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Farmers Bank of Portageville

Portageville, MO · Cert 1642

FDIC

Q3 2004

$48.7MAssets
$29.3MLoans
$42.6MDeposits
$5.8MEquity
Deposit mix
82%Interest-bearing $35.1M18%Noninterest $7.5MQ3 2003Q3 2004

NIM

6.23%Q3 ’025.91%Q3 ’034.86%Q3 ’04+7%-16%

Non-interest income vs. expense

2.53%Q3 ’022.63%Q3 ’032.34%Q3 ’04+8%-15%

Executive Summary

  • Earnings: ROA of 1.12%, down 47 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 68.80% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.12%-47 bps YoY

Net Interest Margin (YTD, annualized)

3.71%-72 bps YoY

Efficiency Ratio (YTD, annualized)

51.92%+148 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.59%1.50%0.79%0.92%1.12%-47 bps
Return on Equity13.69%13.12%7.30%8.43%10.06%-363 bps
Net Interest Margin4.42%4.14%3.66%3.62%3.71%-72 bps
Efficiency Ratio50.44%50.59%58.00%57.97%51.92%+148 bps
Non-Interest Burden1.93%1.82%1.93%1.87%1.64%-30 bps
Growth
Asset Growth (YoY)-3.87%5.06%0.00%-1.18%0.18%+404 bps
Loan Growth (YoY)8.98%10.02%0.29%-11.30%-14.54%-2,352 bps
Deposit Growth (YoY)-1.00%5.90%0.36%1.38%1.05%+206 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.25%1.30%0.90%0.63%+48 bps
Allowance / Loans1.24%1.25%1.10%1.02%1.21%-3 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 Capital16.35%17.19%17.65%17.70%18.70%+235 bps
Equity / Assets11.84%10.84%10.92%10.99%11.93%+9 bps
Liquidity & Funding
Loans / Deposits81.36%68.00%62.16%64.12%68.80%-1,256 bps
Liquid Assets / Assets0.04%0.03%3.29%0.11%0.03%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a