Dubuque Bank and Trust Company

Dubuque, IA · Cert 15219

FDIC · 10 branches

Q3 2023

$1.9BAssets

$931.6MLoans

$1.7BDeposits

$120.6MEquity

Loan mix

Deposit mix

NIM

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

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%.

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.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	YoY Δ	Trend
Earnings
Return on Assets	1.32%	1.30%	1.02%	1.21%	1.10%	-22 bps
Return on Equity	20.86%	21.14%	18.18%	20.48%	18.24%	-262 bps
Net Interest Margin	2.52%	2.66%	2.67%	2.54%	2.52%	+1 bps
Efficiency Ratio	58.32%	58.62%	59.98%	57.70%	59.56%	+125 bps
Non-Interest Burden	0.90%	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 / Loans	0.71%	0.63%	0.57%	1.26%	0.95%	+25 bps
Net Charge-Offs / Loans	0.27%	0.22%	0.03%	0.08%	0.08%	-20 bps
Allowance / Loans	0.81%	0.82%	0.85%	0.82%	0.85%	+4 bps
Allowance Coverage of NPLs	1.1x	1.3x	1.5x	0.7x	0.9x	-0.3x
Capital
Tier 1 Leverage Ratio	7.87%	8.08%	8.44%	8.98%	9.66%	+180 bps
Total Risk-Based Capital	12.56%	13.01%	13.93%	15.13%	15.94%	+337 bps
Equity / Assets	5.08%	5.37%	5.86%	6.50%	6.41%	+132 bps
Liquidity & Funding
Loans / Deposits	56.10%	56.98%	50.37%	55.57%	54.25%	-186 bps
Liquid Assets / Assets	6.56%	4.74%	6.25%	6.59%	8.73%	+218 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a