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Letter portraitLegal landscapeQuarterYTD

Citizens National Bank

Teague, TX · Cert 25222

FDIC

Q3 2009

$118.2MAssets
$88.3MLoans
$97.6MDeposits
$10.1MEquity
Deposit mix
92%Interest-bearing $89.6M8%Noninterest $7.9MQ3 2008Q3 2009

NIM

7.06%Q3 ’076.81%Q3 ’086.38%Q3 ’09+5%-7%

Non-interest income vs. expense

2.66%Q3 ’071.72%Q3 ’082.27%Q3 ’09-46%+76%

Executive Summary

  • Earnings: ROA of 1.04%, up 416 bps year over year; NIM at 4.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.59%.
  • Funding: loans stand at 90.50% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.04%+416 bps YoY

Net Interest Margin (YTD, annualized)

4.39%-32 bps YoY

Efficiency Ratio (YTD, annualized)

50.18%+1,716 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-3.12%-2.06%1.29%1.07%1.04%+416 bps
Return on Equity-31.34%-21.70%15.46%12.46%12.19%+4,353 bps
Net Interest Margin4.70%4.60%3.92%4.19%4.39%-32 bps
Efficiency Ratio33.02%36.32%50.36%52.34%50.18%+1,716 bps
Non-Interest Burden1.21%1.40%1.85%2.16%2.13%+92 bps
Growth
Asset Growth (YoY)68.53%48.86%-5.23%-5.06%8.02%-6,052 bps
Loan Growth (YoY)69.46%49.52%-1.31%-5.92%-7.94%-7,740 bps
Deposit Growth (YoY)25.68%63.23%46.06%27.08%41.18%+1,550 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.16%0.00%0.81%0.59%+51 bps
Allowance / Loans1.27%1.19%1.21%1.03%1.28%0 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 Capital10.30%10.52%11.15%11.43%10.54%+24 bps
Equity / Assets7.87%7.91%8.87%8.95%8.51%+64 bps
Liquidity & Funding
Loans / Deposits138.79%107.35%120.51%111.40%90.50%-4,829 bps
Liquid Assets / Assets0.02%0.03%0.03%0.05%0.28%+27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a