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Farmers and Merchants Bank

Imperial, NE · Cert 12492

FDIC

Q2 2007

$54.2MAssets
$32.2MLoans
$44.3MDeposits
$9.7MEquity
Deposit mix
86%Interest-bearing $38.0M14%Noninterest $6.3MQ2 2006Q2 2007

NIM

5.46%Q2 ’056.34%Q2 ’06-2.10%Q2 ’07+7%-133%

Non-interest income vs. expense

2.03%Q2 ’052.08%Q2 ’06-0.05%Q2 ’07+1%-100%

Executive Summary

  • Earnings: ROA of -0.61%, down 207 bps year over year; NIM at -1.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 72.70% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.61%-207 bps YoY

Net Interest Margin (quarter, annualized)

-1.48%-595 bps YoY

Efficiency Ratio (quarter, annualized)

65.92%+2,193 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.46%2.05%1.39%1.67%-0.61%-207 bps
Return on Equity11.75%15.62%10.75%13.24%-3.98%-1,573 bps
Net Interest Margin4.47%4.72%4.75%4.38%-1.48%-595 bps
Efficiency Ratio43.99%39.80%57.98%45.32%65.92%+2,193 bps
Non-Interest Burden1.82%1.59%2.67%1.88%-0.01%-183 bps
Growth
Asset Growth (YoY)-1.74%-7.68%-1.99%7.29%17.97%+1,971 bps
Loan Growth (YoY)3.23%9.62%6.51%10.29%17.87%+1,464 bps
Deposit Growth (YoY)-2.40%-9.44%-3.99%6.05%11.27%+1,367 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.08%-0.04%0.00%0.00%0.00%-108 bps
Allowance / Loans1.06%0.92%0.98%0.99%0.91%-15 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 Capital20.21%18.79%19.12%20.20%20.82%+62 bps
Equity / Assets12.84%13.42%12.41%12.87%17.81%+498 bps
Liquidity & Funding
Loans / Deposits68.63%79.77%66.73%66.33%72.70%+407 bps
Liquid Assets / Assets6.71%5.18%2.73%2.19%1.72%-499 bps
CRE / Total Capitaln/an/an/an/an/an/an/a