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Farmers & Merchants State Bank of Krum

Krum, TX · Cert 16674

FDIC

Q4 2004

$155.3MAssets
$115.7MLoans
$142.2MDeposits
$11.8MEquity
Deposit mix
75%Interest-bearing $106.7M25%Noninterest $35.5MQ1 2003Q4 2004

Executive Summary

  • Earnings: ROA of 2.02%, down 33 bps year over year; NIM at 4.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.60%.
  • Funding: loans stand at 81.36% of deposits as of Q4 2004.

Return on Assets (YTD, annualized)

2.02%-33 bps YoY

Net Interest Margin (YTD, annualized)

4.78%-25 bps YoY

Efficiency Ratio (YTD, annualized)

73.25%+587 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.06%Q4 ’026.41%Q4 ’036.02%Q4 ’04-4%-5%

Non-interest income vs. expense

6.07%Q4 ’026.27%Q4 ’036.26%Q4 ’04-19%+25%

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets3.16%2.91%2.75%2.35%2.10%2.17%2.39%2.02%-33 bps
Return on Equity39.67%35.62%33.21%28.66%25.99%27.50%30.21%25.74%-291 bps
Net Interest Margin5.66%5.48%5.20%5.04%5.13%5.08%4.88%4.78%-25 bps
Efficiency Ratio63.91%65.26%65.43%67.38%69.63%70.48%69.75%73.25%+587 bps
Non-Interest Burden1.98%1.94%1.83%2.00%2.31%2.36%2.18%2.50%+50 bps
Growth
Asset Growth (YoY)17.75%21.48%20.59%14.69%13.82%20.13%16.27%24.05%+935 bps
Loan Growth (YoY)23.42%21.93%20.55%10.34%9.98%17.73%18.09%25.66%+1,532 bps
Deposit Growth (YoY)16.74%20.67%20.08%14.43%13.62%21.56%16.87%24.73%+1,030 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.50%0.62%0.85%0.76%0.45%0.37%0.60%-25 bps
Allowance / Loans0.67%0.70%0.77%0.67%0.71%0.72%0.71%0.43%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.07%11.68%11.96%11.25%11.67%10.94%11.09%10.63%-62 bps
Equity / Assets8.05%8.59%8.55%7.94%8.22%7.50%7.98%7.62%-32 bps
Liquidity & Funding
Loans / Deposits81.18%83.84%82.69%80.76%78.58%81.19%83.55%81.36%+60 bps
Liquid Assets / Assets0.93%0.05%0.03%0.00%0.43%0.39%0.39%0.36%+36 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a