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Walker State Bank

Walker, IA · Cert 16432

FDIC · 1 branch

Q3 2022

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 2022, the quarter ended September 30, 2022, 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

Walker State Bank

Walker, IA · Cert 16432

FDIC · 1 branch

Q3 2022

$46.2MAssets
$19.7MLoans
$42.8MDeposits
$3.3MEquity
Loan mix
85%RE $10.6M9%C&I $1.1M7%Consumer $0.8MQ3 2021Q3 2022
Deposit mix
80%Interest-bearing $34.4M20%Noninterest $8.4MQ3 2021Q3 2022

NIM

3.77%Q3 ’203.29%Q3 ’212.66%Q3 ’22-7%-21%

Non-interest income vs. expense

1.93%Q3 ’201.85%Q3 ’211.82%Q3 ’22-6%-15%

Market Position · Cedar Rapids, IA · 2022 SOD (annual) · 0.6% share · #28 of 38 inst. · $0.0B of $7.9B

Executive Summary

  • Earnings: ROA of 0.86%, down 36 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.88%, down 32 bps from a year ago.
  • Funding: loans stand at 45.90% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

0.86%-36 bps YoY

Net Interest Margin (YTD, annualized)

2.32%-60 bps YoY

Efficiency Ratio (YTD, annualized)

64.11%+683 bps YoY

Tier 1 Leverage Ratio

9.88%-32 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.22%1.06%0.46%0.82%0.86%-36 bps
Return on Equity11.31%9.98%5.06%9.78%10.56%-75 bps
Net Interest Margin2.92%2.69%2.04%2.16%2.32%-60 bps
Efficiency Ratio57.28%60.42%78.01%64.37%64.11%+683 bps
Non-Interest Burden1.54%1.51%1.53%1.18%1.30%-24 bps
Growth
Asset Growth (YoY)2.95%-0.39%5.39%4.22%0.37%-258 bps
Loan Growth (YoY)-15.49%-10.55%-10.12%2.45%-2.22%+1,327 bps
Deposit Growth (YoY)3.77%0.75%8.82%9.25%5.11%+134 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.01%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.00%0.00%-0.01%-1 bps
Allowance / Loans1.76%1.87%1.85%1.72%1.82%+6 bps
Allowance Coverage of NPLsn/a177.5xn/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.21%10.10%9.29%9.73%9.88%-32 bps
Total Risk-Based Capital10.21%10.10%9.29%9.73%9.88%-32 bps
Equity / Assets10.85%10.03%8.07%7.20%7.17%-368 bps
Liquidity & Funding
Loans / Deposits49.34%43.74%42.65%45.51%45.90%-344 bps
Liquid Assets / Assets3.33%3.19%3.15%3.94%3.88%+55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a