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First and Farmers Bank, The

Portland, ND · Cert 16082

FDIC · 2 branches

Q3 2019

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: Q3 2019, the quarter ended September 30, 2019, 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

First and Farmers Bank, The

Portland, ND · Cert 16082

FDIC · 2 branches

Q3 2019

$58.7MAssets
$44.4MLoans
$48.9MDeposits
$7.2MEquity
Loan mix
81%RE $19.0M13%C&I $3.1M6%Consumer $1.4MQ3 2018Q3 2019
Deposit mix
87%Interest-bearing $42.3M13%Noninterest $6.5MQ3 2018Q3 2019

NIM

3.91%Q3 ’174.07%Q3 ’184.30%Q3 ’19+7%0%

Non-interest income vs. expense

3.10%Q3 ’173.20%Q3 ’183.53%Q3 ’19+4%+13%

Executive Summary

  • Earnings: ROA of 0.07%, down 5 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.30% of loans (+30 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.70%, down 22 bps from a year ago.
  • Funding: loans stand at 90.76% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.07%-5 bps YoY

Net Interest Margin (YTD, annualized)

3.84%-1 bps YoY

Efficiency Ratio (YTD, annualized)

79.32%+1,038 bps YoY

Tier 1 Leverage Ratio

9.70%-22 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.12%0.20%-0.26%-0.15%0.07%-5 bps
Return on Equity0.95%1.60%-2.11%-1.22%0.56%-38 bps
Net Interest Margin3.85%3.76%3.71%4.04%3.84%-1 bps
Efficiency Ratio68.94%69.04%96.34%83.65%79.32%+1,038 bps
Non-Interest Burden2.88%2.81%3.81%3.59%3.25%+37 bps
Growth
Asset Growth (YoY)8.96%0.21%-0.69%5.85%7.97%-99 bps
Loan Growth (YoY)15.05%5.98%14.91%13.42%13.04%-201 bps
Deposit Growth (YoY)-1.06%0.16%-1.95%4.94%11.75%+1,281 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%1.02%0.30%+30 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%0.00%0.00%+1 bps
Allowance / Loans0.42%0.54%0.54%0.49%0.48%+6 bps
Allowance Coverage of NPLsn/an/an/a0.5x1.6xn/a
Capital
Tier 1 Leverage Ratio9.92%9.77%9.71%9.86%9.70%-22 bps
Total Risk-Based Capital12.86%12.84%11.98%11.79%11.14%-172 bps
Equity / Assets12.62%12.01%12.77%12.55%12.34%-28 bps
Liquidity & Funding
Loans / Deposits89.72%79.12%83.85%89.48%90.76%+104 bps
Liquid Assets / Assets1.02%6.77%6.58%5.70%6.60%+558 bps
CRE / Total Capitaln/an/an/an/an/an/an/a