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First State Bank of Colfax

Colfax, IA · Cert 4440

FDIC · 1 branch

Q3 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: Q3 2019, the quarter ended September 30, 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

First State Bank of Colfax

Colfax, IA · Cert 4440

FDIC · 1 branch

Q3 2019

$63.5MAssets
$22.1MLoans
$47.8MDeposits
$15.6MEquity
Loan mix
83%RE $11.8M14%C&I $2.0M3%Consumer $0.5MQ3 2018Q3 2019
Deposit mix
75%Interest-bearing $35.7M25%Noninterest $12.1MQ3 2018Q3 2019

NIM

3.60%Q3 ’173.67%Q3 ’183.69%Q3 ’19+1%+1%

Non-interest income vs. expense

1.14%Q3 ’171.17%Q3 ’181.20%Q3 ’19-22%+37%

Market Position · Des Moines-West Des Moines, IA · 2019 SOD (annual) · 0.2% share · #42 of 55 inst. · $0.0B of $20.5B

Executive Summary

  • Earnings: ROA of 1.97%, down 62 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 24.38%, up 307 bps from a year ago.
  • Funding: loans stand at 46.24% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.97%-62 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+2 bps YoY

Efficiency Ratio (YTD, annualized)

35.94%+324 bps YoY

Tier 1 Leverage Ratio

24.38%+307 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets2.59%2.36%1.87%1.95%1.97%-62 bps
Return on Equity13.05%11.66%8.39%8.55%8.51%-454 bps
Net Interest Margin3.18%3.18%3.09%3.18%3.20%+2 bps
Efficiency Ratio32.70%35.90%37.48%36.63%35.94%+324 bps
Non-Interest Burden0.78%0.93%1.09%1.09%1.07%+29 bps
Growth
Asset Growth (YoY)-1.63%-5.37%-7.67%-6.23%-2.50%-87 bps
Loan Growth (YoY)-1.62%-5.63%-12.79%-12.67%-8.77%-715 bps
Deposit Growth (YoY)-4.12%-7.05%-6.26%-4.40%1.04%+516 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.12%-0.10%0.00%0.00%0.00%+12 bps
Allowance / Loans1.59%1.70%1.73%1.73%1.75%+16 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio21.31%21.83%22.67%23.57%24.38%+307 bps
Total Risk-Based Capital42.37%44.21%46.86%48.59%50.15%+778 bps
Equity / Assets21.93%21.60%22.94%23.79%24.59%+266 bps
Liquidity & Funding
Loans / Deposits51.21%45.15%44.71%45.74%46.24%-497 bps
Liquid Assets / Assets48.03%46.16%45.45%43.03%40.99%-704 bps
CRE / Total Capitaln/an/an/an/an/an/an/a