PackageTrendsPeer
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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 $2.9MQ4 2020Q3 2022
Deposit mix
63%Interest-bearing $254.8M37%Noninterest $149.8MQ4 2020Q3 2022

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 0.47%, down 1 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.01% of loans (-72 bps YoY), with net charge-offs at 0.03%.
  • 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.

Return on Assets (quarter, annualized)

0.47%-1 bps YoY

Net Interest Margin (quarter, annualized)

2.85%+3 bps YoY

Efficiency Ratio (quarter, annualized)

82.39%-305 bps YoY

Tier 1 Leverage Ratio

6.25%+27 bps YoY

NIM

3.42%Q3 ’202.95%Q3 ’212.97%Q3 ’22-12%+1%

Non-interest income vs. expense

3.19%Q3 ’202.79%Q3 ’212.75%Q3 ’22-13%-3%

Discrete quarter, annualized.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets0.37%0.25%0.57%0.48%0.52%0.13%0.30%0.47%-1 bps
Return on Equity5.66%4.14%9.59%8.15%9.44%3.17%11.66%34.91%+2,676 bps
Net Interest Margin3.12%2.66%2.73%2.82%2.71%2.38%2.59%2.85%+3 bps
Efficiency Ratio85.52%92.00%82.96%85.44%85.72%94.09%87.66%82.39%-305 bps
Non-Interest Burden2.59%2.41%2.17%2.34%2.24%2.21%2.22%2.26%-8 bps
Growth
Asset Growth (YoY)22.04%24.14%10.50%10.19%11.16%6.53%5.75%-2.19%-1,237 bps
Loan Growth (YoY)3.46%-2.21%-17.02%-18.50%-13.32%-8.10%-0.56%-1.64%+1,686 bps
Deposit Growth (YoY)22.78%26.02%11.27%11.21%12.59%9.58%10.27%3.07%-814 bps
Asset Quality
Nonperforming Loans / Loans0.73%0.72%0.73%0.73%0.05%0.07%0.00%0.01%-72 bps
Net Charge-Offs / Loans0.03%0.04%0.02%0.01%-0.38%-0.05%0.25%0.03%+2 bps
Allowance / Loans1.08%1.15%1.18%1.20%1.32%1.35%1.23%1.25%+6 bps
Allowance Coverage of NPLs1.5x1.6x1.6x1.6x25.4x19.3xn/a95.9x+94.2x
Capital
Tier 1 Leverage Ratio6.11%5.97%5.92%5.98%5.99%5.90%6.02%6.25%+27 bps
Total Risk-Based Capital13.45%13.52%13.52%13.12%13.22%13.13%13.06%13.88%+76 bps
Equity / Assets6.45%5.79%6.01%5.71%5.27%3.10%2.01%0.64%-507 bps
Liquidity & Funding
Loans / Deposits58.20%51.76%49.81%47.57%44.81%43.41%44.91%45.40%-217 bps
Liquid Assets / Assets11.64%13.46%11.66%7.14%9.61%7.66%9.27%9.71%+257 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a