PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $1.4MQ4 2017Q3 2019
Deposit mix
87%Interest-bearing $42.3M13%Noninterest $6.5MQ4 2017Q3 2019

Executive Summary

  • Earnings: ROA of 0.51%, up 22 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.30% of loans (+30 bps YoY), with net recoveries of 0.02%.
  • 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.

Return on Assets (quarter, annualized)

0.51%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.74%-23 bps YoY

Efficiency Ratio (quarter, annualized)

70.45%+590 bps YoY

Tier 1 Leverage Ratio

9.70%-22 bps YoY

NIM

3.98%Q3 ’174.27%Q3 ’184.37%Q3 ’19+8%-6%

Non-interest income vs. expense

2.92%Q3 ’173.02%Q3 ’183.13%Q3 ’19+8%+3%

Discrete quarter, annualized.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets-1.36%0.18%-0.11%0.28%0.44%-0.26%-0.04%0.51%+22 bps
Return on Equity-13.10%1.50%-0.87%2.21%3.58%-2.11%-0.34%4.06%+185 bps
Net Interest Margin-8.53%3.67%3.80%3.97%3.92%3.71%4.35%3.74%-23 bps
Efficiency Ratio68.80%65.93%76.43%64.56%69.31%96.34%72.61%70.45%+590 bps
Non-Interest Burden-6.55%2.70%3.10%2.76%2.89%3.81%3.34%2.83%+7 bps
Growth
Asset Growth (YoY)3.01%-1.37%5.72%8.96%0.21%-0.69%5.85%7.97%-99 bps
Loan Growth (YoY)4.24%5.59%9.24%15.05%5.98%14.91%13.42%13.04%-201 bps
Deposit Growth (YoY)-3.46%-7.11%0.28%-1.06%0.16%-1.95%4.94%11.75%+1,281 bps
Asset Quality
Nonperforming Loans / Loans1.21%0.00%0.00%0.00%0.00%0.00%1.02%0.30%+30 bps
Net Charge-Offs / Loans0.07%0.00%-0.02%-0.03%0.01%-0.01%0.02%-0.02%+1 bps
Allowance / Loans0.01%0.16%0.28%0.42%0.54%0.54%0.49%0.48%+6 bps
Allowance Coverage of NPLs0.0xn/an/an/an/an/a0.5x1.6xn/a
Capital
Tier 1 Leverage Ratio9.96%9.40%9.75%9.92%9.77%9.71%9.86%9.70%-22 bps
Total Risk-Based Capital12.16%12.66%12.69%12.86%12.84%11.98%11.79%11.14%-172 bps
Equity / Assets12.02%12.38%12.81%12.62%12.01%12.77%12.55%12.34%-28 bps
Liquidity & Funding
Loans / Deposits74.78%71.55%82.79%89.72%79.12%83.85%89.48%90.76%+104 bps
Liquid Assets / Assets2.85%3.18%0.28%1.02%6.77%6.58%5.70%6.60%+558 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a