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Letter portraitLegal landscapeQuarterYTD

Citizens Security Bank

Tifton, GA · Cert 16987

FDIC

Q4 2005

$183.6MAssets
$131.6MLoans
$151.0MDeposits
$16.8MEquity
Loan mix
74%RE $43.9M26%C&I $15.6M0%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
85%Interest-bearing $127.6M15%Noninterest $23.4MQ4 2004Q4 2005

NIM

5.89%Q4 ’035.60%Q4 ’046.13%Q4 ’05+1%+2%

Non-interest income vs. expense

2.89%Q4 ’032.95%Q4 ’043.00%Q4 ’05+8%+19%

Executive Summary

  • Earnings: ROA of 1.77%, down 5 bps year over year; NIM at 4.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 87.19% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.77%-5 bps YoY

Net Interest Margin (YTD, annualized)

4.50%+9 bps YoY

Efficiency Ratio (YTD, annualized)

53.73%+245 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.82%1.67%1.73%1.69%1.77%-5 bps
Return on Equity18.99%17.94%18.75%18.50%19.38%+39 bps
Net Interest Margin4.42%4.28%4.55%4.62%4.50%+9 bps
Efficiency Ratio51.28%53.97%54.52%54.47%53.73%+245 bps
Non-Interest Burden1.61%1.73%1.94%1.99%1.92%+31 bps
Growth
Asset Growth (YoY)2.65%2.81%5.52%9.91%11.24%+858 bps
Loan Growth (YoY)1.06%0.68%7.59%3.32%4.92%+386 bps
Deposit Growth (YoY)3.44%5.13%6.16%9.45%12.33%+889 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.04%-0.06%0.05%0.03%-20 bps
Allowance / Loans1.69%1.72%1.62%1.63%1.57%-12 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 Capital12.25%10.89%10.95%11.29%11.93%-32 bps
Equity / Assets10.04%8.62%9.06%8.91%9.16%-88 bps
Liquidity & Funding
Loans / Deposits93.35%89.28%97.62%92.25%87.19%-615 bps
Liquid Assets / Assets0.13%0.30%0.54%0.51%0.97%+84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a