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Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Sparta, The

Sparta, MO · Cert 12459

FDIC

Q4 2004

$44.0MAssets
$30.3MLoans
$38.9MDeposits
$4.6MEquity
Deposit mix
89%Interest-bearing $34.8M11%Noninterest $4.2MQ4 2003Q4 2004

NIM

6.63%Q4 ’025.98%Q4 ’031.33%Q4 ’04+1%-77%

Non-interest income vs. expense

3.46%Q4 ’023.31%Q4 ’030.85%Q4 ’04-6%-76%

Executive Summary

  • Earnings: ROA of 0.12%, down 39 bps year over year; NIM at 0.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.46%.
  • Funding: loans stand at 77.81% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.12%-39 bps YoY

Net Interest Margin (YTD, annualized)

0.94%-306 bps YoY

Efficiency Ratio (YTD, annualized)

74.65%-32 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.51%-0.13%0.32%0.06%0.12%-39 bps
Return on Equity4.64%-1.19%2.94%0.57%1.10%-355 bps
Net Interest Margin3.99%4.02%4.04%0.06%0.94%-306 bps
Efficiency Ratio74.98%97.30%89.86%4.55%74.65%-32 bps
Non-Interest Burden2.89%3.89%3.60%-0.01%0.68%-220 bps
Growth
Asset Growth (YoY)6.05%1.93%-2.16%3.13%-3.65%-970 bps
Loan Growth (YoY)9.41%3.78%-0.76%-6.70%-9.61%-1,902 bps
Deposit Growth (YoY)6.65%1.94%-2.17%4.13%-1.39%-804 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%0.19%0.29%0.01%1.46%+80 bps
Allowance / Loans1.52%1.58%1.60%1.51%1.76%+24 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 Capital17.02%17.13%17.81%13.01%11.26%-576 bps
Equity / Assets10.96%10.90%11.01%9.49%10.35%-61 bps
Liquidity & Funding
Loans / Deposits84.89%82.02%82.80%75.82%77.81%-708 bps
Liquid Assets / Assets5.71%4.03%3.91%0.20%0.10%-561 bps
CRE / Total Capitaln/an/an/an/an/an/an/a