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Elberfeld State Bank, The

Elberfeld, IN · Cert 13104

FDIC · 3 branches

Q4 2020

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 2020, the quarter ended December 31, 2020, 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

Elberfeld State Bank, The

Elberfeld, IN · Cert 13104

FDIC · 3 branches

Q4 2020

$86.5MAssets
$40.5MLoans
$75.4MDeposits
$10.2MEquity
Loan mix
80%RE $31.7M18%C&I $7.2M1%Consumer $0.5MQ4 2019Q4 2020
Deposit mix
62%Interest-bearing $47.0M38%Noninterest $28.4MQ4 2019Q4 2020

NIM

3.74%Q4 ’183.79%Q4 ’193.26%Q4 ’20-1%-13%

Non-interest income vs. expense

2.74%Q4 ’182.83%Q4 ’192.56%Q4 ’20+8%-20%

Market Position · Evansville, IN-KY · 2020 SOD (annual) · 0.6% share · #13 of 20 inst. · $0.1B of $8.0B

3.8% Warrick
4.9% Gibson
0.3% Vanderburgh

Executive Summary

  • Earnings: ROA of 0.89%, up 11 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 2.10% of loans (-42 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.41%, down 79 bps from a year ago.
  • Funding: loans stand at 53.71% of deposits as of Q4 2020.

Financial Results

Return on Assets (YTD, annualized)

0.89%+11 bps YoY

Net Interest Margin (YTD, annualized)

2.89%-42 bps YoY

Efficiency Ratio (YTD, annualized)

70.63%-296 bps YoY

Tier 1 Leverage Ratio

11.41%-79 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets0.78%0.54%1.13%0.94%0.89%+11 bps
Return on Equity6.62%4.46%9.46%7.94%7.50%+88 bps
Net Interest Margin3.31%2.94%3.40%3.05%2.89%-42 bps
Efficiency Ratio73.60%81.19%66.04%70.29%70.63%-296 bps
Non-Interest Burden2.30%2.29%2.04%1.95%1.83%-47 bps
Growth
Asset Growth (YoY)-0.10%0.05%10.31%10.34%6.91%+701 bps
Loan Growth (YoY)-9.37%-12.22%-2.55%0.11%-7.86%+151 bps
Deposit Growth (YoY)-1.11%-0.65%10.57%11.05%7.22%+834 bps
Asset Quality
Nonperforming Loans / Loans2.52%2.54%2.01%3.87%2.10%-42 bps
Net Charge-Offs / Loans0.22%0.00%0.00%0.00%0.00%-22 bps
Allowance / Loans1.49%1.55%1.39%1.41%1.61%+13 bps
Allowance Coverage of NPLs0.6x0.6x0.7x0.4x0.8x+0.2x
Capital
Tier 1 Leverage Ratio12.20%12.03%11.51%11.20%11.41%-79 bps
Total Risk-Based Capital20.90%12.03%11.51%11.20%11.41%-949 bps
Equity / Assets12.13%12.06%11.66%11.56%11.83%-30 bps
Liquidity & Funding
Loans / Deposits62.50%59.10%60.89%59.70%53.71%-879 bps
Liquid Assets / Assets23.56%25.61%26.64%29.85%34.82%+1,126 bps
CRE / Total Capitaln/an/an/an/an/an/an/a