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First Bank

Wadley, AL · Cert 1744

FDIC · 5 branches

Q3 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: Q3 2023, the quarter ended September 30, 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

First Bank

Wadley, AL · Cert 1744

FDIC · 5 branches

Q3 2023

$126.2MAssets
$39.3MLoans
$118.8MDeposits
$6.8MEquity
Loan mix
82%RE $22.6M11%C&I $3.0M7%Consumer $1.9MQ3 2022Q3 2023
Deposit mix
73%Interest-bearing $86.9M27%Noninterest $32.0MQ3 2022Q3 2023

NIM

4.03%Q3 ’213.04%Q3 ’224.26%Q3 ’23-26%+20%

Non-interest income vs. expense

2.39%Q3 ’212.13%Q3 ’222.32%Q3 ’23-20%+16%

Executive Summary

  • Earnings: ROA of 1.25%, up 25 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.20% of loans (-19 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.69%, up 123 bps from a year ago.
  • Funding: loans stand at 33.04% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.25%+25 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+56 bps YoY

Efficiency Ratio (YTD, annualized)

57.60%-307 bps YoY

Tier 1 Leverage Ratio

9.69%+123 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.99%1.12%1.28%1.28%1.25%+25 bps
Return on Equity15.05%17.91%23.41%22.46%22.27%+722 bps
Net Interest Margin2.82%3.03%3.35%3.38%3.38%+56 bps
Efficiency Ratio60.67%58.88%54.09%55.91%57.60%-307 bps
Non-Interest Burden1.44%1.50%1.51%1.61%1.67%+23 bps
Growth
Asset Growth (YoY)9.76%3.48%4.34%-1.80%-3.22%-1,298 bps
Loan Growth (YoY)18.30%12.70%22.34%7.22%15.51%-279 bps
Deposit Growth (YoY)17.48%9.16%5.76%-2.53%-4.52%-2,200 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.26%0.24%0.24%0.20%-19 bps
Net Charge-Offs / Loans0.00%0.00%0.03%0.06%0.03%+2 bps
Allowance / Loans1.16%1.09%1.05%1.09%0.99%-17 bps
Allowance Coverage of NPLs3.0x4.2x4.4x4.6x5.0x+2.0x
Capital
Tier 1 Leverage Ratio8.46%8.85%9.15%9.61%9.69%+123 bps
Total Risk-Based Capital16.82%16.92%17.31%18.15%17.39%+58 bps
Equity / Assets4.14%4.96%5.97%6.09%5.36%+122 bps
Liquidity & Funding
Loans / Deposits27.31%30.25%30.77%29.62%33.04%+573 bps
Liquid Assets / Assets3.83%3.55%3.53%2.76%2.25%-158 bps
CRE / Total Capitaln/an/an/an/an/an/an/a