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Farmers Bank of Maryland

Annapolis, MD · Cert 4821

FDIC

Q3 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2003, the quarter ended September 30, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers Bank of Maryland

Annapolis, MD · Cert 4821

FDIC

Q3 2003

$1.6BAssets
$780.7MLoans
$1.2BDeposits
$359.6MEquity
Loan mix
74%RE $163.2M24%C&I $53.4M1%Consumer $2.8MQ3 2002Q3 2003
Deposit mix
90%Interest-bearing $1.0B10%Noninterest $0.1BQ3 2002Q3 2003

NIM

6.55%Q3 ’016.01%Q3 ’023.90%Q3 ’03+6%-30%

Non-interest income vs. expense

2.91%Q3 ’012.84%Q3 ’022.29%Q3 ’03-7%-20%

Executive Summary

  • Earnings: ROA of 1.28%, down 49 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 67.22% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

1.28%-49 bps YoY

Net Interest Margin (YTD, annualized)

3.32%-144 bps YoY

Efficiency Ratio (YTD, annualized)

53.34%+397 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.77%1.77%1.63%1.59%1.28%-49 bps
Return on Equity25.29%25.81%25.68%24.68%11.80%-1,348 bps
Net Interest Margin4.77%4.63%4.40%4.28%3.32%-144 bps
Efficiency Ratio49.37%49.22%50.12%50.38%53.34%+397 bps
Non-Interest Burden1.93%1.86%1.79%1.75%1.54%-39 bps
Growth
Asset Growth (YoY)8.38%4.75%9.50%10.36%23.60%+1,522 bps
Loan Growth (YoY)-2.35%-0.91%0.98%-1.95%-0.94%+141 bps
Deposit Growth (YoY)9.60%9.09%9.34%9.75%5.57%-403 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.02%0.00%0.00%0.00%+3 bps
Allowance / Loans1.11%1.11%1.11%1.11%1.11%0 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 Capital12.12%10.35%11.12%11.74%11.75%-37 bps
Equity / Assets7.53%6.26%6.44%6.61%22.09%+1,455 bps
Liquidity & Funding
Loans / Deposits71.64%69.99%66.87%65.15%67.22%-442 bps
Liquid Assets / Assets22.37%22.78%26.70%32.54%0.00%-2,237 bps
CRE / Total Capitaln/an/an/an/an/an/an/a