PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens Bank

Mount Ayr, IA · Cert 18608

FDIC

Q4 2002

$266.4MAssets
$220.0MLoans
$220.7MDeposits
$25.8MEquity
Loan mix
74%RE $88.3M26%C&I $30.7M0%Consumer $0.6MQ4 2001Q4 2002
Deposit mix
87%Interest-bearing $192.4M13%Noninterest $28.4MQ4 2001Q4 2002

NIM

7.86%Q1 ’017.43%Q4 ’016.49%Q4 ’02+4%+5%

Non-interest income vs. expense

3.19%Q1 ’013.07%Q4 ’012.95%Q4 ’02+0%+2%

Executive Summary

  • Earnings: ROA of 1.63%, up 12 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 99.67% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

1.63%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.67%+21 bps YoY

Efficiency Ratio (YTD, annualized)

52.93%-271 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.51%1.75%1.62%1.65%1.63%+12 bps
Return on Equityn/a18.19%16.87%17.15%16.96%n/a
Net Interest Margin4.46%4.78%4.75%4.74%4.67%+21 bps
Efficiency Ratio55.64%52.00%53.55%52.72%52.93%-271 bps
Non-Interest Burden2.01%2.04%2.13%2.07%2.05%+4 bps
Growth
Asset Growth (YoY)5.65%5.46%10.80%9.38%6.13%+47 bps
Loan Growth (YoY)10.53%9.24%11.15%12.06%11.05%+53 bps
Deposit Growth (YoY)3.29%3.22%11.02%9.31%5.07%+178 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%-0.01%0.52%0.48%0.41%-35 bps
Allowance / Loans1.85%1.87%1.64%1.59%1.57%-28 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 Capital12.67%12.61%12.26%12.13%12.09%-57 bps
Equity / Assets9.71%9.57%9.52%9.60%9.67%-5 bps
Liquidity & Funding
Loans / Deposits94.29%91.87%93.62%97.96%99.67%+537 bps
Liquid Assets / Assets0.01%0.00%0.00%0.00%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a