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Farmers & Traders Savings Bank

Bancroft, IA · Cert 16717

FDIC · 1 branch

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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

Farmers & Traders Savings Bank

Bancroft, IA · Cert 16717

FDIC · 1 branch

Q4 2021

$72.9MAssets
$30.4MLoans
$62.7MDeposits
$5.4MEquity
Loan mix
84%RE $15.4M11%C&I $2.0M5%Consumer $0.9MQ4 2020Q4 2021
Deposit mix
85%Interest-bearing $53.1M15%Noninterest $9.6MQ4 2020Q4 2021

NIM

4.16%Q4 ’193.68%Q4 ’202.88%Q4 ’21-6%-16%

Non-interest income vs. expense

2.29%Q4 ’192.18%Q4 ’202.05%Q4 ’21-7%-2%

Executive Summary

  • Earnings: ROA of 0.35%, down 32 bps year over year; NIM at 2.29%.
  • Asset quality: problem loans at 0.00% of loans (-7 bps YoY), with net recoveries of 0.05%.
  • Capital: tier 1 leverage ratio of 8.22%, down 270 bps from a year ago.
  • Funding: loans stand at 48.47% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.35%-32 bps YoY

Net Interest Margin (YTD, annualized)

2.29%-44 bps YoY

Efficiency Ratio (YTD, annualized)

84.33%+1,053 bps YoY

Tier 1 Leverage Ratio

8.22%-270 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.67%0.81%0.72%0.61%0.35%-32 bps
Return on Equity6.30%8.06%7.21%6.13%3.72%-258 bps
Net Interest Margin2.72%2.47%2.43%2.35%2.29%-44 bps
Efficiency Ratio73.81%66.99%70.49%74.16%84.33%+1,053 bps
Non-Interest Burden1.95%1.63%1.68%1.71%1.90%-5 bps
Growth
Asset Growth (YoY)10.59%11.12%10.39%5.68%13.59%+300 bps
Loan Growth (YoY)-0.77%-5.78%-18.65%-22.40%-17.90%-1,713 bps
Deposit Growth (YoY)13.42%22.72%18.98%12.78%24.97%+1,155 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.07%0.08%0.07%0.00%-7 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%-0.05%-4 bps
Allowance / Loans2.07%2.08%2.40%2.56%2.52%+45 bps
Allowance Coverage of NPLs28.4x30.6x31.9x34.8xn/an/a
Capital
Tier 1 Leverage Ratio10.92%9.62%9.55%9.67%8.22%-270 bps
Total Risk-Based Capital18.69%20.03%21.10%22.50%15.80%-289 bps
Equity / Assets10.34%9.88%9.88%9.69%7.38%-296 bps
Liquidity & Funding
Loans / Deposits73.77%69.35%60.04%53.74%48.47%-2,530 bps
Liquid Assets / Assets0.17%0.29%0.19%0.22%0.13%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a