Farmers State Bank, The

Hardtner, KS · Cert 17677

FDIC

Q4 2001

$20.7MAssets

$12.9MLoans

$20.0MDeposits

$634KEquity

Deposit mix

Executive Summary

Earnings: ROA of -7.74%, down 852 bps year over year; NIM at 3.35%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.40%.
Funding: loans stand at 64.70% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

-7.74%-852 bps YoY

Net Interest Margin (YTD, annualized)

3.35%

Efficiency Ratio (YTD, annualized)

92.23%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.76%	-0.20%	0.54%	0.79%	1.25%	-8.05%	-5.99%	-7.74%	-852 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.68%	3.70%	3.24%	3.35%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.24%	71.73%	83.76%	92.23%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.66%	2.57%	2.67%	3.06%	n/a
Growth
Asset Growth (YoY)	0.47%	-2.87%	0.83%	3.50%	6.75%	3.69%	-3.16%	-17.11%	-2,061 bps
Loan Growth (YoY)	5.24%	-1.20%	-0.87%	0.71%	4.63%	4.87%	-1.90%	-25.90%	-2,661 bps
Deposit Growth (YoY)	0.14%	-2.97%	1.04%	3.50%	6.90%	8.47%	1.38%	-10.51%	-1,400 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	-0.02%	5.08%	5.02%	9.40%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	2.24%	6.92%	7.56%	9.25%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	12.97%	8.06%	7.98%	4.70%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	9.93%	5.72%	5.55%	3.06%	n/a
Liquidity & Funding
Loans / Deposits	78.62%	75.88%	72.97%	78.15%	76.96%	73.36%	70.61%	64.70%	-1,345 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	3.17%	3.24%	2.93%	1.77%	+177 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a