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First State Bank

Nora Springs, IA · Cert 8093

FDIC

Q3 2009

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 2009, the quarter ended September 30, 2009, 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

Nora Springs, IA · Cert 8093

FDIC

Q3 2009

$86.3MAssets
$53.3MLoans
$72.8MDeposits
$9.2MEquity
Loan mix
88%RE $30.6M11%C&I $3.9M0%Consumer $0.2MQ3 2008Q3 2009
Deposit mix
83%Interest-bearing $60.3M17%Noninterest $12.4MQ3 2008Q3 2009

NIM

6.25%Q3 ’075.22%Q3 ’084.95%Q3 ’09-10%+4%

Non-interest income vs. expense

2.88%Q3 ’072.49%Q3 ’082.27%Q3 ’09-14%-8%

Executive Summary

  • Earnings: ROA of 1.11%, down 16 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 73.23% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.11%-16 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+12 bps YoY

Efficiency Ratio (YTD, annualized)

58.12%-686 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets1.28%1.24%1.56%1.02%1.11%-16 bps
Return on Equity12.35%11.84%13.80%9.13%10.08%-227 bps
Net Interest Margin3.31%3.41%3.83%3.62%3.43%+12 bps
Efficiency Ratio64.98%65.86%59.21%61.09%58.12%-686 bps
Non-Interest Burden2.03%2.13%2.13%2.09%1.86%-16 bps
Growth
Asset Growth (YoY)57.74%49.94%1.80%7.17%11.92%-4,582 bps
Loan Growth (YoY)36.39%30.48%5.24%5.50%5.67%-3,072 bps
Deposit Growth (YoY)64.69%55.42%2.60%8.87%15.14%-4,956 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.08%0.10%0.21%0.63%+60 bps
Allowance / Loans1.25%1.27%1.23%1.47%1.23%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.33%12.68%12.87%12.56%12.54%+21 bps
Equity / Assets10.84%11.15%11.52%10.89%10.64%-20 bps
Liquidity & Funding
Loans / Deposits79.79%75.26%78.88%75.65%73.23%-656 bps
Liquid Assets / Assets0.19%0.07%0.09%0.12%2.94%+275 bps
CRE / Total Capitaln/an/an/an/an/an/an/a