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Dubuque Bank and Trust Company

Dubuque, IA · Cert 15219

FDIC · 10 branches

Q3 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: Q3 2023, the quarter ended September 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 2026-10-11

Dubuque Bank and Trust Company

Dubuque, IA · Cert 15219

FDIC · 10 branches

Q3 2023

$1.9BAssets
$931.6MLoans
$1.7BDeposits
$120.6MEquity
Loan mix
60%RE $365.7M38%C&I $230.7M2%Consumer $11.4MQ3 2022Q3 2023
Deposit mix
69%Interest-bearing $1.2B31%Noninterest $0.5BQ3 2022Q3 2023

NIM

2.64%Q3 ’212.75%Q3 ’224.20%Q3 ’23-2%+0%

Non-interest income vs. expense

2.31%Q3 ’212.26%Q3 ’222.20%Q3 ’23+4%+15%

Market Position · Dubuque, IA · 2023 SOD (annual) · 45.6% share · #1 of 9 inst. · $1.7B of $3.7B

45.6% Dubuque
0.0% Polk
0.1% Linn

Executive Summary

  • Earnings: ROA of 1.10%, down 22 bps year over year; NIM at 2.52%.
  • Asset quality: problem loans at 0.95% of loans (+25 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 9.66%, up 180 bps from a year ago.
  • Funding: loans stand at 54.25% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.10%-22 bps YoY

Net Interest Margin (YTD, annualized)

2.52%+1 bps YoY

Efficiency Ratio (YTD, annualized)

59.56%+125 bps YoY

Tier 1 Leverage Ratio

9.66%+180 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.32%1.30%1.02%1.21%1.10%-22 bps
Return on Equity20.86%21.14%18.18%20.48%18.24%-262 bps
Net Interest Margin2.52%2.66%2.67%2.54%2.52%+1 bps
Efficiency Ratio58.32%58.62%59.98%57.70%59.56%+125 bps
Non-Interest Burden0.90%1.03%1.30%0.94%1.03%+13 bps
Growth
Asset Growth (YoY)7.98%-5.69%-7.90%-9.43%-11.45%-1,943 bps
Loan Growth (YoY)10.17%4.25%-6.68%-9.29%-10.04%-2,021 bps
Deposit Growth (YoY)8.21%1.03%7.82%-7.81%-6.96%-1,517 bps
Asset Quality
Nonperforming Loans / Loans0.71%0.63%0.57%1.26%0.95%+25 bps
Net Charge-Offs / Loans0.27%0.22%0.03%0.08%0.08%-20 bps
Allowance / Loans0.81%0.82%0.85%0.82%0.85%+4 bps
Allowance Coverage of NPLs1.1x1.3x1.5x0.7x0.9x-0.3x
Capital
Tier 1 Leverage Ratio7.87%8.08%8.44%8.98%9.66%+180 bps
Total Risk-Based Capital12.56%13.01%13.93%15.13%15.94%+337 bps
Equity / Assets5.08%5.37%5.86%6.50%6.41%+132 bps
Liquidity & Funding
Loans / Deposits56.10%56.98%50.37%55.57%54.25%-186 bps
Liquid Assets / Assets6.56%4.74%6.25%6.59%8.73%+218 bps
CRE / Total Capitaln/an/an/an/an/an/an/a