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Citizens National Bank of Wills Point

Wills Point, TX · Cert 23450

FDIC · 3 branches

Q3 2016

$152.1MAssets
$81.7MLoans
$137.4MDeposits
$14.2MEquity
Loan mix
81%RE $61.5M5%C&I $3.9M14%Consumer $10.6MQ3 2015Q3 2016
Deposit mix
79%Interest-bearing $108.2M21%Noninterest $29.2MQ3 2015Q3 2016

NIM

3.83%Q3 ’143.73%Q3 ’153.63%Q3 ’16-3%-3%

Non-interest income vs. expense

2.34%Q3 ’142.18%Q3 ’153.28%Q3 ’16-3%+70%

Executive Summary

  • Earnings: ROA of 0.47%, down 125 bps year over year; NIM at 3.22%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.46%, down 120 bps from a year ago.
  • Funding: loans stand at 59.45% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

0.47%-125 bps YoY

Net Interest Margin (YTD, annualized)

3.22%-9 bps YoY

Efficiency Ratio (YTD, annualized)

87.65%+3,133 bps YoY

Tier 1 Leverage Ratio

9.46%-120 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.72%1.74%1.74%1.64%0.47%-125 bps
Return on Equity15.58%15.82%16.11%15.08%4.48%-1,110 bps
Net Interest Margin3.31%3.23%3.26%3.32%3.22%-9 bps
Efficiency Ratio56.32%55.91%55.06%57.52%87.65%+3,133 bps
Non-Interest Burden1.62%1.57%1.55%1.68%2.75%+114 bps
Growth
Asset Growth (YoY)13.92%13.25%10.52%10.53%18.33%+441 bps
Loan Growth (YoY)13.34%13.27%11.59%8.77%11.30%-203 bps
Deposit Growth (YoY)15.07%14.16%10.67%10.12%20.40%+532 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%-0.01%0.01%0.00%-1 bps
Allowance / Loans1.06%1.04%1.02%0.99%0.95%-11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.66%10.73%10.28%10.56%9.46%-120 bps
Total Risk-Based Capital20.46%20.43%18.94%18.91%14.98%-548 bps
Equity / Assets10.93%10.94%10.63%11.10%9.34%-159 bps
Liquidity & Funding
Loans / Deposits64.30%63.15%62.54%63.84%59.45%-486 bps
Liquid Assets / Assets15.89%17.67%20.65%6.54%6.77%-912 bps
CRE / Total Capitaln/an/an/an/an/an/an/a