PackageTrendsPeer
Letter portraitLegal landscape

Manson State Bank

Manson, IA · Cert 223

FDIC · 1 branch

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

Manson State Bank

Manson, IA · Cert 223

FDIC · 1 branch

Q1 2022

$42.8MAssets
$13.5MLoans
$40.2MDeposits
$2.6MEquity
Loan mix
57%RE $5.0M37%C&I $3.3M6%Consumer $0.5MQ1 2021Q1 2022
Deposit mix
77%Interest-bearing $31.0M23%Noninterest $9.2MQ1 2021Q1 2022

NIM

3.41%Q1 ’202.31%Q1 ’212.15%Q1 ’22-31%-7%

Non-interest income vs. expense

2.41%Q1 ’202.11%Q1 ’211.88%Q1 ’22-42%+47%

Executive Summary

  • Earnings: ROA of 0.21%, down 72 bps year over year; NIM at 1.98%.
  • Asset quality: problem loans at 3.88% of loans (-71 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.96%, down 52 bps from a year ago.
  • Funding: loans stand at 33.52% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

0.21%-72 bps YoY

Net Interest Margin (YTD, annualized)

1.98%-15 bps YoY

Efficiency Ratio (YTD, annualized)

87.83%+1,910 bps YoY

Tier 1 Leverage Ratio

9.96%-52 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.93%0.57%0.40%0.53%0.21%-72 bps
Return on Equity8.74%5.51%3.82%5.10%2.65%-609 bps
Net Interest Margin2.13%2.03%2.02%2.03%1.98%-15 bps
Efficiency Ratio68.73%77.74%83.68%79.17%87.83%+1,910 bps
Non-Interest Burden1.16%1.44%1.61%1.48%1.71%+55 bps
Growth
Asset Growth (YoY)16.18%13.17%5.69%5.59%7.83%-835 bps
Loan Growth (YoY)4.58%-10.14%-12.91%-15.93%-20.54%-2,513 bps
Deposit Growth (YoY)20.16%16.94%8.27%7.19%12.54%-761 bps
Asset Quality
Nonperforming Loans / Loans4.59%4.88%5.24%5.07%3.88%-71 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%0.00%0.00%0 bps
Allowance / Loans2.50%2.66%2.85%2.99%3.15%+65 bps
Allowance Coverage of NPLs0.5x0.5x0.5x0.6x0.8x+0.3x
Capital
Tier 1 Leverage Ratio10.47%10.14%10.10%10.41%9.96%-52 bps
Total Risk-Based Capital10.47%10.14%10.10%10.41%9.96%-52 bps
Equity / Assets9.94%10.08%10.19%9.97%6.04%-390 bps
Liquidity & Funding
Loans / Deposits47.48%43.75%41.36%38.39%33.52%-1,396 bps
Liquid Assets / Assets2.76%5.75%5.01%13.43%15.85%+1,309 bps
CRE / Total Capitaln/an/an/an/an/an/an/a