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Letter portraitLegal landscapeQuarterYTD

Farmers State Bank of Highland, Kansas, The

Highland, KS · Cert 17619

FDIC

Q2 2011

$15.4MAssets
$4.1MLoans
$13.3MDeposits
$2.0MEquity
Loan mix
56%RE $429K31%C&I $243K13%Consumer $100KQ2 2010Q2 2011
Deposit mix
77%Interest-bearing $10.3M23%Noninterest $3.0MQ2 2010Q2 2011

NIM

3.89%Q2 ’092.92%Q2 ’102.73%Q2 ’11-23%-7%

Non-interest income vs. expense

2.81%Q2 ’092.57%Q2 ’102.68%Q2 ’11-8%+6%

Executive Summary

  • Earnings: ROA of 0.13%, down 1 bps year over year; NIM at 2.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 31.04% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

0.13%1-1 bps YoY

Net Interest Margin (YTD, annualized)

2.36%-18 bps YoY

Efficiency Ratio (YTD, annualized)

107.01%+1,203 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.13%0.18%0.08%-0.29%0.13%1-1 bps
Return on Equity0.98%1.30%0.58%-1.95%0.88%-10 bps
Net Interest Margin2.54%2.63%2.67%2.37%2.36%-18 bps
Efficiency Ratio94.97%93.40%96.98%112.50%107.01%+1,203 bps
Non-Interest Burden2.41%2.44%2.59%2.68%2.54%+13 bps
Growth
Asset Growth (YoY)16.26%20.01%-12.79%-2.51%5.36%-1,090 bps
Loan Growth (YoY)-9.66%-10.71%-8.64%-8.20%-6.26%+341 bps
Deposit Growth (YoY)19.64%24.09%-15.03%-2.88%6.22%-1,342 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 / Loans3.60%3.53%3.99%4.39%3.84%+24 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 Capital32.10%31.31%36.41%34.62%32.99%+88 bps
Equity / Assets14.03%13.48%16.53%13.35%13.30%-73 bps
Liquidity & Funding
Loans / Deposits35.17%34.26%38.33%27.45%31.04%-413 bps
Liquid Assets / Assets25.02%24.00%28.41%22.58%16.95%-807 bps
CRE / Total Capitaln/an/an/an/an/an/an/a