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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 -1.18%, down 231 bps year over year; NIM at 2.43%.
  • 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 (YTD, annualized)

-1.18%-231 bps YoY

Net Interest Margin (YTD, annualized)

2.43%-113 bps YoY

Efficiency Ratio (YTD, annualized)

77.86%+2,657 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.01%Q2 ’075.52%Q2 ’083.79%Q2 ’09+2%-32%

Non-interest income vs. expense

1.93%Q2 ’071.93%Q2 ’082.23%Q2 ’09-2%+4%

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.07%0.84%1.23%1.13%1.06%-1.74%0.50%-1.18%-231 bps
Return on Equity6.12%4.78%6.68%6.12%5.66%-9.32%2.73%-6.16%-1,227 bps
Net Interest Margin3.40%3.29%3.56%3.56%3.58%3.68%2.38%2.43%-113 bps
Efficiency Ratio52.11%59.23%47.97%51.29%55.37%96.05%79.31%77.86%+2,657 bps
Non-Interest Burden1.69%1.87%1.56%1.72%1.86%3.52%1.87%1.80%+8 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%1.60%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