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First State Bank

Scottsbluff, NE · Cert 15586

FDIC · 6 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

First State Bank

Scottsbluff, NE · Cert 15586

FDIC · 6 branches

Q3 2021

$364.6MAssets
$199.3MLoans
$299.6MDeposits
$32.9MEquity
Loan mix
68%RE $77.9M28%C&I $31.9M4%Consumer $4.3MQ3 2020Q3 2021
Deposit mix
66%Interest-bearing $198.9M34%Noninterest $100.7MQ3 2020Q3 2021

NIM

4.85%Q3 ’194.14%Q3 ’203.32%Q3 ’21-13%-17%

Non-interest income vs. expense

2.86%Q3 ’192.37%Q3 ’202.20%Q3 ’21-40%+19%

Market Position · Cheyenne, WY · 2021 SOD (annual) · 2.2% share · #13 of 19 inst. · $0.1B of $2.5B

17.6% Scotts Bluff
2.2% Laramie
2.2% Albany
0.1% El Paso

Executive Summary

  • Earnings: ROA of 1.56%, down 76 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.13% of loans (-7 bps YoY), with net recoveries of 0.23%.
  • Capital: tier 1 leverage ratio of 9.07%, up 1 bps from a year ago.
  • Funding: loans stand at 66.52% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.56%-76 bps YoY

Net Interest Margin (YTD, annualized)

3.07%-63 bps YoY

Efficiency Ratio (YTD, annualized)

59.14%+941 bps YoY

Tier 1 Leverage Ratio

9.07%+1 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets2.32%2.05%1.76%1.55%1.56%-76 bps
Return on Equity24.32%21.71%18.93%16.86%16.99%-733 bps
Net Interest Margin3.70%3.52%3.33%3.17%3.07%-63 bps
Efficiency Ratio49.73%52.85%56.26%58.25%59.14%+941 bps
Non-Interest Burden1.31%1.41%1.56%1.57%1.55%+24 bps
Growth
Asset Growth (YoY)7.17%18.39%14.95%8.09%8.98%+180 bps
Loan Growth (YoY)3.33%-1.62%-4.86%-5.69%-6.77%-1,010 bps
Deposit Growth (YoY)-2.31%9.52%6.75%3.32%9.03%+1,134 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.10%0.10%0.16%0.13%-7 bps
Net Charge-Offs / Loans0.39%0.22%-0.18%-0.11%-0.23%-62 bps
Allowance / Loans2.58%2.85%3.01%2.97%3.03%+45 bps
Allowance Coverage of NPLs12.4x28.6x29.2x18.3x22.6x+10.2x
Capital
Tier 1 Leverage Ratio9.05%9.22%9.42%9.24%9.07%+1 bps
Total Risk-Based Capital9.05%9.22%9.42%9.24%9.07%+1 bps
Equity / Assets9.41%9.11%9.46%9.07%9.03%-37 bps
Liquidity & Funding
Loans / Deposits77.79%67.49%68.02%65.78%66.52%-1,127 bps
Liquid Assets / Assets14.43%25.31%22.60%29.15%31.90%+1,747 bps
CRE / Total Capitaln/an/an/an/an/an/an/a