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Farmers Exchange Bank

Parkville, MO · Cert 17139

FDIC

Q3 2007

$60.0MAssets
$27.2MLoans
$43.2MDeposits
$16.5MEquity
Loan mix
83%RE $17.9M17%C&I $3.8M0%Consumer $0.0MQ3 2006Q3 2007
Deposit mix
68%Interest-bearing $29.3M32%Noninterest $13.9MQ3 2006Q3 2007

NIM

4.26%Q3 ’055.59%Q3 ’061.81%Q3 ’07+28%-68%

Non-interest income vs. expense

3.51%Q3 ’053.89%Q3 ’061.13%Q3 ’07+16%-71%

Executive Summary

  • Earnings: ROA of 0.44%, down 87 bps year over year; NIM at 1.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 62.90% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.44%-87 bps YoY

Net Interest Margin (YTD, annualized)

1.52%-323 bps YoY

Efficiency Ratio (YTD, annualized)

62.41%-748 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.31%1.28%1.29%-1.57%0.44%-87 bps
Return on Equity11.33%10.86%10.17%-12.78%2.70%-863 bps
Net Interest Margin4.74%4.85%4.68%4.89%1.52%-323 bps
Efficiency Ratio69.89%71.52%76.76%79.59%62.41%-748 bps
Non-Interest Burden3.07%3.24%3.43%3.73%0.88%-219 bps
Growth
Asset Growth (YoY)-12.89%-8.06%-8.45%-8.14%10.37%+2,326 bps
Loan Growth (YoY)16.91%5.56%0.96%-9.61%-0.35%-1,726 bps
Deposit Growth (YoY)-13.90%-9.47%-10.40%-10.08%-8.36%+554 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.86%0.68%-0.03%0.15%0.16%-69 bps
Allowance / Loans1.18%1.20%1.27%1.77%1.44%+26 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 Capital22.25%20.95%20.30%17.64%17.92%-433 bps
Equity / Assets12.94%12.50%12.90%11.41%27.49%+1,455 bps
Liquidity & Funding
Loans / Deposits57.84%55.76%52.79%50.25%62.90%+506 bps
Liquid Assets / Assets6.89%6.44%5.93%5.43%0.00%-689 bps
CRE / Total Capitaln/an/an/an/an/an/an/a