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First State Bank of Warner, South Dakota

Warner, SD · Cert 6074

FDIC · 2 branches

Q2 2018

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: Q2 2018, the quarter ended June 30, 2018, 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 Warner, South Dakota

Warner, SD · Cert 6074

FDIC · 2 branches

Q2 2018

$82.8MAssets
$70.4MLoans
$58.2MDeposits
$11.5MEquity
Loan mix
73%RE $35.1M23%C&I $10.9M4%Consumer $2.2MQ2 2017Q2 2018
Deposit mix
79%Interest-bearing $45.8M21%Noninterest $12.4MQ2 2017Q2 2018

NIM

4.66%Q2 ’164.79%Q2 ’175.02%Q2 ’18+1%+4%

Non-interest income vs. expense

3.09%Q2 ’164.52%Q2 ’172.55%Q2 ’18+49%-44%

Executive Summary

  • Earnings: ROA of 1.39%, up 80 bps year over year; NIM at 4.60%.
  • Asset quality: problem loans at 2.18% of loans (-283 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 10.99%, up 23 bps from a year ago.
  • Funding: loans stand at 120.99% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

1.39%+80 bps YoY

Net Interest Margin (YTD, annualized)

4.60%+18 bps YoY

Efficiency Ratio (YTD, annualized)

45.92%-3,849 bps YoY

Tier 1 Leverage Ratio

10.99%+23 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.59%0.67%0.76%2.14%1.39%+80 bps
Return on Equity5.38%5.54%6.06%15.03%9.86%+448 bps
Net Interest Margin4.43%1.24%2.07%4.69%4.60%+18 bps
Efficiency Ratio84.41%45.15%57.87%49.29%45.92%-3,849 bps
Non-Interest Burden3.59%0.57%1.23%2.30%2.00%-159 bps
Growth
Asset Growth (YoY)13.53%7.94%18.04%22.46%21.00%+748 bps
Loan Growth (YoY)16.29%3.44%13.98%26.55%22.83%+654 bps
Deposit Growth (YoY)-2.42%8.46%10.65%8.58%12.56%+1,498 bps
Asset Quality
Nonperforming Loans / Loans5.01%2.70%1.84%1.93%2.18%-283 bps
Net Charge-Offs / Loans-0.04%-0.01%-0.02%-0.05%-0.05%0 bps
Allowance / Loans1.43%0.01%0.02%0.03%0.61%-82 bps
Allowance Coverage of NPLs0.3x0.0x0.0x0.0x0.3x0.0x
Capital
Tier 1 Leverage Ratio10.77%11.96%11.96%10.79%10.99%+23 bps
Total Risk-Based Capital12.64%13.07%12.19%11.86%11.94%-70 bps
Equity / Assets10.53%15.41%14.01%14.44%13.85%+332 bps
Liquidity & Funding
Loans / Deposits110.87%96.23%95.67%106.64%120.99%+1,011 bps
Liquid Assets / Assets2.52%2.12%1.90%1.58%0.90%-163 bps
CRE / Total Capitaln/an/an/an/an/an/an/a