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First Farmers & Merchants National Bank

Le Sueur, MN · Cert 8855

FDIC

Q2 2013

$111.6MAssets
$76.7MLoans
$92.3MDeposits
$14.1MEquity
Loan mix
79%RE $44.5M18%C&I $10.1M4%Consumer $2.1MQ2 2012Q2 2013
Deposit mix
84%Interest-bearing $77.9M16%Noninterest $14.5MQ2 2012Q2 2013

NIM

4.46%Q2 ’114.40%Q2 ’124.24%Q2 ’13+5%-1%

Non-interest income vs. expense

2.94%Q2 ’113.03%Q2 ’123.13%Q2 ’13-24%+1%

Executive Summary

  • Earnings: ROA of 0.16%, down 142 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.45%.
  • Funding: loans stand at 83.06% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.16%-142 bps YoY

Net Interest Margin (YTD, annualized)

3.81%-4 bps YoY

Efficiency Ratio (YTD, annualized)

67.17%+147 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.58%1.53%1.47%-1.06%0.16%-142 bps
Return on Equity12.30%11.80%11.50%-8.33%1.22%-1,108 bps
Net Interest Margin3.85%3.81%3.71%3.86%3.81%-4 bps
Efficiency Ratio65.70%65.93%66.45%67.37%67.17%+147 bps
Non-Interest Burden2.26%2.26%2.22%2.27%2.28%+1 bps
Growth
Asset Growth (YoY)2.47%2.37%9.03%0.43%1.92%-55 bps
Loan Growth (YoY)4.27%1.98%5.20%1.27%4.31%+4 bps
Deposit Growth (YoY)-1.82%0.72%9.89%3.37%0.88%+271 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%0.38%0.27%4.82%2.45%+249 bps
Allowance / Loans1.70%1.46%1.46%1.28%1.12%-57 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 Capital13.91%14.42%14.47%14.10%13.84%-7 bps
Equity / Assets12.86%13.26%12.41%13.08%12.68%-18 bps
Liquidity & Funding
Loans / Deposits80.34%77.33%72.03%77.97%83.06%+273 bps
Liquid Assets / Assets3.66%3.76%9.37%7.09%5.99%+233 bps
CRE / Total Capitaln/an/an/an/an/an/an/a