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Peoples State Bank

Lake City, FL · Cert 34702

FDIC · 2 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, 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

Peoples State Bank

Lake City, FL · Cert 34702

FDIC · 2 branches

Q4 2018

$86.2MAssets
$75.4MLoans
$71.6MDeposits
$7.9MEquity
Loan mix
94%RE $66.1M4%C&I $2.9M2%Consumer $1.3MQ4 2017Q4 2018
Deposit mix
79%Interest-bearing $56.5M21%Noninterest $15.2MQ4 2017Q4 2018

NIM

3.89%Q4 ’163.99%Q4 ’174.36%Q4 ’18+2%+6%

Non-interest income vs. expense

3.99%Q4 ’163.97%Q4 ’173.82%Q4 ’18-5%+3%

Executive Summary

  • Earnings: ROA of 0.76%, up 37 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 1.15% of loans (+25 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 9.22%, up 29 bps from a year ago.
  • Funding: loans stand at 105.25% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

0.76%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+22 bps YoY

Efficiency Ratio (YTD, annualized)

82.12%-317 bps YoY

Tier 1 Leverage Ratio

9.22%+29 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.40%0.13%0.44%0.54%0.76%+37 bps
Return on Equity4.43%1.51%4.98%6.08%8.55%+412 bps
Net Interest Margin3.64%3.79%3.83%3.80%3.86%+22 bps
Efficiency Ratio85.29%96.15%87.47%84.81%82.12%-317 bps
Non-Interest Burden2.95%3.62%3.26%3.10%3.03%+8 bps
Growth
Asset Growth (YoY)5.73%0.40%3.92%3.25%4.01%-172 bps
Loan Growth (YoY)15.00%19.40%25.00%14.62%12.58%-242 bps
Deposit Growth (YoY)4.80%-0.53%1.21%-1.68%-2.96%-776 bps
Asset Quality
Nonperforming Loans / Loans0.90%0.67%0.80%0.49%1.15%+25 bps
Net Charge-Offs / Loans0.15%-0.02%-0.01%-0.01%-0.05%-20 bps
Allowance / Loans1.20%1.12%1.09%1.08%0.92%-27 bps
Allowance Coverage of NPLs1.3x1.7x1.4x2.2x0.8x-0.5x
Capital
Tier 1 Leverage Ratio8.92%8.94%8.97%9.00%9.22%+29 bps
Total Risk-Based Capital11.68%11.30%11.44%11.45%11.39%-29 bps
Equity / Assets8.99%8.76%8.68%8.89%9.18%+19 bps
Liquidity & Funding
Loans / Deposits90.72%94.41%97.13%101.45%105.25%+1,453 bps
Liquid Assets / Assets5.14%2.64%2.65%1.44%1.42%-372 bps
CRE / Total Capitaln/an/an/an/an/an/an/a