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First State Bank

Sioux Rapids, IA · Cert 15369

FDIC · 2 branches

Q3 2017

$42.7MAssets
$8.8MLoans
$36.8MDeposits
$5.7MEquity
Loan mix
51%RE $2.5M42%C&I $2.1M8%Consumer $0.4MQ3 2016Q3 2017
Deposit mix
77%Interest-bearing $28.5M23%Noninterest $8.3MQ3 2016Q3 2017

NIM

2.85%Q3 ’152.61%Q3 ’162.65%Q3 ’17-9%0%

Non-interest income vs. expense

2.12%Q3 ’152.07%Q3 ’163.38%Q3 ’17-5%+72%

Financial Results

Return on Assets (quarter, annualized)

-0.27%-80 bps YoY

Net Interest Margin (quarter, annualized)

2.43%0 bps YoY

Efficiency Ratio (quarter, annualized)

125.61%+4,857 bps YoY

Tier 1 Leverage Ratio

13.32%-78 bps YoY

Discrete quarter, annualized.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Return on Assets0.53%0.06%0.77%0.47%-0.27%-80 bps
Net Interest Margin2.43%2.40%2.21%2.58%2.43%0 bps
Non-Interest Burden1.82%2.53%1.28%1.94%3.12%+130 bps
Loan Growth (YoY)0.72%-3.02%-5.22%6.21%-10.44%-1,116 bps
Nonperforming Loans / Loans0.00%0.00%0.66%0.00%0.00%0 bps
Allowance / Loans1.13%1.11%1.22%1.18%1.25%+12 bps
Tier 1 Leverage Ratio14.09%13.46%13.44%13.99%13.32%-78 bps
Equity / Assets14.42%13.55%13.74%13.83%13.39%-103 bps
Liquid Assets / Assets72.15%72.45%75.28%71.84%75.94%+379 bps