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Citizens National Bank of Breckenridge

Breckenridge, TX · Cert 18830

FDIC

Q3 2010

$93.3MAssets
$77.1MLoans
$83.4MDeposits
$9.7MEquity
Deposit mix
87%Interest-bearing $72.8M13%Noninterest $10.7MQ3 2009Q3 2010

NIM

5.92%Q3 ’085.03%Q3 ’094.35%Q3 ’10-1%-11%

Non-interest income vs. expense

1.54%Q3 ’081.95%Q3 ’091.91%Q3 ’10+31%-5%

Executive Summary

  • Earnings: ROA of 2.11%, down 40 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 92.35% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

2.11%-40 bps YoY

Net Interest Margin (YTD, annualized)

3.60%-46 bps YoY

Efficiency Ratio (YTD, annualized)

46.85%+345 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.51%2.31%2.57%2.23%2.11%-40 bps
Return on Equity23.62%21.73%24.32%21.41%20.31%-331 bps
Net Interest Margin4.06%4.10%4.17%3.69%3.60%-46 bps
Efficiency Ratio43.40%42.83%44.27%46.54%46.85%+345 bps
Non-Interest Burden1.52%1.50%1.58%1.45%1.44%-8 bps
Growth
Asset Growth (YoY)-4.05%-9.17%-3.14%2.21%1.17%+523 bps
Loan Growth (YoY)-7.88%-18.47%0.20%-2.89%-6.86%+102 bps
Deposit Growth (YoY)-7.48%-9.62%-2.68%3.18%4.60%+1,208 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.52%-0.02%0.03%0.13%+11 bps
Allowance / Loans1.10%1.08%1.03%1.06%1.04%-6 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 Capital12.34%12.70%12.23%12.73%13.08%+74 bps
Equity / Assets10.68%10.56%10.57%10.14%10.35%-33 bps
Liquidity & Funding
Loans / Deposits103.71%95.19%99.63%93.15%92.35%-1,136 bps
Liquid Assets / Assets4.79%8.89%4.86%10.75%12.09%+730 bps
CRE / Total Capitaln/an/an/an/an/an/an/a