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Letter portraitLegal landscapeQuarterYTD

First National Bank of Beardstown, The

Beardstown, IL · Cert 3607

FDIC · 3 branches

Q3 2024

$165.1MAssets
$96.7MLoans
$141.6MDeposits
$22.8MEquity
Loan mix
82%RE $57.8M9%C&I $6.2M9%Consumer $6.5MQ4 2022Q3 2024
Deposit mix
78%Interest-bearing $111.0M22%Noninterest $30.7MQ4 2022Q3 2024

Executive Summary

  • Earnings: ROA of 2.43%, up 137 bps year over year; NIM at 5.15%.
  • Asset quality: problem loans at 0.54% of loans (+41 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.09%, down 169 bps from a year ago.
  • Funding: loans stand at 68.25% of deposits as of Q3 2024.

Return on Assets (quarter, annualized)

2.43%+137 bps YoY

Net Interest Margin (quarter, annualized)

5.15%+143 bps YoY

Efficiency Ratio (quarter, annualized)

53.63%-1,452 bps YoY

Tier 1 Leverage Ratio

10.09%-169 bps YoY

NIM

3.36%Q3 ’224.52%Q3 ’235.90%Q3 ’24+15%+39%

Non-interest income vs. expense

2.53%Q3 ’222.86%Q3 ’233.20%Q3 ’24+16%+11%

Discrete quarter, annualized.

MetricQ4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024YoY ΔTrend
Earnings
Return on Assets1.11%1.46%1.57%1.06%-4.19%2.20%2.16%2.43%+137 bps
Return on Equity12.04%15.92%16.44%10.50%-37.95%18.52%17.68%18.47%+797 bps
Net Interest Margin3.31%3.58%3.81%3.71%-6.58%5.20%5.17%5.15%+143 bps
Efficiency Ratio62.51%56.10%53.75%68.15%45.66%46.00%45.83%53.63%-1,452 bps
Non-Interest Burden1.93%1.79%1.82%2.38%-4.14%2.29%2.23%2.65%+27 bps
Growth
Asset Growth (YoY)-1.54%0.35%-0.49%3.44%3.03%-4.20%0.27%-2.50%-594 bps
Loan Growth (YoY)4.53%6.58%2.01%2.04%-0.84%2.15%-1.18%1.01%-103 bps
Deposit Growth (YoY)-0.61%-0.09%-1.60%2.32%0.26%-7.17%-2.85%-6.80%-912 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.02%0.04%0.14%0.35%0.36%0.34%0.54%+41 bps
Net Charge-Offs / Loans0.01%0.03%0.01%0.01%0.00%0.00%0.00%0.00%-1 bps
Allowance / Loans0.95%0.98%0.95%0.92%0.90%0.90%0.91%0.86%-6 bps
Allowance Coverage of NPLs59.7x59.3x22.2x6.7x2.6x2.5x2.7x1.6x-5.1x
Capital
Tier 1 Leverage Ratio10.90%10.46%11.10%11.79%8.19%8.25%9.22%10.09%-169 bps
Total Risk-Based Capital10.90%10.46%11.10%11.79%8.19%8.25%9.22%10.09%-169 bps
Equity / Assets9.27%9.11%9.97%10.20%11.89%11.82%12.57%13.80%+360 bps
Liquidity & Funding
Loans / Deposits62.13%54.58%60.08%62.97%61.45%60.06%61.11%68.25%+528 bps
Liquid Assets / Assets17.14%21.44%20.29%13.05%3.58%16.96%15.85%11.07%-199 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a