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Farmers State Bank

Lumpkin, GA · Cert 5691

FDIC · 3 branches

Q3 2015

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 2015, the quarter ended September 30, 2015, 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 State Bank

Lumpkin, GA · Cert 5691

FDIC · 3 branches

Q3 2015

$44.7MAssets
$16.1MLoans
$42.9MDeposits
$1.8MEquity
Loan mix
65%RE $9.0M17%C&I $2.4M17%Consumer $2.4MQ3 2014Q3 2015
Deposit mix
74%Interest-bearing $31.9M26%Noninterest $11.0MQ3 2014Q3 2015

NIM

4.19%Q3 ’133.70%Q3 ’143.33%Q3 ’15-11%-10%

Non-interest income vs. expense

3.97%Q3 ’134.16%Q3 ’143.72%Q3 ’15+27%-12%

Executive Summary

  • Earnings: ROA of -1.58%, down 84 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 3.20%.
  • Funding: loans stand at 37.46% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

-1.58%-84 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-32 bps YoY

Efficiency Ratio (YTD, annualized)

109.73%-198 bps YoY

Tier 1 Leverage Ratio

3.20%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets-0.74%-0.67%-0.23%-0.30%-1.58%-84 bps
Return on Equity-20.20%-17.93%-5.14%-7.22%-38.17%-1,797 bps
Net Interest Margin3.24%3.19%2.87%2.85%2.93%-32 bps
Efficiency Ratio111.71%109.73%106.37%104.21%109.73%-198 bps
Non-Interest Burden3.68%3.54%3.07%2.96%3.23%-45 bps
Growth
Asset Growth (YoY)2.51%5.06%6.84%5.79%3.06%+55 bps
Loan Growth (YoY)-6.86%-8.34%-4.20%2.14%-1.94%+492 bps
Deposit Growth (YoY)4.95%3.95%5.53%5.87%3.43%-151 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.94%0.66%-0.08%-0.11%0.00%-94 bps
Allowance / Loans2.25%2.70%2.66%2.63%2.58%+33 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a4.27%4.01%3.20%n/a
Total Risk-Based Capital9.21%10.13%11.34%10.93%8.78%-43 bps
Equity / Assets4.20%4.09%4.69%3.83%3.96%-24 bps
Liquidity & Funding
Loans / Deposits39.51%33.98%33.99%34.57%37.46%-205 bps
Liquid Assets / Assets10.26%22.63%22.82%26.25%15.29%+503 bps
CRE / Total Capitaln/an/an/an/an/an/an/a