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Farmers and Merchants Bank, The

Prairie Grove, AR · Cert 8736

FDIC

Q3 2001

$118.0MAssets
$81.1MLoans
$105.9MDeposits
$8.7MEquity
Loan mix
87%RE $46.9M11%C&I $5.8M2%Consumer $0.9MQ3 2000Q3 2001
Deposit mix
90%Interest-bearing $95.3M10%Noninterest $10.6MQ3 2000Q3 2001

NIM

7.93%Q1 ’017.65%Q2 ’017.37%Q3 ’01+4%+3%

Non-interest income vs. expense

3.38%Q1 ’013.35%Q2 ’013.82%Q3 ’01-56%+132%

Executive Summary

  • Earnings: ROA of 1.46%, up 13 bps year over year; NIM at 4.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 76.63% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.46%+13 bps YoY

Net Interest Margin (quarter, annualized)

4.15%

Efficiency Ratio (quarter, annualized)

63.28%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.33%1.31%1.36%2.07%1.46%+13 bps
Return on Equityn/an/an/a29.48%20.10%n/a
Net Interest Marginn/an/a3.89%4.04%4.15%n/a
Efficiency Ration/an/a62.74%51.13%63.28%n/a
Non-Interest Burdenn/an/a1.88%0.83%1.93%n/a
Growth
Asset Growth (YoY)3.39%5.88%7.68%7.77%5.41%+202 bps
Loan Growth (YoY)9.25%8.26%11.47%11.13%6.23%-303 bps
Deposit Growth (YoY)3.98%6.19%7.81%7.65%5.59%+161 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.08%0.11%0.21%n/a
Allowance / Loansn/an/a1.23%1.19%1.17%n/a
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 Capitaln/an/a12.31%12.55%12.60%n/a
Equity / Assetsn/an/a6.85%7.18%7.34%n/a
Liquidity & Funding
Loans / Deposits76.17%75.00%74.20%76.48%76.63%+46 bps
Liquid Assets / Assets0.00%0.00%0.05%0.05%0.04%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a