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Citizens Bank of Perry, The

Perry, FL · Cert 17880

FDIC · 4 branches

Q2 2019

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: Q2 2019, the quarter ended June 30, 2019, 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 2026-10-10

Citizens Bank of Perry, The

Perry, FL · Cert 17880

FDIC · 4 branches

Q2 2019

$272.7MAssets
$190.6MLoans
$231.9MDeposits
$30.3MEquity
Loan mix
35%RE $59.9M6%C&I $10.5M58%Consumer $99.0MQ2 2018Q2 2019
Deposit mix
89%Interest-bearing $205.4M11%Noninterest $26.5MQ2 2018Q2 2019

NIM

5.20%Q2 ’175.18%Q2 ’185.16%Q2 ’19-1%-6%

Non-interest income vs. expense

2.67%Q2 ’172.73%Q2 ’182.75%Q2 ’19-1%+2%

Market Position · Gainesville, FL · 2019 SOD (annual) · 1.6% share · #12 of 19 inst. · $0.1B of $5.3B

61.9% Taylor
1.7% Alachua

Executive Summary

  • Earnings: ROA of 1.19%, down 14 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 0.40% of loans (-10 bps YoY), with net charge-offs at 0.60%.
  • Capital: tier 1 leverage ratio of 11.06%, up 57 bps from a year ago.
  • Funding: loans stand at 82.22% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

1.19%-14 bps YoY

Net Interest Margin (YTD, annualized)

4.01%-24 bps YoY

Efficiency Ratio (YTD, annualized)

65.25%+433 bps YoY

Tier 1 Leverage Ratio

11.06%+57 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets1.33%1.33%1.30%0.54%1.19%-14 bps
Return on Equity13.35%13.44%13.15%5.37%11.44%-192 bps
Net Interest Margin4.25%4.22%4.08%3.88%4.01%-24 bps
Efficiency Ratio60.93%61.37%62.38%78.63%65.25%+433 bps
Non-Interest Burden2.50%2.51%2.47%3.01%2.55%+5 bps
Growth
Asset Growth (YoY)-0.36%4.56%4.50%2.94%0.72%+109 bps
Loan Growth (YoY)1.62%-2.45%-9.48%-4.60%-9.14%-1,076 bps
Deposit Growth (YoY)-1.78%3.03%3.77%1.46%-1.31%+46 bps
Asset Quality
Nonperforming Loans / Loans0.51%0.48%0.59%0.47%0.40%-10 bps
Net Charge-Offs / Loans0.67%0.64%0.63%0.64%0.60%-7 bps
Allowance / Loans1.04%1.07%1.11%1.03%1.01%-4 bps
Allowance Coverage of NPLs2.1x2.2x1.9x2.2x2.5x+0.4x
Capital
Tier 1 Leverage Ratio10.49%10.41%10.28%10.35%11.06%+57 bps
Total Risk-Based Capital13.52%14.06%14.76%14.63%15.63%+211 bps
Equity / Assets10.13%9.74%9.70%10.37%11.09%+96 bps
Liquidity & Funding
Loans / Deposits89.30%84.53%75.69%82.03%82.22%-709 bps
Liquid Assets / Assets2.04%7.73%15.15%13.45%20.69%+1,865 bps
CRE / Total Capitaln/an/an/an/an/an/an/a