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Morningside Bank & Trust Company

Sioux City, IA · Cert 18958

FDIC · 2 branches

Q2 2018

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: Q2 2018, the quarter ended June 30, 2018, 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

Morningside Bank & Trust Company

Sioux City, IA · Cert 18958

FDIC · 2 branches

Q2 2018

$70.0MAssets
$41.6MLoans
$53.6MDeposits
$11.2MEquity
Loan mix
88%RE $30.0M8%C&I $2.9M4%Consumer $1.4MQ2 2017Q2 2018
Deposit mix
74%Interest-bearing $39.5M26%Noninterest $14.1MQ2 2017Q2 2018

NIM

3.18%Q2 ’163.21%Q2 ’173.34%Q2 ’18+1%+1%

Non-interest income vs. expense

2.66%Q2 ’162.36%Q2 ’172.16%Q2 ’18-16%-7%

Market Position · Sioux City, IA-NE-SD · 2018 SOD (annual) · 1.3% share · #22 of 35 inst. · $0.1B of $4.3B

1.9% Woodbury
0.8% Plymouth

Executive Summary

  • Earnings: ROA of 1.12%, up 25 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 1.18% of loans (-38 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 16.33%, up 59 bps from a year ago.
  • Funding: loans stand at 77.63% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

1.12%+25 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+4 bps YoY

Efficiency Ratio (YTD, annualized)

64.89%-564 bps YoY

Tier 1 Leverage Ratio

16.33%+59 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.87%0.61%0.65%1.20%1.12%+25 bps
Return on Equity5.66%5.04%5.20%7.82%7.20%+153 bps
Net Interest Margin2.92%2.79%2.74%2.96%2.96%+4 bps
Efficiency Ratio70.54%73.19%72.82%62.50%64.89%-564 bps
Non-Interest Burden1.93%1.93%1.89%1.71%1.79%-14 bps
Growth
Asset Growth (YoY)-9.18%115.34%-2.08%2.86%3.06%+1,224 bps
Loan Growth (YoY)-7.68%-12.45%-3.24%4.87%5.57%+1,324 bps
Deposit Growth (YoY)-12.51%135.90%-3.23%7.29%-4.18%+833 bps
Asset Quality
Nonperforming Loans / Loans1.56%1.74%1.60%1.00%1.18%-38 bps
Net Charge-Offs / Loans0.34%0.19%0.12%-0.02%-0.01%-35 bps
Allowance / Loans2.02%2.17%2.07%2.03%1.97%-5 bps
Allowance Coverage of NPLs1.3x1.3x1.3x2.0x1.7x+0.4x
Capital
Tier 1 Leverage Ratio15.74%15.56%15.28%15.91%16.33%+59 bps
Total Risk-Based Capital29.80%31.81%30.82%31.09%31.25%+145 bps
Equity / Assets16.23%7.36%15.51%15.25%15.97%-26 bps
Liquidity & Funding
Loans / Deposits70.47%26.59%65.74%65.82%77.63%+717 bps
Liquid Assets / Assets4.99%57.93%6.23%7.62%4.75%-25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a