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First Security Bank of Malta

Malta, MT · Cert 20646

FDIC · 1 branch

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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 Security Bank of Malta

Malta, MT · Cert 20646

FDIC · 1 branch

Q3 2019

$41.1MAssets
$19.6MLoans
$37.9MDeposits
$2.9MEquity
Loan mix
49%RE $4.8M24%C&I $2.4M26%Consumer $2.6MQ3 2018Q3 2019
Deposit mix
83%Interest-bearing $31.3M17%Noninterest $6.6MQ3 2018Q3 2019

NIM

4.88%Q3 ’174.97%Q3 ’185.11%Q3 ’190%-2%

Non-interest income vs. expense

3.55%Q3 ’173.42%Q3 ’184.49%Q3 ’19-5%+18%

Executive Summary

  • Earnings: ROA of 0.23%, down 76 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 0.39% of loans (-31 bps YoY), with net charge-offs at 0.15%.
  • Capital: tier 1 leverage ratio of 7.87%, down 358 bps from a year ago.
  • Funding: loans stand at 51.56% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.23%-76 bps YoY

Net Interest Margin (YTD, annualized)

4.14%-7 bps YoY

Efficiency Ratio (YTD, annualized)

83.21%+1,330 bps YoY

Tier 1 Leverage Ratio

7.87%-358 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.99%0.94%0.82%0.95%0.23%-76 bps
Return on Equity9.46%8.95%7.34%8.37%2.27%-719 bps
Net Interest Margin4.21%4.17%4.17%4.18%4.14%-7 bps
Efficiency Ratio69.91%71.39%74.88%69.38%83.21%+1,330 bps
Non-Interest Burden2.74%2.78%2.98%2.51%3.23%+49 bps
Growth
Asset Growth (YoY)-0.91%-4.22%-1.42%5.73%20.67%+2,158 bps
Loan Growth (YoY)-5.69%1.28%-2.68%3.16%1.48%+718 bps
Deposit Growth (YoY)-1.31%-5.46%-2.89%5.05%26.71%+2,802 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.90%0.96%0.41%0.39%-31 bps
Net Charge-Offs / Loans-0.03%0.03%0.00%0.24%0.15%+18 bps
Allowance / Loans1.18%1.24%1.24%1.37%1.83%+65 bps
Allowance Coverage of NPLs1.7x1.4x1.3x3.4x4.6x+3.0x
Capital
Tier 1 Leverage Ratio11.44%11.53%11.61%11.78%7.87%-358 bps
Total Risk-Based Capital24.32%27.13%27.95%25.95%18.90%-541 bps
Equity / Assets11.24%10.92%11.50%11.60%7.13%-411 bps
Liquidity & Funding
Loans / Deposits64.37%55.64%57.65%59.90%51.56%-1,281 bps
Liquid Assets / Assets11.82%22.05%21.34%21.32%30.88%+1,906 bps
CRE / Total Capitaln/an/an/an/an/an/an/a