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Farmers State Bank

Liberty, IN · Cert 15548

FDIC

Q3 2001

$57.9MAssets
$48.9MLoans
$49.9MDeposits
$7.2MEquity
Deposit mix
85%Interest-bearing $42.5M15%Noninterest $7.4MQ3 2000Q3 2001

NIM

7.79%Q1 ’017.76%Q2 ’017.39%Q3 ’01+3%-1%

Non-interest income vs. expense

2.83%Q1 ’012.89%Q2 ’013.20%Q3 ’01-3%+16%

Executive Summary

  • Earnings: ROA of 0.95%, unchanged from a year ago; NIM at 4.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 98.04% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

0.95%0 bps YoY

Net Interest Margin (quarter, annualized)

4.45%

Efficiency Ratio (quarter, annualized)

65.28%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets0.95%1.00%1.08%1.12%0.95%0 bps
Return on Equityn/an/an/a7.91%7.15%n/a
Net Interest Marginn/an/a4.35%4.49%4.45%n/a
Efficiency Ration/an/a59.72%57.62%65.28%n/a
Non-Interest Burdenn/an/a2.44%2.36%2.75%n/a
Growth
Asset Growth (YoY)5.77%5.08%-1.19%0.32%-6.23%-1,200 bps
Loan Growth (YoY)4.29%0.57%3.46%1.61%-1.46%-575 bps
Deposit Growth (YoY)6.80%7.98%-2.51%0.86%-5.50%-1,230 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a-0.01%0.19%0.23%n/a
Allowance / Loansn/an/a1.72%1.72%1.68%n/a
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 Capitaln/an/a14.69%15.05%12.30%n/a
Equity / Assetsn/an/a14.08%14.25%12.45%n/a
Liquidity & Funding
Loans / Deposits94.01%90.67%98.64%98.57%98.04%+403 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a