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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 $0.9MQ1 2019Q4 2020
Deposit mix
60%Interest-bearing $55.0M40%Noninterest $37.1MQ1 2019Q4 2020

Executive Summary

  • Earnings: ROA of 1.02%, up 41 bps year over year; NIM at 1.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • 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.

Return on Assets (quarter, annualized)

1.02%1+41 bps YoY

Net Interest Margin (quarter, annualized)

1.03%-159 bps YoY

Efficiency Ratio (quarter, annualized)

204%+12,464 bps YoY

Tier 1 Leverage Ratio

13.23%-232 bps YoY

NIM

3.07%Q4 ’182.75%Q4 ’191.08%Q4 ’20-9%-61%

Non-interest income vs. expense

2.60%Q4 ’182.70%Q4 ’192.88%Q4 ’20-4%+31%

Discrete quarter, annualized.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets0.83%0.69%0.48%0.60%0.57%0.27%0.06%1.02%1+41 bps
Return on Equity5.75%4.59%3.04%3.73%3.74%1.74%0.42%7.25%+351 bps
Net Interest Margin2.89%2.85%2.77%2.62%2.43%1.97%1.40%1.03%-159 bps
Efficiency Ratio70.38%75.58%82.63%79.26%77.19%87.35%96.30%204%+12,464 bps
Non-Interest Burden1.88%2.01%2.17%1.91%1.77%1.66%1.33%2.49%+58 bps
Growth
Asset Growth (YoY)-3.29%-3.34%-7.44%-5.43%-8.29%0.52%16.77%17.91%+2,335 bps
Loan Growth (YoY)1.67%1.20%-11.19%-11.56%-9.56%-12.27%-8.57%-15.88%-432 bps
Deposit Growth (YoY)-4.58%-5.27%-10.33%-7.76%-8.08%-0.33%19.52%21.71%+2,947 bps
Asset Quality
Nonperforming Loans / Loans0.33%0.55%0.58%0.00%0.09%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.03%0.00%0.34%0.00%0.00%-0.03%-0.03%-38 bps
Allowance / Loans2.76%2.70%2.87%2.77%2.96%2.99%3.05%3.31%+54 bps
Allowance Coverage of NPLs8.3x5.0x5.0xn/a32.2xn/an/an/an/a
Capital
Tier 1 Leverage Ratio14.77%14.92%15.37%15.55%15.20%15.21%14.06%13.23%-232 bps
Total Risk-Based Capital64.88%59.32%63.45%62.36%63.56%63.26%56.12%95.58%+3,321 bps
Equity / Assets14.63%15.44%16.30%16.11%14.46%16.02%14.49%13.56%-254 bps
Liquidity & Funding
Loans / Deposits19.08%19.97%20.29%19.95%18.77%17.58%15.52%13.79%-616 bps
Liquid Assets / Assets0.01%0.01%0.01%0.00%0.00%0.00%0.00%72.74%+7,274 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a