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First State Bank of Newcastle

Newcastle, WY · Cert 1168

FDIC · 1 branch

Q4 2022

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 2022, the quarter ended December 31, 2022, 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

First State Bank of Newcastle

Newcastle, WY · Cert 1168

FDIC · 1 branch

Q4 2022

$177.5MAssets
$40.3MLoans
$158.6MDeposits
$18.3MEquity
Loan mix
65%RE $22.1M23%C&I $7.9M11%Consumer $3.8MQ4 2021Q4 2022
Deposit mix
77%Interest-bearing $122.7M23%Noninterest $35.9MQ4 2021Q4 2022

NIM

2.69%Q4 ’202.18%Q4 ’212.56%Q4 ’22-11%+19%

Non-interest income vs. expense

1.80%Q4 ’201.73%Q4 ’212.27%Q4 ’22-10%+45%

Executive Summary

  • Earnings: ROA of -1.21%, down 180 bps year over year; NIM at 2.29%.
  • Asset quality: problem loans at 1.05% of loans (+43 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 7.28%, down 450 bps from a year ago.
  • Funding: loans stand at 25.43% of deposits as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

-1.21%-180 bps YoY

Net Interest Margin (YTD, annualized)

2.29%+36 bps YoY

Efficiency Ratio (YTD, annualized)

87.30%+1,244 bps YoY

Tier 1 Leverage Ratio

7.28%-450 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets0.60%0.40%0.44%0.23%-1.21%-180 bps
Return on Equity4.72%3.71%4.33%2.35%-12.35%-1,707 bps
Net Interest Margin1.93%1.86%1.86%1.87%2.29%+36 bps
Efficiency Ratio74.86%76.88%74.66%77.98%87.30%+1,244 bps
Non-Interest Burden1.34%1.35%1.31%1.39%1.94%+60 bps
Growth
Asset Growth (YoY)5.09%-2.23%-2.06%-3.84%-2.08%-717 bps
Loan Growth (YoY)2.36%5.17%-0.51%2.88%-7.25%-960 bps
Deposit Growth (YoY)7.05%0.89%2.13%1.33%-0.50%-754 bps
Asset Quality
Nonperforming Loans / Loans0.62%0.60%0.28%0.46%1.05%+43 bps
Net Charge-Offs / Loans-0.03%-0.03%-0.01%-0.03%-0.02%+1 bps
Allowance / Loans2.65%2.66%2.74%2.78%0.00%-265 bps
Allowance Coverage of NPLs4.3x4.4x9.8x6.0x0.0x-4.3x
Capital
Tier 1 Leverage Ratio11.78%11.78%11.88%11.71%7.28%-450 bps
Total Risk-Based Capital36.08%37.38%38.15%39.89%23.72%-1,236 bps
Equity / Assets11.93%9.84%8.90%7.78%10.33%-160 bps
Liquidity & Funding
Loans / Deposits27.28%27.85%26.69%26.50%25.43%-185 bps
Liquid Assets / Assets17.19%16.22%20.75%27.93%27.89%+1,070 bps
CRE / Total Capitaln/an/an/an/an/an/an/a