PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

F & M Bank - Minnesota

Dundas, MN · Cert 1395

FDIC

Q1 2005

$27.5MAssets
$18.1MLoans
$21.4MDeposits
$3.4MEquity
Loan mix
76%RE $9.1M23%C&I $2.8M1%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
87%Interest-bearing $18.7M13%Noninterest $2.7MQ1 2004Q1 2005

NIM

6.08%Q1 ’035.35%Q1 ’044.62%Q1 ’05-17%-13%

Non-interest income vs. expense

3.15%Q1 ’033.07%Q1 ’042.71%Q1 ’05-15%-5%

Executive Summary

  • Earnings: ROA of 2.98%, up 215 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 84.62% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

2.98%+215 bps YoY

Net Interest Margin (quarter, annualized)

3.34%-50 bps YoY

Efficiency Ratio (quarter, annualized)

68.59%+328 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.82%0.82%0.93%0.94%2.98%+215 bps
Return on Equity6.43%6.65%7.61%7.82%24.19%+1,776 bps
Net Interest Margin3.84%3.64%3.88%3.76%3.34%-50 bps
Efficiency Ratio65.31%72.84%68.25%63.53%68.59%+328 bps
Non-Interest Burden2.21%2.42%2.39%2.10%2.10%-11 bps
Growth
Asset Growth (YoY)6.73%4.67%8.80%7.90%-0.27%-700 bps
Loan Growth (YoY)2.98%-2.08%-6.75%-2.36%-11.37%-1,435 bps
Deposit Growth (YoY)-0.96%8.46%13.12%12.59%6.30%+726 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.65%1.47%0.02%0.00%0 bps
Allowance / Loans1.45%1.38%1.02%1.07%1.17%-28 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 Capital12.70%13.42%12.93%13.58%13.71%+101 bps
Equity / Assets12.19%12.35%12.05%12.12%12.52%+34 bps
Liquidity & Funding
Loans / Deposits101.48%91.72%88.00%86.33%84.62%-1,687 bps
Liquid Assets / Assets1.08%1.09%0.00%0.00%0.00%-108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a