PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Texas, National Association

New Waverly, TX · Cert 10336

FDIC

Q3 2003

$126.5MAssets
$106.5MLoans
$104.4MDeposits
$18.3MEquity
Loan mix
31%RE $9.9M69%C&I $21.9M0%Consumer $0.1MQ3 2002Q3 2003
Deposit mix
79%Interest-bearing $82.3M21%Noninterest $22.1MQ3 2002Q3 2003

NIM

7.27%Q3 ’015.32%Q3 ’025.28%Q3 ’03-28%+25%

Non-interest income vs. expense

3.73%Q3 ’013.38%Q3 ’023.50%Q3 ’03-11%+4%

Executive Summary

  • Earnings: ROA of 0.97%, up 44 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.39%.
  • Funding: loans stand at 101.95% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.97%+44 bps YoY

Net Interest Margin (quarter, annualized)

4.23%+85 bps YoY

Efficiency Ratio (quarter, annualized)

68.17%-1,101 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.53%-3.50%0.65%0.74%0.97%+44 bps
Return on Equity3.93%-25.01%4.41%5.04%6.69%+276 bps
Net Interest Margin3.39%3.60%3.69%4.06%4.23%+85 bps
Efficiency Ratio79.18%116.20%76.31%74.22%68.17%-1,101 bps
Non-Interest Burden2.50%4.34%2.55%2.76%2.60%+10 bps
Growth
Asset Growth (YoY)6.27%2.48%-8.82%-0.89%-1.98%-825 bps
Loan Growth (YoY)4.18%1.33%-0.02%11.03%15.08%+1,090 bps
Deposit Growth (YoY)9.42%4.48%-8.74%-1.75%-6.34%-1,576 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.80%4.70%0.00%-0.05%0.39%-41 bps
Allowance / Loans1.17%1.56%1.61%1.56%1.39%+22 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 Capital11.09%11.75%12.04%11.70%11.39%+30 bps
Equity / Assets13.40%14.67%15.03%14.44%14.49%+109 bps
Liquidity & Funding
Loans / Deposits82.98%90.01%91.99%92.54%101.95%+1,897 bps
Liquid Assets / Assets0.54%0.49%0.00%0.00%0.00%-54 bps
CRE / Total Capitaln/an/an/an/an/an/an/a