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State Bank of Paw Paw, Illinois

Paw Paw, IL · Cert 11726

FDIC · 4 branches

Q1 2023

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: Q1 2023, the quarter ended March 31, 2023, 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 Paw Paw, Illinois

Paw Paw, IL · Cert 11726

FDIC · 4 branches

Q1 2023

$128.9MAssets
$81.6MLoans
$114.6MDeposits
$12.3MEquity
Loan mix
89%RE $53.9M10%C&I $6.2M1%Consumer $0.8MQ1 2022Q1 2023
Deposit mix
69%Interest-bearing $79.3M31%Noninterest $35.3MQ1 2022Q1 2023

NIM

3.50%Q1 ’213.24%Q1 ’224.70%Q1 ’23-5%+49%

Non-interest income vs. expense

2.80%Q1 ’212.71%Q1 ’229.38%Q1 ’23-3%+239%

Executive Summary

  • Earnings: ROA of -8.07%, down 868 bps year over year; NIM at 4.42%.
  • Asset quality: problem loans at 0.04% of loans (-73 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 10.32%, down 17 bps from a year ago.
  • Funding: loans stand at 71.20% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

-8.07%-868 bps YoY

Net Interest Margin (YTD, annualized)

4.42%+145 bps YoY

Efficiency Ratio (YTD, annualized)

169.71%+8,675 bps YoY

Tier 1 Leverage Ratio

10.32%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.60%0.44%0.50%0.49%-8.07%-868 bps
Return on Equity5.81%4.33%4.90%4.73%-78.59%-8,440 bps
Net Interest Margin2.97%2.96%3.13%3.40%4.42%+145 bps
Efficiency Ratio82.95%87.49%86.36%87.57%169.71%+8,675 bps
Non-Interest Burden2.43%2.57%2.68%2.96%8.25%+582 bps
Growth
Asset Growth (YoY)3.55%0.62%-0.31%-9.09%-4.63%-818 bps
Loan Growth (YoY)-2.24%-0.23%2.83%1.72%1.07%+331 bps
Deposit Growth (YoY)7.30%3.55%2.96%-3.79%0.59%-671 bps
Asset Quality
Nonperforming Loans / Loans0.78%0.06%0.60%0.04%0.04%-73 bps
Net Charge-Offs / Loans-0.03%-0.04%-0.03%-0.03%-0.07%-3 bps
Allowance / Loans1.36%1.33%1.32%1.28%1.39%+3 bps
Allowance Coverage of NPLs1.7x22.5x2.2x31.0x31.4x+29.6x
Capital
Tier 1 Leverage Ratio10.48%10.72%10.92%11.33%10.32%-17 bps
Total Risk-Based Capital10.48%10.72%10.92%11.33%10.32%-17 bps
Equity / Assets10.17%10.11%10.02%11.06%9.53%-64 bps
Liquidity & Funding
Loans / Deposits70.86%73.81%74.12%82.31%71.20%+34 bps
Liquid Assets / Assets0.55%0.55%0.53%0.56%0.54%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a