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Farmers Bank

Lincoln, NE · Cert 18794

FDIC

Q1 2010

$18.3MAssets
$10.4MLoans
$17.4MDeposits
$773KEquity
Deposit mix
85%Interest-bearing $14.7M15%Noninterest $2.7MQ1 2009Q1 2010

NIM

6.08%Q1 ’084.61%Q1 ’094.61%Q1 ’10+3%+22%

Non-interest income vs. expense

3.98%Q1 ’084.42%Q1 ’095.34%Q1 ’10+29%+38%

Executive Summary

  • Earnings: ROA of -5.74%, down 507 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 12.70%.
  • Funding: loans stand at 59.48% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-5.74%-507 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+66 bps YoY

Efficiency Ratio (YTD, annualized)

140.34%+1,944 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.66%-0.81%-2.02%-1.47%-5.74%-507 bps
Return on Equity-9.82%-12.01%-30.93%-23.23%-116.93%-10,711 bps
Net Interest Margin3.00%3.06%3.24%3.16%3.66%+66 bps
Efficiency Ratio120.90%125.07%128.90%127.23%140.34%+1,944 bps
Non-Interest Burden3.76%3.99%4.38%4.19%5.19%+143 bps
Growth
Asset Growth (YoY)-8.22%-7.20%-1.24%-1.67%-7.17%+105 bps
Loan Growth (YoY)-16.17%-14.23%-6.47%-4.60%-8.23%+794 bps
Deposit Growth (YoY)-7.56%-6.68%-2.05%-0.13%-4.98%+258 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.44%1.87%3.01%2.55%12.70%+1,025 bps
Allowance / Loans2.60%2.21%2.54%2.64%2.22%-38 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 Capital10.25%11.62%9.41%9.33%7.30%-295 bps
Equity / Assets6.52%6.87%5.76%5.57%4.23%-230 bps
Liquidity & Funding
Loans / Deposits61.58%70.48%70.08%64.11%59.48%-211 bps
Liquid Assets / Assets9.20%8.66%8.17%9.91%14.64%+544 bps
CRE / Total Capitaln/an/an/an/an/an/an/a