PackageTrendsPeer
Letter portraitLegal landscape

Farmers Security Bank

Washburn, ND · Cert 9122

FDIC · 1 branch

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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 Security Bank

Washburn, ND · Cert 9122

FDIC · 1 branch

Q4 2021

$72.7MAssets
$36.7MLoans
$65.9MDeposits
$6.7MEquity
Loan mix
72%RE $19.7M17%C&I $4.5M12%Consumer $3.2MQ4 2020Q4 2021
Deposit mix
76%Interest-bearing $50.2M24%Noninterest $15.7MQ4 2020Q4 2021

NIM

4.43%Q4 ’193.73%Q4 ’203.28%Q4 ’21-16%-9%

Non-interest income vs. expense

2.85%Q4 ’192.55%Q4 ’202.30%Q4 ’21-17%-7%

Executive Summary

  • Earnings: ROA of 0.71%, down 10 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (-59 bps YoY), with net charge-offs at 0.23%.
  • Capital: tier 1 leverage ratio of 9.22%, down 99 bps from a year ago.
  • Funding: loans stand at 55.67% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

0.71%-10 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-30 bps YoY

Efficiency Ratio (YTD, annualized)

70.95%+112 bps YoY

Tier 1 Leverage Ratio

9.22%-99 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets0.81%0.90%1.10%0.88%0.71%-10 bps
Return on Equity7.49%9.18%11.13%8.90%7.24%-24 bps
Net Interest Margin3.28%3.22%3.32%3.23%2.98%-30 bps
Efficiency Ratio69.83%65.75%61.24%64.99%70.95%+112 bps
Non-Interest Burden2.18%2.02%1.91%1.99%2.03%-14 bps
Growth
Asset Growth (YoY)16.66%17.93%15.11%13.06%7.94%-872 bps
Loan Growth (YoY)-7.49%6.14%1.59%5.99%12.67%+2,016 bps
Deposit Growth (YoY)17.90%19.50%16.54%14.58%9.19%-872 bps
Asset Quality
Nonperforming Loans / Loans0.59%0.26%0.24%0.23%0.00%-59 bps
Net Charge-Offs / Loans0.00%0.41%0.18%0.14%0.23%+23 bps
Allowance / Loans1.80%1.62%1.57%1.60%1.58%-22 bps
Allowance Coverage of NPLs3.1x6.1x6.5x6.9xn/an/a
Capital
Tier 1 Leverage Ratio10.21%9.46%9.66%9.90%9.22%-99 bps
Total Risk-Based Capital10.21%9.46%9.66%9.90%9.22%-99 bps
Equity / Assets10.15%9.53%10.00%10.10%9.23%-92 bps
Liquidity & Funding
Loans / Deposits53.95%53.61%58.44%62.52%55.67%+172 bps
Liquid Assets / Assets6.14%5.41%5.86%4.91%4.67%-146 bps
CRE / Total Capitaln/an/an/an/an/an/an/a