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Citizens Bank

Byhalia, MS · Cert 11432

FDIC · 3 branches

Q3 2020

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: Q3 2020, the quarter ended September 30, 2020, 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

Citizens Bank

Byhalia, MS · Cert 11432

FDIC · 3 branches

Q3 2020

$85.9MAssets
$38.7MLoans
$75.1MDeposits
$10.3MEquity
Loan mix
70%RE $22.9M16%C&I $5.3M14%Consumer $4.7MQ3 2019Q3 2020
Deposit mix
67%Interest-bearing $50.6M33%Noninterest $24.4MQ3 2019Q3 2020

NIM

4.12%Q3 ’184.41%Q3 ’193.74%Q3 ’20+5%-16%

Non-interest income vs. expense

3.49%Q3 ’183.50%Q3 ’193.19%Q3 ’20+6%-8%

Market Position · Memphis, TN-MS-AR · 2020 SOD (annual) · 0.2% share · #41 of 53 inst. · $0.1B of $39.2B

Executive Summary

  • Earnings: ROA of 0.67%, down 45 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.38% of loans (-25 bps YoY), with net charge-offs at 0.18%.
  • Capital: tier 1 leverage ratio of 12.06%, down 74 bps from a year ago.
  • Funding: loans stand at 51.52% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.67%-45 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-63 bps YoY

Efficiency Ratio (YTD, annualized)

77.90%+512 bps YoY

Tier 1 Leverage Ratio

12.06%-74 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets1.12%0.92%0.70%0.83%0.67%-45 bps
Return on Equity8.92%7.30%5.57%6.67%5.43%-349 bps
Net Interest Margin3.94%3.81%3.57%3.43%3.31%-63 bps
Efficiency Ratio72.78%76.98%77.49%72.51%77.90%+512 bps
Non-Interest Burden2.62%2.73%2.57%2.26%2.40%-22 bps
Growth
Asset Growth (YoY)2.72%4.18%2.26%11.37%13.84%+1,112 bps
Loan Growth (YoY)-5.07%-8.21%-8.42%-2.72%6.02%+1,110 bps
Deposit Growth (YoY)1.40%3.45%1.71%12.10%15.59%+1,419 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.61%0.14%0.39%0.38%-25 bps
Net Charge-Offs / Loans0.07%0.07%0.15%0.13%0.18%+11 bps
Allowance / Loans0.95%1.01%1.03%1.00%0.95%0 bps
Allowance Coverage of NPLs1.5x1.6x7.3x2.6x2.5x+1.0x
Capital
Tier 1 Leverage Ratio12.81%12.31%12.35%12.15%12.06%-74 bps
Total Risk-Based Capital26.42%26.13%28.30%12.15%12.06%-1,436 bps
Equity / Assets13.15%12.78%12.47%12.25%12.00%-116 bps
Liquidity & Funding
Loans / Deposits56.17%55.15%54.18%52.49%51.52%-465 bps
Liquid Assets / Assets17.48%16.77%18.72%18.79%22.64%+517 bps
CRE / Total Capitaln/an/an/an/an/an/an/a