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Wilmot State Bank

Wilmot, SD · Cert 15787

FDIC · 2 branches

Q3 2018

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 2018, the quarter ended September 30, 2018, 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

Wilmot State Bank

Wilmot, SD · Cert 15787

FDIC · 2 branches

Q3 2018

$48.7MAssets
$36.4MLoans
$41.4MDeposits
$5.3MEquity
Loan mix
39%RE $6.6M52%C&I $8.8M10%Consumer $1.6MQ3 2017Q3 2018
Deposit mix
79%Interest-bearing $32.8M21%Noninterest $8.6MQ3 2017Q3 2018

NIM

4.20%Q3 ’164.37%Q3 ’174.85%Q3 ’18+2%+9%

Non-interest income vs. expense

2.18%Q3 ’162.01%Q3 ’171.99%Q3 ’18-9%+6%

Executive Summary

  • Earnings: ROA of 2.10%, up 21 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 2.86% of loans (+219 bps YoY), with net charge-offs at 0.43%.
  • Capital: tier 1 leverage ratio of 11.29%, up 35 bps from a year ago.
  • Funding: loans stand at 87.86% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

2.10%+21 bps YoY

Net Interest Margin (YTD, annualized)

4.13%+34 bps YoY

Efficiency Ratio (YTD, annualized)

45.61%-278 bps YoY

Tier 1 Leverage Ratio

11.29%+35 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets1.89%1.90%1.91%2.02%2.10%+21 bps
Return on Equity17.67%17.74%18.21%19.60%20.03%+236 bps
Net Interest Margin3.79%3.78%4.12%4.07%4.13%+34 bps
Efficiency Ratio48.39%48.76%46.24%45.57%45.61%-278 bps
Non-Interest Burden1.65%1.67%1.74%1.70%1.76%+11 bps
Growth
Asset Growth (YoY)5.75%5.08%5.50%2.00%0.46%-529 bps
Loan Growth (YoY)11.10%11.97%10.80%9.48%8.11%-299 bps
Deposit Growth (YoY)7.14%5.15%6.49%2.47%-1.06%-820 bps
Asset Quality
Nonperforming Loans / Loans0.68%0.48%0.84%3.32%2.86%+219 bps
Net Charge-Offs / Loans-0.17%-0.05%1.38%0.63%0.43%+60 bps
Allowance / Loans1.28%1.18%0.96%0.97%0.98%-30 bps
Allowance Coverage of NPLs1.9x2.5x1.1x0.3x0.3x-1.5x
Capital
Tier 1 Leverage Ratio10.94%11.00%10.61%10.63%11.29%+35 bps
Total Risk-Based Capital14.37%14.16%12.88%12.72%13.80%-57 bps
Equity / Assets10.97%10.81%10.13%10.06%10.95%-2 bps
Liquidity & Funding
Loans / Deposits80.41%80.86%80.05%83.19%87.86%+745 bps
Liquid Assets / Assets5.62%5.59%4.50%4.12%4.28%-134 bps
CRE / Total Capitaln/an/an/an/an/an/an/a