PackageTrendsPeer
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Farmers & Merchants State Bank of Sacred Heart

Sacred Heart, MN · Cert 1901

FDIC · 1 branch

Q2 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2019, the quarter ended June 30, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers & Merchants State Bank of Sacred Heart

Sacred Heart, MN · Cert 1901

FDIC · 1 branch

Q2 2019

$26.3MAssets
$13.7MLoans
$23.3MDeposits
$3.0MEquity
Loan mix
82%RE $5.8M13%C&I $0.9M5%Consumer $0.3MQ2 2018Q2 2019
Deposit mix
51%Interest-bearing $12.0M49%Noninterest $11.3MQ2 2018Q2 2019

NIM

2.69%Q2 ’173.30%Q2 ’183.63%Q2 ’19+20%+4%

Non-interest income vs. expense

2.44%Q2 ’172.64%Q2 ’182.36%Q2 ’19+10%-11%

Executive Summary

  • Earnings: ROA of 0.93%, up 41 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.09%, down 6 bps from a year ago.
  • Funding: loans stand at 58.63% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

0.93%+41 bps YoY

Net Interest Margin (YTD, annualized)

3.14%+11 bps YoY

Efficiency Ratio (YTD, annualized)

71.53%-1,118 bps YoY

Tier 1 Leverage Ratio

11.09%-6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.52%0.60%0.47%0.77%0.93%+41 bps
Return on Equity4.82%5.46%4.29%7.00%8.41%+359 bps
Net Interest Margin3.03%3.21%3.15%3.04%3.14%+11 bps
Efficiency Ratio82.71%79.39%83.47%75.81%71.53%-1,118 bps
Non-Interest Burden2.47%2.51%2.60%2.25%2.20%-27 bps
Growth
Asset Growth (YoY)-7.46%-3.94%0.23%4.73%9.57%+1,704 bps
Loan Growth (YoY)13.04%19.14%6.21%13.12%0.55%-1,249 bps
Deposit Growth (YoY)-8.20%-4.33%-0.02%4.27%9.48%+1,768 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.00%0.00%+1 bps
Allowance / Loans1.32%1.31%1.40%1.43%1.44%+12 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.14%11.57%11.36%10.90%11.09%-6 bps
Total Risk-Based Capital20.02%19.97%19.68%19.98%20.93%+92 bps
Equity / Assets11.09%11.58%10.83%11.10%11.26%+17 bps
Liquidity & Funding
Loans / Deposits63.83%71.52%61.41%59.83%58.63%-521 bps
Liquid Assets / Assets20.94%14.81%17.93%28.01%31.28%+1,034 bps
CRE / Total Capitaln/an/an/an/an/an/an/a