Farmers Bank

Ault, CO · Cert 91048

FDIC

Q3 2001

$55.7MAssets

$47.0MLoans

$35.6MDeposits

$10.2MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.18%, up 82 bps year over year; NIM at 4.86%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
Funding: loans stand at 132.18% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.18%+82 bps YoY

Net Interest Margin (YTD, annualized)

4.86%

Efficiency Ratio (YTD, annualized)

52.86%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.93%	-1.21%	-0.07%	0.37%	0.47%	1.16%	1.12%	1.18%	+82 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	5.58%	5.15%	4.86%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	56.23%	52.41%	52.86%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.81%	2.43%	2.32%	n/a
Growth
Asset Growth (YoY)	19.37%	-8.24%	-20.07%	-31.61%	-51.68%	-39.33%	-27.33%	-2.06%	+2,954 bps
Loan Growth (YoY)	14.46%	-11.50%	-31.68%	-39.34%	-57.23%	-39.85%	-19.81%	17.20%	+5,654 bps
Deposit Growth (YoY)	14.89%	6.41%	-12.37%	-28.69%	-57.68%	-48.59%	-32.86%	-24.46%	+423 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	2.18%	0.61%	0.33%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	2.14%	2.43%	1.88%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	35.48%	29.52%	21.70%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	23.64%	21.47%	18.28%	n/a
Liquidity & Funding
Loans / Deposits	93.26%	90.99%	84.09%	85.20%	94.24%	106.44%	100.43%	132.18%	+4,698 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a