||||||
Investment services and trust activities | $ | 2,915 | $ | 2,809 | $ | 2,361 | |||||
Service charges and fees | 1,613 | 1,475 | 1,491 | ||||||||
Card revenue | 1,820 | 1,913 | 1,600 | ||||||||
Loan revenue | 1,935 | 3,151 | 3,252 | ||||||||
Bank-owned life insurance | 532 | 538 | 530 | ||||||||
Investment securities gains, net | 36 | 42 | 106 | ||||||||
Other | 331 | 290 | 230 | ||||||||
Total noninterest income | $ | 9,182 | $ | 10,218 | $ | 9,570 |
三个月已结束 | |||||||||||
非利息收入 | 9月30日 | 6月30日 | 9月30日 | ||||||||
(以千计) | 2021 | 2021 | 2020 | ||||||||
投资服务和信托活动 | $ | 2,915 | $ | 2,809 | $ | 2,361 | |||||
服务费和费用 | 1,613 | 1,475 | 1,491 | ||||||||
信用卡收入 | 1,820 | 1,913 | 1,600 | ||||||||
贷款收入 | 1,935 | 3,151 | 3,252 | ||||||||
银行拥有的人寿保险 | 532 | 538 | 530 | ||||||||
投资证券收益,净额 | 36 | 42 | 106 | ||||||||
其他 | 331 | 290 | 230 | ||||||||
非利息收入总额 | $ | 9,182 | $ | 10,218 | $ | 9,570 |
Noninterest Expense
非利息支出
Noninterest expense for the third quarter of 2021 increased $1.1 million, or 3.9%, from the linked quarter primarily due to an increase of $0.7 million in 'other' noninterest expense and a $0.3 million increase in occupancy expense of premises, net. The increase in 'other' noninterest expense was primarily due to expenses of $0.7 million related to the settlement of litigation claims. The increase in occupancy expense of premises, net was primarily attributable to the disposal and write-down of fixed assets totaling $0.3 million. The increase in noninterest expense, as well as the decline in noninterest income noted above, were the primary drivers of the increase in the efficiency ratio, which increased 1.51 percentage points to 56.34%, as compared to the linked quarter efficiency ratio of 54.83%.
2021年第三季度的非利息支出比关联季度增加了110万美元,增长3.9%,这主要是由于'其他'非利息支出增加了70万美元,净占用费用增加了30万美元。“其他” 非利息支出的增加主要是由于与诉讼索赔和解相关的70万美元支出。房舍占用费净额的增加主要归因于处置和减记共计30万美元的固定资产。上述非利息支出的增加以及非利息收入的下降是效率比率提高的主要驱动力,效率比率提高了1.51个百分点至56.34%,而关联季度效率比率为54.83%。
The following table presents details of noninterest expense for the periods indicated:
下表列出了所示期间的非利息支出详情:
Three Months Ended | |||||||||||
Noninterest Expense | September 30, | June 30, | September 30, | ||||||||
(In thousands) | 2021 | 2021 | 2020 | ||||||||
Compensation and employee benefits | $ | 17,350 | $ | 17,404 | $ | 16,460 | |||||
Occupancy expense of premises, net | 2,547 | 2,198 | 2,278 | ||||||||
Equipment | 1,973 | 1,861 | 1,935 | ||||||||
Legal and professional | 1,272 | 1,375 | 1,184 | ||||||||
Data processing | 1,406 | 1,347 | 1,308 | ||||||||
Marketing | 1,022 | 873 | 857 | ||||||||
Amortization of intangibles | 1,264 | 1,341 | 1,631 | ||||||||
FDIC insurance | 435 | 245 | 470 | ||||||||
Communications | 275 | 371 | 428 | ||||||||
Foreclosed assets, net | 43 | 136 | 13 | ||||||||
Other | 2,191 | 1,519 | 1,875 | ||||||||
Total core noninterest expense | $ | 29,778 | $ | 28,670 | $ | 28,439 | |||||
Goodwill impairment | — | — | 31,500 | ||||||||
Total noninterest expense | $ | 29,778 | $ | 28,670 | $ | 59,939 |
三个月已结束 | |||||||||||
非利息支出 | 9月30日 | 6月30日 | 9月30日 | ||||||||
(以千计) | 2021 | 2021 | 2020 | ||||||||
薪酬和员工福利 | $ | 17,350 | $ | 17,404 | $ | 16,460 | |||||
房舍占用费用,净额 | 2,547 | 2,198 | 2,278 | ||||||||
装备 | 1,973 | 1,861 | 1,935 | ||||||||
法律和专业 | 1,272 | 1,375 | 1,184 | ||||||||
数据处理 | 1,406 | 1,347 | 1,308 | ||||||||
市场营销 | 1,022 | 873 | 857 | ||||||||
无形资产的摊销 | 1,264 | 1,341 | 1,631 | ||||||||
联邦存款保险公司保险 | 435 | 245 | 470 | ||||||||
通信 | 275 | 371 | 428 | ||||||||
止赎资产,净额 | 43 | 136 | 13 | ||||||||
其他 | 2,191 | 1,519 | 1,875 | ||||||||
核心非利息支出总额 | $ | 29,778 | $ | 28,670 | $ | 28,439 | |||||
商誉减值 | — | — | 31,500 | ||||||||
非利息支出总额 | $ | 29,778 | $ | 28,670 | $ | 59,939 |
Income Taxes
所得税
The effective income tax rate was 21.7% in the third quarter of 2021 compared to 22.2% in the linked quarter. The effective income tax rate in the third quarter of 2021 reflected income tax expense based on the statutory rate and state income taxes, net of federal income tax benefits, primarily due to the net income earned during the quarter, offset by benefits related to tax-exempt interest and bank-owned life insurance. The effective income tax rate for the full year 2021 is expected to be in the range of 20-22%.
2021年第三季度的有效所得税税率为21.7%,而关联季度的有效所得税税率为22.2%。2021年第三季度的有效所得税税率反映了基于法定税率和州所得税的所得税支出,扣除联邦所得税优惠,这主要是由于该季度的净收入,但被与免税利息和银行拥有的人寿保险相关的福利所抵消。预计2021年全年的有效所得税税率将在20-22%之间。
BALANCE SHEET, LIQUIDITY AND CAPITAL HIGHLIGHTS |
As of or for the Three Months Ended | ||||||||||
(Dollars in millions, except per share amounts) | September 30, | June 30, | September 30, | ||||||||
2021 | 2021 | 2020 | |||||||||
Ending Balance Sheet | |||||||||||
Total assets | $ | 5,875.4 | $ | 5,749.2 | $ | 5,330.7 | |||||
Loans held for investment, net of unearned income | 3,268.6 | 3,330.2 | 3,537.4 | ||||||||
Total securities held for investment | 2,136.9 | 2,072.5 | 1,366.3 | ||||||||
Total deposits | 4,957.8 | 4,792.7 | 4,333.6 | ||||||||
Average Balance Sheet | |||||||||||
Average total assets | $ | 5,811.2 | $ | 5,851.7 | $ | 5,311.4 | |||||
Average total loans | 3,356.7 | 3,396.6 | 3,576.6 | ||||||||
Average total deposits | 4,882.8 | 4,875.3 | 4,317.2 | ||||||||
Funding and Liquidity | |||||||||||
Short-term borrowings | $ | 187.5 | $ | 212.3 | $ | 183.9 | |||||
Long-term debt | 154.9 | 169.8 | 245.5 | ||||||||
Loans to deposits ratio | 65.93 | % | 69.48 | % | 81.63 | % | |||||
Equity | |||||||||||
Total shareholders' equity | $ | 530.3 | $ | 530.3 | $ | 499.1 | |||||
Common equity ratio | 9.03 | % | 9.22 | % | 9.36 | % | |||||
Tangible common equity(1) | 446.7 | 445.4 | 409.8 | ||||||||
Tangible common equity ratio(1) | 7.71 | % | 7.86 | % | 7.82 | % | |||||
Per Share Data | |||||||||||
Book value | $ | 33.71 | $ | 33.22 | $ | 31.00 | |||||
Tangible book value(1) | $ | 28.40 | $ | 27.90 | $ | 25.45 | |||||
(1) Non-GAAP Measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. |
资产负债表、流动性和资本亮点 |
截至或在已结束的三个月内 | ||||||||||
(以百万美元计,每股金额除外) | 9月30日 | 6月30日 | 9月30日 | ||||||||
2021 | 2021 | 2020 | |||||||||
期末资产负债表 | |||||||||||
总资产 | $ | 5,875.4 | $ | 5,749.2 | $ | 5,3307 | |||||
持有的用于投资的贷款,扣除未赚取的收入 | 3,268.6 | 3,330.2 | 3,5374 | ||||||||
持有的用于投资的证券总额 | 2,136.9 | 2,072.5 | 1,366.3 | ||||||||
存款总额 | 4,957.8 | 4,792.7 | 4,333.6 | ||||||||
平均资产负债表 | |||||||||||
平均总资产 | $ | 5,811.2 | $ | 5,851.7 | $ | 5,3114 | |||||
平均贷款总额 | 3,356.7 | 3,396.6 | 3,576.6 | ||||||||
平均存款总额 | 4,882.8 | 4,875.3 | 4,317.2 | ||||||||
资金和流动性 | |||||||||||
短期借款 | $ | 187.5 | $ | 212.3 | $ | 183.9 | |||||
长期债务 | 154.9 | 169.8 | 245.5 | ||||||||
贷款与存款的比率 | 65.93 | % | 69.48 | % | 81.63 | % | |||||
公平 | |||||||||||
股东权益总额 | $ | 530.3 | $ | 530.3 | $ | 499.1 | |||||
普通股权比率 | 9.03 | % | 9.22 | % | 9.36 | % | |||||
有形普通股(1) | 446.7 | 445.4 | 409.8 | ||||||||
有形普通股权比率(1) | 7.71 | % | 7.86 | % | 7.82 | % | |||||
每股数据 | |||||||||||
账面价值 | $ | 33.71 | $ | 33.22 | $ | 31.00 | |||||
有形账面价值(1) | $ | 28.40 | $ | 27.90 | $ | 25.45 | |||||
(1) 非公认会计准则衡量标准。请参阅 非公认会计准则指标 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。 |
Loans Held for Investment
为投资而持有的贷款
Loans held for investment, net of unearned income, decreased $61.5 million, or 1.8%, to $3.27 billion from June 30, 2021, driven primarily by PPP loan forgiveness and partially offset by higher revolving line of credit utilization, which increased 2% from the linked quarter to 32% at September 30, 2021 and new loan production.
自2021年6月30日起,扣除非劳动收入后的投资贷款减少了6150万美元,降至32.7亿美元,降幅1.8%,这主要是受购买力平价贷款减免的推动,而循环信贷利用额度的增加部分抵消,循环信贷利用额度比关联季度增长2%,至2021年9月30日的32%,以及新的贷款产量。
The following table presents the composition of loans held for investment, net of unearned income, as of the dates indicated:
下表列出了截至所示日期扣除意外收入后的投资贷款构成:
Loans Held for Investment | September 30, 2021 | June 30, 2021 | September 30, 2020 | ||||||||||||||||||
Balance |
% of Total |
Balance | % of Total | Balance | % of Total | ||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||
Commercial and industrial | $ | 927,258 | 28.4 | % | $ | 982,092 | 29.5 | % | $ | 1,103,102 | 31.2 | % | |||||||||
Agricultural | 106,356 | 3.3 | 107,834 | 3.2 | 129,453 | 3.7 | |||||||||||||||
Commercial real estate | |||||||||||||||||||||
Construction and development | 146,417 | 4.5 | 168,070 | 5.0 | 191,423 | 5.4 | |||||||||||||||
Farmland | 130,936 | 4.0 | 134,877 | 4.1 | 152,362 | 4.3 | |||||||||||||||
Multifamily | 273,347 | 8.4 | 255,826 | 7.7 | 235,241 | 6.7 | |||||||||||||||
Other | 1,148,658 | 35.0 | 1,147,016 | 34.4 | 1,128,009 | 31.8 | |||||||||||||||
Total commercial real estate | 1,699,358 | 51.9 | 1,705,789 | 51.2 | 1,707,035 | 48.2 | |||||||||||||||
Residential real estate | |||||||||||||||||||||
One-to-four family first liens | 334,267 | 10.2 | 332,117 | 10.0 | 371,390 | 10.5 | |||||||||||||||
One-to-four family junior liens | 133,869 | 4.1 | 136,464 | 4.1 | 150,180 | 4.2 | |||||||||||||||
Total residential real estate | 468,136 | 14.3 | 468,581 | 14.1 | 521,570 | 14.7 | |||||||||||||||
Consumer | 67,536 | 2.1 | 65,860 | 2.0 | 76,272 | 2.2 | |||||||||||||||
Loans held for investment, net of unearned income | $ | 3,268,644 | 100.0 | % | $ | 3,330,156 | 100.0 | % | $ | 3,537,432 | 100.0 | % | |||||||||
Total commitments to extend credit | $ | 950,157 | $ | 959,696 | $ | 893,147 |
为投资而持有的贷款 | 2021年9月30日 | 2021年6月30日 | 2020年9月30日 | ||||||||||||||||||
平衡 |
占总数的百分比 |
平衡 | 占总数的百分比 | 平衡 | 占总数的百分比 | ||||||||||||||||
(千美元) | |||||||||||||||||||||
商业和工业 | $ | 927,258 | 28.4 | % | $ | 982,092 | 29.5 | % | $ | 1,103,102 | 31.2 | % | |||||||||
农业 | 106,356 | 3.3 | 107,834 | 3.2 | 129,453 | 3.7 | |||||||||||||||
商业地产 | |||||||||||||||||||||
建设和开发 | 146,417 | 4.5 | 168,070 | 5.0 | 191,423 | 5.4 | |||||||||||||||
农田 | 130,936 | 4.0 | 134,877 | 4.1 | 152,362 | 4.3 | |||||||||||||||
多家庭 | 273,347 | 8.4 | 255,826 | 7.7 | 235,241 | 6.7 | |||||||||||||||
其他 | 1,148,658 | 35.0 | 1,147,016 | 34.4 | 1,128,009 | 31.8 | |||||||||||||||
商业房地产总额 | 1,699,358 | 51.9 | 1,705,789 | 51.2 | 1,707,035 | 48.2 | |||||||||||||||
住宅房地产 | |||||||||||||||||||||
一对四家庭优先留置权 | 334,267 | 10.2 | 332,117 | 10.0 | 371,390 | 10.5 | |||||||||||||||
一对四家庭青少年留置权 | 133,869 | 4.1 | 136,464 | 4.1 | 150,180 | 4.2 | |||||||||||||||
住宅房地产总额 | 468,136 | 14.3 | 468,581 | 14.1 | 521,570 | 14.7 | |||||||||||||||
消费者 | 67,536 | 2.1 | 65,860 | 2.0 | 76,272 | 2.2 | |||||||||||||||
持有的用于投资的贷款,扣除未赚取的收入 | $ | 3,268,644 | 100.0 | % | $ | 3,330,156 | 100.0 | % | $ | 3,537,432 | 100.0 | % | |||||||||
提供信贷的承诺总额 | $ | 950,157 | $ | 959,696 | $ | 893,147 |
Credit Loss Expense & Allowance for Credit Losses
信用损失费用和信用损失补贴
The following table shows the activity in the allowance for credit losses for the periods indicated:
下表显示了所示期间信贷损失备抵中的活动:
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
Allowance for Credit Losses Roll Forward | September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||||
(In thousands) | 2021 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||
Beginning balance | $ | 48,000 | $ | 50,650 | $ | 55,644 | $ | 55,500 | $ | 29,079 | ||||||||||||||
Cumulative effect of change in accounting principle - CECL | — | — | — | — | 3,984 | |||||||||||||||||||
Charge-offs | (234 | ) | (840 | ) | (2,188 | ) | (2,077 | ) | (5,788 | ) | ||||||||||||||
Recoveries | 1,114 | 434 | 347 | 2,235 | 882 | |||||||||||||||||||
Net recoveries (charge-offs) | 880 | (406 | ) | (1,841 | ) | 158 | (4,906 | ) | ||||||||||||||||
Credit loss (benefit) expense related to loans | (980 | ) | (2,244 | ) | 4,697 | (7,758 | ) | 30,343 | ||||||||||||||||
Ending balance | $ | 47,900 | $ | 48,000 | $ | 58,500 | $ | 47,900 | $ | 58,500 |
三个月已结束 | 九个月已结束 | |||||||||||||||||||||||
信用损失备抵金向前滚动 | 9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||
(以千计) | 2021 | 2021 | 2020 | 2021 | 2020 | |||||||||||||||||||
期初余额 | $ | 48,000 | $ | 50,650 | $ | 55,644 | $ | 55,500 | $ | 29,079 | ||||||||||||||
会计原则变更的累积影响-CECL | — | — | — | — | 3,984 | |||||||||||||||||||
扣款 | (234) | ) | (840) | ) | (2,188 | ) | (2,077 | ) | (5,788 | ) | ||||||||||||||
回收率 | 1,114 | 434 | 347 | 2,235 | 882 | |||||||||||||||||||
净回收额(扣款) | 880 | (406) | ) | (1,841) | ) | 158 | (4,906 | ) | ||||||||||||||||
与贷款相关的信用损失(收益)费用 | (980) | ) | (2,244 | ) | 4,697 | (7,758 | ) | 30,343 | ||||||||||||||||
期末余额 | $ | 47,900 | $ | 48,000 | $ | 58,500 | $ | 47,900 | $ | 58,500 |
As of September 30, 2021, the allowance for credit losses ("ACL") was $47.9 million, or 1.47% of loans held for investment, net of unearned income, compared with $48.0 million, or 1.44% of loans held for investment, net of unearned income, at June 30, 2021. After excluding net PPP loans, the ACL as a percentage of loans held for investment, net of unearned income, decreased to 1.51%(1) as of September 30, 2021, from 1.53%(1) at June 30, 2021. The decline in the ACL during the third quarter reflected overall improvements in the economic forecast and stabilization of the credit profile outlook when compared to the linked quarter.
截至2021年9月30日,扣除意外收入后的信贷损失备抵额(“ACL”)为4,790万美元,占投资贷款的1.47%,而截至2021年6月30日,扣除意外收入后的4,800万美元,占投资贷款的1.44%。扣除净购买力平价贷款后,ACL占持有的投资贷款(扣除非劳动收入)的百分比降至1.51%(1) 截至2021年9月30日,低于 1.53%(1) 截至 2021 年 6 月 30 日。与关联季度相比,第三季度ACL的下降反映了经济预测的总体改善以及信用状况前景的稳定。
(1)Non-GAAP Measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure.
(1)非公认会计准则衡量标准。请参阅 非 GAAP 措施 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。
Deposits
存款
The following table presents the composition of our deposit portfolio as of the dates indicated:
下表显示了截至指定日期我们的存款投资组合的构成:
Deposit Composition | September 30, 2021 | June 30, 2021 | September 30, 2020 | ||||||||||||||||||
(dollars in thousands) | Balance | % of Total | Balance | % of Total | Balance | % of Total | |||||||||||||||
Noninterest bearing deposits | $ | 999,887 | 20.2 | % | $ | 952,764 | 19.9 | % | $ | 864,504 | 19.9 | % | |||||||||
Interest checking deposits | 1,464,389 | 29.5 | 1,414,942 | 29.6 | 1,230,146 | 28.5 | |||||||||||||||
Money market deposits | 989,095 | 20.0 | 936,683 | 19.5 | 871,336 | 20.1 | |||||||||||||||
Savings deposits | 616,924 | 12.4 | 596,199 | 12.4 | 486,876 | 11.2 | |||||||||||||||
Total non-maturity deposits | 4,070,295 | 82.1 | 3,900,588 | 81.4 | 3,452,862 | 79.7 | |||||||||||||||
Time deposits of $250 and under | 522,907 | 10.5 | 538,331 | 11.2 | 617,229 | 14.2 | |||||||||||||||
Time deposits over $250 | 364,579 | 7.4 | 353,747 | 7.4 | 263,550 | 6.1 | |||||||||||||||
Total time deposits | 887,486 | 17.9 | 892,078 | 18.6 | 880,779 | 20.3 | |||||||||||||||
Total deposits | $ | 4,957,781 | 100.0 | % | $ | 4,792,666 | 100.0 | % | $ | 4,333,641 | 100.0 | % |
存款构成 | 2021年9月30日 | 2021年6月30日 | 2020年9月30日 | ||||||||||||||||||
(千美元) | 平衡 | 占总数的百分比 | 平衡 | 占总数的百分比 | 平衡 | 占总数的百分比 | |||||||||||||||
无息存款 | $ | 999,887 | 20.2 | % | $ | 952,764 | 19.9 | % | $ | 864,504 | 19.9 | % | |||||||||
利息支票存款 | 1,464,389 | 29.5 | 1,414,942 | 29.6 | 1,230,146 | 28.5 | |||||||||||||||
货币市场存款 | 989,095 | 20.0 | 936,683 | 19.5 | 871,336 | 20.1 | |||||||||||||||
储蓄存款 | 616,924 | 12.4 | 596,199 | 12.4 | 486,876 | 11.2 | |||||||||||||||
非到期存款总额 | 4,070,295 | 82.1 | 3,900,588 | 81.4 | 3,452,862 | 79.7 | |||||||||||||||
250美元及以下的定期存款 | 522,907 | 10.5 | 538,331 | 11.2 | 617,229 | 14.2 | |||||||||||||||
超过 250 美元的定期存款 | 364,579 | 7.4 | 353,747 | 7.4 | 263,550 | 6.1 | |||||||||||||||
定期存款总额 | 887,486 | 17.9 | 892,078 | 18.6 | 880,779 | 20.3 | |||||||||||||||
存款总额 | $ | 4,957,781 | 100.0 | % | $ | 4,792,666 | 100.0 | % | $ | 4,333,641 | 100.0 | % |
CREDIT RISK PROFILE
信用风险概况
As of or For the Three Months Ended | |||||||||||||
Highlights | September 30, | June 30, | September 30, | ||||||||||
(dollars in thousands) | 2021 | 2021 | 2020 | ||||||||||
Credit loss (benefit) expense related to loans | $ | (980 | ) | $ | (2,244 | ) | $ | 4,697 | |||||
Net (recoveries) charge-offs | $ | (880 | ) | $ | 406 | $ | 1,841 | ||||||
Net (recovery) charge-off ratio(1) | (0.10 | ) | % | 0.05 | % | 0.20 | % | ||||||
At period-end | |||||||||||||
Pass | $ | 3,069,314 | $ | 3,102,688 | $ | 3,230,611 | |||||||
Special Mention / Watch | 82,871 | 115,414 | 176,702 | ||||||||||
Classified | 116,459 | 112,054 | 130,119 | ||||||||||
Total loans held for investment, net | $ | 3,268,644 | $ | 3,330,156 | $ | 3,537,432 | |||||||
Classified loans ratio(2) | 3.56 | % | 3.36 | % | 3.68 | % | |||||||
Nonaccrual loans held for investment | $ | 33,657 | $ | 40,764 | $ | 39,071 | |||||||
Accruing loans contractually past due 90 days or more | 51 | 665 | 2,593 | ||||||||||
Total nonperforming loans | 33,708 | 41,429 | 41,664 | ||||||||||
Foreclosed assets, net | 454 | 755 | 724 | ||||||||||
Total nonperforming assets | $ | 34,162 | $ | 42,184 | $ | 42,388 | |||||||
Nonperforming loans ratio(3) | 1.03 | % | 1.24 | % | 1.18 | % | |||||||
Nonperforming assets ratio(4) | 0.58 | % | 0.73 | % | 0.80 | % | |||||||
Allowance for credit losses | $ | 47,900 | $ | 48,000 | $ | 58,500 | |||||||
Allowance for credit losses ratio(5) | 1.47 | % | 1.44 | % | 1.65 | % | |||||||
Adjusted allowance for credit losses ratio(6) | 1.51 | % | 1.53 | % | 1.82 | % | |||||||
(1) Net (recovery) charge-off ratio is calculated as annualized net (recoveries) charge-offs divided by average loans held for investment, net of unearned income, during the period. | |||||||||||||
(2) Classified loans ratio is calculated as classified loans divided by loans held for investment, net of unearned income, at the end of the period. | |||||||||||||
(3) Nonperforming loans ratio is calculated as total nonperforming loans divided by loans held for investment, net of unearned income, at the end of the period. | |||||||||||||
(4) Nonperforming assets ratio is calculated as total nonperforming assets divided by total assets at the end of the period. | |||||||||||||
(5) Allowance for credit losses ratio is calculated as allowance for credit losses divided by loans held for investment, net of unearned income, at the end of the period. | |||||||||||||
(6) Non-GAAP Measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. |
截至或截至已结束的三个月 | |||||||||||||
亮点 | 9月30日 | 6月30日 | 9月30日 | ||||||||||
(千美元) | 2021 | 2021 | 2020 | ||||||||||
与贷款相关的信用损失(收益)费用 | $ | (980) | ) | $ | (2,244 | ) | $ | 4,697 | |||||
净额(收回额)扣除 | $ | (880 | ) | $ | 406 | $ | 1,841 | ||||||
净(回收)扣除率(1) | (0.10) | ) | % | 0.05 | % | 0.20 | % | ||||||
在期末 | |||||||||||||
通过 | $ | 3,069,314 | $ | 3,102,688 | $ | 3,230,611 | |||||||
特别提及/观看 | 82,871 | 115,414 | 176,702 | ||||||||||
机密 | 116,459 | 112,054 | 130,119 | ||||||||||
持有的投资贷款总额,净额 | $ | 3,268,644 | $ | 3,330,156 | $ | 3,537,432 | |||||||
分类贷款比率(2) | 3.56 | % | 3.36 | % | 3.68 | % | |||||||
为投资而持有的非应计贷款 | $ | 33,657 | $ | 40,764 | $ | 39,071 | |||||||
以合同方式累积逾期 90 天或更长时间的贷款 | 51 | 665 | 2,593 | ||||||||||
不良贷款总额 | 33,708 | 41,429 | 41,664 | ||||||||||
止赎资产,净额 | 454 | 755 | 724 | ||||||||||
不良资产总额 | $ | 34,162 | $ | 42,184 | $ | 42,388 | |||||||
不良贷款比率(3) | 1.03 | % | 1.24 | % | 1.18 | % | |||||||
不良资产比率(4) | 0.58 | % | 0.73 | % | 0.80 | % | |||||||
信用损失备抵金 | $ | 47,900 | $ | 48,000 | $ | 58,500 | |||||||
信贷损失备抵率(5) | 1.47 | % | 1.44 | % | 1.65 | % | |||||||
调整后的信用损失备抵率(6) | 1.51 | % | 1.53 | % | 1.82 | % | |||||||
(1) 净(回收)扣除比率的计算方法是年度化净(回收额)扣除以该期间扣除未赚取收入后的平均投资贷款。 | |||||||||||||
(2) 分类贷款比率的计算方法是期末分类贷款除以扣除未赚取收入后的投资贷款。 | |||||||||||||
(3) 不良贷款比率的计算方法是,期末不良贷款总额除以扣除未赚取收入后的投资贷款。 | |||||||||||||
(4) 不良资产比率的计算方法是期末不良资产总额除以总资产。 | |||||||||||||
(5) 信贷损失备抵率的计算方法是期末信贷损失备抵除以扣除未赚收入后的投资贷款。 | |||||||||||||
(6) 非公认会计准则衡量标准。请参阅 非公认会计准则指标 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。 |
The following table presents a roll forward of nonperforming loans for the period indicated:
下表显示了所示期间不良贷款的结转情况:
Nonperforming Loans | ||||||||||||||
(dollars in thousands) | Nonaccrual | 90+ Days Past Due & Still Accruing | Total | |||||||||||
Balance at June 30, 2021 | $ | 40,764 | $ | 665 | $ | 41,429 | ||||||||
Loans placed on nonaccrual or 90+ days past due & still accruing | 574 | 105 | 679 | |||||||||||
Repayments (including interest applied to principal) | (5,370 | ) | — | (5,370 | ) | |||||||||
Loans returned to accrual status or no longer past due | (2,256 | ) | (666 | ) | (2,922 | ) | ||||||||
Charge-offs | (50 | ) | (53 | ) | (103 | ) | ||||||||
Transfers to foreclosed assets | (5 | ) | — | (5 | ) | |||||||||
Balance at September 30, 2021 | $ | 33,657 | $ | 51 | $ | 33,708 |
不良贷款 | ||||||||||||||
(千美元) | 不可累积 | 逾期 90 天以上,仍在累计 | 总计 | |||||||||||
截至2021年6月30日的余额 | $ | 40,764 | $ | 665 | $ | 41,429 | ||||||||
非应计贷款或逾期 90 天以上且仍在累积的贷款 | 574 | 105 | 679 | |||||||||||
还款(包括计入本金的利息) | (5,370) | ) | — | (5,370) | ) | |||||||||
贷款恢复到应计状态或已过期 | (2,256) | ) | (666 | ) | (2,922 | ) | ||||||||
扣款 | (50) | ) | (53) | ) | (103) | ) | ||||||||
向止赎资产的转账 | (5) | ) | — | (5) | ) | |||||||||
截至2021年9月30日的余额 | $ | 33,657 | $ | 51 | $ | 33,708 |
CAPITAL
首都
Effective March 31, 2020, we elected the 5-year phase-in option allowed under the interim final rule (IFR) issued by the federal banking regulatory agencies that delays the estimated impact on regulatory capital stemming from the implementation of the current expected credit losses (CECL) accounting standard. The IFR allows the add back of 100% of the capital effect from the day one CECL transition adjustment and 25% of the capital effect from subsequent increases in the allowance for credit losses through the two-year period ending December 31, 2021. This cumulative amount will then be reduced from capital over the subsequent three-year period.
自2020年3月31日起,我们选择了联邦银行监管机构发布的临时最终规则(IFR)所允许的5年期逐步实施选项,该规则推迟了实施当前预期信用损失(CECL)会计准则对监管资本产生的估计影响。IFR允许在截至2021年12月31日的两年期内,将CECL过渡调整第一天起的100%资本效应和随后增加信贷损失备抵额产生的25%的资本效应进行补充。然后,该累计金额将在随后的三年内从资本中扣除。
Regulatory Capital Ratios |
September 30, | June 30, | September 30, | |||||
2021 (1) | 2021 | 2020 | ||||||
MidWestOne Financial Group, Inc. Consolidated | ||||||||
Tier 1 leverage ratio | 8.70 | % | 8.50 | % | 8.52 | % | ||
Common equity tier 1 capital ratio | 10.26 | % | 10.26 | % | 9.72 | % | ||
Tier 1 capital ratio | 11.20 | % | 11.21 | % | 10.73 | % | ||
Total capital ratio | 13.58 | % | 13.63 | % | 13.56 | % | ||
MidWestOne Bank | ||||||||
Tier 1 leverage ratio | 9.41 | % | 9.15 | % | 9.26 | % | ||
Common equity tier 1 capital ratio | 12.14 | % | 12.09 | % | 11.75 | % | ||
Tier 1 capital ratio | 12.14 | % | 12.09 | % | 11.75 | % | ||
Total capital ratio | 13.05 | % | 13.02 | % | 12.95 | % | ||
(1) Capital ratios for September 30, 2021 are preliminary |
监管资本比率 |
9月30日 | 6月30日 | 9月30日 | |||||
2021 (1) | 2021 | 2020 | ||||||
中西部一个 金融集团公司合并 | ||||||||
1 级杠杆比率 | 8.70 | % | 8.50 | % | 8.52 | % | ||
普通股一级资本比率 | 10.26 | % | 10.26 | % | 9.72 | % | ||
一级资本比率 | 11.20 | % | 11.21 | % | 10.73 | % | ||
总资本比率 | 13.58 | % | 13.63 | % | 13.56 | % | ||
中西部一个 银行 | ||||||||
1 级杠杆比率 | 9.41 | % | 9.15 | % | 9.26 | % | ||
普通股一级资本比率 | 12.14 | % | 12.09 | % | 11.75 | % | ||
一级资本比率 | 12.14 | % | 12.09 | % | 11.75 | % | ||
总资本比率 | 13.05 | % | 13.02 | % | 12.95 | % | ||
(1) 2021年9月30日的资本比率是初步的 |
CORPORATE UPDATE
公司最新消息
Iowa First Bancshares Corp. Pending Acquisition
爱荷华州第一银行股份公司待收购
On November 1, 2021, the Company and IOFB, the holding company of First National Bank of Muscatine ("FNBM") and First National Bank in Fairfield ("FNBF"), jointly announced the signing of a definitive agreement pursuant to which the Company will acquire IOFB, FNBM, and FNBF. The acquisition will add to the Company's existing presence in Fairfield, Iowa and will expand the Company's footprint into Muscatine, Iowa.
2021年11月1日,公司与马斯卡廷第一国民银行(“FNBM”)和费尔菲尔德第一国民银行(“FNBF”)的控股公司IOFB共同宣布签署最终协议,根据该协议,该公司将收购IOFB、FNBM和FNBF。此次收购将扩大公司在爱荷华州费尔菲尔德的现有业务,并将公司的足迹扩展到爱荷华州的马斯卡廷。
Share Repurchase Program
股票回购计划
Under the current repurchase program, the Company repurchased 235,277 shares of its common stock at an average price of $29.24 per share and a total cost of $6.9 million in the third quarter of 2021. At September 30, 2021, the total amount available under the Company's current share repurchase program was $7.6 million.
根据目前的回购计划,该公司在2021年第三季度以每股29.24美元的平均价格回购了235,277股普通股,总成本为690万美元。截至2021年9月30日,公司当前股票回购计划下的可用总金额为760万美元。
Banking Office Consolidation
银行办公室整合
Effective January 27, 2022, the Company plans to consolidate its 32nd Street banking office into the nearby Main Street banking office in Dubuque, Iowa. This banking office consolidation is part of the Company's strategy to improve operating efficiency. The Company estimates the banking office consolidation will reduce its annual operating expenses by approximately $309 thousand.
自2022年1月27日起,该公司计划将其32街银行办公室合并为附近位于爱荷华州迪比克的大街银行办公室。此次银行办公室整合是公司提高运营效率战略的一部分。该公司估计,银行办公室整合将使其年度运营支出减少约30.9万美元。
Wealth Management Update
财富管理最新消息
Subsequent to September 30, 2021, the Company strengthened its wealth management capabilities with the addition of an experienced wealth management team in Eastern Iowa. The team collectively has more than 120 years of experience providing wealth management services to clients and is led by an experienced wealth professional with a focus on planning services who was most recently with a super-regional bank. The team is a strong cultural fit and strategically aligns with our measured pursuit of growth in noninterest income streams.
2021年9月30日之后,公司在爱荷华州东部增加了一支经验丰富的财富管理团队,从而加强了财富管理能力。该团队在为客户提供财富管理服务方面拥有超过120年的经验,由一位专注于规划服务的经验丰富的财富专业人士领导,他最近在一家超区域银行工作。该团队具有很强的文化契合度,在战略上符合我们对非利息收入流增长的谨慎追求。
CONFERENCE CALL DETAILS
电话会议详情
The Company will host a conference call for investors at 11:00 a.m. CT on Tuesday, November 2, 2021. To participate, please dial 866-233-3483 at least fifteen minutes before the call start time. If you are unable to participate on the call, a replay will be available until February 1, 2022, by calling 877-344-7529 and using the replay access code of 10159709. A transcript of the call will also be available on the Company's web site (www.midwestonefinancial.com) within three business days of the call.
公司将于美国中部时间2021年11月2日星期二上午11点为投资者举行电话会议。要参与,请在通话开始前至少十五分钟拨打 866-233-3483。如果您无法参与电话会议,则重播将持续到2022年2月1日,请致电877-344-7529并使用重播访问码10159709。电话会议记录也将在电话会议后的三个工作日内在公司的网站(www.midwestonefinancial.com)上公布。
ABOUT MIDWESTONE FINANCIAL GROUP, INC.
关于中西部一 金融集团公司
MidWestOne Financial Group, Inc. is a financial holding company headquartered in Iowa City, Iowa. MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne provides electronic delivery of financial services through its website, MidWestOne.bank. MidWestOne Financial Group, Inc. trades on the Nasdaq Global Select Market under the symbol "MOFG".
中西部一个 Financial Group, Inc. 是一家金融控股公司,总部位于爱荷华州爱荷华城。中西部一个 是中西部的母公司一个 银行,在爱荷华州、明尼苏达州、威斯康星州、佛罗里达州和科罗拉多州设有银行办事处。中西部一个 通过其网站MidWest提供金融服务的电子交付一个.bank。中西部一个 金融集团在纳斯达克全球精选市场上市,股票代码为 “MOFG”。
Cautionary Note Regarding Forward-Looking Statements
关于前瞻性陈述的警示说明
This release contains certain "forward-looking statements" within the meaning of such term in the Private Securities Litigation Reform Act of 1995. We and our representatives may, from time to time, make written or oral statements that are "forward-looking" and provide information other than historical information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the factors listed below. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of our management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "should," "could," "would," "plans," "goals," "intend," "project," "estimate," "forecast," "may" or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, these statements. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Additionally, we undertake no obligation to update any statement in light of new information or future events, except as required under federal securities law.
本新闻稿包含1995年《私人证券诉讼改革法》中该术语所指的某些 “前瞻性陈述”。我们和我们的代表可能会不时作出 “前瞻性” 的书面或口头陈述,并提供历史信息以外的信息。这些陈述涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致实际业绩与任何前瞻性陈述所表达或暗示的任何结果、活动水平、业绩或成就存在重大差异。除其他外,这些因素包括下面列出的因素。前瞻性陈述可能基于我们管理层的信念、预期和假设以及管理层目前获得的信息,通常可通过使用 “相信”、“期望”、“预期”、“应该”、“可能”、“会”、“计划”、“目标”、“打算”、“项目”、“估计”、“预测”、“可能” 或类似的表达方式来识别。这些前瞻性陈述受某些风险和不确定性的影响,这些风险和不确定性可能导致实际结果与这些陈述中表达或暗示的结果存在重大差异。提醒读者不要过分依赖任何此类前瞻性陈述,这些陈述仅代表截至发表之日。此外,除非联邦证券法有要求,否则我们没有义务根据新信息或未来事件更新任何声明。
Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors that could have an impact on our ability to achieve operating results, growth plan goals and future prospects include, but are not limited to, the following: (1) effects of the COVID-19 pandemic, including its effects on the economic environment, our customers and our operations, including due to supply chain disruptions, as well as any changes to federal, state, or local government laws, regulations, or orders in connection with the pandemic; (2) government intervention in the U.S. financial system in response to the COVID-19 pandemic, including the effects of recent legislative, tax, accounting and regulatory actions and reforms; (3) the impact of the COVID-19 pandemic on our financial results, including possible lost revenue and increased expenses (including the cost of capital), as well as possible goodwill impairment charges; (4) the risks of mergers (including with IOFB), including, without limitation, the related time and costs of implementing such transactions, integrating operations as part of these transactions and possible failures to achieve expected gains, revenue growth and/or expense savings from such transactions; (5) credit quality deterioration or pronounced and sustained reduction in real estate market values causing an increase in the allowance for credit losses, an increase in the credit loss expense, and a reduction in net earnings; (6) the effects of interest rates, including on our net income and the value of our securities portfolio; (7) changes in the economic environment, competition, or other factors that may affect our ability to acquire loans or influence the anticipated growth rate of loans and deposits and the quality of the loan portfolio and loan and deposit pricing; (8) fluctuations in the value of our investment securities; (9) governmental monetary and fiscal policies; (10) changes in and uncertainty related to benchmark interest rates used to price loans and deposits, including the expected elimination of LIBOR and the adoption of a substitute; (11) legislative and regulatory changes, including changes in banking, securities, trade, and tax laws and regulations and their application by our regulators; (12) the ability to attract and retain key executives and employees experienced in banking and financial services; (13) the sufficiency of the allowance for credit losses to absorb the amount of actual losses inherent in our existing loan portfolio; (14) our ability to adapt successfully to technological changes to compete effectively in the marketplace; (15) credit risks and risks from concentrations (by geographic area and by industry) within our loan portfolio; (16) the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds, financial technology companies, and other financial institutions operating in our markets or elsewhere or providing similar services; (17) the failure of assumptions underlying the establishment of allowances for credit losses and estimation of values of collateral and various financial assets and liabilities; (18) volatility of rate-sensitive deposits; (19) operational risks, including data processing system failures or fraud; (20) asset/liability matching risks and liquidity risks; (21) the costs, effects and outcomes of existing or future litigation; (22) changes in general economic, political, or industry conditions, nationally, internationally or in the communities in which we conduct business; (23) changes in accounting policies and practices, as may be adopted by state and federal regulatory agencies and the Financial Accounting Standards Board; (24) war or terrorist activities, widespread disease or pandemic, or other adverse external events, which may cause deterioration in the economy or cause instability in credit markets; (25) the effects of cyber-attacks; (26) the imposition of tariffs or other domestic or international governmental policies impacting the value of the agricultural or other products of our borrowers; and (27) other risk factors detailed from time to time in Securities and Exchange Commission filings made by the Company.
我们预测未来计划或战略的结果或实际效果的能力本质上是不确定的。可能影响我们实现经营业绩、增长计划目标和未来前景的能力的因素包括但不限于以下因素:(1)COVID-19 疫情的影响,包括其对经济环境、客户和运营的影响,包括供应链中断的影响,以及与疫情相关的联邦、州或地方政府法律、法规或命令的任何变化;(2)美国政府的干预应对 COVID-19 疫情的金融体系,包括最近的立法、税收、会计和监管行动及改革的影响;(3)COVID-19 疫情对我们财务业绩的影响,包括可能的收入损失和支出增加(包括资本成本),以及可能的商誉减值费用;(4)合并(包括与IOFB)的风险,包括但不限于实施此类交易、将业务整合为这些交易的一部分以及可能无法实现预期收益的相关时间和成本、收入增长和/或费用节约来自此类交易;(5)信贷质量恶化或房地产市场价值的明显持续下降导致信贷损失备抵增加、信贷损失支出增加和净收益减少;(6)利率的影响,包括对我们的净收入和证券投资组合价值的影响;(7)经济环境、竞争或其他可能影响我们获得贷款的能力或影响预期增长率的因素的变化贷款和存款以及贷款的质量投资组合、贷款和存款定价;(8)我们投资证券价值的波动;(9)政府的货币和财政政策;(10)与用于定价贷款和存款的基准利率相关的变化和不确定性,包括伦敦银行同业拆借利率的预期取消和替代方案的采用;(11)立法和监管的变化,包括银行、证券、贸易和税收法律法规的变化及其监管机构的适用;(12)能力吸引和留住在以下领域有经验的关键高管和员工银行和金融服务;(13)信贷损失备抵是否足以抵消我们现有贷款组合中固有的实际损失;(14)我们成功适应技术变革以在市场上进行有效竞争的能力;(15)我们的贷款组合中(按地理区域和行业划分)集中产生的信用风险和风险;(16)来自其他商业银行、旧货银行、抵押贷款银行公司、消费金融公司、信用合作社的竞争的影响、证券经纪公司、保险公司、货币市场和其他共同基金、金融科技公司以及在我们的市场或其他地方运营或提供类似服务的其他金融机构;(17)设立信贷损失准备金和抵押品及各种金融资产和负债价值估算所依据的假设失败;(18)利率敏感存款的波动性;(19)运营风险,包括数据处理系统故障或欺诈;(20)资产/负债匹配风险和流动性风险;(21)的成本、影响和结果现有或未来的诉讼;(22)国内、国际或我们开展业务的社区总体经济、政治或行业状况的变化;(23)州和联邦监管机构以及财务会计准则委员会可能采取的会计政策和惯例的变化;(24)战争或恐怖活动、广泛的疾病或疫情或其他不利的外部事件,这些事件可能导致经济恶化或导致信贷市场不稳定;(25)网络攻击的影响;(26)征收关税或其他影响借款人农产品或其他产品价值的国内或国际政府政策;以及(27)公司在美国证券交易委员会提交的文件中不时详述的其他风险因素。
MIDWESTONE FINANCIAL GROUP, INC. AND SUBSIDIARIES
FIVE QUARTER CONSOLIDATED BALANCE SHEETS
中西部一 金融集团公司和子公司
五季度合并资产负债表
September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||||||||
(In thousands) | 2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Cash and due from banks | $ | 53,562 | $ | 52,297 | $ | 57,154 | $ | 65,078 | $ | 71,901 | ||||||||||||||
Interest earning deposits in banks | 84,952 | 11,124 | 80,924 | 17,409 | 55,421 | |||||||||||||||||||
Federal funds sold | — | 13 | 7,691 | 172 | 7,540 | |||||||||||||||||||
Total cash and cash equivalents | 138,514 | 63,434 | 145,769 | 82,659 | 134,862 | |||||||||||||||||||
Debt securities available for sale at fair value | 2,136,902 | 2,072,452 | 1,896,894 | 1,657,381 | 1,366,344 | |||||||||||||||||||
Loans held for sale | 58,679 | 6,149 | 58,333 | 59,956 | 13,096 | |||||||||||||||||||
Gross loans held for investment | 3,278,150 | 3,344,156 | 3,374,076 | 3,496,790 | 3,555,969 | |||||||||||||||||||
Unearned income, net | (9,506 | ) | (14,000 | ) | (15,915 | ) | (14,567 | ) | (18,537 | ) | ||||||||||||||
Loans held for investment, net of unearned income | 3,268,644 | 3,330,156 | 3,358,161 | 3,482,223 | 3,537,432 | |||||||||||||||||||
Allowance for credit losses | (47,900 | ) | (48,000 | ) | (50,650 | ) | (55,500 | ) | (58,500 | ) | ||||||||||||||
Total loans held for investment, net | 3,220,744 | 3,282,156 | 3,307,511 | 3,426,723 | 3,478,932 | |||||||||||||||||||
Premises and equipment, net | 84,130 | 84,667 | 85,581 | 86,401 | 87,955 | |||||||||||||||||||
Goodwill | 62,477 | 62,477 | 62,477 | 62,477 | 62,477 | |||||||||||||||||||
Other intangible assets, net | 21,130 | 22,394 | 23,735 | 25,242 | 26,811 | |||||||||||||||||||
Foreclosed assets, net | 454 | 755 | 1,487 | 2,316 | 724 | |||||||||||||||||||
Other assets | 152,393 | 154,731 | 155,525 | 153,493 | 159,507 | |||||||||||||||||||
Total assets | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 | ||||||||||||||
LIABILITIES | ||||||||||||||||||||||||
Noninterest bearing deposits | $ | 999,887 | $ | 952,764 | $ | 958,526 | $ | 910,655 | $ | 864,504 | ||||||||||||||
Interest bearing deposits | 3,957,894 | 3,839,902 | 3,836,037 | 3,636,394 | 3,469,137 | |||||||||||||||||||
Total deposits | 4,957,781 | 4,792,666 | 4,794,563 | 4,547,049 | 4,333,641 | |||||||||||||||||||
Short-term borrowings | 187,508 | 212,261 | 175,785 | 230,789 | 183,893 | |||||||||||||||||||
Long-term debt | 154,860 | 169,839 | 201,696 | 208,691 | 245,481 | |||||||||||||||||||
Other liabilities | 45,010 | 44,156 | 53,948 | 54,869 | 68,612 | |||||||||||||||||||
Total liabilities | 5,345,159 | 5,218,922 | 5,225,992 | 5,041,398 | 4,831,627 | |||||||||||||||||||
SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||
Common stock | 16,581 | 16,581 | 16,581 | 16,581 | 16,581 | |||||||||||||||||||
Additional paid-in capital | 300,327 | 299,888 | 299,747 | 300,137 | 299,939 | |||||||||||||||||||
Retained earnings | 232,639 | 219,884 | 206,230 | 188,191 | 175,017 | |||||||||||||||||||
Treasury stock | (22,735 | ) | (15,888 | ) | (15,278 | ) | (14,251 | ) | (12,272 | ) | ||||||||||||||
Accumulated other comprehensive income | 3,452 | 9,828 | 4,040 | 24,592 | 19,816 | |||||||||||||||||||
Total shareholders' equity | 530,264 | 530,293 | 511,320 | 515,250 | 499,081 | |||||||||||||||||||
Total liabilities and shareholders' equity | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 |
9月30日 | 6月30日 | 3月31日 | 十二月三十一日 | 9月30日 | ||||||||||||||||||||
(以千计) | 2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||||||
资产 | ||||||||||||||||||||||||
现金和银行应付款 | $ | 53,562 | $ | 52,297 | $ | 57,154 | $ | 65,078 | $ | 71,901 | ||||||||||||||
银行的利息收入存款 | 84,952 | 11,124 | 80,924 | 17,409 | 55,421 | |||||||||||||||||||
联邦资金已出售 | — | 13 | 7,691 | 172 | 7,540 | |||||||||||||||||||
现金和现金等价物总额 | 138,514 | 63,434 | 145,769 | 82,659 | 134,862 | |||||||||||||||||||
可按公允价值出售的债务证券 | 2,136,902 | 2,072,452 | 1,896,894 | 1,657,381 | 1,366,344 | |||||||||||||||||||
持有待售贷款 | 58,679 | 6,149 | 58,333 | 59,956 | 13,096 | |||||||||||||||||||
持有的用于投资的贷款总额 | 3,278,150 | 3,344,156 | 3,374,076 | 3,496,790 | 3,555,969 | |||||||||||||||||||
非应得收入,净额 | (9,506) | ) | (14,000 | ) | (15,915) | ) | (14,567) | ) | (18,537 | ) | ||||||||||||||
持有的用于投资的贷款,扣除未赚取的收入 | 3,268,644 | 3,330,156 | 3,358,161 | 3,482,223 | 3,537,432 | |||||||||||||||||||
信用损失备抵金 | (47,900) | ) | (48,000) | ) | (50,650) | ) | (55,500) | ) | (58,500) | ) | ||||||||||||||
持有的投资贷款总额,净额 | 3,220744 | 3,282,156 | 3,307,511 | 3,426,723 | 3,478,932 | |||||||||||||||||||
房舍和设备,净额 | 84,130 | 84,667 | 85,581 | 86,401 | 87,955 | |||||||||||||||||||
善意 | 62,477 | 62,477 | 62,477 | 62,477 | 62,477 | |||||||||||||||||||
其他无形资产,净额 | 21,130 | 22,394 | 23,735 | 25,242 | 26,811 | |||||||||||||||||||
止赎资产,净额 | 454 | 755 | 1,487 | 2,316 | 724 | |||||||||||||||||||
其他资产 | 152,393 | 154,731 | 155,525 | 153,493 | 159,507 | |||||||||||||||||||
总资产 | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 | ||||||||||||||
负债 | ||||||||||||||||||||||||
无息存款 | $ | 999,887 | $ | 952,764 | $ | 958,526 | $ | 910,655 | $ | 864,504 | ||||||||||||||
计息存款 | 3,957,894 | 3,839,902 | 3,836,037 | 3,636,394 | 3,469,137 | |||||||||||||||||||
存款总额 | 4,957,781 | 4,792,666 | 4,794,563 | 4,547,049 | 4,333,641 | |||||||||||||||||||
短期借款 | 187,508 | 212,261 | 175,785 | 230,789 | 183,893 | |||||||||||||||||||
长期债务 | 154,860 | 169,839 | 201,696 | 208,691 | 245,481 | |||||||||||||||||||
其他负债 | 45,010 | 44,156 | 53,948 | 54,869 | 68,612 | |||||||||||||||||||
负债总额 | 5,345,159 | 5,218,922 | 5,225,992 | 5,041,398 | 4,831,627 | |||||||||||||||||||
股东权益 | ||||||||||||||||||||||||
普通股 | 16,581 | 16,581 | 16,581 | 16,581 | 16,581 | |||||||||||||||||||
额外的实收资本 | 300,327 | 299,888 | 299,747 | 300,137 | 299,939 | |||||||||||||||||||
留存收益 | 232,639 | 219,884 | 206,230 | 188,191 | 175,017 | |||||||||||||||||||
库存股 | (22,735) | ) | (15,888) | ) | (15,278) | ) | (14,251) | ) | (12,272) | ) | ||||||||||||||
累计其他综合收益 | 3,452 | 9,828 | 4,040 | 24,592 | 19,816 | |||||||||||||||||||
股东权益总额 | 530,264 | 530,293 | 511,320 | 515,250 | 499,081 | |||||||||||||||||||
负债和股东权益总额 | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 |
MIDWESTONE FINANCIAL GROUP, INC. AND SUBSIDIARIES
FIVE QUARTER AND YEAR TO DATE CONSOLIDATED STATEMENTS OF INCOME
中西部一 金融集团公司和子公司
五个季度和年初至今的合并损益表
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||||||||||||
(In thousands, except per share data) | September 30, | June 30, | March 31, | December 31, | September 30, | September 30, | September 30, | |||||||||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
Interest income | ||||||||||||||||||||||||||||||||||
Loans, including fees | $ | 36,115 | $ | 34,736 | $ | 36,542 | $ | 38,239 | $ | 38,191 | $ | 107,393 | $ | 120,417 | ||||||||||||||||||||
Taxable investment securities | 6,655 | 6,483 | 5,093 | 4,673 | 4,574 | 18,231 | 12,937 | |||||||||||||||||||||||||||
Tax-exempt investment securities | 2,428 | 2,549 | 2,555 | 2,529 | 2,360 | 7,532 | 5,730 | |||||||||||||||||||||||||||
Other | 21 | 19 | 14 | 29 | 29 | 54 | 233 | |||||||||||||||||||||||||||
Total interest income | 45,219 | 43,787 | 44,204 | 45,470 | 45,154 | 133,210 | 139,317 | |||||||||||||||||||||||||||
Interest expense | ||||||||||||||||||||||||||||||||||
Deposits | 3,150 | 3,409 | 3,608 | 4,265 | 5,296 | 10,167 | 19,654 | |||||||||||||||||||||||||||
Short-term borrowings | 132 | 161 | 128 | 142 | 175 | 421 | 772 | |||||||||||||||||||||||||||
Long-term debt | 1,597 | 1,712 | 1,851 | 2,026 | 1,874 | 5,160 | 4,964 | |||||||||||||||||||||||||||
Total interest expense | 4,879 | 5,282 | 5,587 | 6,433 | 7,345 | 15,748 | 25,390 | |||||||||||||||||||||||||||
Net interest income | 40,340 | 38,505 | 38,617 | 39,037 | 37,809 | 117,462 | 113,927 | |||||||||||||||||||||||||||
Credit loss (benefit) expense | (1,080 | ) | (2,144 | ) | (4,734 | ) | (3,041 | ) | 4,992 | (7,958 | ) | 31,410 | ||||||||||||||||||||||
Net interest income after credit loss (benefit) expense | 41,420 | 40,649 | 43,351 | 42,078 | 32,817 | 125,420 | 82,517 | |||||||||||||||||||||||||||
Noninterest income | ||||||||||||||||||||||||||||||||||
Investment services and trust activities | 2,915 | 2,809 | 2,836 | 2,518 | 2,361 | 8,560 | 7,114 | |||||||||||||||||||||||||||
Service charges and fees | 1,613 | 1,475 | 1,487 | 1,571 | 1,491 | 4,575 | 4,607 | |||||||||||||||||||||||||||
Card revenue | 1,820 | 1,913 | 1,536 | 1,517 | 1,600 | 5,269 | 4,202 | |||||||||||||||||||||||||||
Loan revenue | 1,935 | 3,151 | 4,730 | 3,900 | 3,252 | 9,816 | 6,285 | |||||||||||||||||||||||||||
Bank-owned life insurance | 532 | 538 | 542 | 541 | 530 | 1,612 | 1,685 | |||||||||||||||||||||||||||
Investment securities gains, net | 36 | 42 | 27 | 30 | 106 | 105 | 154 | |||||||||||||||||||||||||||
Other | 331 | 290 | 666 | 549 | 230 | 1,287 | 3,947 | |||||||||||||||||||||||||||
Total noninterest income | 9,182 | 10,218 | 11,824 | 10,626 | 9,570 | 31,224 | 27,994 | |||||||||||||||||||||||||||
Noninterest expense | ||||||||||||||||||||||||||||||||||
Compensation and employee benefits | 17,350 | 17,404 | 16,917 | 17,638 | 16,460 | 51,671 | 48,759 | |||||||||||||||||||||||||||
Occupancy expense of premises, net | 2,547 | 2,198 | 2,318 | 2,476 | 2,278 | 7,063 | 6,872 | |||||||||||||||||||||||||||
Equipment | 1,973 | 1,861 | 1,793 | 2,040 | 1,935 | 5,627 | 5,825 | |||||||||||||||||||||||||||
Legal and professional | 1,272 | 1,375 | 783 | 2,052 | 1,184 | 3,430 | 4,101 | |||||||||||||||||||||||||||
Data processing | 1,406 | 1,347 | 1,252 | 1,460 | 1,308 | 4,005 | 3,902 | |||||||||||||||||||||||||||
Marketing | 1,022 | 873 | 1,006 | 986 | 857 | 2,901 | 2,829 | |||||||||||||||||||||||||||
Amortization of intangibles | 1,264 | 1,341 | 1,507 | 1,569 | 1,631 | 4,112 | 5,407 | |||||||||||||||||||||||||||
FDIC insurance | 435 | 245 | 512 | 495 | 470 | 1,192 | 1,363 | |||||||||||||||||||||||||||
Communications | 275 | 371 | 409 | 412 | 428 | 1,055 | 1,334 | |||||||||||||||||||||||||||
Foreclosed assets, net | 43 | 136 | 47 | (35 | ) | 13 | 226 | 185 | ||||||||||||||||||||||||||
Goodwill impairment | — | — | — | — | 31,500 | — | 31,500 | |||||||||||||||||||||||||||
Other | 2,191 | 1,519 | 1,156 | 2,822 | 1,875 | 4,866 | 5,901 | |||||||||||||||||||||||||||
Total noninterest expense | 29,778 | 28,670 | 27,700 | 31,915 | 59,939 | 86,148 | 117,978 | |||||||||||||||||||||||||||
Income (loss) before income tax expense | 20,824 | 22,197 | 27,475 | 20,789 | (17,552 | ) | 70,496 | (7,467 | ) | |||||||||||||||||||||||||
Income tax expense | 4,513 | 4,926 | 5,827 | 4,079 | 2,272 | 15,266 | 2,620 | |||||||||||||||||||||||||||
Net income (loss) | $ | 16,311 | $ | 17,271 | $ | 21,648 | $ | 16,710 | $ | (19,824 | ) | $ | 55,230 | $ | (10,087 | ) | ||||||||||||||||||
Earnings (loss) per common share | ||||||||||||||||||||||||||||||||||
Basic | $ | 1.03 | $ | 1.08 | $ | 1.35 | $ | 1.04 | $ | (1.23 | ) | $ | 3.47 | $ | (0.63 | ) | ||||||||||||||||||
Diluted | $ | 1.03 | $ | 1.08 | $ | 1.35 | $ | 1.04 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | ||||||||||||||||||
Weighted average basic common shares outstanding | 15,841 | 15,987 | 15,991 | 16,074 | 16,099 | 15,939 | 16,112 | |||||||||||||||||||||||||||
Weighted average diluted common shares outstanding | 15,863 | 16,012 | 16,021 | 16,092 | 16,099 | 15,963 | 16,112 | |||||||||||||||||||||||||||
Dividends paid per common share | $ | 0.2250 | $ | 0.2250 | $ | 0.2250 | $ | 0.2200 | $ | 0.2200 | $ | 0.6750 | $ | 0.6600 |
三个月已结束 | 九个月已结束 | |||||||||||||||||||||||||||||||||
(以千计,每股数据除外) | 9月30日 | 6月30日 | 3月31日 | 十二月三十一日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | 2020 | 2021 | 2020 | ||||||||||||||||||||||||||||
利息收入 | ||||||||||||||||||||||||||||||||||
贷款,包括费用 | $ | 36,115 | $ | 34,736 | $ | 36,542 | $ | 38,239 | $ | 38,191 | $ | 107,393 | $ | 120,417 | ||||||||||||||||||||
应税投资证券 | 6,655 | 6,483 | 5,093 | 4,673 | 4,574 | 18,231 | 12,937 | |||||||||||||||||||||||||||
免税投资证券 | 2,428 | 2,549 | 2,555 | 2,529 | 2,360 | 7,532 | 5,730 | |||||||||||||||||||||||||||
其他 | 21 | 19 | 14 | 29 | 29 | 54 | 233 | |||||||||||||||||||||||||||
利息收入总额 | 45,219 | 43,787 | 44,204 | 45,470 | 45,154 | 133,210 | 139,317 | |||||||||||||||||||||||||||
利息支出 | ||||||||||||||||||||||||||||||||||
存款 | 3,150 | 3,409 | 3,608 | 4,265 | 5,296 | 10,167 | 19,654 | |||||||||||||||||||||||||||
短期借款 | 132 | 161 | 128 | 142 | 175 | 421 | 772 | |||||||||||||||||||||||||||
长期债务 | 1,597 | 1,712 | 1,851 | 2,026 | 1,874 | 5,160 | 4,964 | |||||||||||||||||||||||||||
利息支出总额 | 4,879 | 5,282 | 5,587 | 6,433 | 7,345 | 15,748 | 25,390 | |||||||||||||||||||||||||||
净利息收入 | 40,340 | 38,505 | 38,617 | 39,037 | 37,809 | 117,462 | 113,927 | |||||||||||||||||||||||||||
信用损失(福利)费用 | (1,080) | ) | (2,144 | ) | (4,734 | ) | (3,041) | ) | 4,992 | (7,958 | ) | 31,410 | ||||||||||||||||||||||
扣除信贷损失(收益)支出后的净利息收入 | 41,420 | 40,649 | 43,351 | 42,078 | 32,817 | 125,420 | 82,517 | |||||||||||||||||||||||||||
非利息收入 | ||||||||||||||||||||||||||||||||||
投资服务和信托活动 | 2,915 | 2,809 | 2836 | 2,518 | 2,361 | 8,560 | 7,114 | |||||||||||||||||||||||||||
服务费和费用 | 1,613 | 1,475 | 1,487 | 1,571 | 1,491 | 4,575 | 4,607 | |||||||||||||||||||||||||||
信用卡收入 | 1,820 | 1,913 | 1,536 | 1,517 | 1,600 | 5,269 | 4,202 | |||||||||||||||||||||||||||
贷款收入 | 1,935 | 3,151 | 4,730 | 3,900 | 3,252 | 9,816 | 6,285 | |||||||||||||||||||||||||||
银行拥有的人寿保险 | 532 | 538 | 542 | 541 | 530 | 1,612 | 1,685 | |||||||||||||||||||||||||||
投资证券收益,净额 | 36 | 42 | 27 | 30 | 106 | 105 | 154 | |||||||||||||||||||||||||||
其他 | 331 | 290 | 666 | 549 | 230 | 1,287 | 3,947 | |||||||||||||||||||||||||||
非利息收入总额 | 9,182 | 10,218 | 11,824 | 10,626 | 9,570 | 31,224 | 27,994 | |||||||||||||||||||||||||||
非利息支出 | ||||||||||||||||||||||||||||||||||
薪酬和员工福利 | 17,350 | 17,404 | 16,917 | 17,638 | 16,460 | 51,671 | 48,759 | |||||||||||||||||||||||||||
房舍占用费用,净额 | 2,547 | 2,198 | 2,318 | 2,476 | 2,278 | 7,063 | 6,872 | |||||||||||||||||||||||||||
装备 | 1,973 | 1,861 | 1,793 | 2,040 | 1,935 | 5,627 | 5,825 | |||||||||||||||||||||||||||
法律和专业 | 1,272 | 1,375 | 783 | 2,052 | 1,184 | 3,430 | 4,101 | |||||||||||||||||||||||||||
数据处理 | 1,406 | 1,347 | 1,252 | 1,460 | 1,308 | 4,005 | 3,902 | |||||||||||||||||||||||||||
市场营销 | 1,022 | 873 | 1,006 | 986 | 857 | 2,901 | 2,829 | |||||||||||||||||||||||||||
无形资产的摊销 | 1,264 | 1,341 | 1,507 | 1,569 | 1,631 | 4,112 | 5,407 | |||||||||||||||||||||||||||
联邦存款保险公司保险 | 435 | 245 | 512 | 495 | 470 | 1,192 | 1,363 | |||||||||||||||||||||||||||
通信 | 275 | 371 | 409 | 412 | 428 | 1,055 | 1,334 | |||||||||||||||||||||||||||
止赎资产,净额 | 43 | 136 | 47 | (35) | ) | 13 | 226 | 185 | ||||||||||||||||||||||||||
商誉减值 | — | — | — | — | 31,500 | — | 31,500 | |||||||||||||||||||||||||||
其他 | 2,191 | 1,519 | 1,156 | 2,822 | 1,875 | 4,866 | 5,901 | |||||||||||||||||||||||||||
非利息支出总额 | 29,778 | 28,670 | 27,700 | 31,915 | 59,939 | 86,148 | 117,978 | |||||||||||||||||||||||||||
所得税支出前的收入(亏损) | 20,824 | 22,197 | 27,475 | 20,789 | (17,552) | ) | 70,496 | (7,467) | ) | |||||||||||||||||||||||||
所得税支出 | 4,513 | 4,926 | 5,827 | 4,079 | 2,272 | 15,266 | 2,620 | |||||||||||||||||||||||||||
净收益(亏损) | $ | 16,311 | $ | 17,271 | $ | 21,648 | $ | 16,710 | $ | (19,824) | ) | $ | 55,230 | $ | (10,087) | ) | ||||||||||||||||||
普通股每股收益(亏损) | ||||||||||||||||||||||||||||||||||
基本 | $ | 1.03 | $ | 1.08 | $ | 1.35 | $ | 1.04 | $ | (1.23 | ) | $ | 3.47 | $ | (0.63 | ) | ||||||||||||||||||
稀释 | $ | 1.03 | $ | 1.08 | $ | 1.35 | $ | 1.04 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | ||||||||||||||||||
已发行基本普通股的加权平均值 | 15,841 | 15,987 | 15,991 | 16,074 | 16,099 | 15,939 | 16,112 | |||||||||||||||||||||||||||
加权平均摊薄后已发行普通股 | 15,863 | 16,012 | 16,021 | 16,092 | 16,099 | 15,963 | 16,112 | |||||||||||||||||||||||||||
每股普通股支付的股息 | $ | 0.2250 | $ | 0.2250 | $ | 0.2250 | $ | 0.2200 | $ | 0.2200 | $ | 0.6750 | $ | 0.6600 |
MIDWESTONE FINANCIAL GROUP, INC. AND SUBSIDIARIES
FINANCIAL STATISTICS
中西部一 金融集团公司和子公司
金融统计
As of or for the Three Months Ended | As of or for the Nine Months Ended | |||||||||||||||||||||||
(Dollars in thousands, except per share amounts) | September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||||
2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net interest income | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | ||||||||||||||
Noninterest income | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | |||||||||||||||||||
Total revenue, net of interest expense | 49,522 | 48,723 | 47,379 | 148,686 | 141,921 | |||||||||||||||||||
Credit loss (benefit) expense | (1,080 | ) | (2,144 | ) | 4,992 | (7,958 | ) | 31,410 | ||||||||||||||||
Noninterest expense | 29,778 | 28,670 | 59,939 | 86,148 | 117,978 | |||||||||||||||||||
Income (loss) before income tax expense | 20,824 | 22,197 | (17,552 | ) | 70,496 | (7,467 | ) | |||||||||||||||||
Income tax expense | 4,513 | 4,926 | 2,272 | 15,266 | 2,620 | |||||||||||||||||||
Net income (loss) | $ | 16,311 | $ | 17,271 | $ | (19,824 | ) | $ | 55,230 | $ | (10,087 | ) | ||||||||||||
Per Share Data: | ||||||||||||||||||||||||
Diluted earnings (loss) | $ | 1.03 | $ | 1.08 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | ||||||||||||
Book value | 33.71 | 33.22 | 31.00 | 33.71 | 31.00 | |||||||||||||||||||
Tangible book value(1) | 28.40 | 27.90 | 25.45 | 28.40 | 25.45 | |||||||||||||||||||
Ending Balance Sheet: | ||||||||||||||||||||||||
Total assets | $ | 5,875,423 | $ | 5,749,215 | $ | 5,330,708 | $ | 5,875,423 | $ | 5,330,708 | ||||||||||||||
Loans held for investment, net of unearned income | 3,268,644 | 3,330,156 | 3,537,432 | 3,268,644 | 3,537,432 | |||||||||||||||||||
Total securities held for investment | 2,136,902 | 2,072,452 | 1,366,344 | 2,136,902 | 1,366,344 | |||||||||||||||||||
Total deposits | 4,957,781 | 4,792,666 | 4,333,641 | 4,957,781 | 4,333,641 | |||||||||||||||||||
Short-term borrowings | 187,508 | 212,261 | 183,893 | 187,508 | 183,893 | |||||||||||||||||||
Long-term debt | 154,860 | 169,839 | 245,481 | 154,860 | 245,481 | |||||||||||||||||||
Total shareholders' equity | 530,264 | 530,293 | 499,081 | 530,264 | 499,081 | |||||||||||||||||||
Average Balance Sheet: | ||||||||||||||||||||||||
Average total assets | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | $ | 5,728,822 | $ | 5,027,692 | ||||||||||||||
Average total loans | 3,356,680 | 3,396,575 | 3,576,642 | 3,394,066 | 3,548,968 | |||||||||||||||||||
Average total deposits | 4,882,835 | 4,875,324 | 4,317,172 | 4,778,484 | 4,081,782 | |||||||||||||||||||
Financial Ratios: | ||||||||||||||||||||||||
Return on average assets | 1.11 | % | 1.18 | % | (1.48 | ) | % | 1.29 | % | (0.27 | ) | % | ||||||||||||
Return on average equity | 12.00 | % | 13.24 | % | (14.88 | ) | % | 14.03 | % | (2.60 | ) | % | ||||||||||||
Return on average tangible equity(1) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % | ||||||||||||||
Efficiency ratio(1) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % | ||||||||||||||
Net interest margin, tax equivalent(1) | 3.00 | % | 2.88 | % | 3.14 | % | 2.99 | % | 3.36 | % | ||||||||||||||
Loans to deposits ratio | 65.93 | % | 69.48 | % | 81.63 | % | 65.93 | % | 81.63 | % | ||||||||||||||
Common equity ratio | 9.03 | % | 9.22 | % | 9.36 | % | 9.03 | % | 9.36 | % | ||||||||||||||
Tangible common equity ratio(1) | 7.71 | % | 7.86 | % | 7.82 | % | 7.71 | % | 7.82 | % | ||||||||||||||
Credit Risk Profile: | ||||||||||||||||||||||||
Total nonperforming loans | $ | 33,708 | $ | 41,429 | $ | 41,664 | $ | 33,708 | $ | 41,664 | ||||||||||||||
Nonperforming loans ratio | 1.03 | % | 1.24 | % | 1.18 | % | 1.03 | % | 1.18 | % | ||||||||||||||
Total nonperforming assets | $ | 34,162 | $ | 42,184 | $ | 42,388 | $ | 34,162 | $ | 42,388 | ||||||||||||||
Nonperforming assets ratio | 0.58 | % | 0.73 | % | 0.80 | % | 0.58 | % | 0.80 | % | ||||||||||||||
Net (recoveries) charge-offs | $ | (880 | ) | $ | 406 | $ | 1,841 | $ | (158 | ) | $ | 4,906 | ||||||||||||
Net (recovery) charge-off ratio | (0.10 | ) | % | 0.05 | % | 0.20 | % | (0.01 | ) | % | 0.18 | % | ||||||||||||
Allowance for credit losses | $ | 47,900 | $ | 48,000 | $ | 58,500 | $ | 47,900 | $ | 58,500 | ||||||||||||||
Allowance for credit losses ratio | 1.47 | % | 1.44 | % | 1.65 | % | 1.47 | % | 1.65 | % | ||||||||||||||
Adjusted allowance for credit losses ratio(1) | 1.51 | % | 1.53 | % | 1.82 | % | 1.51 | % | 1.82 | % | ||||||||||||||
PPP Loans: | ||||||||||||||||||||||||
Average PPP loans | $ | 143,628 | $ | 233,982 | $ | 330,969 | $ | 160,708 | $ | 146,607 | ||||||||||||||
Fee Income | 3,593 | 2,469 | 1,312 | 9,735 | 2,374 | |||||||||||||||||||
(1) Non-GAAP measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. |
截至或在已结束的三个月内 | 截至或在已结束的九个月内 | |||||||||||||||||||||||
(千美元,每股金额除外) | 9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||
2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
收益: | ||||||||||||||||||||||||
净利息收入 | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | ||||||||||||||
非利息收入 | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | |||||||||||||||||||
扣除利息支出后的总收入 | 49,522 | 48,723 | 47,379 | 148,686 | 141,921 | |||||||||||||||||||
信用损失(福利)费用 | (1,080) | ) | (2,144 | ) | 4,992 | (7,958 | ) | 31,410 | ||||||||||||||||
非利息支出 | 29,778 | 28,670 | 59,939 | 86,148 | 117,978 | |||||||||||||||||||
所得税支出前的收入(亏损) | 20,824 | 22,197 | (17,552) | ) | 70,496 | (7,467) | ) | |||||||||||||||||
所得税支出 | 4,513 | 4,926 | 2,272 | 15,266 | 2,620 | |||||||||||||||||||
净收益(亏损) | $ | 16,311 | $ | 17,271 | $ | (19,824) | ) | $ | 55,230 | $ | (10,087) | ) | ||||||||||||
每股数据: | ||||||||||||||||||||||||
摊薄后收益(亏损) | $ | 1.03 | $ | 1.08 | $ | (1.23 | ) | $ | 3.46 | $ | (0.63 | ) | ||||||||||||
账面价值 | 33.71 | 33.22 | 31.00 | 33.71 | 31.00 | |||||||||||||||||||
有形账面价值(1) | 28.40 | 27.90 | 25.45 | 28.40 | 25.45 | |||||||||||||||||||
期末资产负债表: | ||||||||||||||||||||||||
总资产 | $ | 5,875,423 | $ | 5,749,215 | $ | 5,330,708 | $ | 5,875,423 | $ | 5,330,708 | ||||||||||||||
持有的用于投资的贷款,扣除未赚取的收入 | 3,268,644 | 3,330,156 | 3,537,432 | 3,268,644 | 3,537,432 | |||||||||||||||||||
持有的用于投资的证券总额 | 2,136,902 | 2,072,452 | 1,366,344 | 2,136,902 | 1,366,344 | |||||||||||||||||||
存款总额 | 4,957,781 | 4,792,666 | 4,333,641 | 4,957,781 | 4,333,641 | |||||||||||||||||||
短期借款 | 187,508 | 212,261 | 183,893 | 187,508 | 183,893 | |||||||||||||||||||
长期债务 | 154,860 | 169,839 | 245,481 | 154,860 | 245,481 | |||||||||||||||||||
股东权益总额 | 530,264 | 530,293 | 499,081 | 530,264 | 499,081 | |||||||||||||||||||
平均资产负债表: | ||||||||||||||||||||||||
平均总资产 | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | $ | 5,728,822 | $ | 5,027,692 | ||||||||||||||
平均贷款总额 | 3,356,680 | 3,396,575 | 3,576,642 | 3,394,066 | 3,548,968 | |||||||||||||||||||
平均存款总额 | 4,882,835 | 4,875,324 | 4,317,172 | 4,778,484 | 4,081,782 | |||||||||||||||||||
财务比率: | ||||||||||||||||||||||||
平均资产回报率 | 1.11 | % | 1.18 | % | (1.48) | ) | % | 1.29 | % | (0.27) | ) | % | ||||||||||||
平均净资产回报率 | 12.00 | % | 13.24 | % | (14.88) | ) | % | 14.03 | % | (2.60) | ) | % | ||||||||||||
平均有形资产回报率(1) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % | ||||||||||||||
效率比(1) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % | ||||||||||||||
净利率,等值税(1) | 3.00 | % | 2.88 | % | 3.14 | % | 2.99 | % | 3.36 | % | ||||||||||||||
贷款与存款的比率 | 65.93 | % | 69.48 | % | 81.63 | % | 65.93 | % | 81.63 | % | ||||||||||||||
普通股权比率 | 9.03 | % | 9.22 | % | 9.36 | % | 9.03 | % | 9.36 | % | ||||||||||||||
有形普通股权比率(1) | 7.71 | % | 7.86 | % | 7.82 | % | 7.71 | % | 7.82 | % | ||||||||||||||
信用风险概况: | ||||||||||||||||||||||||
不良贷款总额 | $ | 33,708 | $ | 41,429 | $ | 41,664 | $ | 33,708 | $ | 41,664 | ||||||||||||||
不良贷款比率 | 1.03 | % | 1.24 | % | 1.18 | % | 1.03 | % | 1.18 | % | ||||||||||||||
不良资产总额 | $ | 34,162 | $ | 42,184 | $ | 42,388 | $ | 34,162 | $ | 42,388 | ||||||||||||||
不良资产比率 | 0.58 | % | 0.73 | % | 0.80 | % | 0.58 | % | 0.80 | % | ||||||||||||||
净额(收回额)扣除 | $ | (880 | ) | $ | 406 | $ | 1,841 | $ | (158 | ) | $ | 4,906 | ||||||||||||
净(回收)扣除率 | (0.10) | ) | % | 0.05 | % | 0.20 | % | (0.01 | ) | % | 0.18 | % | ||||||||||||
信用损失备抵金 | $ | 47,900 | $ | 48,000 | $ | 58,500 | $ | 47,900 | $ | 58,500 | ||||||||||||||
信贷损失备抵率 | 1.47 | % | 1.44 | % | 1.65 | % | 1.47 | % | 1.65 | % | ||||||||||||||
调整后的信用损失备抵率(1) | 1.51 | % | 1.53 | % | 1.82 | % | 1.51 | % | 1.82 | % | ||||||||||||||
PPP 贷款: | ||||||||||||||||||||||||
平均购买力平价贷款 | $ | 143,628 | $ | 233,982 | $ | 330,969 | $ | 160,708 | $ | 146,607 | ||||||||||||||
费用收入 | 3,593 | 2469 | 1,312 | 9,735 | 2,374 | |||||||||||||||||||
(1) 非公认会计准则衡量标准。请参阅 非公认会计准则指标 部分介绍与最直接可比的 GAAP 衡量标准的对账情况。 |
MIDWESTONE FINANCIAL GROUP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET AND YIELD ANALYSIS
中西部一 金融集团公司和子公司
平均资产负债表和收益率分析
Three Months Ended | ||||||||||||||||||||||||||||||||
September 30, 2021 | June 30, 2021 | September 30, 2020 | ||||||||||||||||||||||||||||||
(Dollars in thousands) |
Average Balance |
Interest Income/ Expense |
Average Yield/ Cost |
Average Balance |
Interest Income/ Expense |
Average Yield/ Cost |
Average Balance |
Interest Income/ Expense |
Average Yield/ Cost |
|||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||
Loans, including fees (1)(2)(3) | $ | 3,356,680 | $ | 36,622 | 4.33 | % | $ | 3,396,575 | $ | 35,255 | 4.16 | % | $ | 3,576,642 | $ | 38,727 | 4.31 | % | ||||||||||||||
Taxable investment securities | 1,628,605 | 6,655 | 1.62 | % | 1,604,463 | 6,483 | 1.62 | % | 864,864 | 4,574 | 2.10 | % | ||||||||||||||||||||
Tax-exempt investment securities (2)(4) | 459,717 | 3,043 | 2.63 | % | 473,181 | 3,196 | 2.71 | % | 405,517 | 2,968 | 2.91 | % | ||||||||||||||||||||
Total securities held for investment(2) | 2,088,322 | 9,698 | 1.84 | % | 2,077,644 | 9,679 | 1.87 | % | 1,270,381 | 7,542 | 2.36 | % | ||||||||||||||||||||
Other | 44,915 | 21 | 0.19 | % | 48,208 | 19 | 0.16 | % | 88,152 | 29 | 0.13 | % | ||||||||||||||||||||
Total interest earning assets(2) | $ | 5,489,917 | 46,341 | 3.35 | % | $ | 5,522,427 | 44,953 | 3.26 | % | $ | 4,935,175 | 46,298 | 3.73 | % | |||||||||||||||||
Other assets | 321,311 | 329,309 | 376,211 | |||||||||||||||||||||||||||||
Total assets | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | ||||||||||||||||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||||||||||||||||
Interest checking deposits | $ | 1,434,560 | $ | 1,056 | 0.29 | % | $ | 1,469,853 | $ | 1,095 | 0.30 | % | $ | 1,174,033 | $ | 1,049 | 0.36 | % | ||||||||||||||
Money market deposits | 955,174 | 506 | 0.21 | % | 942,072 | 502 | 0.21 | % | 847,059 | 622 | 0.29 | % | ||||||||||||||||||||
Savings deposits | 606,449 | 316 | 0.21 | % | 595,150 | 324 | 0.22 | % | 473,000 | 351 | 0.30 | % | ||||||||||||||||||||
Time deposits | 890,866 | 1,272 | 0.57 | % | 896,169 | 1,488 | 0.67 | % | 931,655 | 3,274 | 1.40 | % | ||||||||||||||||||||
Total interest bearing deposits | 3,887,049 | 3,150 | 0.32 | % | 3,903,244 | 3,409 | 0.35 | % | 3,425,747 | 5,296 | 0.62 | % | ||||||||||||||||||||
Short-term borrowings | 182,484 | 132 | 0.29 | % | 218,491 | 161 | 0.30 | % | 165,840 | 175 | 0.42 | % | ||||||||||||||||||||
Long-term debt | 163,817 | 1,597 | 3.87 | % | 189,644 | 1,712 | 3.62 | % | 231,406 | 1,874 | 3.22 | % | ||||||||||||||||||||
Total borrowed funds | 346,301 | 1,729 | 1.98 | % | 408,135 | 1,873 | 1.84 | % | 397,246 | 2,049 | 2.05 | % | ||||||||||||||||||||
Total interest bearing liabilities | $ | 4,233,350 | $ | 4,879 | 0.46 | % | $ | 4,311,379 | $ | 5,282 | 0.49 | % | $ | 3,822,993 | $ | 7,345 | 0.76 | % | ||||||||||||||
Noninterest bearing deposits | 995,786 | 972,080 | 891,425 | |||||||||||||||||||||||||||||
Other liabilities | 43,040 | 45,035 | 67,111 | |||||||||||||||||||||||||||||
Shareholders' equity | 539,052 | 523,242 | 529,857 | |||||||||||||||||||||||||||||
Total liabilities and shareholders' equity | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | ||||||||||||||||||||||||||
Net interest income(2) | $ | 41,462 | $ | 39,671 | $ | 38,953 | ||||||||||||||||||||||||||
Net interest spread(2) | 2.89 | % | 2.77 | % | 2.97 | % | ||||||||||||||||||||||||||
Net interest margin(2) | 3.00 | % | 2.88 | % | 3.14 | % | ||||||||||||||||||||||||||
Total deposits(5) | $ | 4,882,835 | $ | 3,150 | 0.26 | % | $ | 4,875,324 | $ | 3,409 | 0.28 | % | $ | 4,317,172 | $ | 5,296 | 0.49 | % | ||||||||||||||
Cost of funds(6) | 0.37 | % | 0.40 | % | 0.62 | % |
三个月已结束 | ||||||||||||||||||||||||||||||||
2021年9月30日 | 2021年6月30日 | 2020年9月30日 | ||||||||||||||||||||||||||||||
(千美元) | 平均值 平衡 |
利息 收入/ 费用 |
平均值 收益率/ 成本 |
平均值 平衡 |
利息 收入/ 费用 |
平均值 收益率/ 成本 |
平均余额 | 利息 收入/ 费用 |
平均值 收益率/ 成本 |
|||||||||||||||||||||||
资产 | ||||||||||||||||||||||||||||||||
贷款,包括费用 (1) (2) (3) | $ | 3,356,680 | $ | 36,622 | 4.33 | % | $ | 3,396,575 | $ | 35,255 | 4.16 | % | $ | 3,576,642 | $ | 38,727 | 4.31 | % | ||||||||||||||
应税投资证券 | 1,628,605 | 6,655 | 1.62 | % | 1,604,463 | 6,483 | 1.62 | % | 864,864 | 4,574 | 2.10 | % | ||||||||||||||||||||
免税投资证券 (2) (4) | 459,717 | 3,043 | 2.63 | % | 473,181 | 3,196 | 2.71 | % | 405,517 | 2,968 | 2.91 | % | ||||||||||||||||||||
持有的用于投资的证券总额(2) | 2,088,322 | 9,698 | 1.84 | % | 2,077,644 | 9,679 | 1.87 | % | 1,270,381 | 7,542 | 2.36 | % | ||||||||||||||||||||
其他 | 44,915 | 21 | 0.19 | % | 48,208 | 19 | 0.16 | % | 88,152 | 29 | 0.13 | % | ||||||||||||||||||||
赚取利息的资产总额(2) | $ | 5,489,917 | 46,341 | 3.35 | % | $ | 5,522,427 | 44,953 | 3.26 | % | $ | 4,935,175 | 46,298 | 3.73 | % | |||||||||||||||||
其他资产 | 321,311 | 329,309 | 376,211 | |||||||||||||||||||||||||||||
总资产 | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | ||||||||||||||||||||||||||
负债和股东权益 | ||||||||||||||||||||||||||||||||
利息支票存款 | $ | 1,434,560 | $ | 1,056 | 0.29 | % | $ | 1,469,853 | $ | 1,095 | 0.30 | % | $ | 1,174,033 | $ | 1,049 | 0.36 | % | ||||||||||||||
货币市场存款 | 955,174 | 506 | 0.21 | % | 942,072 | 502 | 0.21 | % | 847,059 | 622 | 0.29 | % | ||||||||||||||||||||
储蓄存款 | 606,449 | 316 | 0.21 | % | 595,150 | 324 | 0.22 | % | 47,000 | 351 | 0.30 | % | ||||||||||||||||||||
定期存款 | 890,866 | 1,272 | 0.57 | % | 896,169 | 1,488 | 0.67 | % | 931,655 | 3,274 | 1.40 | % | ||||||||||||||||||||
计息存款总额 | 3,887,049 | 3,150 | 0.32 | % | 3,903,244 | 3,409 | 0.35 | % | 3,425,747 | 5,296 | 0.62 | % | ||||||||||||||||||||
短期借款 | 182,484 | 132 | 0.29 | % | 218,491 | 161 | 0.30 | % | 165,840 | 175 | 0.42 | % | ||||||||||||||||||||
长期债务 | 163,817 | 1,597 | 3.87 | % | 189,644 | 1,712 | 3.62 | % | 231,406 | 1,874 | 3.22 | % | ||||||||||||||||||||
借入资金总额 | 346,301 | 1,729 | 1.98 | % | 408,135 | 1,873 | 1.84 | % | 397,246 | 2,049 | 2.05 | % | ||||||||||||||||||||
计息负债总额 | $ | 4,233,350 | $ | 4,879 | 0.46 | % | $ | 4,311,379 | $ | 5,282 | 0.49 | % | $ | 3,822,993 | $ | 7,345 | 0.76 | % | ||||||||||||||
无息存款 | 995,786 | 972,080 | 891,425 | |||||||||||||||||||||||||||||
其他负债 | 43,040 | 45,035 | 67111 | |||||||||||||||||||||||||||||
股东权益 | 539,052 | 523,242 | 529,857 | |||||||||||||||||||||||||||||
负债和股东权益总额 | $ | 5,811,228 | $ | 5,851,736 | $ | 5,311,386 | ||||||||||||||||||||||||||
净利息收入(2) | $ | 41,462 | $ | 39,671 | $ | 38,953 | ||||||||||||||||||||||||||
净利差(2) | 2.89 | % | 2.77 | % | 2.97 | % | ||||||||||||||||||||||||||
净利率(2) | 3.00 | % | 2.88 | % | 3.14 | % | ||||||||||||||||||||||||||
存款总额(5) | $ | 4,882,835 | $ | 3,150 | 0.26 | % | $ | 4,875,324 | $ | 3,409 | 0.28 | % | $ | 4,317,172 | $ | 5,296 | 0.49 | % | ||||||||||||||
资金成本(6) | 0.37 | % | 0.40 | % | 0.62 | % |
(1) Average balance includes nonaccrual loans.
(2) Tax equivalent. The federal statutory tax rate utilized was 21%.
(3) Interest income includes net loan fees, loan purchase discount accretion and tax equivalent adjustments. Net loan fees were $3.5 million, $2.3 million, and $1.1 million for the three months ended September 30, 2021, June 30, 2021, and September 30, 2020, respectively. Loan purchase discount accretion was $774 thousand, $873 thousand, and $1.9 million for the three months ended September 30, 2021, June 30, 2021, and September 30, 2020, respectively. Tax equivalent adjustments were $507 thousand, $519 thousand, and $536 thousand for the three months ended September 30, 2021, June 30, 2021, and September 30, 2020, respectively. The federal statutory tax rate utilized was 21%.
(4) Interest income includes tax equivalent adjustments of $615 thousand, $647 thousand, and $608 thousand for the three months ended September 30, 2021, June 30, 2021, and September 30, 2020, respectively. The federal statutory tax rate utilized was 21%.
(5) Total deposits is the sum of total interest-bearing deposits and noninterest bearing deposits. The cost of total deposits is calculated as annualized interest expense on deposits divided by average total deposits.
(6) Cost of funds is calculated as annualized total interest expense divided by the sum of average total deposits and borrowed funds.
(1) 平均余额包括非应计贷款。
(2) 等值税。使用的联邦法定税率为21%。
(3) 利息收入包括净贷款费用、贷款购买折扣增值和税收等值调整。截至2021年9月30日、2021年6月30日和2020年9月30日的三个月,净贷款费用分别为350万美元、230万美元和110万美元。在截至2021年9月30日、2021年6月30日和2020年9月30日的三个月中,贷款购买折扣增幅分别为77.4万美元、8.73万美元和190万美元。截至2021年9月30日、2021年6月30日和2020年9月30日的三个月,税收等值调整分别为50.7万美元、51.9万美元和53.6万美元。使用的联邦法定税率为21%。
(4) 利息收入包括截至2021年9月30日、2021年6月30日和2020年9月30日的三个月中分别为61.5万美元、64.7万美元和60.8万美元的等值税额调整。使用的联邦法定税率为21%。
(5) 存款总额是计息存款和非计息存款总额的总和。总存款成本的计算方法是存款的年化利息支出除以平均存款总额。
(6) 资金成本的计算方法为年化总利息支出除以平均存款总额和借入资金之和。
MIDWESTONE FINANCIAL GROUP, INC. AND SUBSIDIARIES
AVERAGE BALANCE SHEET AND YIELD ANALYSIS
中西部一 金融集团公司和子公司
平均资产负债表和收益率分析
Nine Months Ended | |||||||||||||||||||||
September 30, 2021 | September 30, 2020 | ||||||||||||||||||||
(Dollars in thousands) |
Average Balance |
Interest Income/ Expense |
Average Yield/ Cost |
Average Balance |
Interest Income/ Expense |
Average Yield/ Cost |
|||||||||||||||
ASSETS | |||||||||||||||||||||
Loans, including fees (1)(2)(3) | $ | 3,394,066 | $ | 108,950 | 4.29 | % | $ | 3,548,968 | $ | 121,957 | 4.59 | % | |||||||||
Taxable investment securities | 1,501,252 | 18,231 | 1.62 | % | 721,266 | 12,937 | 2.40 | % | |||||||||||||
Tax-exempt investment securities (2)(4) | 466,209 | 9,442 | 2.71 | % | 305,514 | 7,215 | 3.15 | % | |||||||||||||
Total securities held for investment(2) | 1,967,461 | 27,673 | 1.88 | % | 1,026,780 | 20,152 | 2.62 | % | |||||||||||||
Other | 43,250 | 54 | 0.17 | % | 70,983 | 233 | 0.44 | % | |||||||||||||
Total interest earning assets(2) | $ | 5,404,777 | 136,677 | 3.38 | % | $ | 4,646,731 | 142,342 | 4.09 | % | |||||||||||
Other assets | 324,045 | 380,961 | |||||||||||||||||||
Total assets | $ | 5,728,822 | $ | 5,027,692 | |||||||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Interest checking deposits | $ | 1,418,339 | $ | 3,142 | 0.30 | % | $ | 1,052,816 | $ | 3,477 | 0.44 | % | |||||||||
Money market deposits | 936,932 | 1,486 | 0.21 | % | 814,669 | 3,152 | 0.52 | % | |||||||||||||
Savings deposits | 585,334 | 926 | 0.21 | % | 435,612 | 1,107 | 0.34 | % | |||||||||||||
Time deposits | 875,027 | 4,613 | 0.70 | % | 973,044 | 11,918 | 1.64 | % | |||||||||||||
Total interest bearing deposits | 3,815,632 | 10,167 | 0.36 | % | 3,276,141 | 19,654 | 0.80 | % | |||||||||||||
Short-term borrowings | 192,083 | 421 | 0.29 | % | 149,041 | 772 | 0.69 | % | |||||||||||||
Long-term debt | 186,323 | 5,160 | 3.70 | % | 219,455 | 4,964 | 3.02 | % | |||||||||||||
Total borrowed funds | 378,406 | 5,581 | 1.97 | % | 368,496 | 5,736 | 2.08 | % | |||||||||||||
Total interest bearing liabilities | $ | 4,194,038 | $ | 15,748 | 0.50 | % | $ | 3,644,637 | $ | 25,390 | 0.93 | % | |||||||||
Noninterest bearing deposits | 962,852 | 805,641 | |||||||||||||||||||
Other liabilities | 45,671 | 58,618 | |||||||||||||||||||
Shareholders' equity | 526,261 | 518,796 | |||||||||||||||||||
Total liabilities and shareholders' equity | $ | 5,728,822 | $ | 5,027,692 | |||||||||||||||||
Net interest income(2) | $ | 120,929 | $ | 116,952 | |||||||||||||||||
Net interest spread(2) | 2.88 | % | 3.16 | % | |||||||||||||||||
Net interest margin(2) | 2.99 | % | 3.36 | % | |||||||||||||||||
Total deposits(5) | $ | 4,778,484 | $ | 10,167 | 0.28 | % | $ | 4,081,782 | $ | 19,654 | 0.64 | % | |||||||||
Cost of funds(6) | 0.41 | % | 0.76 | % |
九个月已结束 | |||||||||||||||||||||
2021年9月30日 | 2020年9月30日 | ||||||||||||||||||||
(千美元) | 平均值 平衡 |
利息 收入/ 费用 |
平均值 收益率/ 成本 |
平均值 平衡 |
利息 收入/ 费用 |
平均值 收益率/ 成本 |
|||||||||||||||
资产 | |||||||||||||||||||||
贷款,包括费用 (1) (2) (3) | $ | 3,394,066 | $ | 108,950 | 4.29 | % | $ | 3,548,968 | $ | 121,957 | 4.59 | % | |||||||||
应税投资证券 | 1,501,252 | 18,231 | 1.62 | % | 721,266 | 12,937 | 2.40 | % | |||||||||||||
免税投资证券 (2) (4) | 466,209 | 9,442 | 2.71 | % | 305,514 | 7,215 | 3.15 | % | |||||||||||||
持有的用于投资的证券总额(2) | 1,967,461 | 27,673 | 1.88 | % | 1,026,780 | 20,152 | 2.62 | % | |||||||||||||
其他 | 43,250 | 54 | 0.17 | % | 70,983 | 233 | 0.44 | % | |||||||||||||
赚取利息的资产总额(2) | $ | 5,404,777 | 136,677 | 3.38 | % | $ | 4,646,731 | 142,342 | 4.09 | % | |||||||||||
其他资产 | 324,045 | 380,961 | |||||||||||||||||||
总资产 | $ | 5,728,822 | $ | 5,027,692 | |||||||||||||||||
负债和股东权益 | |||||||||||||||||||||
利息支票存款 | $ | 1,418,339 | $ | 3,142 | 0.30 | % | $ | 1,052,816 | $ | 3,477 | 0.44 | % | |||||||||
货币市场存款 | 936,932 | 1,486 | 0.21 | % | 814,669 | 3,152 | 0.52 | % | |||||||||||||
储蓄存款 | 585,334 | 926 | 0.21 | % | 435,612 | 1,107 | 0.34 | % | |||||||||||||
定期存款 | 875,027 | 4,613 | 0.70 | % | 973,044 | 11,918 | 1.64 | % | |||||||||||||
计息存款总额 | 3,815,632 | 10,167 | 0.36 | % | 3,276,141 | 19,654 | 0.80 | % | |||||||||||||
短期借款 | 192,083 | 421 | 0.29 | % | 149,041 | 772 | 0.69 | % | |||||||||||||
长期债务 | 186,323 | 5,160 | 3.70 | % | 219,455 | 4,964 | 3.02 | % | |||||||||||||
借入资金总额 | 378,406 | 5,581 | 1.97 | % | 368,496 | 5,736 | 2.08 | % | |||||||||||||
计息负债总额 | $ | 4,194,038 | $ | 15,748 | 0.50 | % | $ | 3,644,637 | $ | 25,390 | 0.93 | % | |||||||||
无息存款 | 962,852 | 805,641 | |||||||||||||||||||
其他负债 | 45,671 | 58,618 | |||||||||||||||||||
股东权益 | 526,261 | 518,796 | |||||||||||||||||||
负债和股东权益总额 | $ | 5,728,822 | $ | 5,027,692 | |||||||||||||||||
净利息收入(2) | $ | 120,929 | $ | 116,952 | |||||||||||||||||
净利差(2) | 2.88 | % | 3.16 | % | |||||||||||||||||
净利率(2) | 2.99 | % | 3.36 | % | |||||||||||||||||
存款总额(5) | $ | 4,778,484 | $ | 10,167 | 0.28 | % | $ | 4,081,782 | $ | 19,654 | 0.64 | % | |||||||||
资金成本(6) | 0.41 | % | 0.76 | % |
(1) Average balance includes nonaccrual loans.
(2) Tax equivalent. The federal statutory tax rate utilized was 21%.
(3) Interest income includes net loan fees, loan purchase discount accretion and tax equivalent adjustments. Net loan fees were $9.3 million and $1.8 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. Loan purchase discount accretion was $2.7 million and $7.6 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. Tax equivalent adjustments were $1.6 million and $1.5 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. The federal statutory tax rate utilized was 21%.
(4) Interest income includes tax equivalent adjustments of $1.9 million and $1.5 million for the nine months ended September 30, 2021 and September 30, 2020, respectively. The federal statutory tax rate utilized was 21%.
(5) Total deposits is the sum of total interest-bearing deposits and noninterest bearing deposits. The cost of total deposits is calculated as annualized interest expense on deposits divided by average total deposits.
(6) Cost of funds is calculated as annualized total interest expense divided by the sum of average total deposits and borrowed funds.
(1) 平均余额包括非应计贷款。
(2) 等值税。使用的联邦法定税率为21%。
(3) 利息收入包括净贷款费用、贷款购买折扣增值和税收等值调整。截至2021年9月30日和2020年9月30日的九个月中,净贷款费用分别为930万美元和180万美元。在截至2021年9月30日和2020年9月30日的九个月中,贷款购买折扣增幅分别为270万美元和760万美元。截至2021年9月30日和2020年9月30日的九个月中,税收等值调整分别为160万美元和150万美元。使用的联邦法定税率为21%。
(4) 利息收入包括截至2021年9月30日和2020年9月30日的九个月中分别为190万美元和150万美元的等值税调整额。使用的联邦法定税率为21%。
(5) 存款总额是计息存款和非计息存款总额的总和。总存款成本的计算方法是存款的年化利息支出除以平均存款总额。
(6) 资金成本的计算方法为年化总利息支出除以平均存款总额和借入资金之和。
Non-GAAP Measures
非公认会计准则指标
This earnings release contains non-GAAP measures for tangible common equity, tangible book value per share, tangible common equity ratio, return on average tangible equity, net interest margin (tax equivalent), core net interest margin, loan yield (tax equivalent), core yield on loans, efficiency ratio, adjusted allowance for credit losses ratio, core loans, and core commercial loans. Management believes these measures provide investors with useful information regarding the Company's profitability, financial condition and capital adequacy, consistent with how management evaluates the Company's financial performance. The following tables provide a reconciliation of each non-GAAP measure to the most comparable GAAP measure.
本财报包含有形普通股、每股有形账面价值、有形普通股权益比率、平均有形资产回报率、净利率(等值税)、核心净利率、贷款收益率(等值税)、核心贷款收益率、效率比率、调整后的信用损失备抵率、核心贷款和核心商业贷款的非公认会计准则指标。管理层认为,这些措施为投资者提供了有关公司盈利能力、财务状况和资本充足率的有用信息,这与管理层评估公司财务业绩的方式一致。下表提供了每项非公认会计准则指标与最具可比性的公认会计准则指标的对账情况。
Tangible Common Equity/Tangible Book Value per Share/Tangible Common Equity Ratio |
|||||||||||||||||||||||||
(Dollars in thousands, except per share data) | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||||||||
Total shareholders' equity | $ | 530,264 | $ | 530,293 | $ | 511,320 | $ | 515,250 | $ | 499,081 | |||||||||||||||
Intangible assets, net | (83,607 | ) | (84,871 | ) | (86,212 | ) | (87,719 | ) | (89,288 | ) | |||||||||||||||
Tangible common equity | $ | 446,657 | $ | 445,422 | $ | 425,108 | $ | 427,531 | $ | 409,793 | |||||||||||||||
Total assets | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 | |||||||||||||||
Intangible assets, net | (83,607 | ) | (84,871 | ) | (86,212 | ) | (87,719 | ) | (89,288 | ) | |||||||||||||||
Tangible assets | $ | 5,791,816 | $ | 5,664,344 | $ | 5,651,100 | $ | 5,468,929 | $ | 5,241,420 | |||||||||||||||
Book value per share | $ | 33.71 | $ | 33.22 | $ | 32.00 | $ | 32.17 | $ | 31.00 | |||||||||||||||
Tangible book value per share(1) | $ | 28.40 | $ | 27.90 | $ | 26.60 | $ | 26.69 | $ | 25.45 | |||||||||||||||
Shares outstanding | 15,729,451 | 15,963,468 | 15,981,088 | 16,016,780 | 16,099,324 | ||||||||||||||||||||
Common equity ratio | 9.03 | % | 9.22 | % | 8.91 | % | 9.27 | % | 9.36 | % | |||||||||||||||
Tangible common equity ratio(2) | 7.71 | % | 7.86 | % | 7.52 | % | 7.82 | % | 7.82 | % |
有形普通股权/有形账面价值 每股/有形普通股权比率 |
|||||||||||||||||||||||||
(千美元,每股数据除外) | 9月30日 | 6月30日 | 3月31日 | 十二月三十一日 | 9月30日 | ||||||||||||||||||||
2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||||||||
股东权益总额 | $ | 530,264 | $ | 530,293 | $ | 511,320 | $ | 515,250 | $ | 499,081 | |||||||||||||||
无形资产,净额 | (83,607) | ) | (84,871) | ) | (86,212 | ) | (87,719) | ) | (89,288) | ) | |||||||||||||||
有形普通股 | $ | 446,657 | $ | 445,422 | $ | 425,108 | $ | 427,531 | $ | 409,793 | |||||||||||||||
总资产 | $ | 5,875,423 | $ | 5,749,215 | $ | 5,737,312 | $ | 5,556,648 | $ | 5,330,708 | |||||||||||||||
无形资产,净额 | (83,607) | ) | (84,871) | ) | (86,212 | ) | (87,719) | ) | (89,288) | ) | |||||||||||||||
有形资产 | $ | 5,791,816 | $ | 5,664,344 | $ | 5,651,100 | $ | 5,468,929 | $ | 5,241,420 | |||||||||||||||
每股账面价值 | $ | 33.71 | $ | 33.22 | $ | 32.00 | $ | 32.17 | $ | 31.00 | |||||||||||||||
每股有形账面价值(1) | $ | 28.40 | $ | 27.90 | $ | 26.60 | $ | 26.69 | $ | 25.45 | |||||||||||||||
已发行股票 | 15,729,451 | 15,963,468 | 15,981,088 | 16,016,780 | 16,099,324 | ||||||||||||||||||||
普通股权比率 | 9.03 | % | 9.22 | % | 8.91 | % | 9.27 | % | 9.36 | % | |||||||||||||||
有形普通股权比率(2) | 7.71 | % | 7.86 | % | 7.52 | % | 7.82 | % | 7.82 | % |
(1) Tangible common equity divided by shares outstanding.
(2) Tangible common equity divided by tangible assets.
(1) 有形普通股权除以已发行股份。
(2) 有形普通股权除以有形资产。
Return on Average Tangible Equity | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Net income (loss) | $ | 16,311 | $ | 17,271 | $ | (19,824 | ) | $ | 55,230 | $ | (10,087 | ) | |||||||||||||
Intangible amortization, net of tax(1) | 948 | 1,006 | 1,223 | 3,084 | 4,055 | ||||||||||||||||||||
Goodwill impairment | — | — | 31,500 | — | 31,500 | ||||||||||||||||||||
Tangible net income | $ | 17,259 | $ | 18,277 | $ | 12,899 | $ | 58,314 | $ | 25,468 | |||||||||||||||
Average shareholders' equity | $ | 539,052 | $ | 523,242 | $ | 529,857 | $ | 526,261 | $ | 518,796 | |||||||||||||||
Average intangible assets, net | (84,288 | ) | (85,518 | ) | (121,306 | ) | (85,579 | ) | (122,518 | ) | |||||||||||||||
Average tangible equity | $ | 454,764 | $ | 437,724 | $ | 408,551 | $ | 440,682 | $ | 396,278 | |||||||||||||||
Return on average equity | 12.00 | % | 13.24 | % | (14.88 | ) | % | 14.03 | % | (2.60 | ) | % | |||||||||||||
Return on average tangible equity(2) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % |
平均有形资产回报率 | 三个月已结束 | 九个月已结束 | |||||||||||||||||||||||
9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||||
(千美元) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
净收益(亏损) | $ | 16,311 | $ | 17,271 | $ | (19,824) | ) | $ | 55,230 | $ | (10,087) | ) | |||||||||||||
无形资产摊销,扣除税款(1) | 948 | 1,006 | 1,223 | 3,084 | 4,055 | ||||||||||||||||||||
商誉减值 | — | — | 31,500 | — | 31,500 | ||||||||||||||||||||
有形净收入 | $ | 17,259 | $ | 18,277 | $ | 12,899 | $ | 58,314 | $ | 25,468 | |||||||||||||||
平均股东权益 | $ | 539,052 | $ | 523,242 | $ | 529,857 | $ | 526,261 | $ | 518,796 | |||||||||||||||
平均无形资产,净额 | (84,288 | ) | (85,518) | ) | (121,306) | ) | (85,579 | ) | (122,518) | ) | |||||||||||||||
平均有形资产 | $ | 454,764 | $ | 437,724 | $ | 408,551 | $ | 440,682 | $ | 396,278 | |||||||||||||||
平均净资产回报率 | 12.00 | % | 13.24 | % | (14.88) | ) | % | 14.03 | % | (2.60) | ) | % | |||||||||||||
平均有形资产回报率(2) | 15.06 | % | 16.75 | % | 12.56 | % | 17.69 | % | 8.58 | % |
(1) The combined income tax rate utilized was 25%.
(2) Annualized tangible net income divided by average tangible equity.
(1) 使用的合并所得税税率为25%。
(2) 年化有形净收益除以平均有形权益。
Net Interest Margin, Tax Equivalent/ Core Net Interest Margin |
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Net interest income | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | |||||||||||||||
Tax equivalent adjustments: | |||||||||||||||||||||||||
Loans(1) | 507 | 519 | 536 | 1,557 | 1,540 | ||||||||||||||||||||
Securities(1) | 615 | 647 | 608 | 1,910 | 1,485 | ||||||||||||||||||||
Net interest income, tax equivalent | $ | 41,462 | $ | 39,671 | $ | 38,953 | $ | 120,929 | $ | 116,952 | |||||||||||||||
Loan purchase discount accretion | (774 | ) | (873 | ) | (1,923 | ) | (2,745 | ) | (7,556 | ) | |||||||||||||||
Core net interest income | $ | 40,688 | $ | 38,798 | $ | 37,030 | $ | 118,184 | $ | 109,396 | |||||||||||||||
Net interest margin | 2.92 | % | 2.80 | % | 3.05 | % | 2.91 | % | 3.27 | % | |||||||||||||||
Net interest margin, tax equivalent(2) | 3.00 | % | 2.88 | % | 3.14 | % | 2.99 | % | 3.36 | % | |||||||||||||||
Core net interest margin(3) | 2.94 | % | 2.82 | % | 2.99 | % | 2.92 | % | 3.14 | % | |||||||||||||||
Average interest earning assets | $ | 5,489,917 | $ | 5,522,427 | $ | 4,935,175 | $ | 5,404,777 | $ | 4,646,731 |
净利息率,税收等价物/ 核心净利率 |
三个月已结束 | 九个月已结束 | |||||||||||||||||||||||
9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||||
(千美元) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
净利息收入 | $ | 40,340 | $ | 38,505 | $ | 37,809 | $ | 117,462 | $ | 113,927 | |||||||||||||||
税收等值调整: | |||||||||||||||||||||||||
贷款(1) | 507 | 519 | 536 | 1,557 | 1,540 | ||||||||||||||||||||
证券(1) | 615 | 647 | 608 | 1,910 | 1,485 | ||||||||||||||||||||
净利息收入,等值税款 | $ | 41,462 | $ | 39,671 | $ | 38,953 | $ | 120,929 | $ | 116,952 | |||||||||||||||
贷款购买折扣增加 | (774 | ) | (873) | ) | (1,923 | ) | (2,745) | ) | (7,556 | ) | |||||||||||||||
核心净利息收入 | $ | 40,688 | $ | 38,798 | $ | 37,030 | $ | 118,184 | $ | 109,396 | |||||||||||||||
净利率 | 2.92 | % | 2.80 | % | 3.05 | % | 2.91 | % | 3.27 | % | |||||||||||||||
净利率,等值税(2) | 3.00 | % | 2.88 | % | 3.14 | % | 2.99 | % | 3.36 | % | |||||||||||||||
核心净利率(3) | 2.94 | % | 2.82 | % | 2.99 | % | 2.92 | % | 3.14 | % | |||||||||||||||
平均利息收入资产 | $ | 5,489,917 | $ | 5,522,427 | $ | 4,935,175 | $ | 5,404,777 | $ | 4,646,731 |
(1) The federal statutory tax rate utilized was 21%.
(2) Annualized tax equivalent net interest income divided by average interest earning assets.
(3) Annualized core net interest income divided by average interest earning assets.
(1) 使用的联邦法定税率为21%。
(2) 年化税等值净利息收入除以平均利息收益资产。
(3) 年化核心净利息收入除以平均利息收益资产。
Loan Yield, Tax Equivalent / Core Yield on Loans | Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
September 30, | June 30, | September 30, | September 30, | September 30, | |||||||||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Loan interest income, including fees | $ | 36,115 | $ | 34,736 | $ | 38,191 | $ | 107,393 | $ | 120,417 | |||||||||||||||
Tax equivalent adjustment(1) | 507 | 519 | 536 | 1,557 | 1,540 | ||||||||||||||||||||
Tax equivalent loan interest income | $ | 36,622 | $ | 35,255 | $ | 38,727 | $ | 108,950 | $ | 121,957 | |||||||||||||||
Loan purchase discount accretion | (774 | ) | (873 | ) | (1,923 | ) | (2,745 | ) | (7,556 | ) | |||||||||||||||
Core loan interest income | $ | 35,848 | $ | 34,382 | $ | 36,804 | $ | 106,205 | $ | 114,401 | |||||||||||||||
Yield on loans | 4.27 | % | 4.10 | % | 4.25 | % | 4.23 | % | 4.53 | % | |||||||||||||||
Yield on loans, tax equivalent(2) | 4.33 | % | 4.16 | % | 4.31 | % | 4.29 | % | 4.59 | % | |||||||||||||||
Core yield on loans(3) | 4.24 | % | 4.06 | % | 4.09 | % | 4.18 | % | 4.31 | % | |||||||||||||||
Average loans | $ | 3,356,680 | $ | 3,396,575 | $ | 3,576,642 | $ | 3,394,066 | $ | 3,548,968 |
贷款收益率、税收等值/贷款核心收益率 | 三个月已结束 | 九个月已结束 | |||||||||||||||||||||||
9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | |||||||||||||||||||||
(千美元) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
贷款利息收入,包括费用 | $ | 36,115 | $ | 34,736 | $ | 38,191 | $ | 107,393 | $ | 120,417 | |||||||||||||||
等值税额调整(1) | 507 | 519 | 536 | 1,557 | 1,540 | ||||||||||||||||||||
等值税贷款利息收入 | $ | 36,622 | $ | 35,255 | $ | 38,727 | $ | 108,950 | $ | 121,957 | |||||||||||||||
贷款购买折扣增加 | (774 | ) | (873) | ) | (1,923 | ) | (2,745) | ) | (7,556 | ) | |||||||||||||||
核心贷款利息收入 | $ | 35,848 | $ | 34,382 | $ | 36,804 | $ | 106,205 | $ | 114,401 | |||||||||||||||
贷款收益率 | 4.27 | % | 4.10 | % | 4.25 | % | 4.23 | % | 4.53 | % | |||||||||||||||
贷款收益率,等值税(2) | 4.33 | % | 4.16 | % | 4.31 | % | 4.29 | % | 4.59 | % | |||||||||||||||
贷款的核心收益率(3) | 4.24 | % | 4.06 | % | 4.09 | % | 4.18 | % | 4.31 | % | |||||||||||||||
平均贷款 | $ | 3,356,680 | $ | 3,396,575 | $ | 3,576,642 | $ | 3,394,066 | $ | 3,548,968 |
(1) The federal statutory tax rate utilized was 21%.
(2) Annualized tax equivalent loan interest income divided by average loans.
(3) Annualized core loan interest income divided by average loans.
(1) 使用的联邦法定税率为21%。
(2) 年化等值税贷款利息收入除以平均贷款。
(3) 年化核心贷款利息收入除以平均贷款。
Three Months Ended | Nine Months Ended | ||||||||||||||||||||||||
Efficiency Ratio | September 30, | June 30, | September 30, | September 30, | September 30, | ||||||||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
Total noninterest expense | $ | 29,778 | $ | 28,670 | $ | 59,939 | $ | 86,148 | $ | 117,978 | |||||||||||||||
Amortization of intangibles | (1,264 | ) | (1,341 | ) | (1,631 | ) | (4,112 | ) | (5,407 | ) | |||||||||||||||
Merger-related expenses | — | — | — | — | (61 | ) | |||||||||||||||||||
Goodwill impairment | — | — | (31,500 | ) | — | (31,500 | ) | ||||||||||||||||||
Noninterest expense used for efficiency ratio | $ | 28,514 | $ | 27,329 | $ | 26,808 | $ | 82,036 | $ | 81,010 | |||||||||||||||
Net interest income, tax equivalent(1) | $ | 41,462 | $ | 39,671 | $ | 38,953 | $ | 120,929 | $ | 116,952 | |||||||||||||||
Noninterest income | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | ||||||||||||||||||||
Investment securities gains, net | (36 | ) | (42 | ) | (106 | ) | (105 | ) | (154 | ) | |||||||||||||||
Net revenues used for efficiency ratio | $ | 50,608 | $ | 49,847 | $ | 48,417 | $ | 152,048 | $ | 144,792 | |||||||||||||||
Efficiency ratio (2) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % |
三个月已结束 | 九个月已结束 | ||||||||||||||||||||||||
效率比 | 9月30日 | 6月30日 | 9月30日 | 9月30日 | 9月30日 | ||||||||||||||||||||
(千美元) | 2021 | 2021 | 2020 | 2021 | 2020 | ||||||||||||||||||||
非利息支出总额 | $ | 29,778 | $ | 28,670 | $ | 59,939 | $ | 86,148 | $ | 117,978 | |||||||||||||||
无形资产的摊销 | (1,264) | ) | (1,341 | ) | (1,631) | ) | (4,112) | ) | (5,407) | ) | |||||||||||||||
与合并相关的费用 | — | — | — | — | (61) | ) | |||||||||||||||||||
商誉减值 | — | — | (31,500 | ) | — | (31,500 | ) | ||||||||||||||||||
用于计算效率比率的非利息支出 | $ | 28,514 | $ | 27,329 | $ | 26,808 | $ | 82,036 | $ | 81,010 | |||||||||||||||
净利息收入,等值税款(1) | $ | 41,462 | $ | 39,671 | $ | 38,953 | $ | 120,929 | $ | 116,952 | |||||||||||||||
非利息收入 | 9,182 | 10,218 | 9,570 | 31,224 | 27,994 | ||||||||||||||||||||
投资证券收益,净额 | (36) | ) | (42) | ) | (106 | ) | (105 | ) | (154) | ) | |||||||||||||||
用于效率比率的净收入 | $ | 50,608 | $ | 49,847 | $ | 48,417 | $ | 152,048 | $ | 144,792 | |||||||||||||||
效率比 (2) | 56.34 | % | 54.83 | % | 55.37 | % | 53.95 | % | 55.95 | % |
(1) The federal statutory tax rate utilized was 21%.
(2) Noninterest expense adjusted for amortization of intangibles, merger-related expenses, and goodwill impairment divided by the sum of tax equivalent net interest income, noninterest income and net investment securities gains.
(1) 使用的联邦法定税率为21%。
(2) 经无形资产摊销、合并相关费用和商誉减值调整后的非利息支出除以等值税净利息收入、非利息收入和净投资证券收益之和。
Adjusted Allowance for Credit Losses Ratio | September 30, | June 30, | March 31, | December 31, | September 30, | ||||||||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2021 | 2020 | 2020 | ||||||||||||||||||||
Loans held for investment, net of unearned income | $ | 3,268,644 | $ | 3,330,156 | $ | 3,358,161 | $ | 3,482,223 | $ | 3,537,432 | |||||||||||||||
PPP loans | (89,354 | ) | (184,390 | ) | (248,682 | ) | (259,260 | ) | (331,703 | ) | |||||||||||||||
Core loans | $ | 3,179,290 | $ | 3,145,766 | $ | 3,109,479 | $ | 3,222,963 | $ | 3,205,729 | |||||||||||||||
Allowance for credit losses | $ | 47,900 | $ | 48,000 | $ | 50,650 | $ | 55,500 | $ | 58,500 | |||||||||||||||
Allowance for credit losses ratio | 1.47 | % | 1.44 | % | 1.51 | % | 1.59 | % | 1.65 | % | |||||||||||||||
Adjusted allowance for credit losses ratio(1) | 1.51 | % | 1.53 | % | 1.63 | % | 1.72 | % | 1.82 | % |
调整后的信用损失备抵率 | 9月30日 | 6月30日 | 3月31日 | 十二月三十一日 | 9月30日 | ||||||||||||||||||||
(千美元) | 2021 | 2021 | 2021 | 2020 | 2020 | ||||||||||||||||||||
持有的用于投资的贷款,扣除未赚取的收入 | $ | 3,268,644 | $ | 3,330,156 | $ | 3,358,161 | $ | 3,482,223 | $ | 3,537,432 | |||||||||||||||
PPP贷款 | (89,354) | ) | (184,390) | ) | (248,682) | ) | (259,260) | ) | (331,703) | ) | |||||||||||||||
核心贷款 | $ | 3,179,290 | $ | 3,145,766 | $ | 3,109,479 | $ | 3,222,963 | $ | 3,205,729 | |||||||||||||||
信用损失备抵金 | $ | 47,900 | $ | 48,000 | $ | 50,650 | $ | 55,500 | $ | 58,500 | |||||||||||||||
信贷损失备抵率 | 1.47 | % | 1.44 | % | 1.51 | % | 1.59 | % | 1.65 | % | |||||||||||||||
调整后的信用损失备抵率(1) | 1.51 | % | 1.53 | % | 1.63 | % | 1.72 | % | 1.82 | % |
(1) Allowance for credit losses divided by core loans.
(1) 信贷损失备抵除以核心贷款。
Core Loans/Core Commercial Loans | September 30, | June 30, | March 31, | December 31, | September 30, | |||||||||||||||
(Dollars in thousands) | 2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||
Commercial loans: | ||||||||||||||||||||
Commercial and industrial | $ | 927,258 | $ | 982,092 | $ | 993,770 | $ | 1,055,488 | $ | 1,103,102 | ||||||||||
Agricultural | 106,356 | 107,834 | 117,099 | 116,392 | 129,453 | |||||||||||||||
Commercial real estate | 1,699,358 | 1,705,789 | 1,693,592 | 1,732,361 | 1,707,035 | |||||||||||||||
Total commercial loans | $ | 2,732,972 | $ | 2,795,715 | $ | 2,804,461 | $ | 2,904,241 | $ | 2,939,590 | ||||||||||
Consumer loans: | ||||||||||||||||||||
Residential real estate | $ | 468,136 | $ | 468,581 | $ | 474,433 | $ | 499,106 | $ | 521,570 | ||||||||||
Other consumer | 67,536 | 65,860 | 79,267 | 78,876 | 76,272 | |||||||||||||||
Total consumer loans | $ | 535,672 | $ | 534,441 | $ | 553,700 | $ | 577,982 | $ | 597,842 | ||||||||||
Loans held for investment, net of unearned income | $ | 3,268,644 | $ | 3,330,156 | $ | 3,358,161 | $ | 3,482,223 | $ | 3,537,432 | ||||||||||
PPP loans | $ | 89,354 | $ | 184,390 | $ | 248,682 | $ | 259,260 | $ | 331,703 | ||||||||||
Core loans(1) | $ | 3,179,290 | $ | 3,145,766 | $ | 3,109,479 | $ | 3,222,963 | $ | 3,205,729 | ||||||||||
Core commercial loans(2) | $ | 2,643,618 | $ | 2,611,325 | $ | 2,555,779 | $ | 2,644,981 | $ | 2,607,887 |
核心贷款/核心商业贷款 | 9月30日 | 6月30日 | 3月31日 | 十二月三十一日 | 9月30日 | |||||||||||||||
(千美元) | 2021 | 2021 | 2021 | 2020 | 2020 | |||||||||||||||
商业贷款: | ||||||||||||||||||||
商业和工业 | $ | 927,258 | $ | 982,092 | $ | 993,770 | $ | 1,055,488 | $ | 1,103,102 | ||||||||||
农业 | 106,356 | 107,834 | 117,099 | 116,392 | 129,453 | |||||||||||||||
商业地产 | 1,699,358 | 1,705,789 | 1,693,592 | 1,732,361 | 1,707,035 | |||||||||||||||
商业贷款总额 | $ | 2,732,972 | $ | 2,795,715 | $ | 2,804,461 | $ | 2,904,241 | $ | 2,939,590 | ||||||||||
消费贷款: | ||||||||||||||||||||
住宅房地产 | $ | 468,136 | $ | 468,581 | $ | 474,433 | $ | 499,106 | $ | 521,570 | ||||||||||
其他消费者 | 67,536 | 65,860 | 79,267 | 78,876 | 76,272 | |||||||||||||||
消费贷款总额 | $ | 535,672 | $ | 534,441 | $ | 553,700 | $ | 577,982 | $ | 597,842 | ||||||||||
持有的用于投资的贷款,扣除未赚取的收入 | $ | 3,268,644 | $ | 3,330,156 | $ | 3,358,161 | $ | 3,482,223 | $ | 3,537,432 | ||||||||||
PPP贷款 | $ | 89,354 | $ | 184,390 | $ | 248,682 | $ | 259,260 | $ | 331,703 | ||||||||||
核心贷款(1) | $ | 3,179,290 | $ | 3,145,766 | $ | 3,109,479 | $ | 3,222,963 | $ | 3,205,729 | ||||||||||
核心商业贷款(2) | $ | 2,643,618 | $ | 2,611,325 | $ | 2,555,779 | $ | 2,644,981 | $ | 2,607,887 |
(1) Core loans are calculated as loans held for investment, net of unearned income less PPP loans.
(2) Core commercial loans are calculated as total commercial loans less PPP loans.
(1) 核心贷款按持有的用于投资的贷款计算,扣除未赚取的收入减去购买力平价贷款。
(2) 核心商业贷款按商业贷款总额减去购买力平价贷款计算。
Contact: | |||
Charles N. Funk | Barry S. Ray | ||
Chief Executive Officer | Senior Executive Vice President and Chief Financial Officer | ||
319.356.5800 | 319.356.5800 |
联系人: | |||
查尔斯·N·芬克 | 巴里·S·雷 | ||
首席执行官 | 高级执行副总裁兼首席财务官 | ||
319.356.5800 | 319.356.5800 |