PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens State Bank

Tenaha, TX · Cert 18148

FDIC

Q4 2013

$37.3MAssets
$10.3MLoans
$32.8MDeposits
$4.2MEquity
Loan mix
46%RE $4.5M7%C&I $0.7M47%Consumer $4.7MQ4 2012Q4 2013
Deposit mix
82%Interest-bearing $26.8M18%Noninterest $5.9MQ4 2012Q4 2013

NIM

5.02%Q4 ’114.23%Q4 ’123.25%Q4 ’13-16%-26%

Non-interest income vs. expense

2.89%Q4 ’112.75%Q4 ’124.42%Q4 ’13-3%+64%

Executive Summary

  • Earnings: ROA of -2.53%, down 348 bps year over year; NIM at 2.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
  • Funding: loans stand at 31.54% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-2.53%-348 bps YoY

Net Interest Margin (quarter, annualized)

2.76%-99 bps YoY

Efficiency Ratio (quarter, annualized)

133.12%+6,681 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.95%0.81%1.02%0.98%-2.53%-348 bps
Return on Equity7.27%6.20%7.90%7.68%-21.03%-2,830 bps
Net Interest Margin3.75%3.37%3.18%3.06%2.76%-99 bps
Efficiency Ratio66.31%78.51%71.77%70.16%133.12%+6,681 bps
Non-Interest Burden2.35%2.56%2.16%2.02%3.86%+151 bps
Growth
Asset Growth (YoY)4.59%-1.18%-0.78%0.91%1.49%-310 bps
Loan Growth (YoY)-20.05%-26.92%-27.02%-23.04%-20.24%-19 bps
Deposit Growth (YoY)4.81%-1.62%-0.55%1.56%3.11%-170 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.51%-1.82%0.76%3.54%0.77%-74 bps
Allowance / Loans2.39%3.07%3.12%2.28%3.50%+111 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 Capital35.21%38.06%40.94%41.60%41.62%+641 bps
Equity / Assets13.12%13.06%12.77%12.63%11.40%-173 bps
Liquidity & Funding
Loans / Deposits40.78%36.80%34.70%34.09%31.54%-923 bps
Liquid Assets / Assets14.11%16.19%17.09%16.34%15.22%+111 bps
CRE / Total Capitaln/an/an/an/an/an/an/a