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Mohave State Bank

Lake Havasu City, AZ · Cert 33508

FDIC · 10 branches

Q4 2019

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 2019, the quarter ended December 31, 2019, 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

Mohave State Bank

Lake Havasu City, AZ · Cert 33508

FDIC · 10 branches

Q4 2019

$677.6MAssets
$439.2MLoans
$586.8MDeposits
$80.0MEquity
Loan mix
85%RE $244.7M12%C&I $34.4M3%Consumer $7.8MQ4 2018Q4 2019
Deposit mix
78%Interest-bearing $455.9M22%Noninterest $130.9MQ4 2018Q4 2019

NIM

3.63%Q4 ’173.89%Q4 ’184.10%Q4 ’19+5%-1%

Non-interest income vs. expense

2.64%Q4 ’172.73%Q4 ’182.91%Q4 ’19-1%+6%

Market Position · Lake Havasu City-Kingman, AZ · 2019 SOD (annual) · 11.8% share · #3 of 11 inst. · $0.4B of $3.0B

11.8% Mohave
5.6% Yavapai
0.0% Maricopa

Executive Summary

  • Earnings: ROA of 1.22%, down 18 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.40% of loans (+6 bps YoY), with net recoveries of 0.07%.
  • Capital: tier 1 leverage ratio of 10.81%, up 39 bps from a year ago.
  • Funding: loans stand at 74.85% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

1.22%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.69%-4 bps YoY

Efficiency Ratio (YTD, annualized)

62.88%+382 bps YoY

Tier 1 Leverage Ratio

10.81%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets1.40%1.15%1.27%1.34%1.22%-18 bps
Return on Equity13.29%10.57%11.51%11.93%10.76%-253 bps
Net Interest Margin3.74%3.76%3.67%3.67%3.69%-4 bps
Efficiency Ratio59.06%61.95%60.06%59.92%62.88%+382 bps
Non-Interest Burden1.89%2.07%1.93%1.90%2.01%+12 bps
Growth
Asset Growth (YoY)5.59%6.82%5.75%5.28%3.41%-218 bps
Loan Growth (YoY)16.59%15.45%12.67%7.05%7.23%-936 bps
Deposit Growth (YoY)1.51%4.88%5.37%4.62%5.17%+367 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.31%0.58%0.50%0.40%+6 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.18%-0.12%-0.07%-6 bps
Allowance / Loans0.93%0.99%1.10%1.10%1.09%+16 bps
Allowance Coverage of NPLs2.7x3.2x1.9x2.2x2.7x0.0x
Capital
Tier 1 Leverage Ratio10.42%10.39%10.40%10.65%10.81%+39 bps
Total Risk-Based Capital13.94%14.32%14.83%15.37%14.94%+101 bps
Equity / Assets10.87%10.93%11.36%11.70%11.81%+94 bps
Liquidity & Funding
Loans / Deposits73.42%71.22%69.85%70.31%74.85%+143 bps
Liquid Assets / Assets2.81%5.28%6.08%6.82%5.54%+273 bps
CRE / Total Capitaln/an/an/an/an/an/an/a