PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st Bank

Sidney, MT · Cert 22039

FDIC · 1 branch

Q2 2021

$59.7MAssets
$17.8MLoans
$54.4MDeposits
$5.2MEquity
Loan mix
64%RE $5.4M27%C&I $2.3M9%Consumer $0.8MQ3 2019Q2 2021
Deposit mix
78%Interest-bearing $42.4M22%Noninterest $12.0MQ3 2019Q2 2021

Executive Summary

  • Earnings: ROA of 1.10%, down 7 bps year over year; NIM at 2.39%.
  • 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 8.79%, down 47 bps from a year ago.
  • Funding: loans stand at 32.63% of deposits as of Q2 2021.

Return on Assets (quarter, annualized)

1.10%-7 bps YoY

Net Interest Margin (quarter, annualized)

2.39%-51 bps YoY

Efficiency Ratio (quarter, annualized)

58.73%-506 bps YoY

Tier 1 Leverage Ratio

8.79%-47 bps YoY

NIM

4.46%Q2 ’193.22%Q2 ’202.49%Q2 ’21-29%-17%

Non-interest income vs. expense

1.83%Q2 ’192.05%Q2 ’201.57%Q2 ’21+20%-26%

Discrete quarter, annualized.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021YoY ΔTrend
Earnings
Return on Assets2.40%1.62%7.54%1.17%1.18%0.40%2.41%1.10%-7 bps
Return on Equity16.00%11.11%63.59%12.63%13.02%4.63%28.18%12.63%0 bps
Net Interest Margin4.19%3.54%3.22%2.90%2.84%2.20%3.78%2.39%-51 bps
Efficiency Ratio47.31%59.15%56.67%63.79%62.86%84.51%41.34%58.73%-506 bps
Non-Interest Burden1.76%1.93%1.66%1.74%1.66%1.80%1.38%1.29%-44 bps
Growth
Asset Growth (YoY)0.44%1.81%2.70%9.10%10.57%10.16%20.09%15.50%+640 bps
Loan Growth (YoY)-4.89%-2.63%-0.49%0.85%-5.08%-9.68%-10.58%-22.56%-2,341 bps
Deposit Growth (YoY)-0.49%1.16%9.19%16.51%18.69%17.57%21.21%16.16%-35 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 / Loans4.43%5.30%1.37%1.26%1.29%1.63%1.53%1.62%+37 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio15.39%14.68%9.12%9.26%9.09%8.57%8.83%8.79%-47 bps
Total Risk-Based Capital32.47%38.39%22.75%23.48%24.62%30.44%30.04%27.24%+376 bps
Equity / Assets15.17%14.10%9.48%9.05%9.02%8.39%8.73%8.71%-34 bps
Liquidity & Funding
Loans / Deposits58.56%44.22%47.59%48.95%46.83%33.97%35.11%32.63%-1,632 bps
Liquid Assets / Assets45.00%57.98%52.62%48.94%39.38%62.92%61.05%61.05%+1,211 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a