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Citizens Bank

Ville Platte, LA · Cert 21995

FDIC · 3 branches

Q2 2017

$249.9MAssets
$131.8MLoans
$212.2MDeposits
$35.8MEquity
Loan mix
81%RE $100.5M11%C&I $13.3M8%Consumer $10.3MQ3 2015Q2 2017
Deposit mix
80%Interest-bearing $168.7M20%Noninterest $43.4MQ3 2015Q2 2017

Executive Summary

  • Earnings: ROA of -0.29%, down 123 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.46% of loans (+46 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 14.11%, up 27 bps from a year ago.
  • Funding: loans stand at 62.14% of deposits as of Q2 2017.

Return on Assets (quarter, annualized)

-0.29%-123 bps YoY

Net Interest Margin (quarter, annualized)

2.91%-5 bps YoY

Efficiency Ratio (quarter, annualized)

111.63%+5,372 bps YoY

Tier 1 Leverage Ratio

14.11%+27 bps YoY

NIM

3.24%Q2 ’153.37%Q2 ’163.33%Q2 ’17+5%-2%

Non-interest income vs. expense

1.85%Q2 ’151.92%Q2 ’163.66%Q2 ’17+7%+110%

Discrete quarter, annualized.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.94%0.80%0.90%0.94%0.90%0.73%0.91%-0.29%-123 bps
Return on Equity7.12%5.92%6.60%6.76%6.26%5.03%6.37%-2.03%-879 bps
Net Interest Margin2.95%3.00%2.91%2.96%3.06%3.03%2.92%2.91%-5 bps
Efficiency Ratio58.65%65.88%59.28%57.91%61.39%69.21%59.90%111.63%+5,372 bps
Non-Interest Burden1.57%1.84%1.57%1.57%1.74%1.98%1.59%3.29%+172 bps
Growth
Asset Growth (YoY)4.91%0.14%-1.75%-2.70%-2.69%-0.70%0.57%0.41%+311 bps
Loan Growth (YoY)1.88%1.74%2.02%1.87%1.11%0.34%1.63%0.51%-136 bps
Deposit Growth (YoY)4.74%-0.62%-2.79%-4.06%-4.08%-1.73%-0.07%-0.06%+400 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.90%0.46%+46 bps
Net Charge-Offs / Loans0.01%0.00%0.01%0.01%0.00%0.00%-0.01%0.01%0 bps
Allowance / Loans1.46%1.50%1.51%1.46%1.44%1.49%1.49%1.45%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a1.7x3.2xn/a
Capital
Tier 1 Leverage Ratio13.05%13.46%13.67%13.84%14.19%14.46%14.27%14.11%+27 bps
Total Risk-Based Capital30.63%31.83%32.75%32.31%32.71%33.63%33.91%33.17%+85 bps
Equity / Assets13.37%13.66%13.70%14.19%14.58%14.51%14.16%14.33%+13 bps
Liquidity & Funding
Loans / Deposits60.47%60.43%58.49%61.79%63.75%61.71%59.49%62.14%+35 bps
Liquid Assets / Assets8.55%10.56%14.27%11.29%11.89%12.96%15.95%15.43%+414 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a