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Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Higginsport, Ohio, The

Higginsport, OH · Cert 12755

FDIC

Q2 2009

$114.1MAssets
$73.3MLoans
$103.1MDeposits
$10.8MEquity
Loan mix
93%RE $59.6M7%C&I $4.3M0%Consumer $0.2MQ3 2007Q2 2009
Deposit mix
92%Interest-bearing $95.0M8%Noninterest $8.1MQ3 2007Q2 2009

Executive Summary

  • Earnings: ROA of 0.37%, down 13 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.92%.
  • Funding: loans stand at 71.09% of deposits as of Q2 2009.

Return on Assets (quarter, annualized)

0.37%-13 bps YoY

Net Interest Margin (quarter, annualized)

2.69%-21 bps YoY

Efficiency Ratio (quarter, annualized)

80.76%+116 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.12%Q2 ’075.71%Q2 ’084.82%Q2 ’09+13%-7%

Non-interest income vs. expense

2.25%Q2 ’072.64%Q2 ’082.47%Q2 ’09+29%-6%

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.20%0.36%0.26%0.50%0.64%0.33%0.33%0.37%-13 bps
Return on Equity2.34%3.99%2.82%5.42%6.74%3.37%3.48%3.93%-150 bps
Net Interest Margin2.36%2.54%2.60%2.91%3.23%2.80%2.81%2.69%-21 bps
Efficiency Ratio91.21%87.95%86.08%79.59%76.58%79.78%82.09%80.76%+116 bps
Non-Interest Burden2.12%2.19%2.19%2.23%2.37%2.14%2.24%2.10%-13 bps
Growth
Asset Growth (YoY)-2.04%-2.10%-2.83%-4.97%-2.34%-2.45%-0.64%2.16%+713 bps
Loan Growth (YoY)-0.08%-4.03%-6.02%-3.15%-2.20%-1.77%1.14%-3.45%-30 bps
Deposit Growth (YoY)-2.19%-2.72%-3.45%-5.72%-2.90%-3.11%-0.97%2.00%+771 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%-0.01%0.13%-0.02%-0.02%0.46%0.10%0.92%+93 bps
Allowance / Loans0.96%0.99%1.02%1.04%1.08%1.03%1.04%0.87%-17 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital15.08%15.45%15.57%15.42%15.80%16.04%15.90%15.99%+57 bps
Equity / Assets9.01%9.06%9.10%9.30%9.63%9.70%9.50%9.46%+16 bps
Liquidity & Funding
Loans / Deposits76.16%73.63%71.56%75.10%76.71%74.65%73.09%71.09%-401 bps
Liquid Assets / Assets18.44%16.91%11.32%11.00%10.88%10.37%8.61%7.74%-325 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a