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F & M Bank, National Association, Oklahoma City, Oklahoma

Yukon, OK · Cert 27421

FDIC

Q3 2011

$80.9MAssets
$50.2MLoans
$72.0MDeposits
$8.0MEquity
Loan mix
77%RE $31.4M15%C&I $6.0M8%Consumer $3.1MQ3 2010Q3 2011
Deposit mix
63%Interest-bearing $45.3M37%Noninterest $26.7MQ3 2010Q3 2011

NIM

4.64%Q3 ’094.05%Q3 ’104.62%Q3 ’11-9%+23%

Non-interest income vs. expense

3.64%Q3 ’093.61%Q3 ’103.52%Q3 ’11+45%-35%

Executive Summary

  • Earnings: ROA of 1.72%, up 228 bps year over year; NIM at 4.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.02%.
  • Funding: loans stand at 69.68% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

1.72%+228 bps YoY

Net Interest Margin (quarter, annualized)

4.30%+82 bps YoY

Efficiency Ratio (quarter, annualized)

67.39%-4,983 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-0.55%0.36%1.35%1.37%1.72%+228 bps
Return on Equity-6.14%3.97%14.49%14.78%17.93%+2,407 bps
Net Interest Margin3.49%3.79%3.66%3.79%4.30%+82 bps
Efficiency Ratio117.22%75.20%71.46%71.25%67.39%-4,983 bps
Non-Interest Burden4.02%2.65%2.35%2.41%2.60%-142 bps
Growth
Asset Growth (YoY)-2.50%-5.53%-7.89%3.35%2.65%+514 bps
Loan Growth (YoY)-12.23%-9.34%-8.23%2.12%2.06%+1,430 bps
Deposit Growth (YoY)-2.71%-6.46%-9.13%-3.37%1.68%+440 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%1.35%-0.04%-0.06%-1.02%-100 bps
Allowance / Loans2.16%2.13%2.21%2.15%2.37%+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 Capital13.78%14.47%14.95%15.22%15.51%+173 bps
Equity / Assets8.95%9.39%9.27%9.33%9.91%+96 bps
Liquidity & Funding
Loans / Deposits69.42%73.00%67.55%71.57%69.68%+26 bps
Liquid Assets / Assets6.74%5.74%5.79%5.14%4.62%-212 bps
CRE / Total Capitaln/an/an/an/an/an/an/a