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Interstate Federal Savings and Loan Association

McGregor, IA · Cert 29501

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

Interstate Federal Savings and Loan Association

McGregor, IA · Cert 29501

FDIC · 1 branch

Q4 2023

$6.9MAssets
$5.9MLoans
$5.2MDeposits
$1.7MEquity
Deposit mix
100%Interest-bearing $5.2M0%Noninterest $0.0MQ4 2022Q4 2023

NIM

3.09%Q4 ’213.24%Q4 ’223.99%Q4 ’23+14%-10%

Non-interest income vs. expense

2.91%Q4 ’213.21%Q4 ’224.06%Q4 ’23+10%+27%

Executive Summary

  • Earnings: ROA of -1.23%, down 142 bps year over year; NIM at 2.74%.
  • 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 23.14%, down 18 bps from a year ago.
  • Funding: loans stand at 112.39% of deposits as of Q4 2023.

Financial Results

Return on Assets (YTD, annualized)

-1.23%-142 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-30 bps YoY

Efficiency Ratio (YTD, annualized)

145.64%+4,212 bps YoY

Tier 1 Leverage Ratio

23.14%-18 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023YoY ΔTrend
Earnings
Return on Assets0.18%-0.40%-0.74%-1.13%-1.23%-142 bps
Return on Equity0.82%-1.61%-3.01%-4.59%-5.05%-587 bps
Net Interest Margin3.04%2.94%2.86%2.86%2.74%-30 bps
Efficiency Ratio103.52%113.21%125.00%141.61%145.64%+4,212 bps
Non-Interest Burden3.13%3.32%3.57%4.06%3.99%+86 bps
Growth
Asset Growth (YoY)-15.72%-8.45%-10.91%-7.63%1.18%+1,691 bps
Loan Growth (YoY)-3.90%5.01%2.04%8.88%11.05%+1,495 bps
Deposit Growth (YoY)-17.65%-11.22%-14.23%-9.86%2.74%+2,039 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.50%1.56%1.51%1.37%1.33%-17 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio23.32%23.85%23.60%24.21%23.14%-18 bps
Total Risk-Based Capital56.89%50.73%50.31%44.85%43.86%-1,303 bps
Equity / Assets25.37%23.87%24.28%24.81%23.80%-156 bps
Liquidity & Funding
Loans / Deposits103.99%96.07%101.44%113.39%112.39%+840 bps
Liquid Assets / Assets21.06%25.18%22.15%13.47%12.75%-832 bps
CRE / Total Capitaln/an/an/an/an/an/an/a