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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 $10.6MQ4 2008Q3 2010

Executive Summary

  • Earnings: ROA of 1.88%, down 37 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 98.20% of deposits as of Q3 2010.

Return on Assets (YTD, annualized)

1.88%-37 bps YoY

Net Interest Margin (YTD, annualized)

4.23%-27 bps YoY

Efficiency Ratio (YTD, annualized)

60.17%+362 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.31%Q3 ’085.42%Q3 ’095.01%Q3 ’10-1%-6%

Non-interest income vs. expense

2.45%Q3 ’082.98%Q3 ’093.11%Q3 ’10+32%-2%

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.51%2.28%2.12%2.25%2.12%2.36%2.14%1.88%-37 bps
Return on Equity24.68%21.15%19.50%20.09%19.13%21.88%19.69%17.16%-293 bps
Net Interest Margin4.45%4.18%4.38%4.50%4.47%4.46%4.26%4.23%-27 bps
Efficiency Ratio46.72%54.34%57.66%56.55%55.08%55.78%58.56%60.17%+362 bps
Non-Interest Burden1.68%1.97%2.22%2.20%2.10%2.12%2.13%2.17%-4 bps
Growth
Asset Growth (YoY)-6.33%-4.26%-7.41%-11.83%-4.91%-3.07%-2.95%3.97%+1,580 bps
Loan Growth (YoY)-4.50%-4.41%-1.31%-9.82%-6.64%-3.05%-8.62%-3.00%+682 bps
Deposit Growth (YoY)-6.41%-5.20%-8.58%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.00%0.01%0.00%0.36%0.01%-0.01%0.28%+28 bps
Allowance / Loans1.04%1.06%1.09%1.14%1.01%0.99%1.09%0.99%-15 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 Capital12.19%12.97%12.92%14.16%12.50%13.10%13.93%14.04%-12 bps
Equity / Assets10.50%11.10%11.04%12.25%10.52%11.09%11.07%11.20%-105 bps
Liquidity & Funding
Loans / Deposits105.46%106.03%104.33%106.54%103.48%106.01%98.24%98.20%-834 bps
Liquid Assets / Assets0.00%0.40%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a