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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 $4.7MQ1 2012Q4 2013
Deposit mix
82%Interest-bearing $26.8M18%Noninterest $5.9MQ1 2012Q4 2013

Executive Summary

  • Earnings: ROA of 0.07%, down 52 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.80%.
  • Funding: loans stand at 31.54% of deposits as of Q4 2013.

Return on Assets (YTD, annualized)

0.07%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.04%-102 bps YoY

Efficiency Ratio (YTD, annualized)

87.77%+2,873 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.60%Q4 ’114.56%Q4 ’123.52%Q4 ’13-18%-25%

Non-interest income vs. expense

2.81%Q4 ’112.64%Q4 ’123.07%Q4 ’13-5%+18%

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.26%0.14%0.47%0.59%0.81%0.92%0.94%0.07%-52 bps
Return on Equity9.84%1.07%3.63%4.55%6.20%7.07%7.26%0.54%-402 bps
Net Interest Margin4.30%4.17%4.16%4.06%3.37%3.29%3.24%3.04%-102 bps
Efficiency Ratio54.36%54.53%56.85%59.04%78.51%75.22%73.62%87.77%+2,873 bps
Non-Interest Burden2.16%2.08%2.18%2.23%2.56%2.37%2.27%2.62%+39 bps
Growth
Asset Growth (YoY)5.43%4.87%3.26%4.59%-1.18%-0.78%0.91%1.49%-310 bps
Loan Growth (YoY)-10.79%-17.86%-15.77%-20.05%-26.92%-27.02%-23.04%-20.24%-19 bps
Deposit Growth (YoY)4.50%4.58%3.53%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.79%2.72%2.23%2.20%-1.82%-0.60%0.77%0.80%-140 bps
Allowance / Loans2.09%2.32%2.26%2.39%3.07%3.12%2.28%3.50%+111 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital29.37%30.62%32.59%35.21%38.06%40.94%41.60%41.62%+641 bps
Equity / Assets12.52%12.73%13.13%13.12%13.06%12.77%12.63%11.40%-173 bps
Liquidity & Funding
Loans / Deposits49.54%47.29%44.99%40.78%36.80%34.70%34.09%31.54%-923 bps
Liquid Assets / Assets12.39%12.98%12.92%14.11%16.19%17.09%16.34%15.22%+111 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a