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Exchange State Bank

Adair, IA · Cert 18838

FDIC · 1 branch

Q3 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets in IA3

Basis

Quarter: Q3 2024, the quarter ended September 30, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in IA (n=139 to 140). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

94

Q2 2024Q3 2024peer median (50)

Asset Quality

100

Q2 2024Q3 2024peer median (50)

Profitability

15

Q2 2024Q3 2024peer median (50)

Liquidity

14

Q2 2024Q3 2024peer median

Efficiency

5

Q2 2024Q3 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

Exchange State Bank

Adair, IA · Cert 18838

FDIC · 1 branch

Q3 2024

$33.5MAssets
$15.6MLoans
$27.1MDeposits
$5.7MEquity
Loan mix
83%RE $9.1M11%C&I $1.2M6%Consumer $0.7MQ3 2023Q3 2024
Deposit mix
80%Interest-bearing $21.6M20%Noninterest $5.6MQ3 2023Q3 2024

NIM

3.03%Q3 ’223.80%Q3 ’234.15%Q3 ’24+1%-8%

Non-interest income vs. expense

2.08%Q3 ’222.37%Q3 ’232.82%Q3 ’24+27%+19%

Executive Summary

  • Earnings: ROA of 0.05%, down 76 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.12%, up 122 bps from a year ago.
  • Funding: loans stand at 57.30% of deposits as of Q3 2024.

Financial Results

Return on Assets (YTD, annualized)

0.05%-76 bps YoY

Net Interest Margin (YTD, annualized)

2.62%-24 bps YoY

Efficiency Ratio (YTD, annualized)

97.68%+2,077 bps YoY

Tier 1 Leverage Ratio

15.12%+122 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.81%0.74%0.35%0.25%0.05%-76 bps
Return on Equity6.24%5.61%2.42%1.66%0.32%-592 bps
Net Interest Margin2.86%2.69%2.56%2.49%2.62%-24 bps
Efficiency Ratio76.91%77.07%83.91%88.26%97.68%+2,077 bps
Non-Interest Burden2.07%1.94%2.04%2.10%2.47%+40 bps
Growth
Asset Growth (YoY)-15.23%-11.62%-7.22%-8.02%-11.62%+361 bps
Loan Growth (YoY)-3.71%-6.60%-7.67%-6.53%-3.39%+32 bps
Deposit Growth (YoY)-28.97%-24.73%-20.66%-3.26%-3.57%+2,540 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.03%1.06%1.14%1.09%1.07%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio13.90%13.03%13.63%14.23%15.12%+122 bps
Total Risk-Based Capital29.34%28.38%31.76%31.09%30.00%+66 bps
Equity / Assets14.09%13.95%14.69%15.92%17.09%+300 bps
Liquidity & Funding
Loans / Deposits57.19%52.83%52.32%53.58%57.30%+10 bps
Liquid Assets / Assets17.05%20.56%21.86%16.83%15.51%-154 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Exchange State Bank

Adair, IA · Cert 18838 · Peer group: banks under $1B in assets in IA (n=139-140)

FDIC · 1 branch

Q3 2024

$33.5MAssets
$15.6MLoans
$27.1MDeposits
$5.7MEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 100% of banks under $1B in assets in IA (rank 25 of 139).
  • Widest gap: return on equity trails 96% of banks under $1B in assets in IA (rank 135 of 140).
  • Overall: at or above the peer median on 5 of 9 directional measures.

Return on Assets

0.05%

Rank 135 of 140

Net Interest Margin

2.62%

Rank 90 of 140

Efficiency Ratio

97.68%

Rank 134 of 140

Equity / Assets

17.09%

Rank 8 of 140

Non-interest income vs. expense

$119K$955KINCOMEEXPENSE
Unfavorable gap of $836K · efficiency ratio beats 5% of banks under $1B in assets in IA
Bank 97.68%Peer median 66.4%Q2 2024Q3 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets0.05%0.54%0.80%1.02%Beats 4%135 / 140
Return on Equity0.31%5.05%7.46%10.17%Beats 4%135 / 140
Net Interest Margin2.62%2.45%2.79%3.19%Beats 36%90 / 140
Efficiency Ratio97.68%57.25%66.42%75.05%Beats 5%134 / 140
Asset Quality
Nonperforming Loans / Loans0.00%0.02%0.27%0.99%Beats 100%25 / 139
Net Charge-Offs / Loans0.00%n/a0.01%0.05%Beats 100%40 / 139
Capital
Tier 1 Capital Ratio29.03%11.08%13.04%15.08%Beats 94%8 / 140
Total Risk-Based Capital Ratio30.00%11.68%13.73%15.73%Beats 94%8 / 140
Equity / Assets17.09%8.82%10.29%12.33%Beats 94%8 / 140
Liquidity & Funding
Loans / Deposits57.30%67.26%79.98%91.20%13th pctl121 / 139
Loans / Assets46.47%57.15%65.78%75.20%12th pctl123 / 139
Brokered Deposits / Depositsn/aNot reported for this institution