First Robinson Financial : September 2021 Call Report

First Robinson Savings Bank, National Association	FFIEC 051
Legal Title of Bank		Page 5 of 65
Robinson		RI-1
City
IL	62454
State	Zip Code
FDIC Certificate Number:	28105

Consolidated Report of Income

for the period January 1, 2021 - September 30, 2021 Schedule RI-Income Statement

	Dollar Amounts in Thousands		RIAD	Amount
1. Interest income:
a. Interest and fee income on loans:
(1) Loans secured by real estate:
	(a) Loans secured by 1-4 family residential properties				4435	2,799
	(b) All other loans secured by real estate				4436	2,147
(2) Commercial and industrial loans				4012	1,526
(3) Loans to individuals for household, family, and other personal expenditures:
	(a) Credit cards				B485	0
	(b) Other (includes revolving credit plans other than credit cards, automobile loans, and
	other consumer loans) ______________________________________________________________________	B486	614
(4) Not applicable
(5) All other loans (1)				4058	352
(6) Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(5))				4010	7,438
b. Income from lease financing receivables				4065	0
c. Interest income on balances due from depository institutions (2)				4115	26
d. Interest and dividend income on securities:
	(1) U.S. Treasury securities and U.S. Government agency obligations
	(excluding mortgage-backed securities)				B488	461
	(2) Mortgage-backed securities				B489	652
	(3) All other securities (includes securities issued by states and
	political subdivisions in the U.S.)				4060	333
e. Not applicable
f. Interest income on federal funds sold and securities purchased under agreements to resell				4020	0
g. Other interest income				4518	25
h. Total interest income (sum of items 1.a.(6) through 1.g)				4107	8,935
2. Interest expense:
a. Interest on deposits:
	(1) Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts,
	and telephone and preauthorized transfer accounts)				4508	340
	(2) Nontransaction accounts:
	(a) Savings deposits (includes MMDAs) ____________________________________________________________	0093	50
	(b) Time deposits of $250,000 or less				HK03	357
	(c) Time deposits of more than $250,000				HK04	70
b. Expense of federal funds purchased and securities sold under agreements to repurchase______________________	4180	5
c. Other interest expense ___________________________________________________________________________	GW44	2
d. Not applicable
e. Total interest expense (sum of items 2.a through 2.c)	4073		824
3. Net interest income (item 1.h minus 2.e)				4074	8,111
4. Provision for loan and lease losses(3)____________________________________________________________________	JJ33	740

1.a.(1)(a)

1.a.(1)(b)

1.a.(2)

1.a.(3)(a)

1.a.(3)(b)

1.a.(5)

1.a.(6)

1.b.

1.c.

1.d.(1)

1.d.(2)

1.d.(3)

1.f.

1.g.

1.h.

2.a.(1)

2.a.(2)(a)

2.a.(2)(b)

2.a.(2)(c)

2.b.

2.c.

2.e.

3.

4.

(1)Includes interest and fee income on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans."

1. Includes interest income on time certificates of deposit not held for trading.
2. Institutions that have adopted ASU 2016-13 should report in item 4 the provisions for credit losses on all financial assets and off-balance-sheet credit exposures that fall within the scope of the standard.

First Robinson Savings Bank, National Association	FFIEC 051
Legal Title of Bank		Page 6 of 65
FDIC Certificate Number:	28105	RI-2

Schedule RI-Continued

		Year-to-date
	Dollar Amounts in Thousands
	RIAD	Amount
5. Noninterest income:			5.a.
a. Income from fiduciary activities (1)	4070	95
b. Service charges on deposit accounts	4080	630	5.b.
c. Not applicable
d. Income from securities-related and insurance activities:
(1) Fees and commissions from securities brokerage, investment			5.d.(1)
	banking, advisory, and underwriting activities__________________________________	HT73	169
	(2) Income from insurance activities(2)	HT74	35	5.d.(2)
e. Not applicable			5.f.
f. Net servicing fees	B492	483
g. and h. Not applicable			5.i.
i. Net gains (losses) on sales of loans and leases	5416	961
j. Net gains (losses) on sales of other real estate owned	5415	-57	5.j.
k. Net gains (losses) on sales of other assets (3)______________________________________	B496	0	5.k.
l. Other noninterest income*	B497	712	5.l.
m. Total noninterest income (sum of items 5.a through 5.l)			4079		3,028
6. a. Realized gains (losses) on held-to-maturity securities			3521		0
b. Realized gains (losses) on available-for-sale debt securities			3196		0
7. Noninterest expense:			7.a.
a. Salaries and employee benefits	4135	4,652
b. Expenses of premises and fixed assets (net of rental income)			7.b.
	(excluding salaries and employee benefits and mortgage interest)	4217	873
c. (1) Goodwill impairment losses	C216	0	7.c.(1)
	(2) Amortization expense and impairment losses for other intangible assets______________	C232	133	7.c.(2)
d. Other noninterest expense*	4092	2,050	7.d.
e. Total noninterest expense (sum of items 7.a through 7.d)			4093		7,708
8. a. Income (loss) before change in net unrealized holding gains (losses)
	on equity securities not held for trading, applicable income taxes, and discontinued
	operations (item 3 plus or minus items 4, 5.m, 6.a, 6.b, and 7.e)_____________________________			HT69		2,691
b. Change in net unrealized holding gains (losses) on equity securities not
	held for trading (4)___________________________________________________________			HT70		20
c. Income (loss) before applicable income taxes and discontinued operations
	(sum of items 8.a and 8.b)____________________________________________________			4301		2,711
9. Applicable income taxes (on item 8.c)__________________________________________________			4302		673
10. Income (loss) before discontinued operations (item 8.c minus item 9)_____________________			4300		2,038
11. Discontinued operations, net of applicable income taxes*_______________________________			FT28		0
12. Net income (loss) attributable to bank and noncontrolling (minority)
interests (sum of items 10 and 11) __________________________________________________			G104		2,038
13. LESS: Net income (loss) attributable to noncontrolling (minority) interests
(if net income, report as a positive value; if net loss, report as a negative value)_____________			G103		0
14. Net income (loss) attributable to bank (item 12 minus item 13) _____________________________			4340		2,038

5.m.

6.a.

6.b.

7.e.

8.a.

8.b.

8.c.

9.

10.

11.

12.

13.

14.

* Describe on Schedule RI-E-Explanations.

1. For banks required to complete Schedule RC-T, items 14 through 22, income from fiduciary activities reported in Schedule RI, item 5.a, must equal the amount reported in Schedule RC-T, item 22.
2. Includes underwriting income from insurance and reinsurance activities.
3. Exclude net gains (losses) on sales of trading assets and held-to-maturity and available-for-sale debt securities.
4. Item 8.b is to be completed by all institutions - See the instructions for this item and the Glossary entry for

"Securities Activities" for further detail on accounting for investments in equity securities.

First Robinson Savings Bank, National Association	FFIEC 051
Legal Title of Bank		Page 7 of 65
FDIC Certificate Number:	28105	RI-3

Schedule RI-Continued

Memoranda			Year-to-date
	Dollar Amounts in Thousands	RIAD		Amount
1. and 2. Not applicable
3.	Income on tax-exempt loans and leases to states and political subdivisions in the U.S.
	(included in Schedule RI, items 1.a and 1.b)		4313		69
4.	Income on tax-exempt securities issued by states and political subdivisions in the U.S.
	(included in Schedule RI, item 1.d.(3))		4507		330
5.	Number of full-time equivalent employees at end of current period (round to				Number
	nearest whole number)		4150		89
Memorandum item 6 is to be completed by: (1)

• banks with $300 million or more in total assets, and
• banks with less than $300 million in total assets that have loans to finance agricultural production

and other loans to farmers (Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans
6. Interest and fee income on loans to finance agricultural production and other				Amount
loans to farmers (included in Schedule RI, item 1.a.(5))	4024	281
7. If the reporting institution has applied push down accounting this calendar year, report the date			RIAD	Date
		9106	00000000
of the institution's acquisition (see instructions)(2)_________________________________________________________
8. through 10. Not applicable
11. Does the reporting bank have a Subchapter S election in effect for			RIAD	YES / NO
federal income tax purposes for the current tax year?			A530	NO
Memorandum item 12 is to be completed by banks that are required to complete Schedule
RC-C, Part I, Memorandum items 8.b and 8.c, and is to be completed annually in the December report only.
12. Noncash income from negative amortization on closed-end loans secured by 1-4 family			RIAD	Amount
residential properties (included in Schedule RI, item 1.a.(1)(a))			F228	N/A
13. Not applicable
Memorandum item 14 is to be completed semiannually in the June and December reports only.
14. Other-than-temporary impairment losses on held-to-maturity and available-for-sale
debt securities recognized in earnings (included in Schedule RI, items 6.a and 6.b)(3)			J321	N/A
Memorandum item 15 is to be completed annually in the December report only by institutions with $1
billion or more in total assets(1) that answered "Yes" to Schedule RC-E, Memorandum item 5.
15. Components of service charges on deposit accounts (sum of Memorandum items
15.a through 15.d must equal Schedule RI, item 5.b):
a. Consumer overdraft-related service charges levied on those transaction account and nontransaction
savings account deposit products intended primarily for individuals for personal, household, or			H032	N/A
family use_________
b. Consumer account periodic maintenance charges levied on those transaction account and nontransaction
savings account deposit products intended primarily for individuals for personal, household, or family use_________H033	N/A
c. Consumer customer automated teller machine (ATM) fees levied on those transaction account and
	nontransaction savings account deposit products intended primarily for individuals for personal,
				H034	N/A
household, or family use____________________________________________________________________________
d. All other service charges on deposit accounts__________________________________________________________H035	N/A

M.3.

M.4.

M.5.

M.6.

M.7.

M.11.

M.12.

M.14.

M.15.a.

M.15.b.

M.15.c.

M.15.d.

(1) For the $300 million and $1 billion asset-size tests for report dates through December 31, 2021, an institution may use the lesser

of the total assets reported in its Report of Condition as of December 31, 2019, or June 30, 2020. If the total assets reported as of one of these two report dates are less than $300 million, the same report date should be used for the 5 percent of total loans test. If the total assets reported for both of these two report dates are less than $300 million, the 5 percent of total loans test should be based on the total loans reported in the Report of Condition as of June 30, 2020.

1. Report the date in YYYYMMDD format. For example, a bank acquired on March 1, 2021, would report 20210301.
2. Memorandum item 14 is to be completed only by institutions that have not adopted ASU 2016-13.

First Robinson Savings Bank, National Association	FFIEC 051
Legal Title of Bank		Page 8 of 65
FDIC Certificate Number:	28105	RI-4

Schedule RI-A-Changes in Bank Equity Capital

		Dollar Amounts in Thousands	RIAD	Amount
1.	Total bank equity capital most recently reported for the December 31, 2020, Reports of Condition			1.
	and Income (i.e., after adjustments from amended Reports of Income)	3217	35,583
2.	Cumulative effect of changes in accounting principles and corrections of material accounting errors*	B507	0	2.
3.	Balance end of previous calendar year as restated (sum of items 1 and 2)	B508	35,583	3.
4.	Net income (loss) attributable to bank (must equal Schedule RI, item 14)	4340	2,038	4.
5.	Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions)______________	B509	0	5.
6.	Treasury stock transactions, net	B510	0	6.
7.	Changes incident to business combinations, net	4356	0	7.
8.	LESS: Cash dividends declared on preferred stock	4470	0	8.
9.	LESS: Cash dividends declared on common stock	4460	1,675	9.
10. Other comprehensive income(1)	B511	-542	10.
11. Other transactions with stockholders (including a parent holding company)*			11.
	(not included in items 5, 6, 8, or 9 above)_______________________________________________________________	4415	0
12. Total bank equity capital end of current period (sum of items 3 through 11)(must equal			12.
	Schedule RC, item 27.a)	3210	35,404

* Describe on Schedule RI-E-Explanations

1. Includes, but is not limited to, changes in net unrealized holding gains (losses) on available-for-sale debt securities, changes in
   accumulated net gains (losses) on cash flow hedges, and pension and other postretirement plan-related changes other than net periodic benefit cost.

Schedule RI-B-Charge-offs and Recoveries on Loans and Leases and Changes in Allowances for Credit Losses

Part I. Charge-offs and Recoveries on Loans and Leases

				(Column A)		(Column B)
Part I includes charge-offs and recoveries through	Charge-offs(1)		Recoveries
the allocated transfer risk reserve.			Calendar year-to-date
		Dollar Amounts in Thousands	RIAD		Amount	RIAD	Amount
1. Loans secured by real estate:
a. Construction, land development, and other land loans:						1.a.(1)
(1)	1-4 family residential construction loans	C891		0	C892	0
(2)	Other construction loans and all land development						1.a.(2)
		and other land loans	C893		0	C894	0
b. Secured by farmland	3584		0	3585	0	1.b.
c. Secured by 1-4 family residential properties:
(1)	Revolving, open-end loans secured by 1-4 family residential						1.c.(1)
		properties and extended under lines of credit	5411		20	5412	2
(2)	Closed-end loans secured by 1-4 family residential properties:						1.c.(2)(a)
		(a) Secured by first liens	C234		35	C217	28
		(b) Secured by junior liens	C235		0	C218	0	1.c.(2)(b)
d. Secured by multifamily (5 or more) residential properties	3588		0	3589	0	1.d.
e. Secured by nonfarm nonresidential properties:						1.e.(1)
(1)	Loans secured by owner-occupied nonfarm nonresidential properties_________________	C895		460	C896	23
(2)	Loans secured by other nonfarm nonresidential properties__________________________	C897		0	C898	0	1.e.(2)

(1) Include write-downs arising from transfers of loans to a held-for-sale account.

First Robinson Savings Bank, National Association	FFIEC 051
Legal Title of Bank		Page 9 of 65
FDIC Certificate Number:	28105	RI-5

Schedule RI-B Continued

Part I - Continued

				(Column A)		(Column B)
			Charge-offs(1)		Recoveries
					Calendar year-to-date
		Dollar Amounts in Thousands	RIAD		Amount	RIAD	Amount
2. and 3. Not applicable						4.
4.	Commercial and industrial loans	4638		0	4608	1
5.	Loans to individuals for household, family, and other personal expenditures:						5.a.
	a. Credit cards	B514		0	B515	0
	b. Automobile Loans______________________________________________________________	K129		9	K133	2	5.b.
	c. Other (includes revolving credit plans other than credit cards and						5.c.
	other consumer loans)_________________________________________________________	K205		0	K206	12
6.	Not applicable						7.
7.	All other loans (2)	4644		19	4628	16
8.	Lease financing receivables	4266		0	4267	0	8.
9.	Total (sum of items 1 through 8)	4635		543	4605	84	9.

1. Include write-downs arising from transfers of loans to a held-for-sale account.
2. Includes charge-offs and recoveries on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural produc- tion and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to non- depository financial institutions and other loans."

			(Column A)			(Column B)
Memoranda	Charge-offs(1)			Recoveries
		Calendar year-to-date
	Dollar Amounts in Thousands	RIAD		Amount		RIAD	Amount
1. Loans to finance commercial real estate, construction, and land
development activities (not secured by real estate) included in							M.1.
Schedule RI-B, part I, items 4 and 7, above	5409			0	5410	0
2. Not applicable
Memorandum item 3 is to be completed by:(2)
• banks with $300 million or more in total assets, and
• banks with less than $300 million in total assets that have loans to
finance agricultural production and other loans to farmers
(Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans:
3. Loans to finance agricultural production and other loans to							M.3.
farmers (included in Schedule RI-B, Part I, item 7, above)	4655			0	4665	0

1. Include write-downs arising from transfers of loans to a held-for-sale account
2. For the $300 million asset-size test for report dates through December 31, 2021, an institution may use the lesser

of the total assets reported in its Report of Condition as of December 31, 2019, or June 30, 2020. If the total assets reported as of one of these two report dates are less than $300 million, the same report date should be used for the 5 percent of total loans test. If the total assets reported for both of these two report dates are less than $300 million, the 5 percent of total loans test should be based on the total loans reported in the Report of Condition as of June 30, 2020.