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First Bank of Muleshoe

Muleshoe, TX · Cert 17474

FDIC · 3 branches

Q4 2020

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: Q4 2020, the quarter ended December 31, 2020, 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 of Muleshoe

Muleshoe, TX · Cert 17474

FDIC · 3 branches

Q4 2020

$107.0MAssets
$12.7MLoans
$92.1MDeposits
$14.5MEquity
Loan mix
37%RE $2.5M49%C&I $3.3M14%Consumer $0.9MQ4 2019Q4 2020
Deposit mix
60%Interest-bearing $55.0M40%Noninterest $37.1MQ4 2019Q4 2020

NIM

2.90%Q4 ’183.03%Q4 ’191.58%Q4 ’20+4%-47%

Non-interest income vs. expense

2.50%Q4 ’182.70%Q4 ’192.04%Q4 ’20+7%-19%

Executive Summary

  • Earnings: ROA of 0.49%, down 17 bps year over year; NIM at 1.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 13.23%, down 232 bps from a year ago.
  • Funding: loans stand at 13.79% of deposits as of Q4 2020.

Financial Results

Return on Assets (YTD, annualized)

0.49%1-17 bps YoY

Net Interest Margin (YTD, annualized)

1.52%-133 bps YoY

Efficiency Ratio (YTD, annualized)

107.59%+3,069 bps YoY

Tier 1 Leverage Ratio

13.23%-232 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets0.65%0.57%0.41%0.29%0.49%1-17 bps
Return on Equity4.27%3.74%2.66%1.89%3.27%-100 bps
Net Interest Margin2.85%2.43%2.20%1.82%1.52%-133 bps
Efficiency Ratio76.90%77.19%81.87%85.57%107.59%+3,069 bps
Non-Interest Burden2.04%1.77%1.71%1.50%1.66%-38 bps
Growth
Asset Growth (YoY)-5.43%-8.29%0.52%16.77%17.91%+2,335 bps
Loan Growth (YoY)-11.56%-9.56%-12.27%-8.57%-15.88%-432 bps
Deposit Growth (YoY)-7.76%-8.08%-0.33%19.52%21.71%+2,947 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.09%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.00%0.00%-0.01%-0.02%-10 bps
Allowance / Loans2.77%2.96%2.99%3.05%3.31%+54 bps
Allowance Coverage of NPLsn/a32.2xn/an/an/an/a
Capital
Tier 1 Leverage Ratio15.55%15.20%15.21%14.06%13.23%-232 bps
Total Risk-Based Capital62.36%63.56%63.26%56.12%95.58%+3,321 bps
Equity / Assets16.11%14.46%16.02%14.49%13.56%-254 bps
Liquidity & Funding
Loans / Deposits19.95%18.77%17.58%15.52%13.79%-616 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%72.74%+7,274 bps
CRE / Total Capitaln/an/an/an/an/an/an/a