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Farmers State Bank

Mentone, IN · Cert 9290

FDIC · 5 branches

Q1 2016

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 2016, the quarter ended March 31, 2016, 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

Mentone, IN · Cert 9290

FDIC · 5 branches

Q1 2016

$147.1MAssets
$102.0MLoans
$121.4MDeposits
$15.5MEquity
Loan mix
94%RE $78.9M5%C&I $4.0M2%Consumer $1.4MQ1 2015Q1 2016
Deposit mix
76%Interest-bearing $92.7M24%Noninterest $28.8MQ1 2015Q1 2016

NIM

3.86%Q1 ’143.81%Q1 ’153.70%Q1 ’16-1%-3%

Non-interest income vs. expense

2.97%Q1 ’143.09%Q1 ’152.95%Q1 ’16+5%-5%

Executive Summary

  • Earnings: ROA of 1.08%, up 37 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.53%, down 17 bps from a year ago.
  • Funding: loans stand at 84.03% of deposits as of Q1 2016.

Financial Results

Return on Assets (YTD, annualized)

1.08%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-11 bps YoY

Efficiency Ratio (YTD, annualized)

74.19%-131 bps YoY

Tier 1 Leverage Ratio

10.53%-17 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.71%0.75%0.78%0.83%1.08%+37 bps
Return on Equity6.58%6.95%7.23%7.74%10.39%+380 bps
Net Interest Margin3.46%3.48%3.40%3.23%3.34%-11 bps
Efficiency Ratio75.51%74.35%73.43%71.28%74.19%-131 bps
Non-Interest Burden2.45%2.42%2.32%2.12%2.32%-13 bps
Growth
Asset Growth (YoY)-3.47%-2.69%3.25%8.61%9.22%+1,269 bps
Loan Growth (YoY)2.83%3.59%7.29%7.07%2.53%-30 bps
Deposit Growth (YoY)-0.64%-2.31%5.16%10.79%11.02%+1,166 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.06%0.07%0.00%-3 bps
Allowance / Loans1.98%1.91%1.85%1.80%1.87%-11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.70%10.78%10.58%10.13%10.53%-17 bps
Total Risk-Based Capital16.20%15.89%14.65%14.76%15.44%-76 bps
Equity / Assets10.90%10.96%10.69%10.30%10.53%-37 bps
Liquidity & Funding
Loans / Deposits90.99%96.36%91.70%86.55%84.03%-696 bps
Liquid Assets / Assets0.60%0.50%2.97%4.41%4.42%+382 bps
CRE / Total Capitaln/an/an/an/an/an/an/a