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Farmers National Bank of Lincoln, The

Lincoln, KS · Cert 4719

FDIC

Q4 2003

$21.2MAssets
$15.6MLoans
$18.1MDeposits
$1.5MEquity
Deposit mix
90%Interest-bearing $16.3M10%Noninterest $1.8MQ4 2002Q4 2003

NIM

7.30%Q4 ’016.48%Q4 ’025.84%Q4 ’03+0%+0%

Non-interest income vs. expense

3.94%Q4 ’014.35%Q4 ’024.31%Q4 ’03+11%-1%

Executive Summary

  • Earnings: ROA of 0.21%, up 23 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 86.21% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.21%+23 bps YoY

Net Interest Margin (quarter, annualized)

4.10%+2 bps YoY

Efficiency Ratio (quarter, annualized)

96.09%-119 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-0.02%1.36%1.45%1.60%0.21%+23 bps
Return on Equity-0.28%18.62%19.48%20.96%2.85%+313 bps
Net Interest Margin4.08%3.90%3.97%4.09%4.10%+2 bps
Efficiency Ratio97.27%68.20%63.59%63.48%96.09%-119 bps
Non-Interest Burden3.96%2.52%2.40%2.45%3.92%-4 bps
Growth
Asset Growth (YoY)10.11%12.97%6.67%1.59%6.47%-364 bps
Loan Growth (YoY)11.33%13.27%5.92%5.77%7.97%-336 bps
Deposit Growth (YoY)7.93%11.06%4.17%1.37%7.16%-77 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%-0.11%-0.24%-0.24%-0.03%-28 bps
Allowance / Loans1.27%1.31%1.33%1.36%1.32%+5 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 Capital12.35%12.96%12.89%13.55%12.97%+62 bps
Equity / Assets7.17%7.44%7.49%7.81%7.24%+6 bps
Liquidity & Funding
Loans / Deposits85.56%84.02%87.13%90.22%86.21%+65 bps
Liquid Assets / Assets15.93%19.99%17.96%15.94%12.01%-392 bps
CRE / Total Capitaln/an/an/an/an/an/an/a