Farmers National Bank

Opelika, AL · Cert 2820

FDIC

Q3 2001

$194.8MAssets

$110.2MLoans

$173.7MDeposits

$18.2MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -0.26%, down 77 bps year over year; NIM at 3.43%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.13%.
Funding: loans stand at 63.41% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

-0.26%-77 bps YoY

Net Interest Margin (YTD, annualized)

3.43%

Efficiency Ratio (YTD, annualized)

91.54%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	-1.50%	0.59%	0.56%	0.51%	0.55%	0.47%	-0.39%	-0.26%	-77 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.57%	3.46%	3.43%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	86.42%	88.07%	91.54%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.94%	2.91%	3.04%	n/a
Growth
Asset Growth (YoY)	-15.64%	-13.25%	-13.55%	-12.68%	-4.26%	-1.56%	-2.57%	-1.42%	+1,126 bps
Loan Growth (YoY)	-31.83%	-23.81%	-12.54%	-6.86%	-0.07%	8.22%	-0.66%	-1.25%	+561 bps
Deposit Growth (YoY)	-11.60%	-9.35%	-11.03%	-10.54%	-6.04%	-3.01%	-3.58%	-2.15%	+839 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.29%	3.24%	2.13%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	4.80%	4.60%	5.03%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	12.99%	12.77%	13.31%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	9.14%	9.01%	9.33%	n/a
Liquidity & Funding
Loans / Deposits	61.40%	61.31%	64.35%	62.83%	65.30%	68.41%	66.29%	63.41%	+58 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.53%	0.56%	0.20%	+20 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a