PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens State Bank of Glenville

Glenville, MN · Cert 1918

FDIC · 1 branch

Q4 2019

$41.2MAssets
$14.7MLoans
$36.6MDeposits
$4.5MEquity
Loan mix
58%RE $5.9M22%C&I $2.2M20%Consumer $2.1MQ4 2018Q4 2019
Deposit mix
71%Interest-bearing $26.1M29%Noninterest $10.5MQ4 2018Q4 2019

NIM

2.70%Q4 ’172.68%Q4 ’183.12%Q4 ’19-2%+17%

Non-interest income vs. expense

2.03%Q4 ’172.04%Q4 ’181.78%Q4 ’190%-14%

Executive Summary

  • Earnings: ROA of 1.35%, up 67 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 1.08% of loans (+108 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 10.98%, down 4 bps from a year ago.
  • Funding: loans stand at 40.05% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

1.35%+67 bps YoY

Net Interest Margin (YTD, annualized)

2.91%+42 bps YoY

Efficiency Ratio (YTD, annualized)

56.97%-1,828 bps YoY

Tier 1 Leverage Ratio

10.98%-4 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.68%0.98%1.15%1.20%1.35%+67 bps
Return on Equity5.98%8.79%10.17%10.50%11.86%+587 bps
Net Interest Margin2.49%2.79%2.86%2.90%2.91%+42 bps
Efficiency Ratio75.25%66.67%62.38%61.61%56.97%-1,828 bps
Non-Interest Burden1.81%1.80%1.72%1.71%1.57%-25 bps
Growth
Asset Growth (YoY)-3.03%0.06%3.90%2.75%0.00%+303 bps
Loan Growth (YoY)3.62%0.33%-0.38%-7.80%-1.20%-482 bps
Deposit Growth (YoY)-2.85%0.47%4.09%1.87%0.47%+332 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%1.19%1.08%+108 bps
Net Charge-Offs / Loans0.05%0.00%0.00%-0.01%-0.01%-7 bps
Allowance / Loans1.90%2.03%2.01%2.06%1.07%-83 bps
Allowance Coverage of NPLsn/an/an/a1.7x1.0xn/a
Capital
Tier 1 Leverage Ratio11.01%11.38%11.51%11.77%10.98%-4 bps
Total Risk-Based Capital26.77%29.70%30.31%31.85%28.44%+167 bps
Equity / Assets11.05%11.33%11.54%11.90%11.05%0 bps
Liquidity & Funding
Loans / Deposits40.73%38.34%38.38%38.01%40.05%-68 bps
Liquid Assets / Assets55.43%56.41%54.29%56.23%53.96%-148 bps
CRE / Total Capitaln/an/an/an/an/an/an/a