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Farmers and Merchants Bank

Axtell, NE · Cert 17444

FDIC · 1 branch

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 and Merchants Bank

Axtell, NE · Cert 17444

FDIC · 1 branch

Q3 2022

$9.2MAssets
$1.2MLoans
$9.4MDeposits
$-142KEquity
Loan mix
20%RE $204K43%C&I $448K37%Consumer $378KQ4 2020Q3 2022
Deposit mix
26%Interest-bearing $2.5M74%Noninterest $6.9MQ4 2020Q3 2022

Executive Summary

  • Earnings: ROA of 0.59%, up 65 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.36%, down 49 bps from a year ago.
  • Funding: loans stand at 12.78% of deposits as of Q3 2022.

Return on Assets (YTD, annualized)

0.59%+65 bps YoY

Net Interest Margin (YTD, annualized)

2.47%-19 bps YoY

Efficiency Ratio (YTD, annualized)

87.56%-1,441 bps YoY

Tier 1 Leverage Ratio

7.36%-49 bps YoY

NIM

2.70%Q3 ’202.70%Q3 ’212.51%Q3 ’220%-7%

Non-interest income vs. expense

2.99%Q3 ’202.95%Q3 ’212.34%Q3 ’22+2%-21%

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets-0.19%0.34%0.04%-0.06%-0.17%-0.08%-0.25%0.59%+65 bps
Return on Equity-1.71%3.10%0.44%-0.59%-1.80%-1.26%-5.87%20.22%+2,081 bps
Net Interest Margin2.66%3.49%2.72%2.66%2.53%2.15%2.24%2.47%-19 bps
Efficiency Ratio106.36%91.25%98.61%101.97%106.13%103.28%114.39%87.56%-1,441 bps
Non-Interest Burden2.86%3.16%2.67%2.72%2.70%2.23%2.60%2.14%-58 bps
Growth
Asset Growth (YoY)0.19%17.71%14.18%16.09%26.54%13.29%10.14%-4.11%-2,020 bps
Loan Growth (YoY)-29.98%3.18%29.99%-2.31%54.01%7.44%-29.33%-25.39%-2,308 bps
Deposit Growth (YoY)1.84%17.46%16.02%18.93%31.92%20.74%20.30%7.57%-1,136 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans3.47%2.51%2.21%2.18%2.25%2.33%3.13%2.92%+74 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.28%8.81%7.53%7.85%7.78%7.32%6.86%7.36%-49 bps
Total Risk-Based Capital34.84%29.46%27.04%27.13%26.59%24.05%21.91%24.53%-260 bps
Equity / Assets12.50%9.61%8.60%9.17%9.10%4.00%0.53%-1.54%-1,070 bps
Liquidity & Funding
Loans / Deposits15.72%16.83%16.62%18.43%18.36%14.97%9.76%12.78%-565 bps
Liquid Assets / Assets16.66%23.71%20.77%14.04%11.41%14.68%12.94%6.57%-747 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a