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First Iowa Bank

Monticello, IA · Cert 20121

FDIC

Q4 2002

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 2002, the quarter ended December 31, 2002, 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 Iowa Bank

Monticello, IA · Cert 20121

FDIC

Q4 2002

$22.5MAssets
$11.7MLoans
$20.1MDeposits
$2.2MEquity
Deposit mix
93%Interest-bearing $18.7M7%Noninterest $1.5MQ4 2001Q4 2002

NIM

7.40%Q1 ’016.89%Q4 ’015.61%Q4 ’02-1%+4%

Non-interest income vs. expense

2.58%Q1 ’012.79%Q4 ’012.84%Q4 ’02+3%-2%

Executive Summary

  • Earnings: ROA of 0.15%, down 52 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.68%.
  • Funding: loans stand at 58.34% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.15%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.55%+15 bps YoY

Efficiency Ratio (YTD, annualized)

69.50%-326 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.67%0.99%-1.09%-0.38%0.15%-52 bps
Return on Equityn/a9.98%-10.88%-3.80%1.49%n/a
Net Interest Margin3.40%3.80%3.85%4.01%3.55%+15 bps
Efficiency Ratio72.76%69.44%73.90%69.51%69.50%-326 bps
Non-Interest Burden2.36%2.54%2.70%2.62%2.31%-5 bps
Growth
Asset Growth (YoY)1.49%-4.97%-6.73%-1.09%3.43%+194 bps
Loan Growth (YoY)0.95%-2.29%-5.74%-5.32%-12.27%-1,322 bps
Deposit Growth (YoY)6.66%1.12%-6.74%-0.91%4.00%-266 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.00%5.52%3.43%2.68%+256 bps
Allowance / Loans1.04%1.05%0.94%1.29%0.95%-9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital16.61%16.37%16.08%16.02%17.50%+89 bps
Equity / Assets10.04%9.83%10.33%9.71%9.80%-24 bps
Liquidity & Funding
Loans / Deposits69.16%65.49%72.39%62.47%58.34%-1,082 bps
Liquid Assets / Assets5.44%5.22%5.47%4.96%4.79%-65 bps
CRE / Total Capitaln/an/an/an/an/an/an/a