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State Bank of Brooks

Corning, IA · Cert 25260

FDIC · 1 branch

Q4 2023

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: Q4 2023, the quarter ended December 31, 2023, 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

State Bank of Brooks

Corning, IA · Cert 25260

FDIC · 1 branch

Q4 2023

$22.5MAssets
$6.6MLoans
$20.1MDeposits
$2.4MEquity
Loan mix
74%RE $4.5M8%C&I $0.5M18%Consumer $1.1MQ4 2022Q4 2023
Deposit mix
78%Interest-bearing $15.6M22%Noninterest $4.5MQ4 2022Q4 2023

NIM

2.17%Q4 ’212.27%Q4 ’223.06%Q4 ’23+9%+14%

Non-interest income vs. expense

1.86%Q4 ’211.92%Q4 ’222.08%Q4 ’23+3%+12%

Executive Summary

  • Earnings: ROA of 0.19%, down 5 bps year over year; NIM at 2.38%.
  • Asset quality: problem loans at 0.50% of loans (-348 bps YoY), with net charge-offs at 0.11%.
  • Capital: tier 1 leverage ratio of 10.56%, up 79 bps from a year ago.
  • Funding: loans stand at 32.78% of deposits as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

0.19%-5 bps YoY

Net Interest Margin (YTD, annualized)

2.38%+29 bps YoY

Efficiency Ratio (YTD, annualized)

84.67%-211 bps YoY

Tier 1 Leverage Ratio

10.56%+79 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.25%0.82%0.65%0.55%0.19%-5 bps
Return on Equity2.49%8.41%6.47%5.36%1.86%-63 bps
Net Interest Margin2.09%2.30%2.37%2.39%2.38%+29 bps
Efficiency Ratio86.78%57.93%55.94%68.97%84.67%-211 bps
Non-Interest Burden1.80%1.29%1.53%1.62%2.00%+21 bps
Growth
Asset Growth (YoY)7.45%3.97%-5.70%-4.18%-4.44%-1,189 bps
Loan Growth (YoY)13.48%16.54%20.10%18.60%14.90%+142 bps
Deposit Growth (YoY)7.99%3.85%-7.57%-6.59%-5.34%-1,333 bps
Asset Quality
Nonperforming Loans / Loans3.98%1.33%6.14%5.67%0.50%-348 bps
Net Charge-Offs / Loans-0.05%-0.07%0.03%0.02%0.11%+16 bps
Allowance / Loans2.39%2.39%2.10%1.97%1.98%-42 bps
Allowance Coverage of NPLs0.6x1.8x0.3x0.3x3.9x+3.3x
Capital
Tier 1 Leverage Ratio9.77%9.76%10.30%10.74%10.56%+79 bps
Total Risk-Based Capital38.54%36.59%34.90%38.80%41.53%+299 bps
Equity / Assets9.80%9.74%10.56%10.88%10.47%+67 bps
Liquidity & Funding
Loans / Deposits27.01%26.57%32.45%35.97%32.78%+577 bps
Liquid Assets / Assets71.93%72.09%69.44%65.32%66.93%-499 bps
CRE / Total Capitaln/an/an/an/an/an/an/a