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Farmers State Bank-Hillsboro

Hillsboro, WI · Cert 15126

FDIC · 5 branches

Q2 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: Q2 2023, the quarter ended June 30, 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 2026-10-10

Farmers State Bank-Hillsboro

Hillsboro, WI · Cert 15126

FDIC · 5 branches

Q2 2023

$209.7MAssets
$122.9MLoans
$171.6MDeposits
$37.8MEquity
Loan mix
88%RE $67.4M7%C&I $5.1M5%Consumer $4.0MQ2 2022Q2 2023
Deposit mix
77%Interest-bearing $132.5M23%Noninterest $39.1MQ2 2022Q2 2023

NIM

3.34%Q2 ’213.10%Q2 ’223.83%Q2 ’23-6%+8%

Non-interest income vs. expense

1.08%Q2 ’211.22%Q2 ’221.25%Q2 ’23+33%+6%

Market Position · La Crosse-Onalaska, WI-MN · 2023 SOD (annual) · 2.9% share · #13 of 24 inst. · $0.1B of $5.1B

25.1% Vernon
4.2% Juneau

Executive Summary

  • Earnings: ROA of 1.57%, up 5 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 18.62%, up 238 bps from a year ago.
  • Funding: loans stand at 71.59% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

1.57%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.05%+22 bps YoY

Efficiency Ratio (YTD, annualized)

38.38%-143 bps YoY

Tier 1 Leverage Ratio

18.62%+238 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets1.53%1.55%1.49%1.59%1.57%+5 bps
Return on Equity9.64%9.66%9.22%9.30%9.02%-62 bps
Net Interest Margin2.83%2.87%2.93%2.91%3.05%+22 bps
Efficiency Ratio39.81%38.81%38.40%36.62%38.38%-143 bps
Non-Interest Burden1.00%0.99%1.02%0.96%1.06%+6 bps
Growth
Asset Growth (YoY)2.69%3.85%0.67%-1.02%-1.18%-387 bps
Loan Growth (YoY)23.46%13.60%10.84%1.12%3.00%-2,046 bps
Deposit Growth (YoY)5.03%6.50%-0.93%-3.10%-3.27%-830 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.75%0.78%0.75%0.75%0.73%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio16.24%16.72%17.11%17.46%18.62%+238 bps
Total Risk-Based Capital16.24%16.72%17.11%17.46%18.62%+238 bps
Equity / Assets16.30%16.70%16.82%17.48%18.03%+173 bps
Liquidity & Funding
Loans / Deposits67.24%65.78%67.64%69.03%71.59%+436 bps
Liquid Assets / Assets39.59%40.32%38.64%39.48%38.73%-86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a