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Farmers Savings Bank

Martelle, IA · Cert 13991

FDIC

Q2 2009

$24.4MAssets
$20.4MLoans
$16.8MDeposits
$5.1MEquity
Deposit mix
84%Interest-bearing $14.1M16%Noninterest $2.7MQ3 2007Q2 2009

Executive Summary

  • Earnings: ROA of -3.01%, down 405 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 121.32% of deposits as of Q2 2009.

Return on Assets (quarter, annualized)

-3.01%-405 bps YoY

Net Interest Margin (quarter, annualized)

2.48%-109 bps YoY

Efficiency Ratio (quarter, annualized)

76.75%+2,205 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.11%Q2 ’075.41%Q2 ’084.14%Q2 ’09+2%-30%

Non-interest income vs. expense

2.20%Q2 ’072.03%Q2 ’082.50%Q2 ’09-9%-9%

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.12%0.15%1.23%1.04%0.91%-10.53%0.50%-3.01%-405 bps
Return on Equity6.24%0.83%6.68%5.56%4.75%-56.04%2.73%-15.06%-2,062 bps
Net Interest Margin3.44%2.68%3.56%3.57%3.64%3.60%2.38%2.48%-109 bps
Efficiency Ratio50.70%85.34%47.97%54.70%63.02%219%79.31%76.75%+2,205 bps
Non-Interest Burden1.68%2.24%1.56%1.89%2.15%8.30%1.87%1.73%-16 bps
Growth
Asset Growth (YoY)-4.38%-5.77%1.17%-0.45%-4.22%-7.17%-10.90%-23.20%-2,275 bps
Loan Growth (YoY)3.24%-2.13%3.65%-4.54%-5.19%-1.91%-13.15%-26.12%-2,158 bps
Deposit Growth (YoY)-11.99%-13.17%0.65%-1.72%-6.84%-7.39%-16.90%-28.21%-2,649 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 / Loans0.00%0.00%0.00%0.00%0.00%6.41%0.00%0.00%0 bps
Allowance / Loans0.78%0.82%0.77%0.80%0.82%0.83%0.88%2.31%+150 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 Capital21.36%22.64%21.95%22.77%23.77%21.65%22.98%27.46%+469 bps
Equity / Assets18.09%18.23%18.63%18.71%19.74%17.80%19.03%21.06%+235 bps
Liquidity & Funding
Loans / Deposits120.18%115.42%123.62%117.89%122.32%122.25%129.20%121.32%+343 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a