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Farmers & Merchants State Bank of Wayne

Wayne, NE · Cert 33235

FDIC

Q2 2010

$41.4MAssets
$30.7MLoans
$31.9MDeposits
$3.8MEquity
Deposit mix
89%Interest-bearing $28.5M11%Noninterest $3.4MQ2 2009Q2 2010

NIM

6.15%Q2 ’085.48%Q2 ’094.88%Q2 ’10+2%-5%

Non-interest income vs. expense

2.12%Q2 ’082.54%Q2 ’092.88%Q2 ’10+21%+14%

Executive Summary

  • Earnings: ROA of 0.60%, down 44 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.41% of deposits as of Q2 2010.

Financial Results

Return on Assets (quarter, annualized)

0.60%-44 bps YoY

Net Interest Margin (quarter, annualized)

3.60%-17 bps YoY

Efficiency Ratio (quarter, annualized)

74.68%+1,129 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2009Q3 2009Q4 2009Q1 2010Q2 2010YoY ΔTrend
Earnings
Return on Assets1.05%1.09%0.98%1.45%0.60%-44 bps
Return on Equity11.94%12.25%10.56%15.67%6.54%-540 bps
Net Interest Margin3.77%3.61%3.71%3.61%3.60%-17 bps
Efficiency Ratio63.38%56.25%63.45%53.83%74.68%+1,129 bps
Non-Interest Burden2.31%1.89%2.25%1.83%2.62%+32 bps
Growth
Asset Growth (YoY)-4.13%4.09%4.70%3.56%2.81%+694 bps
Loan Growth (YoY)-6.78%-3.62%-7.95%-5.61%3.31%+1,009 bps
Deposit Growth (YoY)-5.03%4.67%5.11%-1.69%-7.92%-289 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.27%1.57%1.77%1.77%1.75%+48 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 Capital11.93%13.17%13.69%13.56%13.05%+112 bps
Equity / Assets8.53%9.21%9.28%9.24%9.25%+71 bps
Liquidity & Funding
Loans / Deposits85.93%84.23%80.51%87.01%96.41%+1,048 bps
Liquid Assets / Assets0.42%0.30%0.39%0.97%1.03%+61 bps
CRE / Total Capitaln/an/an/an/an/an/an/a