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F & M Bank and Trust Company, The

Tulsa, OK · Cert 16390

FDIC

Q1 2014

$2.4BAssets
$1.7BLoans
$2.3BDeposits
$145.2MEquity
Loan mix
32%RE $469.6M67%C&I $999.6M1%Consumer $17.1MQ1 2013Q1 2014
Deposit mix
89%Interest-bearing $2.0B11%Noninterest $0.2BQ1 2013Q1 2014

NIM

3.95%Q1 ’124.10%Q1 ’133.31%Q1 ’14+7%-19%

Non-interest income vs. expense

3.01%Q1 ’123.24%Q1 ’1310.38%Q1 ’14+15%+300%

Executive Summary

  • Earnings: ROA of -5.68%, down 632 bps year over year; NIM at 3.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.06%.
  • Funding: loans stand at 76.69% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

-5.68%-632 bps YoY

Net Interest Margin (quarter, annualized)

3.00%-70 bps YoY

Efficiency Ratio (quarter, annualized)

361%+28,591 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.64%0.63%-0.15%0.42%-5.68%-632 bps
Return on Equity7.31%7.23%-1.78%5.00%-78.57%-8,588 bps
Net Interest Margin3.70%3.61%3.52%3.37%3.00%-70 bps
Efficiency Ratio75.18%75.40%106.00%76.71%361%+28,591 bps
Non-Interest Burden2.63%2.59%3.76%2.48%10.51%+788 bps
Growth
Asset Growth (YoY)11.29%13.80%11.62%11.07%1.39%-990 bps
Loan Growth (YoY)21.84%9.49%4.83%-6.52%-7.88%-2,972 bps
Deposit Growth (YoY)11.44%14.57%12.55%12.38%5.35%-609 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.22%0.00%-0.09%-0.06%-21 bps
Allowance / Loans1.31%1.25%1.26%1.37%1.97%+67 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 Capital11.25%11.29%11.38%12.06%8.88%-238 bps
Equity / Assets8.70%8.69%8.53%8.37%6.02%-268 bps
Liquidity & Funding
Loans / Deposits87.70%86.01%84.10%75.50%76.69%-1,102 bps
Liquid Assets / Assets10.68%11.89%14.01%22.36%18.74%+806 bps
CRE / Total Capitaln/an/an/an/an/an/an/a