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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

4.28%Q3 ’114.44%Q3 ’124.16%Q3 ’13+13%-3%

Non-interest income vs. expense

2.70%Q3 ’112.99%Q3 ’123.76%Q3 ’13+2%+47%

Executive Summary

  • Earnings: ROA of 0.16%, down 87 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 77.14% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.16%-87 bps YoY

Net Interest Margin (quarter, annualized)

3.40%-10 bps YoY

Efficiency Ratio (quarter, annualized)

93.67%+2,485 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets1.03%1.20%0.85%10.89%0.16%-87 bps
Return on Equity10.93%12.82%9.41%10.34%1.88%-905 bps
Net Interest Margin3.49%3.51%3.34%3.45%3.40%-10 bps
Efficiency Ratio68.81%73.27%80.57%71.14%93.67%+2,485 bps
Non-Interest Burden2.14%2.32%2.57%2.24%3.14%+100 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 / Loans0.06%0.13%1.46%-0.01%0.01%-6 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