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Citizens State Bank - Midwest

Cavalier, ND · Cert 15333

FDIC · 5 branches

Q4 2019

$130.7MAssets
$102.4MLoans
$108.4MDeposits
$18.6MEquity
Loan mix
72%RE $54.3M26%C&I $19.3M3%Consumer $2.1MQ1 2018Q4 2019
Deposit mix
80%Interest-bearing $86.8M20%Noninterest $21.6MQ1 2018Q4 2019

Executive Summary

  • Earnings: ROA of 1.73%, up 25 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.30% of loans (-6 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 13.37%, up 44 bps from a year ago.
  • Funding: loans stand at 94.47% of deposits as of Q4 2019.

Return on Assets (YTD, annualized)

1.73%+25 bps YoY

Net Interest Margin (YTD, annualized)

4.08%-19 bps YoY

Efficiency Ratio (YTD, annualized)

52.59%+191 bps YoY

Tier 1 Leverage Ratio

13.37%+44 bps YoY

NIM

0.81%Q4 ’174.49%Q4 ’184.78%Q4 ’19+428%-5%

Non-interest income vs. expense

0.58%Q4 ’172.55%Q4 ’182.43%Q4 ’19+353%0%

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.67%1.04%1.40%1.49%1.88%1.77%1.75%1.73%+25 bps
Return on Equity4.83%7.48%9.94%10.57%13.48%12.64%12.43%12.26%+169 bps
Net Interest Margin3.94%3.90%4.05%4.27%4.08%4.08%4.08%4.08%-19 bps
Efficiency Ratio57.86%55.39%52.46%50.68%52.37%52.52%51.77%52.59%+191 bps
Non-Interest Burden2.37%2.25%2.18%2.24%2.19%2.21%2.19%2.23%-1 bps
Growth
Asset Growth (YoY)7.57%2.44%1.69%1.02%3.00%2.48%5.27%3.81%+278 bps
Loan Growth (YoY)1.15%2.64%-2.74%2.96%8.34%9.25%11.92%10.48%+752 bps
Deposit Growth (YoY)3.50%-2.32%0.74%1.17%3.52%1.24%4.50%3.23%+206 bps
Asset Quality
Nonperforming Loans / Loans0.96%0.88%0.37%0.36%0.51%0.33%0.31%0.30%-6 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%+1 bps
Allowance / Loans0.23%0.27%0.32%0.58%0.57%0.80%0.89%0.89%+30 bps
Allowance Coverage of NPLs0.2x0.3x0.9x1.6x1.1x2.4x2.9x2.9x+1.3x
Capital
Tier 1 Leverage Ratio12.75%12.91%13.47%12.93%13.21%13.21%13.19%13.37%+44 bps
Total Risk-Based Capital16.40%16.11%16.94%16.09%16.46%16.05%16.09%16.20%+11 bps
Equity / Assets13.86%14.06%14.69%13.83%14.03%14.21%14.31%14.24%+41 bps
Liquidity & Funding
Loans / Deposits83.67%89.68%90.90%88.27%87.57%96.77%97.36%94.47%+620 bps
Liquid Assets / Assets0.56%1.04%0.58%0.44%1.15%0.35%0.30%3.17%+274 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a