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Farmers and Merchants State Bank, The

Macksville, KS · Cert 18051

FDIC

Q1 2003

$31.9MAssets
$17.5MLoans
$22.7MDeposits
$2.8MEquity
Deposit mix
91%Interest-bearing $20.6M9%Noninterest $2.1MQ1 2002Q1 2003

NIM

7.87%Q1 ’016.99%Q1 ’025.25%Q1 ’03+9%-27%

Non-interest income vs. expense

2.64%Q1 ’012.58%Q1 ’022.83%Q1 ’03-1%+4%

Executive Summary

  • Earnings: ROA of 0.65%, down 112 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 77.00% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

0.65%-112 bps YoY

Net Interest Margin (quarter, annualized)

3.06%-112 bps YoY

Efficiency Ratio (quarter, annualized)

80.70%+2,301 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.77%1.37%1.74%1.42%0.65%-112 bps
Return on Equity20.96%15.36%19.09%15.95%7.32%-1,364 bps
Net Interest Margin4.18%3.81%3.90%3.87%3.06%-112 bps
Efficiency Ratio57.69%65.40%57.89%63.99%80.70%+2,301 bps
Non-Interest Burden2.29%2.36%2.03%2.27%2.38%+10 bps
Growth
Asset Growth (YoY)10.54%4.09%10.83%6.55%4.37%-617 bps
Loan Growth (YoY)26.96%11.06%12.25%-2.04%-12.04%-3,899 bps
Deposit Growth (YoY)3.02%7.96%11.51%4.21%4.80%+178 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.53%0.00%-0.02%0.00%0.00%-153 bps
Allowance / Loans1.55%1.63%1.53%1.64%1.82%+27 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 Capital11.89%12.79%13.12%12.74%13.69%+179 bps
Equity / Assets8.47%9.34%8.86%8.91%8.91%+44 bps
Liquidity & Funding
Loans / Deposits91.74%86.75%87.84%90.34%77.00%-1,474 bps
Liquid Assets / Assets8.15%7.20%8.90%9.59%9.55%+140 bps
CRE / Total Capitaln/an/an/an/an/an/an/a