PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens Bank of London, The

London, OH · Cert 29864

FDIC

Q4 2013

$773.7MAssets
$629.3MLoans
$606.6MDeposits
$72.4MEquity
Loan mix
88%RE $449.0M11%C&I $58.9M1%Consumer $5.1MQ1 2012Q4 2013
Deposit mix
95%Interest-bearing $575.0M5%Noninterest $31.6MQ1 2012Q4 2013

Executive Summary

  • Earnings: ROA of 1.09%, up 43 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 103.75% of deposits as of Q4 2013.

Return on Assets (YTD, annualized)

1.09%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.04%-30 bps YoY

Efficiency Ratio (YTD, annualized)

91.32%+780 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.83%Q4 ’114.29%Q4 ’123.74%Q4 ’13-5%-9%

Non-interest income vs. expense

3.41%Q4 ’113.37%Q4 ’123.41%Q4 ’13-15%+2%

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.31%0.34%0.35%0.66%0.37%1.81%1.37%1.09%+43 bps
Return on Equity5.04%5.42%5.51%9.79%4.47%21.13%15.75%12.35%+256 bps
Net Interest Margin3.38%3.28%3.32%3.33%2.95%2.99%3.02%3.04%-30 bps
Efficiency Ratio79.65%84.41%84.52%83.52%88.96%91.60%91.99%91.32%+780 bps
Non-Interest Burden2.53%2.65%2.69%2.67%2.53%2.67%2.72%2.71%+5 bps
Growth
Asset Growth (YoY)-0.57%0.29%-4.77%-0.36%-2.91%-1.34%0.82%1.38%+174 bps
Loan Growth (YoY)-4.63%-6.87%-9.42%-13.42%-12.07%-6.81%-2.01%9.69%+2,312 bps
Deposit Growth (YoY)-0.59%1.25%0.87%-0.37%-3.76%-3.84%-3.44%-4.00%-363 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.48%0.36%0.44%0.51%0.59%0.45%0.44%0 bps
Allowance / Loans2.35%2.30%2.41%2.12%2.06%1.83%1.64%1.32%-80 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital9.31%9.62%9.97%12.68%13.34%12.97%12.91%12.85%+17 bps
Equity / Assets6.21%6.47%6.69%8.22%8.36%9.09%9.21%9.36%+114 bps
Liquidity & Funding
Loans / Deposits97.14%96.21%94.78%90.80%88.75%93.25%96.18%103.75%+1,295 bps
Liquid Assets / Assets3.72%2.17%1.78%5.98%13.81%1.76%0.41%0.30%-568 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a