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Elgin State Bank

Elgin, IA · Cert 10489

FDIC · 2 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=139 to 140). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

12

Q2 2024Q4 2024peer median (50)

Asset Quality

60

Q2 2024Q4 2024peer median (50)

Profitability

9

Q2 2024Q4 2024peer median (50)

Liquidity

45

Q2 2024Q4 2024peer median

Efficiency

2

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Elgin State Bank

Elgin, IA · Cert 10489

FDIC · 2 branches

Q4 2024

$29.5MAssets
$19.2MLoans
$28.6MDeposits
$838KEquity
Loan mix
73%RE $11.3M18%C&I $2.8M8%Consumer $1.3MQ1 2023Q4 2024
Deposit mix
65%Interest-bearing $18.5M35%Noninterest $10.1MQ1 2023Q4 2024

Executive Summary

  • Earnings: ROA of -0.49%, down 45 bps year over year; NIM at 2.46%.
  • Asset quality: problem loans at 0.00% of loans (-33 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 5.87%, down 60 bps from a year ago.
  • Funding: loans stand at 67.23% of deposits as of Q4 2024.

Return on Assets (YTD, annualized)

-0.49%-45 bps YoY

Net Interest Margin (YTD, annualized)

2.46%-42 bps YoY

Efficiency Ratio (YTD, annualized)

117.88%+1,367 bps YoY

Tier 1 Leverage Ratio

5.87%-60 bps YoY

NIM

3.29%Q4 ’223.82%Q4 ’234.17%Q4 ’24-5%-15%

Non-interest income vs. expense

2.99%Q4 ’223.16%Q4 ’233.08%Q4 ’24+6%-3%

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.03%1-0.04%0.00%-0.04%-0.35%-0.52%-0.53%-0.49%-45 bps
Return on Equity1.23%-1.54%-0.18%-1.54%-11.80%-17.78%-17.09%-16.04%-1,450 bps
Net Interest Margin3.09%3.05%2.98%2.88%2.60%2.54%2.57%2.46%-42 bps
Efficiency Ratio101.76%102.91%101.79%104.20%113.17%118.07%118.35%117.88%+1,367 bps
Non-Interest Burden3.15%3.15%3.03%3.00%2.97%3.03%3.07%2.92%-8 bps
Growth
Asset Growth (YoY)-6.94%-0.45%1.83%4.75%6.89%0.47%-1.73%-0.74%-549 bps
Loan Growth (YoY)12.96%14.31%3.73%1.62%1.87%1.11%0.52%1.00%-63 bps
Deposit Growth (YoY)-5.46%0.26%3.48%4.12%6.61%0.20%-3.21%-0.56%-468 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.33%0.33%0.33%0.33%0.27%0.00%0.00%-33 bps
Net Charge-Offs / Loans0.00%-0.01%-0.01%-0.01%0.00%0.00%0.10%0.13%+14 bps
Allowance / Loans0.82%0.83%0.83%0.83%0.83%0.82%0.78%0.72%-11 bps
Allowance Coverage of NPLsn/a2.5x2.5x2.5x2.5x3.0xn/an/an/a
Capital
Tier 1 Leverage Ratio6.79%6.80%6.63%6.47%6.34%6.23%6.20%5.87%-60 bps
Total Risk-Based Capital13.61%12.89%12.84%12.57%12.64%12.37%12.10%11.37%-120 bps
Equity / Assets2.92%2.80%2.28%3.05%2.88%2.92%3.62%2.84%-21 bps
Liquidity & Funding
Loans / Deposits68.56%68.65%67.89%66.19%65.52%69.27%70.51%67.23%+104 bps
Liquid Assets / Assets9.84%9.50%9.97%10.51%13.51%8.26%6.24%13.27%+276 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it. 1 One-time gains made up most of net income in the marked periods.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Elgin State Bank

Elgin, IA · Cert 10489 · Peer group: banks under $1B in assets in IA (n=139-140)

FDIC · 2 branches

Q4 2024

$29.5MAssets
$19.2MLoans
$28.6MDeposits
$838KEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 28 of 139).
  • Widest gap: equity / assets trails 100% of banks under $1B in assets in IA (rank 140 of 140).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-0.48%

Rank 137 of 140

Net Interest Margin

2.46%

Rank 105 of 140

Efficiency Ratio

117.88%

Rank 138 of 140

Equity / Assets

2.84%

Rank 140 of 140

Non-interest income vs. expense

$45K$910KINCOMEEXPENSE
Unfavorable gap of $865K · efficiency ratio beats 2% of banks under $1B in assets in IA
Bank 117.88%Peer median 66.0%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-0.48%0.55%0.83%1.06%Beats 2%137 / 140
Return on Equity-17.06%5.43%8.15%10.58%Beats 0%140 / 140
Net Interest Margin2.46%2.46%2.83%3.23%Beats 25%105 / 140
Efficiency Ratio117.88%56.60%66.03%75.05%Beats 2%138 / 140
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.22%0.77%Beats 100%28 / 139
Net Charge-Offs / Loans0.13%0.00%0.02%0.11%Beats 19%113 / 139
Capital
Tier 1 Capital Ratio10.53%11.02%13.00%14.97%Beats 16%118 / 140
Total Risk-Based Capital Ratio11.37%11.53%13.59%15.50%Beats 21%110 / 140
Equity / Assets2.84%8.42%9.90%11.95%Beats 0%140 / 140
Liquidity & Funding
Loans / Deposits67.23%67.33%81.12%89.96%24th pctl106 / 139
Loans / Assets65.04%57.35%68.52%74.70%43rd pctl79 / 139
Brokered Deposits / Depositsn/aNot reported for this institution