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Swisher Trust and Savings Bank

Swisher, IA · Cert 8516

FDIC · 1 branch

Q4 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: Q4 2018, the quarter ended December 31, 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

Swisher Trust and Savings Bank

Swisher, IA · Cert 8516

FDIC · 1 branch

Q4 2018

$52.7MAssets
$14.1MLoans
$47.6MDeposits
$4.2MEquity
Loan mix
74%RE $9.5M8%C&I $1.0M18%Consumer $2.4MQ4 2017Q4 2018
Deposit mix
70%Interest-bearing $33.4M30%Noninterest $14.2MQ4 2017Q4 2018

NIM

2.66%Q4 ’162.52%Q4 ’172.62%Q4 ’18-6%+3%

Non-interest income vs. expense

2.06%Q4 ’161.90%Q4 ’173.49%Q4 ’18-8%+93%

Market Position · Iowa City, IA · 2018 SOD (annual) · 1.1% share · #14 of 20 inst. · $0.0B of $4.3B

Executive Summary

  • Earnings: ROA of -0.77%, down 124 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.29%, down 59 bps from a year ago.
  • Funding: loans stand at 29.65% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

-0.77%-124 bps YoY

Net Interest Margin (YTD, annualized)

2.31%+6 bps YoY

Efficiency Ratio (YTD, annualized)

143.05%+6,396 bps YoY

Tier 1 Leverage Ratio

9.29%-59 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.47%0.59%0.48%0.51%-0.77%-124 bps
Return on Equity4.78%6.57%5.33%5.67%-8.75%-1,353 bps
Net Interest Margin2.25%2.26%2.29%2.27%2.31%+6 bps
Efficiency Ratio79.08%68.54%74.92%73.42%143.05%+6,396 bps
Non-Interest Burden1.75%1.51%1.68%1.63%3.36%+161 bps
Growth
Asset Growth (YoY)5.85%3.82%0.61%1.43%-1.88%-773 bps
Loan Growth (YoY)-8.96%-6.16%-7.18%-6.20%-6.12%+284 bps
Deposit Growth (YoY)6.37%5.59%1.79%2.92%-2.36%-874 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.98%0.97%0.99%1.00%1.04%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.87%10.03%10.23%10.23%9.29%-59 bps
Total Risk-Based Capital28.27%28.72%28.80%28.92%27.36%-91 bps
Equity / Assets9.20%8.89%9.04%8.74%8.06%-114 bps
Liquidity & Funding
Loans / Deposits30.84%31.50%31.55%30.58%29.65%-119 bps
Liquid Assets / Assets12.56%14.62%11.67%11.97%13.15%+59 bps
CRE / Total Capitaln/an/an/an/an/an/an/a