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Exchange Bank of Fairfax

Fairfax, MO · Cert 8563

FDIC

Q3 2010

$15.4MAssets
$3.3MLoans
$12.9MDeposits
$2.4MEquity
Loan mix
77%RE $1.0M22%C&I $0.3M0%Consumer $0.0MQ3 2009Q3 2010
Deposit mix
71%Interest-bearing $9.3M29%Noninterest $3.7MQ3 2009Q3 2010

NIM

5.17%Q3 ’083.76%Q3 ’092.67%Q3 ’10-21%-33%

Non-interest income vs. expense

2.82%Q3 ’082.27%Q3 ’091.75%Q3 ’10-23%-22%

Executive Summary

  • Earnings: ROA of 0.65%, up 213 bps year over year; NIM at 2.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.44%.
  • Funding: loans stand at 25.60% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.65%+213 bps YoY

Net Interest Margin (YTD, annualized)

2.22%-107 bps YoY

Efficiency Ratio (YTD, annualized)

73.43%+908 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-1.48%-0.40%0.82%0.79%0.65%+213 bps
Return on Equity-8.33%-2.31%4.98%4.83%4.00%+1,233 bps
Net Interest Margin3.29%3.21%2.18%2.20%2.22%-107 bps
Efficiency Ratio64.36%61.69%66.29%67.23%73.43%+908 bps
Non-Interest Burden2.03%1.89%1.39%1.42%1.58%-45 bps
Growth
Asset Growth (YoY)-5.30%0.46%-3.00%-4.86%8.03%+1,333 bps
Loan Growth (YoY)-22.37%-16.43%-16.65%-16.99%-10.14%+1,223 bps
Deposit Growth (YoY)-3.99%2.61%-1.44%-3.35%10.78%+1,477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans14.82%11.65%0.00%-0.49%-0.44%-1,526 bps
Allowance / Loans2.17%2.27%2.65%2.67%2.75%+58 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 Capital42.72%42.28%41.08%39.99%37.30%-543 bps
Equity / Assets17.44%16.27%16.63%16.18%15.50%-194 bps
Liquidity & Funding
Loans / Deposits31.56%28.67%24.94%26.89%25.60%-596 bps
Liquid Assets / Assets61.92%62.20%63.08%63.32%62.83%+91 bps
CRE / Total Capitaln/an/an/an/an/an/an/a