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Bartlett Farmers Bank, The

Bartlett, OH · Cert 9133

FDIC

Q3 2013

$63.2MAssets
$22.7MLoans
$54.1MDeposits
$6.5MEquity
Loan mix
82%RE $13.1M7%C&I $1.1M10%Consumer $1.7MQ3 2012Q3 2013
Deposit mix
84%Interest-bearing $45.4M16%Noninterest $8.7MQ3 2012Q3 2013

NIM

4.50%Q3 ’114.09%Q3 ’124.04%Q3 ’13-5%+3%

Non-interest income vs. expense

3.51%Q3 ’113.34%Q3 ’123.95%Q3 ’13-5%+20%

Executive Summary

  • Earnings: ROA of 0.74%, down 9 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 41.91% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.74%1-9 bps YoY

Net Interest Margin (quarter, annualized)

3.69%+11 bps YoY

Efficiency Ratio (quarter, annualized)

94.74%+1,198 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.83%1.12%0.74%1.05%0.74%1-9 bps
Return on Equity7.37%9.62%6.35%9.67%7.33%-4 bps
Net Interest Margin3.58%3.57%3.46%3.58%3.69%+11 bps
Efficiency Ratio82.77%77.68%88.01%83.51%94.74%+1,198 bps
Non-Interest Burden2.89%2.68%3.00%2.92%3.47%+59 bps
Growth
Asset Growth (YoY)4.46%-0.65%1.14%-5.73%-6.14%-1,060 bps
Loan Growth (YoY)-1.10%-11.35%-11.16%-11.43%-1.38%-28 bps
Deposit Growth (YoY)-1.99%-1.17%0.15%0.50%2.56%+455 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.02%0.00%0.09%0.00%-3 bps
Allowance / Loans1.10%1.20%1.21%1.18%1.10%0 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 Capital23.70%25.52%25.69%26.08%26.02%+232 bps
Equity / Assets11.54%11.81%11.60%10.05%10.20%-133 bps
Liquidity & Funding
Loans / Deposits43.58%40.64%39.80%39.51%41.91%-167 bps
Liquid Assets / Assets0.54%0.05%0.50%0.12%0.04%-49 bps
CRE / Total Capitaln/an/an/an/an/an/an/a