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Gorham State Bank

Gorham, KS · Cert 17114

FDIC · 2 branches

Q1 2023

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: Q1 2023, the quarter ended March 31, 2023, 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

Gorham State Bank

Gorham, KS · Cert 17114

FDIC · 2 branches

Q1 2023

$42.5MAssets
$22.3MLoans
$37.7MDeposits
$4.7MEquity
Loan mix
70%RE $11.8M19%C&I $3.3M10%Consumer $1.8MQ1 2022Q1 2023
Deposit mix
63%Interest-bearing $23.9M37%Noninterest $13.8MQ1 2022Q1 2023

NIM

3.10%Q1 ’212.83%Q1 ’224.03%Q1 ’23-6%+37%

Non-interest income vs. expense

2.38%Q1 ’211.83%Q1 ’221.71%Q1 ’23-25%-8%

Executive Summary

  • Earnings: ROA of 2.05%, up 116 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 1.49% of loans (-58 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.02%, up 68 bps from a year ago.
  • Funding: loans stand at 59.09% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

2.05%+116 bps YoY

Net Interest Margin (YTD, annualized)

3.75%+101 bps YoY

Efficiency Ratio (YTD, annualized)

42.59%-1,826 bps YoY

Tier 1 Leverage Ratio

11.02%+68 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.89%0.85%0.90%1.02%2.05%+116 bps
Return on Equity8.60%8.22%8.79%9.93%19.08%+1,048 bps
Net Interest Margin2.74%2.65%2.71%2.80%3.75%+101 bps
Efficiency Ratio60.86%61.75%60.96%61.09%42.59%-1,826 bps
Non-Interest Burden1.56%1.53%1.55%1.62%1.44%-12 bps
Growth
Asset Growth (YoY)15.04%14.57%16.74%16.59%0.48%-1,456 bps
Loan Growth (YoY)-0.33%-0.08%1.51%6.73%9.81%+1,014 bps
Deposit Growth (YoY)15.71%15.54%17.97%17.55%-0.77%-1,648 bps
Asset Quality
Nonperforming Loans / Loans2.07%1.92%1.86%1.29%1.49%-58 bps
Net Charge-Offs / Loans-0.30%-0.14%-0.09%-0.17%0.00%+30 bps
Allowance / Loans1.47%1.38%1.35%1.52%1.42%-4 bps
Allowance Coverage of NPLs0.7x0.7x0.7x1.2x1.0x+0.2x
Capital
Tier 1 Leverage Ratio10.34%10.27%10.39%10.21%11.02%+68 bps
Total Risk-Based Capital20.50%20.18%19.86%10.21%11.02%-948 bps
Equity / Assets9.89%10.26%9.89%10.31%11.16%+127 bps
Liquidity & Funding
Loans / Deposits53.40%57.89%55.35%53.07%59.09%+569 bps
Liquid Assets / Assets47.10%41.56%27.75%28.31%26.88%-2,022 bps
CRE / Total Capitaln/an/an/an/an/an/an/a