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Citizens National Bank of Russellville, The

Russellville, KY · Cert 2768

FDIC

Q2 2005

$163.0MAssets
$104.9MLoans
$142.9MDeposits
$18.3MEquity
Loan mix
87%RE $42.7M13%C&I $6.1M0%Consumer $0.0MQ2 2004Q2 2005
Deposit mix
91%Interest-bearing $129.9M9%Noninterest $13.1MQ2 2004Q2 2005

NIM

3.57%Q2 ’034.23%Q2 ’045.32%Q2 ’05+52%+30%

Non-interest income vs. expense

1.73%Q2 ’031.95%Q2 ’042.33%Q2 ’05+12%+20%

Executive Summary

  • Earnings: ROA of 1.11%, up 19 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.32%.
  • Funding: loans stand at 73.39% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.11%+19 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+81 bps YoY

Efficiency Ratio (quarter, annualized)

56.97%-420 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.92%0.97%0.21%1.14%1.11%+19 bps
Return on Equity9.78%10.13%2.01%10.45%10.04%+26 bps
Net Interest Margin2.70%2.96%3.26%3.23%3.51%+81 bps
Efficiency Ratio61.17%62.60%56.52%56.68%56.97%-420 bps
Non-Interest Burden1.46%1.66%1.58%1.55%1.75%+29 bps
Growth
Asset Growth (YoY)0.95%-1.46%-5.84%-5.16%-8.28%-922 bps
Loan Growth (YoY)-4.24%-3.19%31.21%41.70%37.91%+4,215 bps
Deposit Growth (YoY)1.24%-1.59%-6.84%-5.48%-9.09%-1,033 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.58%1.64%-0.11%-0.32%-47 bps
Allowance / Loans1.30%1.21%1.15%1.17%1.26%-4 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 Capital11.38%11.85%10.67%10.52%10.82%-56 bps
Equity / Assets8.94%10.30%10.88%10.93%11.23%+229 bps
Liquidity & Funding
Loans / Deposits48.38%48.97%66.95%71.83%73.39%+2,501 bps
Liquid Assets / Assets0.20%0.18%0.17%0.16%0.15%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a