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First National Bank of Elkhart

Elkhart, KS · Cert 25851

FDIC · 4 branches

Q1 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: Q1 2023, the quarter ended March 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

First National Bank of Elkhart

Elkhart, KS · Cert 25851

FDIC · 4 branches

Q1 2023

$139.4MAssets
$49.3MLoans
$130.1MDeposits
$8.3MEquity
Loan mix
70%RE $18.8M20%C&I $5.5M10%Consumer $2.7MQ1 2022Q1 2023
Deposit mix
72%Interest-bearing $93.2M28%Noninterest $36.9MQ1 2022Q1 2023

NIM

3.30%Q1 ’213.16%Q1 ’224.28%Q1 ’23-2%+11%

Non-interest income vs. expense

2.45%Q1 ’212.37%Q1 ’222.59%Q1 ’23+18%+10%

Executive Summary

  • Earnings: ROA of 0.86%, up 14 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 2.10% of loans (-205 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 9.08%, up 47 bps from a year ago.
  • Funding: loans stand at 37.87% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

0.86%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.22%+31 bps YoY

Efficiency Ratio (YTD, annualized)

71.04%-58 bps YoY

Tier 1 Leverage Ratio

9.08%+47 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.72%0.71%0.77%0.81%0.86%+14 bps
Return on Equity8.16%9.05%10.67%11.55%14.54%+639 bps
Net Interest Margin2.90%2.98%3.00%3.20%3.22%+31 bps
Efficiency Ratio71.62%73.10%72.56%72.77%71.04%-58 bps
Non-Interest Burden1.95%2.06%2.05%2.19%2.15%+19 bps
Growth
Asset Growth (YoY)3.57%3.34%-0.05%-1.36%-0.26%-383 bps
Loan Growth (YoY)-15.65%-24.48%-20.02%-22.47%-10.80%+485 bps
Deposit Growth (YoY)6.18%9.27%6.25%3.26%1.78%-440 bps
Asset Quality
Nonperforming Loans / Loans4.15%0.79%1.17%1.69%2.10%-205 bps
Net Charge-Offs / Loans0.00%0.05%0.04%0.08%-0.06%-6 bps
Allowance / Loans1.94%2.07%1.94%1.87%2.12%+18 bps
Allowance Coverage of NPLs0.5x2.6x1.7x1.1x1.0x+0.5x
Capital
Tier 1 Leverage Ratio8.61%9.20%9.01%9.79%9.08%+47 bps
Total Risk-Based Capital21.03%18.10%18.08%18.21%18.91%-212 bps
Equity / Assets7.97%5.86%5.27%5.90%5.95%-202 bps
Liquidity & Funding
Loans / Deposits43.21%40.00%43.67%42.25%37.87%-534 bps
Liquid Assets / Assets4.24%3.02%4.47%4.55%5.65%+140 bps
CRE / Total Capitaln/an/an/an/an/an/an/a