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First National Bank of Rembrandt, The

Rembrandt, IA · Cert 13841

FDIC · 1 branch

Q3 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: Q3 2018, the quarter ended September 30, 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

First National Bank of Rembrandt, The

Rembrandt, IA · Cert 13841

FDIC · 1 branch

Q3 2018

$51.5MAssets
$30.5MLoans
$40.0MDeposits
$11.2MEquity
Loan mix
66%RE $12.0M23%C&I $4.3M11%Consumer $2.0MQ3 2017Q3 2018
Deposit mix
87%Interest-bearing $34.7M13%Noninterest $5.3MQ3 2017Q3 2018

NIM

3.24%Q3 ’163.44%Q3 ’173.51%Q3 ’18+6%0%

Non-interest income vs. expense

1.09%Q3 ’161.29%Q3 ’171.36%Q3 ’18+19%+14%

Executive Summary

  • Earnings: ROA of 1.14%, up 34 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 3.54% of loans (+97 bps YoY), with net recoveries of 0.09%.
  • Capital: tier 1 leverage ratio of 21.29%, up 123 bps from a year ago.
  • Funding: loans stand at 76.25% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.14%+34 bps YoY

Net Interest Margin (YTD, annualized)

2.91%-1 bps YoY

Efficiency Ratio (YTD, annualized)

46.39%+406 bps YoY

Tier 1 Leverage Ratio

21.29%+123 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.80%0.47%1.12%1.24%1.14%+34 bps
Return on Equity4.13%2.43%5.71%6.19%5.59%+145 bps
Net Interest Margin2.93%2.78%2.65%2.91%2.91%-1 bps
Efficiency Ratio42.32%51.57%42.49%41.17%46.39%+406 bps
Non-Interest Burden1.17%1.39%1.04%1.19%1.34%+17 bps
Growth
Asset Growth (YoY)-6.73%-2.34%-2.55%-3.28%-4.01%+272 bps
Loan Growth (YoY)-0.16%-0.92%-6.46%-12.62%-13.36%-1,321 bps
Deposit Growth (YoY)-8.94%-3.25%-3.28%-4.53%-5.73%+321 bps
Asset Quality
Nonperforming Loans / Loans2.56%6.92%4.34%3.79%3.54%+97 bps
Net Charge-Offs / Loans0.81%0.61%0.52%-0.20%-0.09%-89 bps
Allowance / Loans1.42%1.85%2.04%2.35%2.31%+89 bps
Allowance Coverage of NPLs0.6x0.3x0.5x0.6x0.7x+0.1x
Capital
Tier 1 Leverage Ratio20.07%19.81%19.72%20.69%21.29%+123 bps
Total Risk-Based Capital31.55%30.12%35.54%37.34%37.93%+638 bps
Equity / Assets20.18%19.40%19.96%20.84%21.71%+153 bps
Liquidity & Funding
Loans / Deposits82.97%81.02%72.66%72.96%76.25%-672 bps
Liquid Assets / Assets15.88%16.18%25.80%27.93%26.85%+1,097 bps
CRE / Total Capitaln/an/an/an/an/an/an/a