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Farmers and Merchants Bank of La Grange

La Grange, MO · Cert 1965

FDIC

Q1 2013

$26.6MAssets
$16.9MLoans
$23.6MDeposits
$2.9MEquity
Loan mix
74%RE $11.0M17%C&I $2.6M9%Consumer $1.3MQ1 2012Q1 2013
Deposit mix
86%Interest-bearing $20.3M14%Noninterest $3.4MQ1 2012Q1 2013

NIM

4.77%Q1 ’114.02%Q1 ’124.04%Q1 ’13-10%+6%

Non-interest income vs. expense

3.10%Q1 ’112.45%Q1 ’122.22%Q1 ’13-24%-10%

Executive Summary

  • Earnings: ROA of 1.83%, up 41 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 71.46% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

1.83%+41 bps YoY

Net Interest Margin (quarter, annualized)

3.70%+22 bps YoY

Efficiency Ratio (quarter, annualized)

54.79%-863 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.42%1.06%1.17%-1.54%1.83%+41 bps
Return on Equity13.18%9.53%10.26%-13.49%16.36%+318 bps
Net Interest Margin3.49%3.79%3.67%3.84%3.70%+22 bps
Efficiency Ratio63.41%57.74%65.23%98.89%54.79%-863 bps
Non-Interest Burden2.07%2.01%2.27%3.79%1.87%-21 bps
Growth
Asset Growth (YoY)1.13%-7.99%-1.25%-1.34%5.09%+395 bps
Loan Growth (YoY)-6.32%-7.64%-4.50%-1.46%0.57%+689 bps
Deposit Growth (YoY)1.05%-9.79%-2.82%-2.16%5.13%+409 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.45%-0.02%0.24%2.10%0.07%+52 bps
Allowance / Loans1.46%1.71%1.74%1.81%1.80%+34 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 Capital15.18%15.51%15.82%15.44%16.83%+165 bps
Equity / Assets10.96%11.37%11.48%11.34%11.06%+10 bps
Liquidity & Funding
Loans / Deposits74.70%76.67%75.44%76.65%71.46%-324 bps
Liquid Assets / Assets4.15%4.21%6.08%5.99%5.68%+153 bps
CRE / Total Capitaln/an/an/an/an/an/an/a