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First Community Bank

Glasgow, MT · Cert 2176

FDIC · 9 branches

Q1 2022

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: Q1 2022, the quarter ended March 31, 2022, 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 Community Bank

Glasgow, MT · Cert 2176

FDIC · 9 branches

Q1 2022

$385.9MAssets
$196.6MLoans
$318.9MDeposits
$42.0MEquity
Loan mix
85%RE $129.2M10%C&I $15.3M4%Consumer $6.8MQ1 2021Q1 2022
Deposit mix
67%Interest-bearing $213.6M33%Noninterest $105.4MQ1 2021Q1 2022

NIM

3.93%Q1 ’203.46%Q1 ’213.15%Q1 ’22-2%-7%

Non-interest income vs. expense

3.64%Q1 ’203.60%Q1 ’212.65%Q1 ’22-75%+193%

Executive Summary

  • Earnings: ROA of 0.99%, down 128 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.46% of loans (-44 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.39%, down 62 bps from a year ago.
  • Funding: loans stand at 61.64% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

0.99%-128 bps YoY

Net Interest Margin (YTD, annualized)

3.01%-22 bps YoY

Efficiency Ratio (YTD, annualized)

67.76%+998 bps YoY

Tier 1 Leverage Ratio

10.39%-62 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets2.28%1.71%1.59%1.25%0.99%-128 bps
Return on Equity20.40%15.33%14.28%11.37%9.27%-1,112 bps
Net Interest Margin3.23%3.97%3.82%3.49%3.01%-22 bps
Efficiency Ratio57.78%60.34%61.91%67.12%67.76%+998 bps
Non-Interest Burden0.60%1.68%1.68%1.82%1.74%+115 bps
Growth
Asset Growth (YoY)22.75%9.39%12.30%12.59%4.09%-1,866 bps
Loan Growth (YoY)19.91%4.65%-3.33%-2.98%-10.73%-3,064 bps
Deposit Growth (YoY)23.26%17.05%17.54%14.03%5.52%-1,774 bps
Asset Quality
Nonperforming Loans / Loans0.91%0.68%0.53%0.52%0.46%-44 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.06%0.00%0 bps
Allowance / Loans1.91%1.91%1.99%2.08%2.08%+17 bps
Allowance Coverage of NPLs2.1x2.8x3.7x4.0x4.5x+2.4x
Capital
Tier 1 Leverage Ratio11.01%10.62%10.95%10.26%10.39%-62 bps
Total Risk-Based Capital16.02%15.85%16.86%17.22%17.40%+138 bps
Equity / Assets10.77%11.11%11.13%10.57%10.88%+10 bps
Liquidity & Funding
Loans / Deposits72.86%71.78%68.35%61.13%61.64%-1,122 bps
Liquid Assets / Assets4.78%0.66%5.69%8.81%43.23%+3,844 bps
CRE / Total Capitaln/an/an/an/an/an/an/a