PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $378KQ3 2021Q3 2022
Deposit mix
26%Interest-bearing $2.5M74%Noninterest $6.9MQ3 2021Q3 2022

NIM

2.55%Q3 ’202.35%Q3 ’212.99%Q3 ’22-10%+28%

Non-interest income vs. expense

3.14%Q3 ’202.78%Q3 ’211.44%Q3 ’22-10%-51%

Executive Summary

  • Earnings: ROA of 2.24%, up 248 bps year over year; NIM at 2.95%.
  • 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.

Financial Results

Return on Assets (quarter, annualized)

2.24%+248 bps YoY

Net Interest Margin (quarter, annualized)

2.95%+65 bps YoY

Efficiency Ratio (quarter, annualized)

45.88%-6,429 bps YoY

Tier 1 Leverage Ratio

7.36%-49 bps YoY

Discrete quarter, annualized.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets-0.24%-0.51%-0.08%-0.40%2.24%+248 bps
Return on Equity-2.69%-5.54%-1.26%-18.37%-573%-57,015 bps
Net Interest Margin2.31%2.14%2.15%2.45%2.95%+65 bps
Efficiency Ratio110.17%120.69%103.28%123.94%45.88%-6,429 bps
Non-Interest Burden2.56%2.65%2.23%3.08%1.26%-131 bps
Growth
Asset Growth (YoY)16.09%26.54%13.29%10.14%-4.11%-2,020 bps
Loan Growth (YoY)-2.31%54.01%7.44%-29.33%-25.39%-2,308 bps
Deposit Growth (YoY)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 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.18%2.25%2.33%3.13%2.92%+74 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio7.85%7.78%7.32%6.86%7.36%-49 bps
Total Risk-Based Capital27.13%26.59%24.05%21.91%24.53%-260 bps
Equity / Assets9.17%9.10%4.00%0.53%-1.54%-1,070 bps
Liquidity & Funding
Loans / Deposits18.43%18.36%14.97%9.76%12.78%-565 bps
Liquid Assets / Assets14.04%11.41%14.68%12.94%6.57%-747 bps
CRE / Total Capitaln/an/an/an/an/an/an/a