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United Farmers & Merchants State Bank

Morris, MN · Cert 8209

FDIC

Q2 2013

$39.3MAssets
$14.0MLoans
$36.1MDeposits
$2.8MEquity
Loan mix
69%RE $6.7M20%C&I $2.0M10%Consumer $1.0MQ2 2012Q2 2013
Deposit mix
83%Interest-bearing $30.1M17%Noninterest $6.1MQ2 2012Q2 2013

NIM

3.35%Q2 ’112.88%Q2 ’122.26%Q2 ’13-11%-21%

Non-interest income vs. expense

4.08%Q2 ’113.75%Q2 ’122.99%Q2 ’13+1%-34%

Executive Summary

  • Earnings: ROA of 0.49%, up 13 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 38.82% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.49%+13 bps YoY

Net Interest Margin (YTD, annualized)

2.08%-56 bps YoY

Efficiency Ratio (YTD, annualized)

83.45%-732 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.36%0.41%0.66%0.30%0.49%+13 bps
Return on Equity4.57%5.13%8.37%4.23%6.91%+234 bps
Net Interest Margin2.65%2.75%2.50%1.87%2.08%-56 bps
Efficiency Ratio90.77%88.13%85.05%93.13%83.45%-732 bps
Non-Interest Burden2.26%2.24%1.88%1.65%1.49%-77 bps
Growth
Asset Growth (YoY)4.98%9.86%15.88%15.76%6.01%+103 bps
Loan Growth (YoY)-1.52%-1.68%-1.42%-5.67%-5.72%-420 bps
Deposit Growth (YoY)4.60%10.17%16.85%16.66%7.80%+320 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.00%-1 bps
Allowance / Loans1.32%1.33%1.26%1.55%1.47%+14 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 Capital13.68%13.68%13.40%14.63%13.22%-45 bps
Equity / Assets8.16%8.21%7.27%7.08%7.13%-103 bps
Liquidity & Funding
Loans / Deposits44.39%43.65%40.37%33.24%38.82%-557 bps
Liquid Assets / Assets8.27%8.00%9.13%10.13%10.97%+271 bps
CRE / Total Capitaln/an/an/an/an/an/an/a