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First State Bank of Warren

Warren, AR · Cert 94

FDIC · 4 branches

Q1 2024

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: Q1 2024, the quarter ended March 31, 2024, 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 Warren

Warren, AR · Cert 94

FDIC · 4 branches

Q1 2024

$114.0MAssets
$55.9MLoans
$107.9MDeposits
$5.8MEquity
Loan mix
44%RE $20.2M47%C&I $21.6M10%Consumer $4.5MQ1 2023Q1 2024
Deposit mix
78%Interest-bearing $83.7M22%Noninterest $24.3MQ1 2023Q1 2024

NIM

2.84%Q1 ’223.26%Q1 ’233.86%Q1 ’24-4%-1%

Non-interest income vs. expense

2.49%Q1 ’222.68%Q1 ’232.63%Q1 ’24+2%-22%

Executive Summary

  • Earnings: ROA of 0.70%, up 33 bps year over year; NIM at 2.52%.
  • Asset quality: problem loans at 0.16% of loans (-27 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.93%, up 24 bps from a year ago.
  • Funding: loans stand at 51.80% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

0.70%+33 bps YoY

Net Interest Margin (YTD, annualized)

2.52%-3 bps YoY

Efficiency Ratio (YTD, annualized)

74.53%-1,009 bps YoY

Tier 1 Leverage Ratio

11.93%+24 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets0.37%0.33%0.28%0.32%0.70%+33 bps
Return on Equity7.79%7.00%6.37%7.00%13.89%+610 bps
Net Interest Margin2.54%2.50%2.47%2.48%2.52%-3 bps
Efficiency Ratio84.62%88.15%89.50%88.34%74.53%-1,009 bps
Non-Interest Burden2.06%2.14%2.15%2.12%1.61%-44 bps
Growth
Asset Growth (YoY)0.71%2.93%1.90%0.44%-2.92%-363 bps
Loan Growth (YoY)13.33%7.94%6.48%8.77%2.09%-1,124 bps
Deposit Growth (YoY)0.79%0.74%4.39%-3.38%0.12%-67 bps
Asset Quality
Nonperforming Loans / Loans0.42%0.42%0.14%0.19%0.16%-27 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.03%0.00%-1 bps
Allowance / Loans2.15%2.07%2.06%1.93%1.99%-16 bps
Allowance Coverage of NPLs5.1x5.0x14.7x10.4x12.8x+7.7x
Capital
Tier 1 Leverage Ratio11.69%11.66%11.44%11.37%11.93%+24 bps
Total Risk-Based Capital11.69%11.66%11.44%11.37%18.24%+654 bps
Equity / Assets5.03%4.37%3.56%5.01%5.08%+6 bps
Liquidity & Funding
Loans / Deposits50.80%51.30%50.83%53.29%51.80%+100 bps
Liquid Assets / Assets4.30%4.28%6.42%5.15%4.27%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a