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First National Bank of Muscatine

Muscatine, IA · Cert 961

FDIC · 3 branches

Q1 2022

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 2022, the quarter ended March 31, 2022, 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 National Bank of Muscatine

Muscatine, IA · Cert 961

FDIC · 3 branches

Q1 2022

$371.6MAssets
$202.2MLoans
$327.6MDeposits
$39.0MEquity
Loan mix
80%RE $127.2M18%C&I $28.5M3%Consumer $4.3MQ1 2021Q1 2022
Deposit mix
90%Interest-bearing $293.5M10%Noninterest $34.1MQ1 2021Q1 2022

NIM

3.70%Q1 ’202.65%Q1 ’212.61%Q1 ’22-20%+5%

Non-interest income vs. expense

2.57%Q1 ’202.22%Q1 ’213.31%Q1 ’22-22%+109%

Executive Summary

  • Earnings: ROA of -0.10%, down 70 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 1.43% of loans (-98 bps YoY), with net recoveries of 0.08%.
  • Capital: tier 1 leverage ratio of 10.86%, up 39 bps from a year ago.
  • Funding: loans stand at 61.73% of deposits as of Q1 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.10%-70 bps YoY

Net Interest Margin (YTD, annualized)

2.47%+11 bps YoY

Efficiency Ratio (YTD, annualized)

104.36%+3,768 bps YoY

Tier 1 Leverage Ratio

10.86%+39 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2021Q2 2021Q3 2021Q4 2021Q1 2022YoY ΔTrend
Earnings
Return on Assets0.60%0.72%0.80%0.97%-0.10%-70 bps
Return on Equity5.75%6.92%7.55%9.20%-0.93%-668 bps
Net Interest Margin2.36%2.39%2.65%2.61%2.47%+11 bps
Efficiency Ratio66.68%64.36%64.23%64.67%104.36%+3,768 bps
Non-Interest Burden1.25%1.21%1.37%1.37%2.61%+136 bps
Growth
Asset Growth (YoY)20.63%7.32%2.57%4.34%-1.05%-2,167 bps
Loan Growth (YoY)-6.42%-14.77%-16.89%-10.78%-10.87%-444 bps
Deposit Growth (YoY)23.82%7.72%2.97%5.10%-1.37%-2,519 bps
Asset Quality
Nonperforming Loans / Loans2.42%2.46%2.57%1.85%1.43%-98 bps
Net Charge-Offs / Loans-0.04%0.10%0.06%0.21%-0.08%-4 bps
Allowance / Loans2.04%2.20%2.32%1.88%1.89%-14 bps
Allowance Coverage of NPLs0.8x0.9x0.9x1.0x1.3x+0.5x
Capital
Tier 1 Leverage Ratio10.47%10.13%10.82%10.87%10.86%+39 bps
Total Risk-Based Capital20.18%20.75%21.35%21.86%21.45%+127 bps
Equity / Assets10.18%10.48%10.84%10.64%10.50%+31 bps
Liquidity & Funding
Loans / Deposits68.31%66.43%66.08%62.16%61.73%-658 bps
Liquid Assets / Assets27.82%16.94%12.63%14.62%39.46%+1,165 bps
CRE / Total Capitaln/an/an/an/an/an/an/a