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Corning Bank, The

Corning, AR · Cert 25234

FDIC

Q3 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: Q3 2002, the quarter ended September 30, 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

Corning Bank, The

Corning, AR · Cert 25234

FDIC

Q3 2002

$86.8MAssets
$66.6MLoans
$71.9MDeposits
$14.5MEquity
Loan mix
89%RE $28.5M9%C&I $2.8M2%Consumer $0.6MQ3 2001Q3 2002
Deposit mix
81%Interest-bearing $58.1M19%Noninterest $13.7MQ3 2001Q3 2002

NIM

7.64%Q1 ’017.60%Q3 ’016.49%Q3 ’02+5%+2%

Non-interest income vs. expense

2.07%Q1 ’012.00%Q3 ’011.94%Q3 ’02-6%-6%

Executive Summary

  • Earnings: ROA of 1.73%, down 2 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 92.69% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

1.73%-2 bps YoY

Net Interest Margin (YTD, annualized)

4.35%+8 bps YoY

Efficiency Ratio (YTD, annualized)

40.60%-222 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.75%1.66%1.58%1.66%1.73%-2 bps
Return on Equityn/an/a10.29%10.72%10.96%n/a
Net Interest Margin4.27%4.13%4.07%4.17%4.35%+8 bps
Efficiency Ratio42.82%44.28%42.94%41.59%40.60%-222 bps
Non-Interest Burden1.60%1.61%1.53%1.49%1.51%-9 bps
Growth
Asset Growth (YoY)4.26%6.85%5.72%8.51%1.96%-230 bps
Loan Growth (YoY)9.06%8.37%12.34%7.53%9.45%+40 bps
Deposit Growth (YoY)3.16%6.76%5.82%8.76%1.12%-204 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.04%0.25%0.17%0.12%+8 bps
Allowance / Loans1.19%1.33%1.32%1.20%1.21%+2 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 Capital21.73%22.48%22.88%21.68%21.95%+22 bps
Equity / Assets15.80%15.21%15.42%15.74%16.73%+93 bps
Liquidity & Funding
Loans / Deposits85.64%78.66%78.83%87.08%92.69%+705 bps
Liquid Assets / Assets6.72%1.95%1.88%1.85%0.67%-605 bps
CRE / Total Capitaln/an/an/an/an/an/an/a