PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens Bank

Tucumcari, NM · Cert 16681

FDIC

Q2 2004

$54.5MAssets
$31.3MLoans
$47.3MDeposits
$6.9MEquity
Loan mix
95%RE $15.8M4%C&I $0.7M1%Consumer $0.1MQ2 2003Q2 2004
Deposit mix
83%Interest-bearing $39.3M17%Noninterest $8.0MQ2 2003Q2 2004

NIM

4.97%Q2 ’024.52%Q2 ’034.18%Q2 ’04-6%-1%

Non-interest income vs. expense

2.07%Q2 ’022.31%Q2 ’032.35%Q2 ’04+12%+4%

Executive Summary

  • Earnings: ROA of 1.18%, down 60 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.07% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.18%-60 bps YoY

Net Interest Margin (quarter, annualized)

3.28%-2 bps YoY

Efficiency Ratio (quarter, annualized)

66.39%+230 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.78%0.91%0.57%0.87%1.18%-60 bps
Return on Equity13.91%7.24%4.60%6.99%9.41%-449 bps
Net Interest Margin3.30%3.18%3.11%3.25%3.28%-2 bps
Efficiency Ratio64.09%73.25%83.26%74.89%66.39%+230 bps
Non-Interest Burden2.01%2.26%2.55%2.38%2.09%+9 bps
Growth
Asset Growth (YoY)-2.63%4.40%1.16%3.98%4.10%+673 bps
Loan Growth (YoY)8.90%11.03%8.14%2.68%8.96%+6 bps
Deposit Growth (YoY)-3.38%5.21%1.22%4.22%4.58%+796 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.91%-0.11%0.00%0.00%0.00%+91 bps
Allowance / Loans0.73%0.75%0.71%0.71%0.70%-3 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 Capital21.07%20.60%19.93%20.15%20.03%-104 bps
Equity / Assets12.91%12.27%12.42%12.51%12.60%-31 bps
Liquidity & Funding
Loans / Deposits63.41%60.92%65.43%66.03%66.07%+266 bps
Liquid Assets / Assets9.32%8.78%8.97%8.97%8.88%-44 bps
CRE / Total Capitaln/an/an/an/an/an/an/a