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First State Bank

Huxley, IA · Cert 14251

FDIC · 3 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

First State Bank

Huxley, IA · Cert 14251

FDIC · 3 branches

Q1 2023

$75.7MAssets
$62.4MLoans
$57.0MDeposits
$8.0MEquity
Loan mix
98%RE $60.6M2%C&I $1.3M0%Consumer $0.2MQ1 2022Q1 2023
Deposit mix
78%Interest-bearing $44.6M22%Noninterest $12.4MQ1 2022Q1 2023

NIM

2.59%Q1 ’213.37%Q1 ’224.98%Q1 ’23+158%+24%

Non-interest income vs. expense

8.60%Q1 ’218.95%Q1 ’226.64%Q1 ’23+543%+22%

Market Position · Ames, IA · 2022 SOD (annual) · 0.9% share · #17 of 25 inst. · $0.0B of $3.8B

1.0% Story
0.1% Polk

Executive Summary

  • Earnings: ROA of -1.17%, down 6 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (-18 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.17%, down 261 bps from a year ago.
  • Funding: loans stand at 109.50% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.17%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+66 bps YoY

Efficiency Ratio (YTD, annualized)

124.81%+986 bps YoY

Tier 1 Leverage Ratio

9.17%-261 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets-1.11%-0.72%-0.73%-1.02%-1.17%-6 bps
Return on Equity-7.55%-4.98%-5.12%-7.36%-10.33%-278 bps
Net Interest Margin2.78%3.26%3.38%3.40%3.44%+66 bps
Efficiency Ratio114.95%113.65%112.61%116.43%124.81%+986 bps
Non-Interest Burden3.88%4.28%4.25%4.48%4.72%+84 bps
Growth
Asset Growth (YoY)-33.23%-31.75%-13.92%2.59%5.34%+3,857 bps
Loan Growth (YoY)-34.07%-27.33%-6.64%10.16%17.51%+5,158 bps
Deposit Growth (YoY)-14.08%-6.81%-2.13%9.66%17.29%+3,138 bps
Asset Quality
Nonperforming Loans / Loans0.18%0.17%0.00%0.00%0.00%-18 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.36%1.06%0.99%0.92%0.00%-136 bps
Allowance Coverage of NPLs7.5x6.3xn/an/an/an/a
Capital
Tier 1 Leverage Ratio11.79%12.18%11.48%10.45%9.17%-261 bps
Total Risk-Based Capital17.86%17.13%16.29%14.52%12.06%-580 bps
Equity / Assets14.56%13.96%13.59%12.20%10.51%-405 bps
Liquidity & Funding
Loans / Deposits109.30%105.48%119.75%117.74%109.50%+20 bps
Liquid Assets / Assets8.60%6.71%3.70%3.10%3.38%-522 bps
CRE / Total Capitaln/an/an/an/an/an/an/a