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Farmers & Merchants Bank and Trust Company

Hannibal, MO · Cert 1939

FDIC

Q2 2006

$88.9MAssets
$72.4MLoans
$66.1MDeposits
$8.9MEquity
Loan mix
64%RE $27.3M35%C&I $14.7M2%Consumer $0.6MQ2 2005Q2 2006
Deposit mix
85%Interest-bearing $56.4M15%Noninterest $9.7MQ2 2005Q2 2006

NIM

4.75%Q2 ’044.80%Q2 ’055.62%Q2 ’06-9%+3%

Non-interest income vs. expense

4.50%Q2 ’044.19%Q2 ’053.78%Q2 ’06-8%+2%

Executive Summary

  • Earnings: ROA of 0.05%, down 30 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 109.51% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

0.05%-30 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+10 bps YoY

Efficiency Ratio (quarter, annualized)

87.91%-179 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.35%0.37%0.60%0.22%0.05%-30 bps
Return on Equity3.48%3.68%5.94%2.09%0.49%-299 bps
Net Interest Margin3.28%3.26%4.17%3.59%3.38%+10 bps
Efficiency Ratio89.70%87.75%80.84%92.51%87.91%-179 bps
Non-Interest Burden2.80%2.66%3.19%3.25%2.86%+6 bps
Growth
Asset Growth (YoY)10.79%6.04%4.00%-3.09%0.19%-1,060 bps
Loan Growth (YoY)10.83%6.47%1.52%-0.80%1.64%-920 bps
Deposit Growth (YoY)10.36%3.50%2.54%-1.37%-7.82%-1,818 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.05%0.01%0.05%0.07%+7 bps
Allowance / Loans1.14%1.17%1.21%1.18%1.26%+12 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 Capital15.03%15.06%15.38%15.59%14.82%-21 bps
Equity / Assets10.00%10.23%10.04%10.65%10.05%+5 bps
Liquidity & Funding
Loans / Deposits99.33%103.45%94.06%104.10%109.51%+1,018 bps
Liquid Assets / Assets3.94%3.92%7.77%2.89%2.75%-120 bps
CRE / Total Capitaln/an/an/an/an/an/an/a