PackageTrendsPeer
Letter portraitLegal landscape

Citizens South Bank

Gastonia, NC · Cert 28833

FDIC

Q3 2012

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 2012, the quarter ended September 30, 2012, 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 South Bank

Gastonia, NC · Cert 28833

FDIC

Q3 2012

$938.2MAssets
$707.6MLoans
$826.7MDeposits
$93.6MEquity
Loan mix
91%RE $514.2M8%C&I $45.4M1%Consumer $6.2MQ3 2011Q3 2012
Deposit mix
88%Interest-bearing $729.1M12%Noninterest $97.6MQ3 2011Q3 2012

NIM

3.99%Q4 ’113.91%Q2 ’124.01%Q3 ’12+5%+4%

Non-interest income vs. expense

2.69%Q4 ’112.79%Q2 ’124.70%Q3 ’12+21%+85%

Executive Summary

  • Earnings: ROA of -1.35%, down 165 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.63%.
  • Funding: loans stand at 85.59% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

-1.35%-165 bps YoY

Net Interest Margin (YTD, annualized)

3.32%

Efficiency Ratio (YTD, annualized)

131.81%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.30%0.10%-0.72%-0.41%-1.35%-165 bps
Return on Equityn/an/a-7.46%-4.30%-13.91%n/a
Net Interest Marginn/a3.05%3.20%3.20%3.32%n/a
Efficiency Ration/a70.54%76.06%76.90%131.81%n/a
Non-Interest Burdenn/a2.00%2.39%2.42%4.48%n/a
Growth
Asset Growth (YoY)0.54%1.64%3.11%-6.36%-14.62%-1,517 bps
Loan Growth (YoY)-1.09%1.08%2.75%-2.88%-4.21%-313 bps
Deposit Growth (YoY)2.88%3.03%4.63%-5.81%-7.35%-1,023 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a1.48%3.51%2.32%1.63%n/a
Allowance / Loansn/a1.59%1.58%1.63%1.68%n/a
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 Capitaln/a15.61%15.50%15.59%14.49%n/a
Equity / Assetsn/a9.67%9.52%9.73%9.97%n/a
Liquidity & Funding
Loans / Deposits82.79%83.81%83.92%84.16%85.59%+281 bps
Liquid Assets / Assets0.00%15.82%18.95%19.03%11.61%+1,161 bps
CRE / Total Capitaln/an/an/an/an/an/an/a