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Farmers State Bank, The

Ludell, KS · Cert 15352

FDIC · 1 branch

Q2 2015

$23.5MAssets
$13.8MLoans
$20.8MDeposits
$2.7MEquity
Loan mix
54%RE $5.2M39%C&I $3.8M8%Consumer $0.7MQ3 2013Q2 2015
Deposit mix
85%Interest-bearing $17.7M15%Noninterest $3.1MQ3 2013Q2 2015

Executive Summary

  • Earnings: ROA of 1.27%, up 37 bps year over year; NIM at 2.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Capital: tier 1 leverage ratio of 11.26%.
  • Funding: loans stand at 66.15% of deposits as of Q2 2015.

Return on Assets (YTD, annualized)

1.27%+37 bps YoY

Net Interest Margin (YTD, annualized)

2.81%+23 bps YoY

Efficiency Ratio (YTD, annualized)

47.09%-1,049 bps YoY

Tier 1 Leverage Ratio

11.26%

NIM

2.67%Q2 ’132.74%Q2 ’142.95%Q2 ’15+5%+9%

Non-interest income vs. expense

1.64%Q2 ’131.66%Q2 ’141.50%Q2 ’15-3%-17%

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets0.79%0.62%0.70%0.89%0.90%0.56%1.26%1.27%+37 bps
Return on Equity9.67%7.37%7.13%9.01%8.85%5.48%11.70%11.53%+252 bps
Net Interest Margin2.59%2.79%2.51%2.58%2.70%2.76%2.58%2.81%+23 bps
Efficiency Ratio60.95%65.55%57.47%57.58%58.35%69.05%50.89%47.09%-1,049 bps
Non-Interest Burden1.47%1.73%1.33%1.36%1.44%1.81%1.20%1.13%-23 bps
Growth
Asset Growth (YoY)-1.35%-13.02%-17.86%-14.42%-6.62%-4.37%-3.56%-3.31%+1,111 bps
Loan Growth (YoY)-3.84%-4.21%-3.04%-4.16%-0.20%6.69%20.54%27.12%+3,128 bps
Deposit Growth (YoY)-2.10%-14.76%-19.85%-16.32%-7.96%-5.51%-4.74%-4.52%+1,180 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%0.00%0.63%0.29%+29 bps
Allowance / Loans2.30%2.67%2.79%2.75%2.58%2.60%2.26%2.11%-64 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/a10.83%11.26%n/a
Total Risk-Based Capital18.76%19.81%20.50%20.95%20.35%18.90%18.99%19.04%-191 bps
Equity / Assets9.32%9.77%9.74%10.28%10.68%10.80%10.79%11.38%+110 bps
Liquidity & Funding
Loans / Deposits50.38%49.67%46.81%49.69%54.63%56.08%59.23%66.15%+1,646 bps
Liquid Assets / Assets32.21%32.85%30.47%30.43%30.48%27.69%25.57%25.74%-469 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a