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Merchants and Farmers Bank

Donalsonville, GA · Cert 15878

FDIC

Q4 2005

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 2005, the quarter ended December 31, 2005, 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 2026-10-11

Merchants and Farmers Bank

Donalsonville, GA · Cert 15878

FDIC

Q4 2005

$97.1MAssets
$55.2MLoans
$78.9MDeposits
$11.1MEquity
Loan mix
81%RE $25.6M18%C&I $5.6M1%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
88%Interest-bearing $69.4M12%Noninterest $9.5MQ4 2004Q4 2005

NIM

5.01%Q4 ’034.80%Q4 ’045.86%Q4 ’05-1%+20%

Non-interest income vs. expense

2.47%Q4 ’032.62%Q4 ’042.87%Q4 ’05+9%+13%

Executive Summary

  • Earnings: ROA of 1.27%, up 3 bps year over year; NIM at 4.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 69.94% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.27%+3 bps YoY

Net Interest Margin (YTD, annualized)

4.22%+71 bps YoY

Efficiency Ratio (YTD, annualized)

53.84%-206 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.24%1.35%1.12%1.20%1.27%+3 bps
Return on Equity10.45%11.57%9.51%10.25%10.83%+39 bps
Net Interest Margin3.51%3.74%4.15%4.26%4.22%+71 bps
Efficiency Ratio55.90%51.94%54.58%55.08%53.84%-206 bps
Non-Interest Burden1.86%1.79%2.11%2.18%2.11%+25 bps
Growth
Asset Growth (YoY)-2.13%-0.37%-0.22%4.09%2.40%+454 bps
Loan Growth (YoY)-7.22%-5.20%4.02%7.77%5.01%+1,223 bps
Deposit Growth (YoY)-2.37%-0.03%-0.53%-0.41%2.90%+527 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.06%0.06%0.13%0.14%-27 bps
Allowance / Loans1.54%1.55%1.68%1.58%1.67%+12 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 Capital15.08%14.22%14.09%14.13%15.36%+29 bps
Equity / Assets11.84%11.46%12.00%11.70%11.41%-44 bps
Liquidity & Funding
Loans / Deposits68.54%72.70%81.77%84.95%69.94%+141 bps
Liquid Assets / Assets0.12%0.42%0.86%0.82%0.68%+56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a