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Farmers State Bank

Fairmont, NE · Cert 18739

FDIC

Q3 2010

$8.4MAssets
$2.5MLoans
$7.5MDeposits
$812KEquity
Deposit mix
69%Interest-bearing $5.2M31%Noninterest $2.3MQ3 2009Q3 2010

NIM

4.89%Q3 ’083.55%Q3 ’093.18%Q3 ’10-20%-7%

Non-interest income vs. expense

5.21%Q3 ’084.21%Q3 ’092.80%Q3 ’10-19%-36%

Executive Summary

  • Earnings: ROA of 0.31%, up 106 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 32.62% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

0.31%+106 bps YoY

Net Interest Margin (quarter, annualized)

2.80%-21 bps YoY

Efficiency Ratio (quarter, annualized)

90.41%-3,551 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-0.76%0.30%0.09%-0.33%0.31%+106 bps
Return on Equity-8.98%3.48%0.99%-3.98%3.47%+1,245 bps
Net Interest Margin3.01%3.49%2.84%2.85%2.80%-21 bps
Efficiency Ratio125.93%91.21%97.62%112.99%90.41%-3,551 bps
Non-Interest Burden3.88%3.15%2.76%3.27%2.50%-138 bps
Growth
Asset Growth (YoY)39.03%20.45%11.49%9.95%-15.98%-5,500 bps
Loan Growth (YoY)45.92%-15.04%-21.75%-8.58%-56.90%-10,282 bps
Deposit Growth (YoY)42.17%23.39%13.29%11.05%-16.57%-5,874 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.00%-0.27%0.00%0.00%-7 bps
Allowance / Loans0.81%1.27%1.64%1.67%1.96%+115 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 Capital12.54%17.83%19.71%13.38%22.00%+945 bps
Equity / Assets8.02%9.53%8.47%8.11%9.66%+164 bps
Liquidity & Funding
Loans / Deposits63.15%47.67%33.88%31.74%32.62%-3,053 bps
Liquid Assets / Assets12.20%16.94%15.96%16.26%14.43%+224 bps
CRE / Total Capitaln/an/an/an/an/an/an/a