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Farmers Bank

Antonia, MO · Cert 19435

FDIC

Q1 2006

$127.8MAssets
$51.8MLoans
$90.9MDeposits
$18.9MEquity
Loan mix
68%RE $25.9M31%C&I $12.0M1%Consumer $0.2MQ1 2005Q1 2006
Deposit mix
78%Interest-bearing $71.0M22%Noninterest $19.9MQ1 2005Q1 2006

NIM

4.32%Q1 ’044.58%Q1 ’053.20%Q1 ’06+6%-42%

Non-interest income vs. expense

4.33%Q1 ’044.29%Q1 ’052.17%Q1 ’06-1%-54%

Executive Summary

  • Earnings: ROA of 0.54%, up 4 bps year over year; NIM at 2.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 57.00% of deposits as of Q1 2006.

Financial Results

Return on Assets (quarter, annualized)

0.54%+4 bps YoY

Net Interest Margin (quarter, annualized)

2.17%-155 bps YoY

Efficiency Ratio (quarter, annualized)

73.57%-1,276 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.50%0.59%0.47%0.09%0.54%+4 bps
Return on Equity5.38%6.30%5.00%0.93%4.46%-92 bps
Net Interest Margin3.72%3.85%3.61%3.74%2.17%-155 bps
Efficiency Ratio86.33%85.17%87.60%107.29%73.57%-1,276 bps
Non-Interest Burden3.04%3.07%2.98%4.10%1.39%-165 bps
Growth
Asset Growth (YoY)-2.33%-4.92%-2.65%-0.05%12.55%+1,488 bps
Loan Growth (YoY)4.07%0.31%2.33%-5.16%-7.19%-1,126 bps
Deposit Growth (YoY)-3.57%-2.20%-3.60%-6.41%-6.06%-250 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.14%0.93%-0.64%-0.09%-6 bps
Allowance / Loans1.52%1.50%1.28%1.33%1.62%+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 Capital16.86%17.41%16.14%16.87%20.36%+351 bps
Equity / Assets9.32%9.38%9.36%9.26%14.79%+546 bps
Liquidity & Funding
Loans / Deposits57.69%56.85%57.17%60.07%57.00%-69 bps
Liquid Assets / Assets0.09%0.11%0.12%0.15%0.21%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a