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Union National Bank

Anita, IA · Cert 26246

FDIC

Q1 2004

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 2004, the quarter ended March 31, 2004, 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

Union National Bank

Anita, IA · Cert 26246

FDIC

Q1 2004

$47.5MAssets
$38.5MLoans
$36.2MDeposits
$5.8MEquity
Loan mix
77%RE $17.8M22%C&I $5.1M1%Consumer $0.3MQ1 2003Q1 2004
Deposit mix
87%Interest-bearing $31.6M13%Noninterest $4.6MQ1 2003Q1 2004

NIM

6.97%Q1 ’026.39%Q1 ’035.74%Q1 ’040%-1%

Non-interest income vs. expense

3.09%Q1 ’023.12%Q1 ’033.26%Q1 ’04+1%+8%

Executive Summary

  • Earnings: ROA of 0.72%, down 15 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 106.44% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

0.72%-15 bps YoY

Net Interest Margin (YTD, annualized)

4.00%-5 bps YoY

Efficiency Ratio (YTD, annualized)

70.07%+274 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.87%1.04%0.66%0.30%0.72%-15 bps
Return on Equity8.73%10.31%6.53%2.85%5.98%-275 bps
Net Interest Margin4.05%4.31%4.27%0.93%4.00%-5 bps
Efficiency Ratio67.33%63.17%65.55%60.49%70.07%+274 bps
Non-Interest Burden2.54%2.49%2.59%0.49%2.74%+20 bps
Growth
Asset Growth (YoY)3.85%4.58%1.64%-0.43%0.51%-335 bps
Loan Growth (YoY)7.44%4.69%-2.68%-5.18%-6.09%-1,352 bps
Deposit Growth (YoY)0.18%-1.79%-1.57%-5.67%-4.65%-483 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.07%0.69%-0.03%0.07%-9 bps
Allowance / Loans1.20%1.19%1.21%1.45%1.45%+24 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 Capital12.03%13.15%13.03%10.02%10.20%-183 bps
Equity / Assets10.19%10.39%10.17%11.71%12.23%+204 bps
Liquidity & Funding
Loans / Deposits108.07%116.57%109.98%100.64%106.44%-163 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a