PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens Bank

Warrenton, GA · Cert 17258

FDIC

Q3 2004

$48.4MAssets
$21.7MLoans
$40.1MDeposits
$7.6MEquity
Deposit mix
80%Interest-bearing $31.9M20%Noninterest $8.2MQ3 2003Q3 2004

NIM

5.24%Q3 ’024.25%Q3 ’033.85%Q3 ’04-11%-2%

Non-interest income vs. expense

4.78%Q3 ’023.29%Q3 ’032.95%Q3 ’04-34%-16%

Executive Summary

  • Earnings: ROA of 0.56%, up 34 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.45%.
  • Funding: loans stand at 54.19% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.56%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-7 bps YoY

Efficiency Ratio (YTD, annualized)

63.86%-633 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.22%0.30%0.53%0.59%0.56%+34 bps
Return on Equity1.43%1.93%3.35%3.82%3.61%+218 bps
Net Interest Margin3.17%3.26%3.12%3.09%3.10%-7 bps
Efficiency Ratio70.18%67.21%65.58%63.10%63.86%-633 bps
Non-Interest Burden2.74%2.65%2.40%2.28%2.31%-43 bps
Growth
Asset Growth (YoY)8.70%-0.54%-0.91%4.13%0.73%-797 bps
Loan Growth (YoY)7.29%23.64%26.47%32.32%6.02%-127 bps
Deposit Growth (YoY)-0.27%-2.22%-2.50%4.48%0.74%+101 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%0.31%-0.09%0.53%0.45%+5 bps
Allowance / Loans2.53%2.36%2.48%2.22%2.15%-37 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 Capital17.34%16.59%17.45%17.31%18.72%+138 bps
Equity / Assets15.58%15.65%15.68%14.89%15.62%+5 bps
Liquidity & Funding
Loans / Deposits51.49%57.90%55.07%52.08%54.19%+270 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a