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Farmers and Merchants State Bank of Virden, Illinois, The

Virden, IL · Cert 12705

FDIC

Q3 2007

$82.9MAssets
$46.8MLoans
$69.6MDeposits
$7.7MEquity
Deposit mix
90%Interest-bearing $62.6M10%Noninterest $7.0MQ4 2005Q3 2007

Executive Summary

  • Earnings: ROA of 1.74%, up 15 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 67.27% of deposits as of Q3 2007.

Return on Assets (quarter, annualized)

1.74%+15 bps YoY

Net Interest Margin (quarter, annualized)

2.80%-18 bps YoY

Efficiency Ratio (quarter, annualized)

53.07%-76 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.68%Q3 ’055.30%Q3 ’065.56%Q3 ’07-1%-6%

Non-interest income vs. expense

2.16%Q3 ’052.06%Q3 ’061.99%Q3 ’07-19%-15%

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.53%1.50%1.53%1.59%1.54%1.60%1.65%1.74%+15 bps
Return on Equity15.10%14.99%15.02%15.98%15.79%16.53%17.27%18.42%+244 bps
Net Interest Margin2.94%2.88%2.88%2.98%2.80%2.77%2.78%2.80%-18 bps
Efficiency Ratio56.84%56.67%56.59%53.84%54.71%55.26%53.90%53.07%-76 bps
Non-Interest Burden1.40%1.39%1.34%1.21%1.17%1.19%1.13%1.04%-18 bps
Growth
Asset Growth (YoY)3.73%3.33%1.09%6.41%4.23%6.92%9.39%5.08%-133 bps
Loan Growth (YoY)7.94%2.73%0.43%15.82%12.16%10.48%8.43%-8.32%-2,414 bps
Deposit Growth (YoY)3.82%3.25%-0.14%-1.28%-2.14%2.94%6.54%9.10%+1,038 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.01%0.01%0.24%0.18%0.00%0.00%0.00%-24 bps
Allowance / Loans0.92%0.94%0.93%0.78%0.82%0.85%0.86%0.85%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital17.37%17.40%17.71%14.87%15.81%15.81%16.19%15.83%+96 bps
Equity / Assets10.06%10.01%10.34%9.60%9.85%9.48%9.60%9.32%-28 bps
Liquidity & Funding
Loans / Deposits64.74%64.31%66.85%80.05%74.20%69.03%68.04%67.27%-1,278 bps
Liquid Assets / Assets35.51%34.73%33.06%31.28%29.00%27.77%28.91%27.30%-398 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a