PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.7MQ4 2022Q3 2024
Deposit mix
80%Interest-bearing $21.6M20%Noninterest $5.6MQ4 2022Q3 2024

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.

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

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%

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets0.80%0.82%0.60%0.81%0.74%0.35%0.25%0.05%-76 bps
Return on Equity6.68%6.70%4.74%6.24%5.61%2.42%1.66%0.32%-592 bps
Net Interest Margin2.77%2.98%2.90%2.86%2.69%2.56%2.49%2.62%-24 bps
Efficiency Ratio67.92%67.07%74.31%76.91%77.07%83.91%88.26%97.68%+2,077 bps
Non-Interest Burden1.71%1.86%2.02%2.07%1.94%2.04%2.10%2.47%+40 bps
Growth
Asset Growth (YoY)4.85%-6.01%-10.88%-15.23%-11.62%-7.22%-8.02%-11.62%+361 bps
Loan Growth (YoY)-8.45%-6.95%-0.77%-3.71%-6.60%-7.67%-6.53%-3.39%+32 bps
Deposit Growth (YoY)8.76%-7.04%-21.91%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.65%1.75%1.69%1.03%1.06%1.14%1.09%1.07%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.08%12.04%12.96%13.90%13.03%13.63%14.23%15.12%+122 bps
Total Risk-Based Capital25.40%29.23%24.90%29.34%28.38%31.76%31.09%30.00%+66 bps
Equity / Assets11.35%13.17%13.67%14.09%13.95%14.69%15.92%17.09%+300 bps
Liquidity & Funding
Loans / Deposits42.58%44.96%55.45%57.19%52.83%52.32%53.58%57.30%+10 bps
Liquid Assets / Assets24.14%20.52%17.64%17.05%20.56%21.86%16.83%15.51%-154 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a