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Farmers State Bank of Crosby, North Dakota

Crosby, ND · Cert 14353

FDIC · 1 branch

Q4 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2014, the quarter ended December 31, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Farmers State Bank of Crosby, North Dakota

Crosby, ND · Cert 14353

FDIC · 1 branch

Q4 2014

$67.2MAssets
$4.2MLoans
$61.1MDeposits
$6.1MEquity
Loan mix
61%RE $1.8M37%C&I $1.1M2%Consumer $0.1MQ4 2013Q4 2014
Deposit mix
68%Interest-bearing $41.6M32%Noninterest $19.6MQ4 2013Q4 2014

NIM

1.89%Q4 ’121.36%Q4 ’131.43%Q4 ’14-27%+6%

Non-interest income vs. expense

1.39%Q4 ’121.09%Q4 ’131.40%Q4 ’14-25%+26%

Executive Summary

  • Earnings: ROA of 0.13%, down 23 bps year over year; NIM at 1.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 6.83% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

0.13%-23 bps YoY

Net Interest Margin (YTD, annualized)

1.36%+8 bps YoY

Efficiency Ratio (YTD, annualized)

90.82%+1,353 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.36%0.38%0.37%0.28%0.13%-23 bps
Return on Equity4.36%4.93%4.55%3.31%1.49%-287 bps
Net Interest Margin1.28%1.24%1.35%1.40%1.36%+8 bps
Efficiency Ratio77.29%73.78%74.91%80.58%90.82%+1,353 bps
Non-Interest Burden0.96%0.86%0.96%1.09%1.22%+25 bps
Growth
Asset Growth (YoY)13.84%2.60%-4.67%-16.87%-15.81%-2,965 bps
Loan Growth (YoY)-7.15%-0.89%-25.82%-49.07%-47.12%-3,997 bps
Deposit Growth (YoY)15.92%3.36%-5.10%-18.20%-17.18%-3,310 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans5.09%5.94%7.03%9.88%9.63%+454 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 Capital30.55%35.56%41.61%48.26%67.74%+3,719 bps
Equity / Assets7.54%7.91%9.01%9.55%9.07%+153 bps
Liquidity & Funding
Loans / Deposits10.69%9.47%9.01%6.91%6.83%-387 bps
Liquid Assets / Assets49.30%55.97%58.42%58.79%57.23%+793 bps
CRE / Total Capitaln/an/an/an/an/an/an/a