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First State Bank

Hawarden, IA · Cert 13680

FDIC · 1 branch

Q2 2017

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: Q2 2017, the quarter ended June 30, 2017, 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

Hawarden, IA · Cert 13680

FDIC · 1 branch

Q2 2017

$47.0MAssets
$38.0MLoans
$34.9MDeposits
$4.5MEquity
Loan mix
71%RE $17.6M22%C&I $5.3M7%Consumer $1.8MQ2 2016Q2 2017
Deposit mix
79%Interest-bearing $27.8M21%Noninterest $7.2MQ2 2016Q2 2017

NIM

4.21%Q2 ’153.99%Q2 ’164.03%Q2 ’17-6%+5%

Non-interest income vs. expense

2.37%Q2 ’152.49%Q2 ’162.52%Q2 ’17+5%+2%

Executive Summary

  • Earnings: ROA of 0.93%, up 10 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 1.74% of loans (+174 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.42%, up 26 bps from a year ago.
  • Funding: loans stand at 108.81% of deposits as of Q2 2017.

Financial Results

Return on Assets (YTD, annualized)

0.93%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.37%+17 bps YoY

Efficiency Ratio (YTD, annualized)

71.72%-222 bps YoY

Tier 1 Leverage Ratio

9.42%+26 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.82%0.81%0.90%0.81%0.93%+10 bps
Return on Equity8.42%8.24%9.17%8.17%9.46%+104 bps
Net Interest Margin3.20%3.31%3.23%3.22%3.37%+17 bps
Efficiency Ratio73.94%74.72%76.56%75.13%71.72%-222 bps
Non-Interest Burden2.30%2.41%2.41%2.36%2.35%+5 bps
Growth
Asset Growth (YoY)-8.53%-3.23%-1.96%-2.80%7.71%+1,624 bps
Loan Growth (YoY)-16.30%3.48%-8.70%7.44%7.44%+2,374 bps
Deposit Growth (YoY)-8.81%-8.65%-5.61%-5.01%-3.56%+525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%1.77%1.74%+174 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.60%1.55%1.31%1.31%1.29%-31 bps
Allowance Coverage of NPLsn/an/an/a0.7x0.7xn/a
Capital
Tier 1 Leverage Ratio9.16%9.62%9.50%9.18%9.42%+26 bps
Total Risk-Based Capital13.22%12.92%13.08%13.26%12.80%-42 bps
Equity / Assets10.07%10.15%9.84%9.94%9.59%-47 bps
Liquidity & Funding
Loans / Deposits97.67%104.85%101.45%104.00%108.81%+1,114 bps
Liquid Assets / Assets14.06%13.07%13.84%13.11%13.27%-79 bps
CRE / Total Capitaln/an/an/an/an/an/an/a