PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Farmers National Bank of Winfield, The

Mount Pleasant, IA · Cert 4522

FDIC

Q2 2004

$20.5MAssets
$8.4MLoans
$18.6MDeposits
$1.9MEquity
Deposit mix
87%Interest-bearing $16.1M13%Noninterest $2.5MQ2 2003Q2 2004

NIM

6.62%Q2 ’025.18%Q2 ’034.62%Q2 ’04-9%+7%

Non-interest income vs. expense

3.68%Q2 ’023.51%Q2 ’034.23%Q2 ’04-6%+24%

Executive Summary

  • Earnings: ROA of -0.35%, down 68 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 45.29% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.35%-68 bps YoY

Net Interest Margin (quarter, annualized)

3.19%+21 bps YoY

Efficiency Ratio (quarter, annualized)

112.89%+1,339 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.34%0.04%0.58%0.15%-0.35%-68 bps
Return on Equity4.29%0.45%6.57%1.71%-3.85%-814 bps
Net Interest Margin2.98%3.27%3.49%3.27%3.19%+21 bps
Efficiency Ratio99.50%102.33%84.51%96.41%112.89%+1,339 bps
Non-Interest Burden2.96%3.36%2.85%3.13%3.67%+71 bps
Growth
Asset Growth (YoY)-14.63%-17.64%-16.17%-9.94%-7.08%+755 bps
Loan Growth (YoY)-35.31%-39.56%-32.41%-21.33%-21.66%+1,365 bps
Deposit Growth (YoY)-14.27%-15.17%-13.90%-7.44%-4.82%+945 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.07%-0.37%-0.17%-0.05%-0.09%-2 bps
Allowance / Loans1.86%2.07%2.23%2.28%2.40%+54 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 Capital21.85%23.58%26.91%26.60%27.39%+554 bps
Equity / Assets8.07%8.70%9.00%9.03%9.06%+99 bps
Liquidity & Funding
Loans / Deposits55.03%51.92%48.74%46.90%45.29%-974 bps
Liquid Assets / Assets43.08%45.74%48.55%49.79%48.00%+492 bps
CRE / Total Capitaln/an/an/an/an/an/an/a