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Farmers and Merchants Bank of Hill City

Hill City, KS · Cert 27178

FDIC

Q2 2013

$43.0MAssets
$26.9MLoans
$37.1MDeposits
$4.7MEquity
Loan mix
71%RE $12.0M22%C&I $3.7M7%Consumer $1.2MQ2 2012Q2 2013
Deposit mix
85%Interest-bearing $31.4M15%Noninterest $5.7MQ2 2012Q2 2013

NIM

4.07%Q2 ’113.88%Q2 ’123.56%Q2 ’13-3%-7%

Non-interest income vs. expense

3.26%Q2 ’112.89%Q2 ’122.70%Q2 ’13-10%-6%

Executive Summary

  • Earnings: ROA of 0.40%, down 14 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 72.53% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

0.40%-14 bps YoY

Net Interest Margin (quarter, annualized)

3.12%-25 bps YoY

Efficiency Ratio (quarter, annualized)

76.36%+79 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.54%0.96%0.85%0.56%0.40%-14 bps
Return on Equity4.90%8.44%7.60%5.04%3.59%-131 bps
Net Interest Margin3.37%3.32%3.41%3.06%3.12%-25 bps
Efficiency Ratio75.57%65.74%71.04%75.07%76.36%+79 bps
Non-Interest Burden2.52%2.11%2.39%2.29%2.37%-15 bps
Growth
Asset Growth (YoY)7.03%8.34%5.19%2.28%2.34%-469 bps
Loan Growth (YoY)-0.24%4.15%3.86%4.33%6.34%+658 bps
Deposit Growth (YoY)7.69%9.01%5.40%1.81%-0.01%-770 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.08%-0.01%-0.02%-0.01%+2 bps
Allowance / Loans1.95%1.98%1.99%2.25%2.16%+21 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 Capital17.35%17.85%17.49%18.95%17.92%+56 bps
Equity / Assets11.25%11.41%11.01%11.29%10.99%-26 bps
Liquidity & Funding
Loans / Deposits68.20%69.73%69.36%65.24%72.53%+433 bps
Liquid Assets / Assets10.27%14.16%9.88%10.28%9.85%-42 bps
CRE / Total Capitaln/an/an/an/an/an/an/a