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Family Merchants Bank

Cedar Rapids, IA · Cert 58028

FDIC

Q4 2008

$37.3MAssets
$22.1MLoans
$24.1MDeposits
$5.8MEquity
Deposit mix
95%Interest-bearing $22.8M5%Noninterest $1.3MQ4 2007Q4 2008

NIM

5.77%Q4 ’066.65%Q4 ’075.42%Q4 ’08-9%-13%

Non-interest income vs. expense

3.51%Q4 ’064.62%Q4 ’073.94%Q4 ’08+36%-15%

Executive Summary

  • Earnings: ROA of -2.17%, up 102 bps year over year; NIM at 2.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 91.62% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-2.17%+102 bps YoY

Net Interest Margin (YTD, annualized)

2.02%-31 bps YoY

Efficiency Ratio (YTD, annualized)

173.80%-355 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-3.19%-2.37%-1.61%-1.43%-2.17%+102 bps
Return on Equity-34.54%-19.80%-12.19%-10.15%-15.12%+1,942 bps
Net Interest Margin2.33%1.98%2.06%2.07%2.02%-31 bps
Efficiency Ratio177.35%180.30%157.55%146.89%173.80%-355 bps
Non-Interest Burden4.34%3.75%3.40%3.16%3.69%-65 bps
Growth
Asset Growth (YoY)-15.92%4.04%-6.80%0.62%5.46%+2,139 bps
Loan Growth (YoY)-14.43%-3.04%8.79%4.63%-7.16%+728 bps
Deposit Growth (YoY)-21.87%1.82%-14.66%-4.40%2.57%+2,443 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.42%1.08%0.49%1.07%0.99%-43 bps
Allowance / Loans2.38%2.19%2.09%1.86%2.50%+12 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 Capital11.99%11.59%11.23%12.08%11.75%-25 bps
Equity / Assets8.78%14.69%15.75%16.69%15.50%+672 bps
Liquidity & Funding
Loans / Deposits101.22%94.96%110.55%103.88%91.62%-960 bps
Liquid Assets / Assets0.29%3.35%0.32%0.13%0.22%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a