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Letter portraitLegal landscape

Citizens & Merchants State Bank

Douglasville, GA · Cert 27056

FDIC

Q3 2008

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: Q3 2008, the quarter ended September 30, 2008, 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 & Merchants State Bank

Douglasville, GA · Cert 27056

FDIC

Q3 2008

$273.3MAssets
$232.0MLoans
$244.3MDeposits
$23.1MEquity
Loan mix
91%RE $174.3M9%C&I $18.1M0%Consumer $0.1MQ3 2007Q3 2008
Deposit mix
97%Interest-bearing $237.9M3%Noninterest $6.4MQ3 2007Q3 2008

NIM

7.63%Q3 ’067.70%Q3 ’075.36%Q3 ’08-14%-40%

Non-interest income vs. expense

1.99%Q3 ’061.86%Q3 ’072.57%Q3 ’08-5%+109%

Executive Summary

  • Earnings: ROA of -3.60%, down 493 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.59%.
  • Funding: loans stand at 94.99% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-3.60%-493 bps YoY

Net Interest Margin (YTD, annualized)

2.32%-156 bps YoY

Efficiency Ratio (YTD, annualized)

148.62%+10,460 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.33%0.66%-3.04%-3.78%-3.60%-493 bps
Return on Equity15.75%7.81%-35.85%-44.81%-42.65%-5,840 bps
Net Interest Margin3.87%3.85%2.37%2.37%2.32%-156 bps
Efficiency Ratio44.02%45.24%108.15%110.60%148.62%+10,460 bps
Non-Interest Burden1.51%1.57%2.54%2.60%3.16%+165 bps
Growth
Asset Growth (YoY)8.87%10.17%-0.23%-8.15%-7.76%-1,663 bps
Loan Growth (YoY)7.30%8.32%-5.04%-8.23%-6.17%-1,347 bps
Deposit Growth (YoY)13.44%9.64%2.99%-14.92%-1.43%-1,487 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.83%6.89%6.76%6.59%+621 bps
Allowance / Loans1.49%2.20%2.02%2.73%2.17%+68 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 Capital10.75%10.51%10.55%10.07%10.11%-64 bps
Equity / Assets8.72%8.39%8.60%8.33%8.47%-25 bps
Liquidity & Funding
Loans / Deposits99.78%104.39%97.24%105.56%94.99%-479 bps
Liquid Assets / Assets0.01%0.01%0.02%0.02%0.02%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a