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Citizens Bank of Pagosa Springs

Pagosa Springs, CO · Cert 33511

FDIC · 2 branches

Q2 2018

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: Q2 2018, the quarter ended June 30, 2018, 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 Bank of Pagosa Springs

Pagosa Springs, CO · Cert 33511

FDIC · 2 branches

Q2 2018

$82.3MAssets
$35.6MLoans
$74.9MDeposits
$7.3MEquity
Loan mix
91%RE $25.8M6%C&I $1.6M3%Consumer $0.9MQ2 2017Q2 2018
Deposit mix
65%Interest-bearing $48.6M35%Noninterest $26.2MQ2 2017Q2 2018

NIM

3.19%Q2 ’163.26%Q2 ’173.35%Q2 ’18-1%-2%

Non-interest income vs. expense

2.92%Q2 ’162.90%Q2 ’172.88%Q2 ’18-8%-5%

Executive Summary

  • Earnings: ROA of 1.77%, up 97 bps year over year; NIM at 2.98%.
  • Asset quality: problem loans at 0.00% of loans (-20 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 9.12%, down 11 bps from a year ago.
  • Funding: loans stand at 47.50% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

1.77%+97 bps YoY

Net Interest Margin (YTD, annualized)

2.98%-6 bps YoY

Efficiency Ratio (YTD, annualized)

77.37%-126 bps YoY

Tier 1 Leverage Ratio

9.12%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.80%0.69%0.96%1.37%1.77%+97 bps
Return on Equity8.95%7.68%10.75%16.21%20.65%+1,170 bps
Net Interest Margin3.04%2.91%2.88%2.89%2.98%-6 bps
Efficiency Ratio78.63%81.14%79.96%87.01%77.37%-126 bps
Non-Interest Burden2.25%2.25%2.19%2.46%2.14%-12 bps
Growth
Asset Growth (YoY)0.48%6.78%8.51%1.32%5.39%+491 bps
Loan Growth (YoY)10.74%3.80%0.10%0.23%-7.00%-1,774 bps
Deposit Growth (YoY)-0.15%6.83%8.22%2.00%6.40%+656 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.19%0.00%0.00%0.00%-20 bps
Net Charge-Offs / Loans-0.07%-0.07%-0.07%-0.11%-0.06%+2 bps
Allowance / Loans3.46%3.37%3.10%2.56%2.10%-136 bps
Allowance Coverage of NPLs17.4x18.2xn/an/an/an/a
Capital
Tier 1 Leverage Ratio9.23%8.91%9.21%8.47%9.12%-11 bps
Total Risk-Based Capital14.82%14.83%15.64%13.92%15.09%+27 bps
Equity / Assets9.65%9.08%8.75%8.15%8.83%-82 bps
Liquidity & Funding
Loans / Deposits54.35%51.61%46.05%48.46%47.50%-685 bps
Liquid Assets / Assets6.23%9.23%17.80%7.88%8.60%+237 bps
CRE / Total Capitaln/an/an/an/an/an/an/a