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Farmers Bank, The

Forsyth, GA · Cert 17089

FDIC · 5 branches

Q3 2022

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: Q3 2022, the quarter ended September 30, 2022, 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 Bank, The

Forsyth, GA · Cert 17089

FDIC · 5 branches

Q3 2022

$407.7MAssets
$183.7MLoans
$404.6MDeposits
$2.6MEquity
Loan mix
92%RE $107.5M6%C&I $7.0M2%Consumer $2.9MQ3 2021Q3 2022
Deposit mix
63%Interest-bearing $254.8M37%Noninterest $149.8MQ3 2021Q3 2022

NIM

3.63%Q3 ’202.83%Q3 ’212.75%Q3 ’22-20%-2%

Non-interest income vs. expense

3.32%Q3 ’202.76%Q3 ’212.74%Q3 ’22-22%-1%

Market Position · Warner Robins, GA · 2022 SOD (annual) · 4.9% share · #8 of 11 inst. · $0.1B of $2.7B

5.6% Houston
21.2% Emanuel
4.4% Rockdale
30.9% Monroe

Executive Summary

  • Earnings: ROA of 0.30%, down 14 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.01% of loans (-72 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 6.25%, up 27 bps from a year ago.
  • Funding: loans stand at 45.40% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

0.30%-14 bps YoY

Net Interest Margin (YTD, annualized)

2.63%-5 bps YoY

Efficiency Ratio (YTD, annualized)

87.77%+109 bps YoY

Tier 1 Leverage Ratio

6.25%+27 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.43%0.46%0.13%0.22%0.30%-14 bps
Return on Equity7.26%7.82%3.17%6.23%10.75%+349 bps
Net Interest Margin2.69%2.65%2.38%2.49%2.63%-5 bps
Efficiency Ratio86.68%86.43%94.09%90.76%87.77%+109 bps
Non-Interest Burden2.27%2.23%2.21%2.22%2.25%-1 bps
Growth
Asset Growth (YoY)10.19%11.16%6.53%5.75%-2.19%-1,237 bps
Loan Growth (YoY)-18.50%-13.32%-8.10%-0.56%-1.64%+1,686 bps
Deposit Growth (YoY)11.21%12.59%9.58%10.27%3.07%-814 bps
Asset Quality
Nonperforming Loans / Loans0.73%0.05%0.07%0.00%0.01%-72 bps
Net Charge-Offs / Loans0.02%-0.08%-0.05%0.10%0.08%+6 bps
Allowance / Loans1.20%1.32%1.35%1.23%1.25%+6 bps
Allowance Coverage of NPLs1.6x25.4x19.3xn/a95.9x+94.2x
Capital
Tier 1 Leverage Ratio5.98%5.99%5.90%6.02%6.25%+27 bps
Total Risk-Based Capital13.12%13.22%13.13%13.06%13.88%+76 bps
Equity / Assets5.71%5.27%3.10%2.01%0.64%-507 bps
Liquidity & Funding
Loans / Deposits47.57%44.81%43.41%44.91%45.40%-217 bps
Liquid Assets / Assets7.14%9.61%7.66%9.27%9.71%+257 bps
CRE / Total Capitaln/an/an/an/an/an/an/a