PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Farmers State Bank

Bertram, TX · Cert 10712

FDIC

Q2 2013

$29.1MAssets
$12.3MLoans
$24.5MDeposits
$4.5MEquity
Loan mix
66%RE $6.2M19%C&I $1.8M15%Consumer $1.4MQ2 2012Q2 2013
Deposit mix
71%Interest-bearing $17.4M29%Noninterest $7.1MQ2 2012Q2 2013

NIM

3.74%Q2 ’113.79%Q2 ’123.63%Q2 ’13+13%-2%

Non-interest income vs. expense

2.82%Q2 ’113.40%Q2 ’123.32%Q2 ’13+32%+6%

Executive Summary

  • Earnings: ROA of 0.51%, down 67 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 50.41% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.51%-67 bps YoY

Net Interest Margin (YTD, annualized)

3.42%-6 bps YoY

Efficiency Ratio (YTD, annualized)

92.95%+582 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.18%10.81%10.95%10.15%0.51%-67 bps
Return on Equity8.48%5.80%6.73%0.98%3.35%-513 bps
Net Interest Margin3.49%3.38%3.50%3.49%3.42%-6 bps
Efficiency Ratio87.13%85.51%85.55%107.81%92.95%+582 bps
Non-Interest Burden2.99%2.84%2.95%3.75%3.17%+19 bps
Growth
Asset Growth (YoY)-4.03%-7.60%-9.03%-6.26%-8.37%-434 bps
Loan Growth (YoY)73.69%60.18%36.82%12.48%-8.08%-8,178 bps
Deposit Growth (YoY)-4.22%-7.73%-10.04%-7.27%-9.16%-494 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.76%1.53%1.23%0.35%0.16%-160 bps
Allowance / Loans1.83%1.90%1.79%1.65%1.63%-20 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 Capital23.33%22.11%23.38%25.07%25.91%+258 bps
Equity / Assets14.02%13.81%15.15%15.10%15.31%+128 bps
Liquidity & Funding
Loans / Deposits49.81%48.89%55.95%51.53%50.41%+59 bps
Liquid Assets / Assets0.32%16.45%12.07%18.27%19.36%+1,905 bps
CRE / Total Capitaln/an/an/an/an/an/an/a