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Farmers National Bank of Cynthiana, The

Cynthiana, KY · Cert 2689

FDIC

Q1 2013

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2013, the quarter ended March 31, 2013, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers National Bank of Cynthiana, The

Cynthiana, KY · Cert 2689

FDIC

Q1 2013

$79.2MAssets
$33.8MLoans
$68.2MDeposits
$9.2MEquity
Loan mix
93%RE $23.3M4%C&I $1.1M3%Consumer $0.8MQ1 2012Q1 2013
Deposit mix
77%Interest-bearing $52.8M23%Noninterest $15.4MQ1 2012Q1 2013

NIM

3.54%Q1 ’113.29%Q1 ’122.94%Q1 ’13-2%+9%

Non-interest income vs. expense

3.27%Q1 ’114.19%Q1 ’123.58%Q1 ’13+35%-25%

Executive Summary

  • Earnings: ROA of -0.39%, up 457 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.82%.
  • Funding: loans stand at 49.61% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.39%+457 bps YoY

Net Interest Margin (YTD, annualized)

2.45%+20 bps YoY

Efficiency Ratio (YTD, annualized)

112.24%-4,582 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-4.95%-3.68%-3.10%-3.84%-0.39%+457 bps
Return on Equity-43.34%-31.78%-26.27%-32.59%-3.32%+4,001 bps
Net Interest Margin2.25%2.16%2.42%0.55%2.45%+20 bps
Efficiency Ratio158.06%139.82%142.01%412%112.24%-4,582 bps
Non-Interest Burden3.79%3.21%3.64%3.88%2.84%-95 bps
Growth
Asset Growth (YoY)-8.67%-6.17%-13.83%-24.17%-25.99%-1,732 bps
Loan Growth (YoY)-15.01%-17.36%-15.63%-19.44%-22.89%-788 bps
Deposit Growth (YoY)4.95%5.50%-11.91%-15.22%-18.75%-2,370 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.02%4.83%3.98%3.45%1.82%-320 bps
Allowance / Loans8.59%9.07%8.97%9.70%10.25%+166 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 Capital21.57%22.92%22.76%22.68%23.62%+204 bps
Equity / Assets11.28%11.85%12.62%11.75%11.56%+28 bps
Liquidity & Funding
Loans / Deposits52.28%51.71%57.74%53.80%49.61%-267 bps
Liquid Assets / Assets4.96%6.41%4.25%5.14%3.71%-126 bps
CRE / Total Capitaln/an/an/an/an/an/an/a