PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Farmers & Mechanics National Bank

Frederick, MD · Cert 4842

FDIC

Q2 2007

$2.0BAssets
$1.2BLoans
$1.4BDeposits
$448.8MEquity
Loan mix
77%RE $657.3M22%C&I $190.6M0%Consumer $3.1MQ3 2005Q2 2007
Deposit mix
80%Interest-bearing $1.1B20%Noninterest $0.3BQ3 2005Q2 2007

Executive Summary

  • Earnings: ROA of 1.57%, up 46 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 87.01% of deposits as of Q2 2007.

Return on Assets (quarter, annualized)

1.57%+46 bps YoY

Net Interest Margin (quarter, annualized)

3.33%+6 bps YoY

Efficiency Ratio (quarter, annualized)

51.34%-689 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.89%Q2 ’054.77%Q2 ’065.27%Q2 ’07-12%+2%

Non-interest income vs. expense

3.02%Q2 ’052.83%Q2 ’062.45%Q2 ’07+58%-35%

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.24%1.21%1.24%1.11%1.22%1.24%1.35%1.57%+46 bps
Return on Equity5.61%5.45%5.58%5.04%5.45%5.51%6.07%7.10%+206 bps
Net Interest Margin3.23%3.35%3.27%3.26%3.25%3.26%3.23%3.33%+6 bps
Efficiency Ratio52.75%54.06%59.78%58.24%56.18%57.58%57.92%51.34%-689 bps
Non-Interest Burden1.31%1.40%1.51%1.54%1.35%1.47%1.25%1.00%-54 bps
Growth
Asset Growth (YoY)18.11%19.09%17.81%-0.53%-1.06%0.11%0.92%1.61%+214 bps
Loan Growth (YoY)25.67%30.74%27.89%3.42%5.01%4.30%5.31%2.91%-51 bps
Deposit Growth (YoY)23.57%23.48%22.63%0.92%-1.10%0.14%0.35%0.72%-19 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.02%0.04%-0.02%0.11%0.05%0.09%0.06%+8 bps
Allowance / Loans1.12%1.08%0.99%0.98%0.94%0.92%0.86%0.80%-19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.79%16.81%16.82%16.79%16.75%16.71%15.68%15.93%-85 bps
Equity / Assets22.18%22.31%22.06%22.08%22.53%22.48%22.11%22.18%+9 bps
Liquidity & Funding
Loans / Deposits82.67%84.53%83.71%85.16%87.78%88.04%87.84%87.01%+185 bps
Liquid Assets / Assets0.42%0.46%0.59%0.76%0.47%0.41%2.91%1.16%+40 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a