PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Farmers State Bank

Bangor, WI · Cert 13861

FDIC

Q3 2005

$77.1MAssets
$53.6MLoans
$65.5MDeposits
$9.3MEquity
Loan mix
77%RE $24.4M22%C&I $7.1M0%Consumer $0.1MQ3 2004Q3 2005
Deposit mix
90%Interest-bearing $58.7M10%Noninterest $6.8MQ3 2004Q3 2005

NIM

6.04%Q3 ’035.60%Q3 ’046.11%Q3 ’05-2%+7%

Non-interest income vs. expense

2.25%Q3 ’032.42%Q3 ’042.42%Q3 ’05+12%-1%

Executive Summary

  • Earnings: ROA of 0.94%, down 14 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 81.87% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.94%-14 bps YoY

Net Interest Margin (YTD, annualized)

4.18%+27 bps YoY

Efficiency Ratio (YTD, annualized)

54.33%-399 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.08%1.02%1.17%1.11%0.94%-14 bps
Return on Equity8.70%8.27%9.63%9.05%7.69%-100 bps
Net Interest Margin3.91%3.90%4.13%4.11%4.18%+27 bps
Efficiency Ratio58.32%60.02%55.35%56.10%54.33%-399 bps
Non-Interest Burden2.18%2.24%2.16%2.19%2.14%-3 bps
Growth
Asset Growth (YoY)1.83%1.57%2.23%1.43%3.79%+196 bps
Loan Growth (YoY)6.67%11.00%15.47%11.30%9.60%+293 bps
Deposit Growth (YoY)2.21%1.82%2.09%-0.97%0.90%-131 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.70%0.55%0.35%0.23%0.44%-25 bps
Allowance / Loans0.95%0.99%1.00%1.10%1.39%+44 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 Capital18.09%18.56%18.97%18.86%18.81%+72 bps
Equity / Assets12.27%12.18%12.22%12.34%12.06%-20 bps
Liquidity & Funding
Loans / Deposits75.36%77.66%80.02%81.34%81.87%+651 bps
Liquid Assets / Assets0.48%0.48%0.48%0.47%0.47%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a