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Farmers State Bank of Watkins

Watkins, MN · Cert 8864

FDIC · 1 branch

Q1 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2020, the quarter ended March 31, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Farmers State Bank of Watkins

Watkins, MN · Cert 8864

FDIC · 1 branch

Q1 2020

$45.0MAssets
$21.1MLoans
$39.1MDeposits
$5.5MEquity
Loan mix
78%RE $14.8M10%C&I $1.9M12%Consumer $2.3MQ1 2019Q1 2020
Deposit mix
78%Interest-bearing $30.7M22%Noninterest $8.5MQ1 2019Q1 2020

NIM

3.55%Q1 ’183.98%Q1 ’193.73%Q1 ’20+11%-8%

Non-interest income vs. expense

2.56%Q1 ’182.47%Q1 ’194.53%Q1 ’20+5%+118%

Executive Summary

  • Earnings: ROA of -1.15%, down 289 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 1.01% of loans (+40 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.46%, down 146 bps from a year ago.
  • Funding: loans stand at 53.88% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-1.15%-289 bps YoY

Net Interest Margin (YTD, annualized)

3.38%-29 bps YoY

Efficiency Ratio (YTD, annualized)

115.11%+5,794 bps YoY

Tier 1 Leverage Ratio

11.46%-146 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets1.73%1.58%1.63%1.58%-1.15%-289 bps
Return on Equity14.51%12.75%12.76%12.35%-9.12%-2,363 bps
Net Interest Margin3.67%3.65%3.70%3.47%3.38%-29 bps
Efficiency Ratio57.17%61.85%61.29%62.13%115.11%+5,794 bps
Non-Interest Burden1.82%2.02%2.02%1.91%3.98%+215 bps
Growth
Asset Growth (YoY)-0.91%3.04%4.17%7.70%2.70%+361 bps
Loan Growth (YoY)7.68%1.82%0.42%3.75%4.08%-360 bps
Deposit Growth (YoY)-2.15%1.13%1.66%6.25%2.54%+468 bps
Asset Quality
Nonperforming Loans / Loans0.61%1.21%0.63%0.87%1.01%+40 bps
Net Charge-Offs / Loans0.06%0.02%0.02%0.05%0.00%-6 bps
Allowance / Loans1.23%1.18%1.16%1.15%1.54%+31 bps
Allowance Coverage of NPLs2.0x1.0x1.9x1.3x1.5x-0.5x
Capital
Tier 1 Leverage Ratio12.92%12.94%13.41%12.69%11.46%-146 bps
Total Risk-Based Capital24.38%23.60%24.41%24.21%22.76%-161 bps
Equity / Assets12.09%13.32%13.81%12.98%12.26%+17 bps
Liquidity & Funding
Loans / Deposits53.09%57.38%57.83%52.98%53.88%+80 bps
Liquid Assets / Assets3.69%3.76%3.08%6.94%9.43%+574 bps
CRE / Total Capitaln/an/an/an/an/an/an/a