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Letter portraitLegal landscapeQuarterYTD

Farmers National Bank of Newcastle

Newcastle, TX · Cert 14404

FDIC · 1 branch

Q1 2025

$50.7MAssets
$24.7MLoans
$48.4MDeposits
$1.3MEquity
Loan mix
84%RE $10.6M12%C&I $1.5M4%Consumer $0.5MQ2 2023Q1 2025
Deposit mix
71%Interest-bearing $34.2M29%Noninterest $14.1MQ2 2023Q1 2025

Executive Summary

  • Earnings: ROA of 0.77%, up 12 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.07% of loans (-34 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 11.46%, up 44 bps from a year ago.
  • Funding: loans stand at 51.04% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

0.77%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+53 bps YoY

Efficiency Ratio (YTD, annualized)

74.84%-164 bps YoY

Tier 1 Leverage Ratio

11.46%+44 bps YoY

NIM

4.68%Q1 ’235.09%Q1 ’245.21%Q1 ’25-3%+18%

Non-interest income vs. expense

2.57%Q1 ’232.40%Q1 ’242.71%Q1 ’25-8%+17%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.78%0.63%0.66%0.65%0.79%0.80%0.70%0.77%+12 bps
Return on Equity24.02%23.08%22.44%18.13%21.90%19.72%17.58%24.49%+636 bps
Net Interest Margin2.94%2.89%2.97%2.85%2.93%2.93%3.00%3.38%+53 bps
Efficiency Ratio74.07%71.92%71.14%76.48%74.46%74.36%77.79%74.84%-164 bps
Non-Interest Burden2.11%1.99%2.03%2.12%2.11%2.10%2.26%2.47%+35 bps
Growth
Asset Growth (YoY)-2.17%1.15%-1.52%-2.15%-7.65%-10.78%-6.67%-4.41%-225 bps
Loan Growth (YoY)0.65%-3.35%-1.92%-13.82%-10.58%0.86%7.41%10.40%+2,421 bps
Deposit Growth (YoY)-1.43%2.11%-2.47%-0.87%-7.94%-14.92%-5.98%-5.04%-416 bps
Asset Quality
Nonperforming Loans / Loans1.80%0.82%0.54%0.41%0.32%0.00%0.00%0.07%-34 bps
Net Charge-Offs / Loans0.00%1.42%1.01%0.00%0.78%0.52%-0.01%-0.06%-6 bps
Allowance / Loans1.71%1.25%0.85%1.21%0.95%0.87%1.06%1.13%-8 bps
Allowance Coverage of NPLs0.9x1.5x1.6x2.9x3.0xn/an/a15.6x+12.6x
Capital
Tier 1 Leverage Ratio11.01%10.79%10.88%11.02%11.62%11.86%12.01%11.46%+44 bps
Total Risk-Based Capital11.01%10.79%10.88%11.02%11.62%11.86%12.01%11.46%+44 bps
Equity / Assets3.22%1.24%3.70%3.48%3.68%5.38%3.62%2.65%-83 bps
Liquidity & Funding
Loans / Deposits43.45%39.37%42.68%43.90%42.20%46.67%48.76%51.04%+714 bps
Liquid Assets / Assets1.36%0.90%1.81%1.88%1.96%1.01%0.00%0.00%-188 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a