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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

5.80%Q3 ’085.22%Q3 ’094.43%Q3 ’10+2%-16%

Non-interest income vs. expense

1.53%Q3 ’081.97%Q3 ’091.95%Q3 ’10+27%+0%

Executive Summary

  • Earnings: ROA of 1.89%, down 98 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 92.35% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

1.89%-98 bps YoY

Net Interest Margin (quarter, annualized)

3.65%-69 bps YoY

Efficiency Ratio (quarter, annualized)

47.46%+655 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.87%1.65%2.57%1.90%1.89%-98 bps
Return on Equity26.59%15.56%24.32%18.39%18.43%-816 bps
Net Interest Margin4.33%4.29%4.17%3.26%3.65%-69 bps
Efficiency Ratio40.91%41.25%44.27%49.29%47.46%+655 bps
Non-Interest Burden1.49%1.46%1.58%1.35%1.49%0 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 / Loans0.04%1.99%-0.02%0.07%0.33%+29 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