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Citizens National Bank, The

Putnam, CT · Cert 2521

FDIC · 5 branches

Q1 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2015, the quarter ended March 31, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Citizens National Bank, The

Putnam, CT · Cert 2521

FDIC · 5 branches

Q1 2015

$338.2MAssets
$118.0MLoans
$291.5MDeposits
$42.4MEquity
Loan mix
79%RE $88.1M12%C&I $13.1M9%Consumer $10.5MQ1 2014Q1 2015
Deposit mix
72%Interest-bearing $208.5M28%Noninterest $83.1MQ1 2014Q1 2015

NIM

3.02%Q1 ’133.10%Q1 ’143.04%Q1 ’15+7%-3%

Non-interest income vs. expense

2.28%Q1 ’132.01%Q1 ’142.45%Q1 ’15-11%+21%

Market Position · Worcester, MA-CT · 2014 SOD (annual) · 1.9% share · #18 of 43 inst. · $0.3B of $15.4B

Executive Summary

  • Earnings: ROA of 0.59%, down 25 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.53%.
  • Capital: tier 1 leverage ratio of 11.81%.
  • Funding: loans stand at 40.49% of deposits as of Q1 2015.

Financial Results

Return on Assets (YTD, annualized)

0.59%-25 bps YoY

Net Interest Margin (YTD, annualized)

2.67%-9 bps YoY

Efficiency Ratio (YTD, annualized)

77.51%+1,407 bps YoY

Tier 1 Leverage Ratio

11.81%

Year to date, annualized, through each quarter.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets0.83%0.68%0.67%0.64%0.59%-25 bps
Return on Equity9.19%6.81%6.46%5.88%4.69%-450 bps
Net Interest Margin2.76%2.92%2.98%2.96%2.67%-9 bps
Efficiency Ratio63.44%71.82%72.30%76.01%77.51%+1,407 bps
Non-Interest Burden1.60%1.95%2.00%2.11%1.94%+34 bps
Growth
Asset Growth (YoY)12.03%-16.36%-17.27%-17.93%-16.90%-2,893 bps
Loan Growth (YoY)11.30%19.19%19.09%12.06%6.07%-523 bps
Deposit Growth (YoY)22.08%13.32%9.94%9.05%9.98%-1,210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.35%0.20%0.23%0.53%+47 bps
Allowance / Loans2.16%1.89%1.89%1.76%1.77%-39 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/a11.81%n/an/a
Total Risk-Based Capital21.40%22.34%22.42%21.92%25.60%+420 bps
Equity / Assets9.37%12.00%12.22%12.56%12.53%+317 bps
Liquidity & Funding
Loans / Deposits41.98%41.40%42.05%43.75%40.49%-149 bps
Liquid Assets / Assets0.09%0.11%0.11%0.11%0.01%-8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a