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Farmers State Bank of Silver Creek

Silver Creek, NE · Cert 8353

FDIC

Q2 2003

$14.6MAssets
$12.3MLoans
$11.6MDeposits
$1.3MEquity
Deposit mix
84%Interest-bearing $9.7M16%Noninterest $1.9MQ2 2002Q2 2003

NIM

8.33%Q2 ’017.75%Q2 ’026.37%Q2 ’03+6%-13%

Non-interest income vs. expense

3.48%Q2 ’013.37%Q2 ’023.48%Q2 ’03+4%+2%

Executive Summary

  • Earnings: ROA of 0.65%, down 61 bps year over year; NIM at 4.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 106.23% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.65%-61 bps YoY

Net Interest Margin (quarter, annualized)

4.66%-70 bps YoY

Efficiency Ratio (quarter, annualized)

67.01%+919 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.26%1.45%1.30%1.31%0.65%-61 bps
Return on Equity14.35%16.51%15.20%15.42%7.20%-715 bps
Net Interest Margin5.35%5.68%5.91%5.47%4.66%-70 bps
Efficiency Ratio57.82%55.70%70.61%54.55%67.01%+919 bps
Non-Interest Burden2.90%2.93%4.01%2.71%2.94%+5 bps
Growth
Asset Growth (YoY)18.95%12.52%3.40%6.37%-2.80%-2,174 bps
Loan Growth (YoY)25.78%20.20%14.17%6.36%-2.90%-2,868 bps
Deposit Growth (YoY)9.44%0.72%2.46%5.83%-4.96%-1,440 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%0.57%0.61%0.00%0.10%+19 bps
Allowance / Loans1.83%1.71%1.61%1.88%2.19%+36 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 Capital12.97%12.89%11.64%12.54%13.36%+39 bps
Equity / Assets8.69%8.82%8.28%8.72%9.22%+53 bps
Liquidity & Funding
Loans / Deposits103.97%113.53%112.19%106.21%106.23%+225 bps
Liquid Assets / Assets5.27%5.01%2.33%2.29%3.08%-219 bps
CRE / Total Capitaln/an/an/an/an/an/an/a