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Letter portraitLegal landscapeQuarterYTD

First National Bank of Beloit, The

Beloit, KS · Cert 4630

FDIC · 1 branch

Q1 2025

$105.7MAssets
$70.6MLoans
$85.2MDeposits
$11.6MEquity
Loan mix
83%RE $45.6M13%C&I $7.1M4%Consumer $2.1MQ2 2023Q1 2025
Deposit mix
70%Interest-bearing $59.6M30%Noninterest $25.6MQ2 2023Q1 2025

Executive Summary

  • Earnings: ROA of 0.98%, up 32 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 3.75% of loans (+375 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.68%, up 94 bps from a year ago.
  • Funding: loans stand at 82.78% of deposits as of Q1 2025.

Return on Assets (YTD, annualized)

0.98%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.16%+26 bps YoY

Efficiency Ratio (YTD, annualized)

65.52%-808 bps YoY

Tier 1 Leverage Ratio

12.68%+94 bps YoY

NIM

3.60%Q1 ’234.49%Q1 ’244.82%Q1 ’25+5%+9%

Non-interest income vs. expense

2.25%Q1 ’232.30%Q1 ’242.22%Q1 ’25+3%-4%

Year to date, annualized, through each quarter.

MetricQ2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025YoY ΔTrend
Earnings
Return on Assets0.39%0.49%0.50%0.65%0.55%0.60%0.64%0.98%+32 bps
Return on Equity4.54%5.60%5.80%7.18%5.95%6.32%6.62%9.41%+223 bps
Net Interest Margin2.74%2.84%2.85%2.90%2.95%2.98%2.96%3.16%+26 bps
Efficiency Ratio76.88%75.92%75.69%73.60%75.12%74.08%73.47%65.52%-808 bps
Non-Interest Burden2.06%2.10%2.10%2.08%2.16%2.15%2.12%2.00%-8 bps
Growth
Asset Growth (YoY)3.22%1.55%7.94%0.26%0.95%7.17%-2.93%-2.13%-239 bps
Loan Growth (YoY)16.78%8.63%9.35%11.00%16.96%27.22%15.83%8.37%-263 bps
Deposit Growth (YoY)-10.24%-7.79%1.43%0.90%1.04%-3.59%-0.89%-1.28%-219 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.75%+375 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.83%1.93%1.75%1.70%1.57%1.51%1.50%1.56%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a0.4xn/an/a
Capital
Tier 1 Leverage Ratio11.66%12.28%12.12%11.74%12.06%12.20%12.05%12.68%+94 bps
Total Risk-Based Capital20.89%22.43%20.42%20.53%19.62%19.43%19.45%20.35%-18 bps
Equity / Assets8.78%8.89%8.80%9.44%9.66%10.39%9.86%10.94%+149 bps
Liquidity & Funding
Loans / Deposits71.12%67.43%67.68%75.41%82.32%88.98%79.10%82.78%+737 bps
Liquid Assets / Assets1.61%1.69%1.51%1.59%1.59%0.94%0.89%0.94%-66 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a