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State Bank of Townsend, The

Townsend, MT · Cert 1114

FDIC · 4 branches

Q4 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2018, the quarter ended December 31, 2018, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

State Bank of Townsend, The

Townsend, MT · Cert 1114

FDIC · 4 branches

Q4 2018

$107.0MAssets
$91.8MLoans
$92.7MDeposits
$12.3MEquity
Loan mix
73%RE $38.5M22%C&I $11.4M5%Consumer $2.6MQ4 2017Q4 2018
Deposit mix
66%Interest-bearing $61.3M34%Noninterest $31.4MQ4 2017Q4 2018

NIM

3.79%Q4 ’164.90%Q4 ’175.17%Q4 ’18+34%+5%

Non-interest income vs. expense

3.44%Q4 ’163.68%Q4 ’174.14%Q4 ’18+6%+14%

Executive Summary

  • Earnings: ROA of 0.74%, down 83 bps year over year; NIM at 4.92%.
  • Asset quality: problem loans at 1.69% of loans (+98 bps YoY), with net charge-offs at 0.39%.
  • Capital: tier 1 leverage ratio of 11.23%, down 17 bps from a year ago.
  • Funding: loans stand at 98.98% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

0.74%-83 bps YoY

Net Interest Margin (YTD, annualized)

4.92%+25 bps YoY

Efficiency Ratio (YTD, annualized)

74.34%+489 bps YoY

Tier 1 Leverage Ratio

11.23%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets1.57%0.84%0.98%1.03%0.74%-83 bps
Return on Equity14.28%7.29%8.37%8.67%6.27%-801 bps
Net Interest Margin4.67%4.44%4.68%4.77%4.92%+25 bps
Efficiency Ratio69.45%67.34%62.55%64.40%74.34%+489 bps
Non-Interest Burden3.04%2.76%2.68%2.81%3.48%+44 bps
Growth
Asset Growth (YoY)91.94%81.71%86.47%91.09%-5.31%-9,725 bps
Loan Growth (YoY)214%193.22%169.41%125.10%5.28%-20,880 bps
Deposit Growth (YoY)89.19%78.37%78.03%84.03%-6.39%-9,559 bps
Asset Quality
Nonperforming Loans / Loans0.71%1.25%1.09%1.98%1.69%+98 bps
Net Charge-Offs / Loans-0.01%0.00%0.43%0.29%0.39%+40 bps
Allowance / Loans0.65%0.76%0.63%0.82%0.65%0 bps
Allowance Coverage of NPLs0.9x0.6x0.6x0.4x0.4x-0.5x
Capital
Tier 1 Leverage Ratio11.40%11.33%11.65%11.99%11.23%-17 bps
Total Risk-Based Capital16.10%15.07%14.77%16.14%13.42%-268 bps
Equity / Assets11.55%11.60%11.86%12.32%11.48%-7 bps
Liquidity & Funding
Loans / Deposits88.01%90.40%98.07%100.94%98.98%+1,097 bps
Liquid Assets / Assets11.74%10.18%4.59%3.18%3.16%-858 bps
CRE / Total Capitaln/an/an/an/an/an/an/a