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Farmers State Bank of Nebraska

Bennet, NE · Cert 34053

FDIC

Q2 2012

$62.3MAssets
$37.4MLoans
$54.7MDeposits
$4.2MEquity
Loan mix
39%RE $13.2M48%C&I $16.2M12%Consumer $4.1MQ2 2011Q2 2012
Deposit mix
86%Interest-bearing $47.3M14%Noninterest $7.4MQ2 2011Q2 2012

NIM

4.97%Q2 ’104.58%Q2 ’114.32%Q2 ’12-2%-1%

Non-interest income vs. expense

3.77%Q2 ’103.53%Q2 ’113.76%Q2 ’12-7%+6%

Executive Summary

  • Earnings: ROA of 0.80%, down 24 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 68.44% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

0.80%-24 bps YoY

Net Interest Margin (quarter, annualized)

3.67%-4 bps YoY

Efficiency Ratio (quarter, annualized)

81.75%+436 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets1.04%0.87%1.61%1.33%0.80%-24 bps
Return on Equity16.71%13.47%25.23%20.77%12.04%-467 bps
Net Interest Margin3.71%3.90%3.96%3.67%3.67%-4 bps
Efficiency Ratio77.40%81.55%69.02%69.28%81.75%+436 bps
Non-Interest Burden2.68%3.01%2.28%2.20%2.83%+15 bps
Growth
Asset Growth (YoY)8.79%9.08%7.75%12.43%11.34%+255 bps
Loan Growth (YoY)5.47%5.77%6.65%8.93%13.28%+781 bps
Deposit Growth (YoY)10.12%10.62%11.02%14.51%15.08%+496 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.18%0.43%-0.06%-0.01%-6 bps
Allowance / Loans0.95%0.88%0.78%0.80%0.77%-18 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 Capital10.96%10.82%9.76%10.40%10.28%-68 bps
Equity / Assets6.37%6.56%6.24%6.51%6.74%+37 bps
Liquidity & Funding
Loans / Deposits69.53%71.74%69.08%64.02%68.44%-108 bps
Liquid Assets / Assets33.59%31.87%32.17%32.67%31.33%-226 bps
CRE / Total Capitaln/an/an/an/an/an/an/a