PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $1.0MQ3 2011Q2 2013
Deposit mix
83%Interest-bearing $30.1M17%Noninterest $6.1MQ3 2011Q2 2013

Executive Summary

  • Earnings: ROA of 0.69%, up 29 bps year over year; NIM at 2.10%.
  • 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.

Return on Assets (quarter, annualized)

0.69%+29 bps YoY

Net Interest Margin (quarter, annualized)

2.10%-53 bps YoY

Efficiency Ratio (quarter, annualized)

73.84%-1,821 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.45%Q2 ’112.86%Q2 ’122.26%Q2 ’13-15%-20%

Non-interest income vs. expense

4.04%Q2 ’113.81%Q2 ’122.66%Q2 ’13+16%-50%

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets0.64%1.01%10.33%0.40%0.51%1.36%10.30%0.69%+29 bps
Return on Equity7.79%12.22%4.20%4.98%6.23%17.67%4.23%9.66%+467 bps
Net Interest Margin3.15%2.81%2.55%2.63%2.81%2.40%1.87%2.10%-53 bps
Efficiency Ratio82.10%93.77%89.49%92.05%83.17%76.97%93.13%73.84%-1,821 bps
Non-Interest Burden2.30%2.55%2.13%2.30%2.05%1.34%1.65%1.16%-114 bps
Growth
Asset Growth (YoY)13.72%4.08%5.56%4.98%9.86%15.88%15.76%6.01%+103 bps
Loan Growth (YoY)-5.10%1.25%-6.04%-1.52%-1.68%-1.42%-5.67%-5.72%-420 bps
Deposit Growth (YoY)14.49%3.00%4.85%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.05%0.03%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.24%1.18%1.38%1.32%1.33%1.26%1.55%1.47%+14 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 Capital13.27%13.08%13.96%13.68%13.68%13.40%14.63%13.22%-45 bps
Equity / Assets8.52%7.99%7.76%8.16%8.21%7.27%7.08%7.13%-103 bps
Liquidity & Funding
Loans / Deposits48.91%47.84%41.11%44.39%43.65%40.37%33.24%38.82%-557 bps
Liquid Assets / Assets8.37%9.10%9.07%8.27%8.00%9.13%10.13%10.97%+271 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a