PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens First Bank

Rome, GA · Cert 27797

FDIC

Q1 2010

$350.0MAssets
$292.1MLoans
$285.9MDeposits
$30.4MEquity
Loan mix
86%RE $197.6M13%C&I $30.9M0%Consumer $1.0MQ1 2009Q1 2010
Deposit mix
88%Interest-bearing $250.2M12%Noninterest $35.7MQ1 2009Q1 2010

NIM

6.26%Q1 ’084.84%Q1 ’094.59%Q1 ’10-10%+5%

Non-interest income vs. expense

2.10%Q1 ’081.84%Q1 ’092.02%Q1 ’10-11%+11%

Executive Summary

  • Earnings: ROA of -0.27%, down 118 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.72%.
  • Funding: loans stand at 102.18% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-0.27%-118 bps YoY

Net Interest Margin (quarter, annualized)

3.33%+17 bps YoY

Efficiency Ratio (quarter, annualized)

50.99%+226 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.91%0.02%-0.03%0.42%-0.27%-118 bps
Return on Equity11.22%0.21%-0.34%4.97%-3.12%-1,435 bps
Net Interest Margin3.17%3.07%3.11%3.23%3.33%+17 bps
Efficiency Ratio48.73%66.09%48.11%48.28%50.99%+226 bps
Non-Interest Burden1.27%2.02%1.25%1.28%1.41%+14 bps
Growth
Asset Growth (YoY)5.33%7.29%12.03%7.43%1.96%-337 bps
Loan Growth (YoY)3.10%1.14%2.56%-0.83%-3.05%-616 bps
Deposit Growth (YoY)15.99%18.48%22.69%16.29%8.30%-769 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.03%0.36%0.44%1.72%+151 bps
Allowance / Loans1.20%1.48%2.05%2.36%2.73%+153 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 Capital10.85%10.38%11.84%11.99%12.21%+136 bps
Equity / Assets8.01%7.28%8.26%8.51%8.68%+67 bps
Liquidity & Funding
Loans / Deposits114.15%107.79%105.59%107.66%102.18%-1,197 bps
Liquid Assets / Assets0.01%0.47%1.28%0.01%0.02%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a