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Citizens' Bank

Velma, OK · Cert 20125

FDIC

Q1 2008

$19.2MAssets
$14.7MLoans
$16.1MDeposits
$3.0MEquity
Deposit mix
76%Interest-bearing $12.3M24%Noninterest $3.8MQ1 2007Q1 2008

NIM

6.38%Q1 ’067.16%Q1 ’077.17%Q1 ’08+8%-3%

Non-interest income vs. expense

4.96%Q1 ’065.10%Q1 ’074.74%Q1 ’08+1%-4%

Executive Summary

  • Earnings: ROA of 1.45%, up 10 bps year over year; NIM at 5.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 91.47% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

1.45%+10 bps YoY

Net Interest Margin (quarter, annualized)

5.52%-18 bps YoY

Efficiency Ratio (quarter, annualized)

75.59%-134 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.34%1.47%1.73%2.46%1.45%+10 bps
Return on Equity8.62%9.25%10.88%15.69%9.33%+71 bps
Net Interest Margin5.69%5.83%5.99%5.93%5.52%-18 bps
Efficiency Ratio76.92%76.07%72.03%63.22%75.59%-134 bps
Non-Interest Burden4.16%4.23%4.07%3.32%3.99%-18 bps
Growth
Asset Growth (YoY)-1.18%-5.22%2.86%1.20%5.65%+684 bps
Loan Growth (YoY)1.58%1.05%2.97%1.91%13.06%+1,147 bps
Deposit Growth (YoY)-2.49%-6.94%2.48%-0.43%6.09%+858 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.06%0.00%-0.06%-0.08%-5 bps
Allowance / Loans0.97%0.97%1.00%1.08%1.06%+9 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 Capital22.37%22.40%21.95%21.22%20.45%-192 bps
Equity / Assets15.78%15.99%15.84%15.47%15.55%-23 bps
Liquidity & Funding
Loans / Deposits85.84%91.04%88.76%89.60%91.47%+564 bps
Liquid Assets / Assets0.02%0.02%1.61%0.56%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a