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Farmers Bank of Gower, The

Gower, MO · Cert 8262

FDIC

Q2 2009

$45.6MAssets
$21.3MLoans
$33.9MDeposits
$6.7MEquity
Deposit mix
88%Interest-bearing $29.9M12%Noninterest $4.0MQ2 2008Q2 2009

NIM

6.01%Q2 ’075.29%Q2 ’084.85%Q2 ’09-14%+21%

Non-interest income vs. expense

2.19%Q2 ’071.73%Q2 ’081.85%Q2 ’09-20%+21%

Executive Summary

  • Earnings: ROA of 1.17%, up 19 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 62.91% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

1.17%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+53 bps YoY

Efficiency Ratio (quarter, annualized)

36.75%-2,575 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.98%1.34%-2.58%1.08%1.17%+19 bps
Return on Equity10.74%14.65%-21.10%7.18%7.88%-286 bps
Net Interest Margin2.50%2.89%-6.19%2.75%3.03%+53 bps
Efficiency Ratio62.50%54.52%59.17%60.19%36.75%-2,575 bps
Non-Interest Burden1.48%1.52%-3.40%1.59%1.79%+31 bps
Growth
Asset Growth (YoY)10.01%8.77%6.88%6.32%11.71%+170 bps
Loan Growth (YoY)-1.12%4.75%3.77%22.34%5.70%+681 bps
Deposit Growth (YoY)8.51%7.27%-1.09%0.28%5.63%-288 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.47%1.46%1.46%1.33%1.53%+6 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 Capital14.05%13.83%13.08%11.91%12.82%-123 bps
Equity / Assets9.00%9.31%15.02%15.00%14.74%+574 bps
Liquidity & Funding
Loans / Deposits62.87%65.65%69.68%72.71%62.91%+4 bps
Liquid Assets / Assets0.02%0.02%0.02%0.02%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a