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New Buffalo Savings Bank, A Federal Savings Bank

New Buffalo, MI · Cert 31257

FDIC · 3 branches

Q1 2020

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 2020, the quarter ended March 31, 2020, 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 2026-10-10

New Buffalo Savings Bank, A Federal Savings Bank

New Buffalo, MI · Cert 31257

FDIC · 3 branches

Q1 2020

$112.2MAssets
$83.8MLoans
$90.9MDeposits
$15.9MEquity
Loan mix
97%RE $42.8M3%C&I $1.4M0%Consumer $0.1MQ1 2019Q1 2020
Deposit mix
98%Interest-bearing $89.3M2%Noninterest $1.5MQ1 2019Q1 2020

NIM

3.96%Q1 ’184.16%Q1 ’194.28%Q1 ’20-5%+7%

Non-interest income vs. expense

3.83%Q1 ’183.54%Q1 ’193.91%Q1 ’20-29%+89%

Market Position · Niles, MI · 2019 SOD (annual) · 4.5% share · #7 of 10 inst. · $0.1B of $2.2B

Executive Summary

  • Earnings: ROA of 0.07%, down 137 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (-235 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 14.15%, up 119 bps from a year ago.
  • Funding: loans stand at 92.24% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.07%-137 bps YoY

Net Interest Margin (YTD, annualized)

3.17%+21 bps YoY

Efficiency Ratio (YTD, annualized)

92.59%+2,166 bps YoY

Tier 1 Leverage Ratio

14.15%+119 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets1.44%0.67%0.75%0.71%0.07%-137 bps
Return on Equity11.36%5.24%5.85%5.46%0.50%-1,086 bps
Net Interest Margin2.96%2.93%2.86%2.85%3.17%+21 bps
Efficiency Ratio70.93%86.87%84.55%86.19%92.59%+2,166 bps
Non-Interest Burden1.51%2.38%2.19%2.25%2.86%+135 bps
Growth
Asset Growth (YoY)-1.46%0.80%3.19%-2.23%-6.31%-485 bps
Loan Growth (YoY)-7.06%-5.34%-4.72%-6.04%-6.28%+78 bps
Deposit Growth (YoY)1.32%4.65%7.76%-3.62%-8.16%-948 bps
Asset Quality
Nonperforming Loans / Loans2.35%2.23%1.08%0.00%0.00%-235 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%-0.01%-1 bps
Allowance / Loans1.21%1.14%1.12%1.12%1.23%+2 bps
Allowance Coverage of NPLs0.5x0.5x1.0xn/an/an/a
Capital
Tier 1 Leverage Ratio12.96%12.87%12.89%13.28%14.15%+119 bps
Total Risk-Based Capital18.13%18.15%18.13%18.71%18.29%+15 bps
Equity / Assets12.87%12.75%12.85%13.60%14.17%+130 bps
Liquidity & Funding
Loans / Deposits90.39%88.52%89.85%89.55%92.24%+185 bps
Liquid Assets / Assets2.00%2.26%2.28%1.78%1.46%-54 bps
CRE / Total Capitaln/an/an/an/an/an/an/a