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Letter portraitLegal landscapeQuarterYTD

Farmers State Bank of Madelia, Incorporated

Madelia, MN · Cert 10566

FDIC

Q3 2013

$61.8MAssets
$32.2MLoans
$52.8MDeposits
$6.8MEquity
Loan mix
70%RE $15.3M21%C&I $4.6M10%Consumer $2.1MQ3 2012Q3 2013
Deposit mix
80%Interest-bearing $42.4M20%Noninterest $10.4MQ3 2012Q3 2013

NIM

4.00%Q3 ’113.69%Q3 ’123.54%Q3 ’13-3%-3%

Non-interest income vs. expense

2.48%Q3 ’112.32%Q3 ’122.30%Q3 ’13-6%-4%

Executive Summary

  • Earnings: ROA of 1.05%, down 8 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 60.98% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

1.05%-8 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-9 bps YoY

Efficiency Ratio (YTD, annualized)

68.61%-32 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 Assets1.12%1.12%1.07%0.99%1.05%-8 bps
Return on Equity10.79%10.74%10.71%9.88%10.21%-58 bps
Net Interest Margin3.19%3.27%2.93%3.05%3.10%-9 bps
Efficiency Ratio68.93%68.69%67.64%70.07%68.61%-32 bps
Non-Interest Burden2.14%2.19%1.88%2.06%2.05%-9 bps
Growth
Asset Growth (YoY)1.36%5.94%12.13%0.59%-0.87%-223 bps
Loan Growth (YoY)-0.36%0.08%-0.63%2.21%-0.33%+3 bps
Deposit Growth (YoY)0.88%6.14%13.49%0.19%-1.24%-212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.15%0.00%0.14%0.10%-13 bps
Allowance / Loans1.71%1.56%1.68%1.56%1.64%-6 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 Capital19.20%19.11%19.24%19.45%20.39%+119 bps
Equity / Assets10.65%10.37%9.63%10.10%10.94%+29 bps
Liquidity & Funding
Loans / Deposits60.43%63.32%55.43%59.55%60.98%+55 bps
Liquid Assets / Assets36.41%36.84%44.05%40.68%42.03%+562 bps
CRE / Total Capitaln/an/an/an/an/an/an/a