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Farmers and Traders Savings Bank

Douds, IA · Cert 10896

FDIC · 1 branch

Q2 2019

$20.0MAssets
$14.8MLoans
$17.7MDeposits
$2.2MEquity
Loan mix
74%RE $9.7M7%C&I $1.0M18%Consumer $2.4MQ2 2018Q2 2019
Deposit mix
93%Interest-bearing $16.4M7%Noninterest $1.3MQ2 2018Q2 2019

NIM

3.60%Q2 ’174.01%Q2 ’183.82%Q2 ’19+12%-10%

Non-interest income vs. expense

2.65%Q2 ’172.85%Q2 ’182.90%Q2 ’19+8%+5%

Executive Summary

  • Earnings: ROA of 0.06%, down 45 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 3.37% of loans (+98 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.83%, up 10 bps from a year ago.
  • Funding: loans stand at 83.60% of deposits as of Q2 2019.

Financial Results

Return on Assets (quarter, annualized)

0.06%-45 bps YoY

Net Interest Margin (quarter, annualized)

2.96%-33 bps YoY

Efficiency Ratio (quarter, annualized)

96.13%+1,317 bps YoY

Tier 1 Leverage Ratio

10.83%+10 bps YoY

Discrete quarter, annualized.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.51%0.45%-0.08%0.44%0.06%-45 bps
Return on Equity4.75%4.15%-0.72%4.16%0.54%-421 bps
Net Interest Margin3.29%3.31%3.38%3.09%2.96%-33 bps
Efficiency Ratio82.95%84.09%100.55%84.43%96.13%+1,317 bps
Non-Interest Burden2.71%2.76%3.40%2.59%2.84%+14 bps
Growth
Asset Growth (YoY)-2.54%-3.92%-2.11%0.24%-1.88%+66 bps
Loan Growth (YoY)-0.06%1.37%3.92%0.46%-1.83%-177 bps
Deposit Growth (YoY)-3.11%-4.63%-2.55%0.12%-2.21%+89 bps
Asset Quality
Nonperforming Loans / Loans2.39%2.98%3.33%3.82%3.37%+98 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.70%0.70%0.69%0.71%0.72%+1 bps
Allowance Coverage of NPLs0.3x0.2x0.2x0.2x0.2x-0.1x
Capital
Tier 1 Leverage Ratio10.73%10.91%10.48%10.65%10.83%+10 bps
Total Risk-Based Capital26.39%27.02%26.08%26.62%27.33%+94 bps
Equity / Assets10.81%10.96%10.56%10.70%11.12%+31 bps
Liquidity & Funding
Loans / Deposits83.27%83.62%82.49%81.10%83.60%+33 bps
Liquid Assets / Assets7.85%6.64%6.49%4.09%2.50%-535 bps
CRE / Total Capitaln/an/an/an/an/an/an/a