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Morgan Federal Bank

Fort Morgan, CO · Cert 29439

FDIC · 1 branch

Q3 2017

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 2017, the quarter ended September 30, 2017, 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

Morgan Federal Bank

Fort Morgan, CO · Cert 29439

FDIC · 1 branch

Q3 2017

$106.3MAssets
$51.8MLoans
$91.8MDeposits
$11.2MEquity
Loan mix
89%RE $40.8M10%C&I $4.5M1%Consumer $0.5MQ3 2016Q3 2017
Deposit mix
82%Interest-bearing $75.2M18%Noninterest $16.6MQ3 2016Q3 2017

NIM

2.89%Q3 ’153.08%Q3 ’163.18%Q3 ’17+4%+5%

Non-interest income vs. expense

3.11%Q3 ’153.14%Q3 ’165.01%Q3 ’17+2%+131%

Executive Summary

  • Earnings: ROA of -1.11%, down 183 bps year over year; NIM at 2.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.80%, down 79 bps from a year ago.
  • Funding: loans stand at 56.48% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

-1.11%-183 bps YoY

Net Interest Margin (YTD, annualized)

2.71%+12 bps YoY

Efficiency Ratio (YTD, annualized)

142.79%+6,307 bps YoY

Tier 1 Leverage Ratio

9.80%-79 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets0.72%0.68%0.42%0.89%-1.11%-183 bps
Return on Equity6.68%6.31%3.85%8.10%-10.16%-1,684 bps
Net Interest Margin2.59%2.63%2.71%2.73%2.71%+12 bps
Efficiency Ratio79.72%79.98%98.74%81.64%142.79%+6,307 bps
Non-Interest Burden1.84%1.89%2.71%2.05%4.24%+240 bps
Growth
Asset Growth (YoY)1.74%-3.30%-3.93%-4.35%-8.38%-1,011 bps
Loan Growth (YoY)15.50%8.60%4.28%-0.71%-2.67%-1,817 bps
Deposit Growth (YoY)-2.00%-0.85%1.58%3.81%-0.54%+147 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.02%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.69%0.69%0.70%0.70%0.70%+2 bps
Allowance Coverage of NPLsn/an/a36.5x365.0x365.0xn/a
Capital
Tier 1 Leverage Ratio10.60%10.76%10.89%11.03%9.80%-79 bps
Total Risk-Based Capital18.29%18.43%18.65%20.72%18.73%+44 bps
Equity / Assets11.12%10.85%11.02%11.25%10.53%-59 bps
Liquidity & Funding
Loans / Deposits57.71%54.14%54.06%53.78%56.48%-124 bps
Liquid Assets / Assets3.61%5.63%4.40%11.08%8.79%+517 bps
CRE / Total Capitaln/an/an/an/an/an/an/a