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Farmers State Bank

Ewing, NE · Cert 10652

FDIC · 1 branch

Q2 2016

$21.3MAssets
$12.4MLoans
$15.5MDeposits
$4.6MEquity
Loan mix
58%RE $3.5M33%C&I $2.0M9%Consumer $0.6MQ2 2015Q2 2016
Deposit mix
79%Interest-bearing $12.3M21%Noninterest $3.2MQ2 2015Q2 2016

NIM

3.13%Q2 ’143.09%Q2 ’153.05%Q2 ’16-1%-1%

Non-interest income vs. expense

2.03%Q2 ’141.94%Q2 ’151.39%Q2 ’16-4%-36%

Executive Summary

  • Earnings: ROA of 1.25%, up 44 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 21.59%, up 155 bps from a year ago.
  • Funding: loans stand at 80.45% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

1.25%+44 bps YoY

Net Interest Margin (YTD, annualized)

2.83%-4 bps YoY

Efficiency Ratio (YTD, annualized)

44.31%-1,812 bps YoY

Tier 1 Leverage Ratio

21.59%+155 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.80%0.82%0.46%1.26%1.25%+44 bps
Return on Equity3.89%4.05%2.23%5.77%5.73%+183 bps
Net Interest Margin2.87%2.93%3.00%3.13%2.83%-4 bps
Efficiency Ratio62.43%57.88%77.41%52.38%44.31%-1,812 bps
Non-Interest Burden1.71%1.61%2.26%1.56%1.09%-62 bps
Growth
Asset Growth (YoY)-1.16%7.44%-1.92%-3.23%-2.92%-176 bps
Loan Growth (YoY)12.42%4.86%-1.06%-5.31%-16.72%-2,913 bps
Deposit Growth (YoY)-4.32%6.51%-2.39%-2.13%-1.15%+317 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.82%0.89%0.95%1.08%1.10%+28 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio20.04%20.39%20.59%22.19%21.59%+155 bps
Total Risk-Based Capital28.42%27.24%29.52%32.69%35.05%+663 bps
Equity / Assets20.29%19.17%21.64%22.15%21.57%+128 bps
Liquidity & Funding
Loans / Deposits95.49%95.97%97.75%84.20%80.45%-1,504 bps
Liquid Assets / Assets22.52%22.11%23.95%23.00%20.91%-161 bps
CRE / Total Capitaln/an/an/an/an/an/an/a