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Farmers State Bank

Hazelton, KS · Cert 17984

FDIC

Q4 2005

$5.3MAssets
$1.5MLoans
$4.3MDeposits
$780KEquity
Deposit mix
87%Interest-bearing $3.7M13%Noninterest $0.6MQ4 2004Q4 2005

NIM

4.28%Q4 ’034.27%Q4 ’044.75%Q4 ’05-5%+1%

Non-interest income vs. expense

2.10%Q4 ’032.45%Q4 ’042.57%Q4 ’05+19%-5%

Executive Summary

  • Earnings: ROA of 1.33%, up 3 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 34.58% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.33%+3 bps YoY

Net Interest Margin (quarter, annualized)

3.43%+3 bps YoY

Efficiency Ratio (quarter, annualized)

64.71%-125 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.30%1.56%1.34%1.32%1.33%+3 bps
Return on Equity7.04%8.79%7.32%7.12%8.10%+106 bps
Net Interest Margin3.40%3.46%3.57%3.37%3.43%+3 bps
Efficiency Ratio65.96%58.70%60.87%65.96%64.71%-125 bps
Non-Interest Burden2.13%1.90%2.08%2.05%2.03%-11 bps
Growth
Asset Growth (YoY)-7.70%-5.94%-7.98%1.00%7.10%+1,480 bps
Loan Growth (YoY)-13.51%-8.92%6.03%15.51%7.85%+2,136 bps
Deposit Growth (YoY)-6.12%-7.31%-10.58%2.20%6.74%+1,286 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 / Loans2.54%2.47%2.69%2.54%2.36%-19 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 Capital36.61%32.36%39.79%39.32%34.20%-241 bps
Equity / Assets17.84%17.69%18.81%18.18%14.78%-306 bps
Liquidity & Funding
Loans / Deposits34.23%36.56%33.63%34.12%34.58%+36 bps
Liquid Assets / Assets0.00%1.77%1.80%5.76%12.92%+1,292 bps
CRE / Total Capitaln/an/an/an/an/an/an/a