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Letter portraitLegal landscapeQuarterYTD

Citizens Financial Bank

Munster, IN · Cert 29367

FDIC

Q3 2013

$1.1BAssets
$648.5MLoans
$953.0MDeposits
$111.7MEquity
Loan mix
82%RE $412.1M17%C&I $85.4M0%Consumer $2.5MQ3 2012Q3 2013
Deposit mix
88%Interest-bearing $834.5M12%Noninterest $118.5MQ3 2012Q3 2013

NIM

3.72%Q1 ’123.79%Q3 ’123.38%Q3 ’13+3%-8%

Non-interest income vs. expense

3.54%Q1 ’123.26%Q3 ’123.13%Q3 ’13-11%-5%

Executive Summary

  • Earnings: ROA of 0.42%, up 2 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.65%.
  • Funding: loans stand at 68.05% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.42%+2 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-26 bps YoY

Efficiency Ratio (YTD, annualized)

81.81%+229 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.40%0.45%0.56%0.36%0.42%+2 bps
Return on Equityn/an/a5.77%3.66%4.27%n/a
Net Interest Margin3.24%3.21%2.93%2.94%2.98%-26 bps
Efficiency Ratio79.52%78.85%76.91%81.72%81.81%+229 bps
Non-Interest Burden2.40%2.34%2.02%2.25%2.28%-12 bps
Growth
Asset Growth (YoY)-4.33%-1.00%-2.02%-0.04%-0.07%+426 bps
Loan Growth (YoY)-0.49%-0.94%-6.00%-7.33%-8.05%-756 bps
Deposit Growth (YoY)-3.79%-1.40%-3.14%-0.68%-0.57%+322 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.65%0.64%0.40%0.34%0.65%0 bps
Allowance / Loansn/an/a1.81%1.91%1.91%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 Capital13.82%14.06%14.86%15.31%16.13%+231 bps
Equity / Assetsn/an/a9.80%9.83%9.99%n/a
Liquidity & Funding
Loans / Deposits73.58%71.25%67.75%68.30%68.05%-553 bps
Liquid Assets / Assets1.21%1.36%12.97%12.89%13.75%+1,254 bps
CRE / Total Capitaln/an/an/an/an/an/an/a