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Letter portraitLegal landscapeQuarterYTD

Farmers Bank, The

Oconto, NE · Cert 11024

FDIC

Q4 2007

$23.3MAssets
$17.0MLoans
$18.2MDeposits
$3.0MEquity
Deposit mix
76%Interest-bearing $13.9M24%Noninterest $4.3MQ4 2006Q4 2007

NIM

5.62%Q4 ’056.50%Q4 ’067.09%Q4 ’07+4%-3%

Non-interest income vs. expense

3.10%Q4 ’053.04%Q4 ’062.73%Q4 ’07+2%-6%

Executive Summary

  • Earnings: ROA of 1.18%, up 3 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.38%.
  • Funding: loans stand at 93.24% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

1.18%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.88%-12 bps YoY

Efficiency Ratio (YTD, annualized)

62.40%-287 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.14%1.40%1.34%1.31%1.18%+3 bps
Return on Equity8.88%10.69%10.28%10.19%9.14%+25 bps
Net Interest Margin4.00%4.06%4.09%3.84%3.88%-12 bps
Efficiency Ratio65.27%59.13%60.74%60.00%62.40%-287 bps
Non-Interest Burden2.38%2.17%2.28%2.11%2.23%-15 bps
Growth
Asset Growth (YoY)1.39%4.16%8.16%14.77%7.32%+593 bps
Loan Growth (YoY)10.93%10.47%16.08%20.35%11.50%+57 bps
Deposit Growth (YoY)-1.77%-0.53%-3.50%1.57%2.13%+391 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.28%-0.87%-0.49%-0.33%-0.38%-10 bps
Allowance / Loans1.32%1.49%1.42%1.33%1.68%+37 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 Capital16.47%16.42%15.94%14.88%16.40%-7 bps
Equity / Assets12.89%13.26%12.85%12.36%13.06%+17 bps
Liquidity & Funding
Loans / Deposits85.41%91.40%101.83%111.16%93.24%+783 bps
Liquid Assets / Assets1.44%1.43%0.94%0.86%0.46%-98 bps
CRE / Total Capitaln/an/an/an/an/an/an/a