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Farmers Bank & Trust Company

Clarksville, AR · Cert 3855

FDIC

Q3 2013

$80.9MAssets
$51.2MLoans
$71.1MDeposits
$9.4MEquity
Loan mix
91%RE $38.6M7%C&I $2.8M3%Consumer $1.2MQ3 2012Q3 2013
Deposit mix
82%Interest-bearing $58.2M18%Noninterest $12.9MQ3 2012Q3 2013

NIM

4.34%Q3 ’114.13%Q3 ’123.53%Q3 ’13+4%-9%

Non-interest income vs. expense

4.06%Q3 ’114.03%Q3 ’124.04%Q3 ’13-23%+8%

Executive Summary

  • Earnings: ROA of -1.23%, down 132 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.92%.
  • Funding: loans stand at 71.98% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

-1.23%-132 bps YoY

Net Interest Margin (YTD, annualized)

3.14%-32 bps YoY

Efficiency Ratio (YTD, annualized)

110.12%+1,509 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.09%1-0.07%-1.90%-1.70%-1.23%-132 bps
Return on Equity0.83%-0.64%-16.42%-14.87%-10.69%-1,152 bps
Net Interest Margin3.46%3.53%3.10%3.16%3.14%-32 bps
Efficiency Ratio95.03%95.35%123.42%114.12%110.12%+1,509 bps
Non-Interest Burden3.24%3.33%3.90%3.66%3.51%+26 bps
Growth
Asset Growth (YoY)-8.06%-9.93%-6.58%-5.99%-9.01%-95 bps
Loan Growth (YoY)-8.58%-8.08%-10.65%-10.13%-16.99%-841 bps
Deposit Growth (YoY)-5.07%-11.06%-6.64%-5.57%-8.95%-388 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.22%4.54%2.42%1.92%+175 bps
Allowance / Loans3.19%3.46%2.93%3.54%3.69%+50 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 Capital18.04%18.36%17.29%17.41%18.43%+39 bps
Equity / Assets11.67%11.86%11.32%11.05%11.66%-2 bps
Liquidity & Funding
Loans / Deposits78.96%79.61%74.60%72.15%71.98%-698 bps
Liquid Assets / Assets1.21%1.20%1.16%2.05%2.16%+95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a