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Letter portraitLegal landscapeQuarterYTD

Farmers State Bank, Astoria

Astoria, IL · Cert 23324

FDIC

Q1 2011

$18.3MAssets
$10.1MLoans
$16.7MDeposits
$1.5MEquity
Loan mix
69%RE $6.2M5%C&I $0.5M26%Consumer $2.3MQ1 2010Q1 2011
Deposit mix
79%Interest-bearing $13.2M21%Noninterest $3.5MQ1 2010Q1 2011

NIM

5.19%Q1 ’094.79%Q1 ’104.30%Q1 ’11-4%-9%

Non-interest income vs. expense

3.47%Q1 ’093.63%Q1 ’103.52%Q1 ’11+2%-7%

Executive Summary

  • Earnings: ROA of 0.82%, unchanged from a year ago; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 60.27% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.82%0 bps YoY

Net Interest Margin (YTD, annualized)

3.63%-38 bps YoY

Efficiency Ratio (YTD, annualized)

80.61%+244 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.82%0.88%0.85%-2.57%0.82%0 bps
Return on Equity6.45%6.87%6.68%-21.64%9.63%+318 bps
Net Interest Margin4.01%4.09%4.12%3.84%3.63%-38 bps
Efficiency Ratio78.17%77.31%78.07%152.39%80.61%+244 bps
Non-Interest Burden3.00%3.01%3.07%6.19%2.79%-21 bps
Growth
Asset Growth (YoY)-2.23%-1.29%4.81%5.98%10.77%+1,300 bps
Loan Growth (YoY)-0.48%2.10%3.86%2.57%0.21%+68 bps
Deposit Growth (YoY)-2.05%-1.09%9.92%14.87%16.39%+1,844 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.02%-0.04%0.01%-0.08%-4 bps
Allowance / Loans1.34%1.39%1.45%1.24%1.33%-1 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 Capital23.27%23.17%22.76%17.35%19.14%-413 bps
Equity / Assets12.79%13.00%12.42%8.64%8.45%-434 bps
Liquidity & Funding
Loans / Deposits70.01%72.14%70.24%66.04%60.27%-973 bps
Liquid Assets / Assets0.03%0.03%11.82%14.54%20.48%+2,045 bps
CRE / Total Capitaln/an/an/an/an/an/an/a