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Farmers Savings Bank & Trust-Vinton

Vinton, IA · Cert 15895

FDIC

Q1 2008

$74.2MAssets
$41.1MLoans
$68.1MDeposits
$5.1MEquity
Loan mix
80%RE $27.5M19%C&I $6.5M1%Consumer $0.3MQ1 2007Q1 2008
Deposit mix
89%Interest-bearing $60.9M11%Noninterest $7.2MQ1 2007Q1 2008

NIM

5.26%Q1 ’065.54%Q1 ’075.57%Q1 ’08-15%-6%

Non-interest income vs. expense

2.54%Q1 ’062.48%Q1 ’072.51%Q1 ’08-4%-5%

Executive Summary

  • Earnings: ROA of 0.72%, down 6 bps year over year; NIM at 2.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 60.43% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

0.72%-6 bps YoY

Net Interest Margin (YTD, annualized)

2.57%-16 bps YoY

Efficiency Ratio (YTD, annualized)

76.05%+171 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.78%0.83%0.86%0.86%0.72%-6 bps
Return on Equity12.04%12.98%13.38%13.03%10.24%-180 bps
Net Interest Margin2.73%2.78%2.85%2.77%2.57%-16 bps
Efficiency Ratio74.34%71.90%71.71%72.43%76.05%+171 bps
Non-Interest Burden1.87%1.82%1.86%1.84%1.78%-9 bps
Growth
Asset Growth (YoY)5.29%6.01%4.94%4.74%6.20%+91 bps
Loan Growth (YoY)2.06%3.81%5.57%6.73%3.96%+190 bps
Deposit Growth (YoY)5.52%5.03%3.81%7.02%7.79%+228 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.05%-0.04%-0.03%0.00%+1 bps
Allowance / Loans0.57%0.66%0.66%0.65%0.64%+7 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 Capital11.98%12.36%12.20%12.26%11.63%-35 bps
Equity / Assets6.16%6.27%6.46%7.20%6.82%+66 bps
Liquidity & Funding
Loans / Deposits62.66%67.24%64.79%67.93%60.43%-223 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