PackageTrendsPeer
Letter portraitLegal landscape

Citizens National Bank of Akron, The

Akron, CO · Cert 2992

FDIC

Q3 2009

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 2009, the quarter ended September 30, 2009, 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 National Bank of Akron, The

Akron, CO · Cert 2992

FDIC

Q3 2009

$47.0MAssets
$31.8MLoans
$37.1MDeposits
$8.9MEquity
Loan mix
92%RE $16.3M7%C&I $1.3M1%Consumer $0.2MQ3 2008Q3 2009
Deposit mix
85%Interest-bearing $31.7M15%Noninterest $5.4MQ3 2008Q3 2009

NIM

6.13%Q3 ’075.69%Q3 ’085.39%Q3 ’09+2%+8%

Non-interest income vs. expense

2.60%Q3 ’072.71%Q3 ’082.76%Q3 ’09+1%+4%

Executive Summary

  • Earnings: ROA of 1.11%, up 7 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 85.54% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.11%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.96%+28 bps YoY

Efficiency Ratio (YTD, annualized)

65.09%-278 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets1.04%1.07%1.13%1.00%1.11%+7 bps
Return on Equity5.91%6.04%6.03%5.41%5.98%+7 bps
Net Interest Margin3.68%3.84%4.05%3.86%3.96%+28 bps
Efficiency Ratio67.87%67.31%64.52%67.36%65.09%-278 bps
Non-Interest Burden2.39%2.48%2.55%2.54%2.48%+9 bps
Growth
Asset Growth (YoY)6.08%1.88%-6.07%1.59%0.10%-599 bps
Loan Growth (YoY)4.70%5.54%9.43%4.28%5.01%+30 bps
Deposit Growth (YoY)5.57%-3.54%-8.75%1.03%1.80%-377 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.02%0.01%0.01%0.00%0 bps
Allowance / Loans1.24%1.23%1.26%1.25%1.24%0 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 Capital26.02%26.47%28.82%27.89%28.09%+207 bps
Equity / Assets17.55%18.27%19.06%17.95%18.87%+132 bps
Liquidity & Funding
Loans / Deposits82.93%85.50%84.17%79.65%85.54%+261 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a