First National Bank in Creston, The

Creston, IA · Cert 4444

FDIC · 4 branches

Q1 2024

$449.7MAssets

$278.8MLoans

$351.0MDeposits

$36.2MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of 0.48%, down 12 bps year over year; NIM at 2.22%.
Asset quality: problem loans at 0.39% of loans (-11 bps YoY), with net charge-offs at 0.02%.

Return on Assets (YTD, annualized)

0.48%-12 bps YoY

Net Interest Margin (YTD, annualized)

2.22%-27 bps YoY

Efficiency Ratio (YTD, annualized)

77.27%+192 bps YoY

Tier 1 Leverage Ratio

9.41%+71 bps YoY

Year to date, annualized, through each quarter.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	YoY Δ	Trend
Earnings
Return on Assets	0.60%	0.59%	0.60%	0.58%	0.48%	-12 bps
Return on Equity	8.67%	8.43%	8.52%	7.96%	6.05%	-261 bps
Net Interest Margin	2.49%	2.49%	2.48%	2.46%	2.22%	-27 bps
Efficiency Ratio	75.35%	75.59%	75.31%	75.83%	77.27%	+192 bps
Non-Interest Burden	1.64%	1.65%	1.63%	1.65%	1.51%	-13 bps
Growth
Asset Growth (YoY)	4.05%	4.97%	3.06%	0.09%	0.99%	-306 bps
Loan Growth (YoY)	12.63%	14.36%	8.81%	2.39%	0.06%	-1,256 bps
Deposit Growth (YoY)	1.77%	-4.99%	-9.64%	-7.09%	-5.61%	-738 bps
Asset Quality
Nonperforming Loans / Loans	0.50%	0.28%	0.20%	0.32%	0.39%	-11 bps
Net Charge-Offs / Loans	0.05%	0.02%	0.01%	0.02%	0.02%	-3 bps
Allowance / Loans	1.11%	1.14%	1.19%	1.22%	1.27%	+15 bps
Allowance Coverage of NPLs	2.2x	4.1x	6.1x	3.8x	3.3x	+1.0x
Capital
Tier 1 Leverage Ratio	8.71%	8.89%	9.06%	9.23%	9.41%	+71 bps
Total Risk-Based Capital	12.82%	13.07%	13.18%	13.50%	14.47%	+164 bps
Equity / Assets	7.19%	7.28%	7.15%	7.97%	8.04%	+85 bps
Liquidity & Funding
Loans / Deposits	74.91%	79.41%	84.39%	81.16%	79.41%	+450 bps
Liquid Assets / Assets	0.52%	0.37%	0.34%	0.39%	4.12%	+360 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a