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Lee County Bank & Trust, National Association

Fort Madison, IA · Cert 5819

FDIC · 3 branches

Q3 2023

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 2023, the quarter ended September 30, 2023, 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

Lee County Bank & Trust, National Association

Fort Madison, IA · Cert 5819

FDIC · 3 branches

Q3 2023

$253.9MAssets
$204.9MLoans
$197.2MDeposits
$38.2MEquity
Loan mix
84%RE $166.8M11%C&I $22.2M4%Consumer $8.8MQ3 2022Q3 2023
Deposit mix
77%Interest-bearing $152.1M23%Noninterest $45.1MQ3 2022Q3 2023

NIM

4.01%Q3 ’213.66%Q3 ’224.84%Q3 ’23-11%+7%

Non-interest income vs. expense

1.79%Q3 ’212.20%Q3 ’222.23%Q3 ’23+23%+4%

Executive Summary

  • Earnings: ROA of 0.80%, down 17 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.46% of loans (+35 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 8.13%, up 13 bps from a year ago.
  • Funding: loans stand at 103.93% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.80%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+22 bps YoY

Efficiency Ratio (YTD, annualized)

49.43%-1,376 bps YoY

Tier 1 Leverage Ratio

8.13%+13 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.98%1.12%0.86%0.81%0.80%-17 bps
Return on Equity9.42%10.58%6.83%6.09%5.83%-358 bps
Net Interest Margin3.27%3.13%3.20%3.57%3.50%+22 bps
Efficiency Ratio63.19%58.13%47.88%48.55%49.43%-1,376 bps
Non-Interest Burden1.99%1.74%1.84%2.06%2.07%+7 bps
Growth
Asset Growth (YoY)4.20%13.96%8.64%6.22%6.09%+189 bps
Loan Growth (YoY)7.39%3.47%3.19%1.14%-0.21%-761 bps
Deposit Growth (YoY)10.88%16.41%7.64%3.42%-3.94%-1,482 bps
Asset Quality
Nonperforming Loans / Loans0.11%0.10%0.10%0.47%0.46%+35 bps
Net Charge-Offs / Loans-0.01%0.00%-0.01%0.04%0.03%+4 bps
Allowance / Loans1.12%0.04%1.18%1.20%1.21%+9 bps
Allowance Coverage of NPLs10.3x0.4x11.7x2.6x2.6x-7.7x
Capital
Tier 1 Leverage Ratio8.00%4.51%6.86%7.81%8.13%+13 bps
Total Risk-Based Capital8.00%7.04%11.85%12.10%12.89%+489 bps
Equity / Assets7.88%11.12%14.34%14.92%15.06%+719 bps
Liquidity & Funding
Loans / Deposits100.04%81.53%98.25%102.28%103.93%+388 bps
Liquid Assets / Assets11.71%21.43%9.12%7.03%7.36%-435 bps
CRE / Total Capitaln/an/an/an/an/an/an/a