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State Bank of Lismore

Lismore, MN · Cert 8190

FDIC · 1 branch

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

State Bank of Lismore

Lismore, MN · Cert 8190

FDIC · 1 branch

Q3 2023

$61.9MAssets
$50.6MLoans
$49.3MDeposits
$8.1MEquity
Loan mix
66%RE $15.2M24%C&I $5.5M10%Consumer $2.4MQ3 2022Q3 2023
Deposit mix
70%Interest-bearing $34.4M30%Noninterest $14.9MQ3 2022Q3 2023

NIM

4.72%Q3 ’214.22%Q3 ’226.18%Q3 ’23-4%+35%

Non-interest income vs. expense

2.76%Q3 ’212.82%Q3 ’223.05%Q3 ’23+0%-13%

Executive Summary

  • Earnings: ROA of 2.79%, up 186 bps year over year; NIM at 5.02%.
  • Asset quality: problem loans at 0.75% of loans (+75 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.19%, up 162 bps from a year ago.
  • Funding: loans stand at 102.61% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

2.79%+186 bps YoY

Net Interest Margin (YTD, annualized)

5.02%+131 bps YoY

Efficiency Ratio (YTD, annualized)

51.10%-1,719 bps YoY

Tier 1 Leverage Ratio

13.19%+162 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.93%1.02%1.51%2.18%2.79%+186 bps
Return on Equity8.46%9.26%12.97%18.41%22.92%+1,446 bps
Net Interest Margin3.70%3.72%4.36%4.51%5.02%+131 bps
Efficiency Ratio68.29%68.60%59.68%51.62%51.10%-1,719 bps
Non-Interest Burden2.40%2.43%2.48%1.70%2.09%-30 bps
Growth
Asset Growth (YoY)-3.12%-0.49%-1.00%-1.18%1.63%+475 bps
Loan Growth (YoY)4.57%1.52%2.68%11.52%6.58%+201 bps
Deposit Growth (YoY)-0.13%2.84%-0.29%0.26%0.17%+30 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.16%0.05%0.75%+75 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.00%0.00%+1 bps
Allowance / Loans1.48%1.26%1.04%1.03%1.06%-42 bps
Allowance Coverage of NPLsn/an/a6.4x19.9x1.4xn/a
Capital
Tier 1 Leverage Ratio11.57%11.38%12.02%12.28%13.19%+162 bps
Total Risk-Based Capital14.72%14.00%14.54%14.80%15.96%+124 bps
Equity / Assets11.62%11.30%11.94%12.36%13.17%+156 bps
Liquidity & Funding
Loans / Deposits96.44%100.62%98.84%105.62%102.61%+617 bps
Liquid Assets / Assets3.72%3.43%2.94%2.85%2.82%-90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a