PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Farmers State Bank of Fulton County

Lewistown, IL · Cert 23866

FDIC

Q3 2011

$62.4MAssets
$34.3MLoans
$55.7MDeposits
$6.5MEquity
Loan mix
88%RE $23.3M10%C&I $2.7M2%Consumer $0.5MQ3 2010Q3 2011
Deposit mix
86%Interest-bearing $48.1M14%Noninterest $7.7MQ3 2010Q3 2011

NIM

4.48%Q3 ’094.10%Q3 ’103.72%Q3 ’11-2%+1%

Non-interest income vs. expense

1.82%Q3 ’091.78%Q3 ’101.62%Q3 ’11+1%-8%

Executive Summary

  • Earnings: ROA of 1.74%, up 12 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 61.44% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

1.74%+12 bps YoY

Net Interest Margin (quarter, annualized)

3.02%+4 bps YoY

Efficiency Ratio (quarter, annualized)

47.97%-452 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets1.62%1.57%1.47%1.42%1.74%+12 bps
Return on Equity15.56%15.06%13.58%13.51%16.95%+139 bps
Net Interest Margin2.98%3.00%3.05%3.10%3.02%+4 bps
Efficiency Ratio52.49%52.41%56.08%58.23%47.97%-452 bps
Non-Interest Burden1.37%1.39%1.57%1.68%1.27%-10 bps
Growth
Asset Growth (YoY)2.64%-0.64%0.92%5.18%-2.14%-479 bps
Loan Growth (YoY)-4.20%-7.21%-8.96%-5.69%-2.85%+135 bps
Deposit Growth (YoY)2.92%3.86%2.29%1.29%-2.36%-529 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.12%0.02%0.00%0.00%-1 bps
Allowance / Loans1.39%1.35%1.42%1.41%1.40%+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 Capital18.54%19.30%19.99%19.29%19.11%+57 bps
Equity / Assets10.21%10.68%10.90%10.15%10.42%+21 bps
Liquidity & Funding
Loans / Deposits61.75%63.23%62.57%60.50%61.44%-31 bps
Liquid Assets / Assets31.38%31.91%38.42%35.37%32.65%+127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a