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Letter portraitLegal landscapeQuarterYTD

First National Bank of Arcola, The

Arcola, IL · Cert 3598

FDIC · 3 branches

Q1 2024

$121.5MAssets
$28.2MLoans
$111.5MDeposits
$4.5MEquity
Loan mix
83%RE $17.7M14%C&I $3.0M3%Consumer $0.5MQ2 2022Q1 2024
Deposit mix
76%Interest-bearing $85.1M24%Noninterest $26.5MQ2 2022Q1 2024

Executive Summary

  • Earnings: ROA of 0.24%, down 21 bps year over year; NIM at 1.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 11.07%, up 111 bps from a year ago.
  • Funding: loans stand at 25.28% of deposits as of Q1 2024.

Return on Assets (YTD, annualized)

0.24%-21 bps YoY

Net Interest Margin (YTD, annualized)

1.64%-23 bps YoY

Efficiency Ratio (YTD, annualized)

108.61%+3,302 bps YoY

Tier 1 Leverage Ratio

11.07%+111 bps YoY

NIM

2.04%Q1 ’222.51%Q1 ’233.08%Q1 ’24-2%-12%

Non-interest income vs. expense

1.60%Q1 ’221.59%Q1 ’232.11%Q1 ’24+12%+34%

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.58%0.55%0.47%0.45%0.36%0.28%0.34%0.24%-21 bps
Return on Equity8.21%9.76%9.72%18.50%14.89%13.40%14.27%6.50%-1,200 bps
Net Interest Margin2.00%2.01%1.98%1.87%1.97%1.85%1.79%1.64%-23 bps
Efficiency Ratio69.75%71.81%75.50%75.59%79.83%83.39%86.00%108.61%+3,302 bps
Non-Interest Burden1.29%1.36%1.42%1.35%1.51%1.50%1.49%1.81%+46 bps
Growth
Asset Growth (YoY)-2.33%-3.35%-7.15%-6.14%-7.15%-2.54%7.01%-3.30%+284 bps
Loan Growth (YoY)6.22%16.94%17.90%37.27%26.73%23.73%9.85%11.20%-2,608 bps
Deposit Growth (YoY)4.93%4.50%1.93%-2.97%-9.11%-2.63%2.51%-6.51%-355 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%+3 bps
Allowance / Loans3.14%2.79%2.51%2.61%2.47%2.25%1.62%1.13%-148 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.91%10.00%10.07%9.95%11.02%11.06%11.20%11.07%+111 bps
Total Risk-Based Capital22.48%22.25%22.36%21.88%21.86%21.63%21.72%22.53%+65 bps
Equity / Assets4.02%0.94%1.66%3.18%2.34%1.02%3.77%3.70%+52 bps
Liquidity & Funding
Loans / Deposits16.82%19.96%22.44%21.25%23.45%25.37%24.05%25.28%+403 bps
Liquid Assets / Assets8.46%4.04%4.65%5.42%4.99%4.14%8.45%5.25%-17 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a