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Farmers National Bank of Seymour, The

Seymour, TX · Cert 5526

FDIC

Q3 2010

$60.0MAssets
$52.2MLoans
$53.2MDeposits
$6.7MEquity
Deposit mix
80%Interest-bearing $42.6M20%Noninterest $10.6MQ3 2009Q3 2010

NIM

5.87%Q3 ’085.40%Q3 ’094.78%Q3 ’10+3%-12%

Non-interest income vs. expense

2.39%Q3 ’082.96%Q3 ’093.22%Q3 ’10+24%+5%

Executive Summary

  • Earnings: ROA of 1.37%, down 113 bps year over year; NIM at 4.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.86%.
  • Funding: loans stand at 98.20% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.37%-113 bps YoY

Net Interest Margin (quarter, annualized)

4.03%-54 bps YoY

Efficiency Ratio (quarter, annualized)

63.47%+904 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.51%1.75%2.36%1.91%1.37%-113 bps
Return on Equity21.55%15.40%21.88%17.26%12.32%-923 bps
Net Interest Margin4.57%4.47%4.46%4.01%4.03%-54 bps
Efficiency Ratio54.42%50.80%55.78%61.59%63.47%+904 bps
Non-Interest Burden2.09%1.82%2.12%2.11%2.18%+10 bps
Growth
Asset Growth (YoY)-11.83%-4.91%-3.07%-2.95%3.97%+1,580 bps
Loan Growth (YoY)-9.82%-6.64%-3.05%-8.62%-3.00%+682 bps
Deposit Growth (YoY)-13.86%-4.85%-3.04%-2.95%5.24%+1,910 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%1.42%0.01%-0.02%0.86%+87 bps
Allowance / Loans1.14%1.01%0.99%1.09%0.99%-15 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 Capital14.16%12.50%13.10%13.93%14.04%-12 bps
Equity / Assets12.25%10.52%11.09%11.07%11.20%-105 bps
Liquidity & Funding
Loans / Deposits106.54%103.48%106.01%98.24%98.20%-834 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a