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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

6.61%Q4 ’066.15%Q4 ’074.94%Q4 ’08-17%-13%

Non-interest income vs. expense

3.25%Q4 ’063.59%Q4 ’075.51%Q4 ’08+13%+59%

Executive Summary

  • Earnings: ROA of -4.46%, down 103 bps year over year; NIM at 1.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 91.62% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

-4.46%-103 bps YoY

Net Interest Margin (quarter, annualized)

1.84%-28 bps YoY

Efficiency Ratio (quarter, annualized)

264%+11,499 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-3.43%-2.37%-0.81%-1.04%-4.46%-103 bps
Return on Equity-38.05%-19.80%-5.35%-6.44%-27.73%+1,031 bps
Net Interest Margin2.12%1.98%2.15%2.23%1.84%-28 bps
Efficiency Ratio149.07%180.30%136.99%127.31%264%+11,499 bps
Non-Interest Burden3.30%3.75%3.05%2.90%5.26%+196 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 / Loans1.67%1.08%-0.04%2.15%0.29%-138 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