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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

1.71%Q4 ’121.44%Q4 ’131.24%Q4 ’14-15%-13%

Non-interest income vs. expense

1.34%Q4 ’121.36%Q4 ’131.69%Q4 ’140%+25%

Executive Summary

  • Earnings: ROA of -0.37%, down 63 bps year over year; NIM at 1.18%.
  • 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 (quarter, annualized)

-0.37%-63 bps YoY

Net Interest Margin (quarter, annualized)

1.18%-18 bps YoY

Efficiency Ratio (quarter, annualized)

128.50%+3,678 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.26%0.38%0.35%0.08%-0.37%-63 bps
Return on Equity3.37%4.93%4.18%0.83%-3.96%-734 bps
Net Interest Margin1.36%1.24%1.31%1.27%1.18%-18 bps
Efficiency Ratio91.72%73.78%76.10%94.35%128.50%+3,678 bps
Non-Interest Burden1.24%0.86%0.95%1.19%1.55%+31 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