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Citizens Bank, The

Nashville, GA · Cert 15934

FDIC · 4 branches

Q1 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: Q1 2020, the quarter ended March 31, 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, The

Nashville, GA · Cert 15934

FDIC · 4 branches

Q1 2020

$257.7MAssets
$164.7MLoans
$220.2MDeposits
$36.1MEquity
Loan mix
80%RE $113.1M12%C&I $17.5M7%Consumer $10.5MQ1 2019Q1 2020
Deposit mix
78%Interest-bearing $171.6M22%Noninterest $48.6MQ1 2019Q1 2020

NIM

3.82%Q1 ’184.00%Q1 ’194.14%Q1 ’20-1%-2%

Non-interest income vs. expense

2.49%Q1 ’182.74%Q1 ’193.23%Q1 ’20+23%+17%

Market Position · Valdosta, GA · 2019 SOD (annual) · 0.9% share · #17 of 19 inst. · $0.0B of $2.3B

42.5% Cook
32.3% Berrien
1.0% Lowndes

Executive Summary

  • Earnings: ROA of 0.26%, down 50 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 1.68% of loans (+34 bps YoY), with net charge-offs at 0.39%.
  • Capital: tier 1 leverage ratio of 14.05%, up 48 bps from a year ago.
  • Funding: loans stand at 74.79% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

0.26%-50 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-7 bps YoY

Efficiency Ratio (YTD, annualized)

92.55%+1,437 bps YoY

Tier 1 Leverage Ratio

14.05%+48 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets0.76%0.88%0.97%0.92%0.26%-50 bps
Return on Equity5.57%6.35%6.94%6.55%1.86%-371 bps
Net Interest Margin3.33%3.35%3.45%3.38%3.27%-7 bps
Efficiency Ratio78.18%74.86%73.06%74.26%92.55%+1,437 bps
Non-Interest Burden2.57%2.43%2.43%2.44%3.00%+44 bps
Growth
Asset Growth (YoY)-2.39%0.01%-1.00%0.32%2.69%+508 bps
Loan Growth (YoY)-1.71%0.44%3.60%1.61%0.51%+222 bps
Deposit Growth (YoY)-3.26%-0.53%-1.73%-0.16%2.01%+528 bps
Asset Quality
Nonperforming Loans / Loans1.34%1.14%1.29%1.91%1.68%+34 bps
Net Charge-Offs / Loans0.05%0.11%0.13%0.10%0.39%+34 bps
Allowance / Loans1.57%1.55%1.49%1.51%1.42%-15 bps
Allowance Coverage of NPLs1.2x1.4x1.2x0.8x0.8x-0.3x
Capital
Tier 1 Leverage Ratio13.58%13.85%14.40%14.27%14.05%+48 bps
Total Risk-Based Capital24.02%24.72%24.69%24.97%25.11%+108 bps
Equity / Assets13.59%13.99%14.41%14.23%14.00%+41 bps
Liquidity & Funding
Loans / Deposits75.91%77.67%80.37%76.98%74.79%-112 bps
Liquid Assets / Assets25.32%24.44%21.86%25.39%26.13%+81 bps
CRE / Total Capitaln/an/an/an/an/an/an/a