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Letter portraitLegal landscapeQuarterYTD

Farmers State Bank of Dent

Dent, MN · Cert 1910

FDIC

Q1 2012

$30.3MAssets
$19.9MLoans
$27.8MDeposits
$2.4MEquity
Loan mix
78%RE $12.9M15%C&I $2.5M7%Consumer $1.2MQ1 2011Q1 2012
Deposit mix
79%Interest-bearing $21.9M21%Noninterest $5.8MQ1 2011Q1 2012

NIM

5.32%Q1 ’104.84%Q1 ’114.30%Q1 ’12-1%-9%

Non-interest income vs. expense

3.90%Q1 ’103.93%Q1 ’114.12%Q1 ’12+5%+6%

Executive Summary

  • Earnings: ROA of 0.30%, up 62 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 71.73% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

0.30%+62 bps YoY

Net Interest Margin (YTD, annualized)

3.57%-35 bps YoY

Efficiency Ratio (YTD, annualized)

100.95%+1,280 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets-0.31%-0.60%-0.48%-0.36%0.30%+62 bps
Return on Equity-4.05%-7.70%-6.20%-4.69%3.87%+792 bps
Net Interest Margin3.91%3.92%3.85%3.77%3.57%-35 bps
Efficiency Ratio88.15%91.34%92.29%94.26%100.95%+1,280 bps
Non-Interest Burden3.39%3.54%3.51%3.53%3.61%+22 bps
Growth
Asset Growth (YoY)2.79%0.15%1.98%0.53%-0.72%-352 bps
Loan Growth (YoY)-1.01%-3.96%-3.42%-7.12%-7.09%-609 bps
Deposit Growth (YoY)3.15%0.06%2.31%0.77%-1.04%-419 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.49%1.27%1.20%0.87%0.00%-49 bps
Allowance / Loans2.05%1.97%1.88%2.03%1.94%-11 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 Capital12.76%12.30%12.25%13.24%13.32%+56 bps
Equity / Assets7.71%7.96%7.59%7.67%7.92%+20 bps
Liquidity & Funding
Loans / Deposits76.41%78.03%73.87%71.91%71.73%-467 bps
Liquid Assets / Assets5.86%5.71%6.83%9.85%13.99%+813 bps
CRE / Total Capitaln/an/an/an/an/an/an/a