Farmers State Bank

Liberty, IN · Cert 15548

FDIC

Q3 2001

$57.9MAssets

$48.9MLoans

$49.9MDeposits

$7.2MEquity

Deposit mix

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.

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.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.95%	0.85%	0.90%	0.95%	1.00%	1.08%	1.12%	0.95%	0 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	7.91%	7.15%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.35%	4.49%	4.45%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	59.72%	57.62%	65.28%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.44%	2.36%	2.75%	n/a
Growth
Asset Growth (YoY)	1.36%	3.38%	3.69%	5.77%	5.08%	-1.19%	0.32%	-6.23%	-1,200 bps
Loan Growth (YoY)	7.39%	5.48%	4.43%	4.29%	0.57%	3.46%	1.61%	-1.46%	-575 bps
Deposit Growth (YoY)	-1.40%	4.02%	2.92%	6.80%	7.98%	-2.51%	0.86%	-5.50%	-1,230 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	-0.01%	0.19%	0.23%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.72%	1.72%	1.68%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	14.69%	15.05%	12.30%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	14.08%	14.25%	12.45%	n/a
Liquidity & Funding
Loans / Deposits	97.35%	92.95%	97.83%	94.01%	90.67%	98.64%	98.57%	98.04%	+403 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a