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Letter portraitLegal landscapeQuarterYTD

Farmers Citizens Bank, The

Bucyrus, OH · Cert 10267

FDIC

Q3 2013

$372.1MAssets
$258.1MLoans
$334.6MDeposits
$30.5MEquity
Loan mix
96%RE $158.3M4%C&I $6.1M0%Consumer $0.2MQ3 2012Q3 2013
Deposit mix
88%Interest-bearing $295.0M12%Noninterest $39.6MQ3 2012Q3 2013

NIM

4.33%Q3 ’114.40%Q3 ’124.14%Q3 ’13+12%-2%

Non-interest income vs. expense

2.57%Q3 ’112.94%Q3 ’123.29%Q3 ’13+6%+21%

Executive Summary

  • Earnings: ROA of 0.63%, down 30 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.45%.
  • Funding: loans stand at 77.14% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.63%-30 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-7 bps YoY

Efficiency Ratio (YTD, annualized)

81.65%+1,187 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.93%1.00%0.85%10.87%0.63%-30 bps
Return on Equity10.12%10.84%9.41%9.91%7.31%-281 bps
Net Interest Margin3.45%3.41%3.34%3.37%3.37%-7 bps
Efficiency Ratio69.78%70.70%80.57%75.66%81.65%+1,187 bps
Non-Interest Burden2.17%2.17%2.57%2.38%2.64%+46 bps
Growth
Asset Growth (YoY)1.14%3.06%5.70%2.59%3.26%+212 bps
Loan Growth (YoY)23.79%16.64%13.78%9.28%4.74%-1,906 bps
Deposit Growth (YoY)1.48%3.46%8.02%4.89%6.07%+460 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.16%-0.09%1.46%0.69%0.45%+61 bps
Allowance / Loans1.31%1.35%1.14%1.11%1.08%-23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital14.54%15.13%15.09%14.49%14.43%-11 bps
Equity / Assets9.48%9.23%8.85%8.34%8.19%-129 bps
Liquidity & Funding
Loans / Deposits78.12%74.44%72.00%77.59%77.14%-98 bps
Liquid Assets / Assets1.42%2.66%2.14%0.20%1.37%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a