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Farmers State Bank

Corning, KS · Cert 18020

FDIC

Q4 2005

$6.8MAssets
$4.0MLoans
$5.7MDeposits
$1.1MEquity
Deposit mix
78%Interest-bearing $4.4M22%Noninterest $1.2MQ4 2004Q4 2005

NIM

5.47%Q4 ’034.95%Q4 ’044.08%Q4 ’05-5%-14%

Non-interest income vs. expense

2.44%Q4 ’032.40%Q4 ’042.07%Q4 ’05-3%-14%

Executive Summary

  • Earnings: ROA of 1.15%, down 14 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 70.04% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.15%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-56 bps YoY

Efficiency Ratio (YTD, annualized)

51.74%-353 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.30%3.81%0.03%0.61%1.15%-14 bps
Return on Equity13.31%37.55%0.25%4.95%8.87%-444 bps
Net Interest Margin3.89%4.03%2.18%2.89%3.34%-56 bps
Efficiency Ratio55.27%51.85%47.62%47.67%51.74%-353 bps
Non-Interest Burden1.95%1.75%0.99%1.32%1.68%-27 bps
Growth
Asset Growth (YoY)0.53%-6.04%0.91%-2.31%-3.75%-428 bps
Loan Growth (YoY)2.54%-13.15%-17.26%-18.44%-22.46%-2,500 bps
Deposit Growth (YoY)1.42%-6.27%-4.54%-9.63%-9.97%-1,138 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.00%0.00%0.00%0.00%+4 bps
Allowance / Loans1.60%1.50%1.45%1.50%1.64%+4 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 Capital15.96%18.62%18.36%18.80%21.66%+570 bps
Equity / Assets9.74%10.58%14.24%14.79%15.73%+599 bps
Liquidity & Funding
Loans / Deposits81.32%70.93%73.47%75.84%70.04%-1,128 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a