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Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Campbell County, Inc.

Newport, KY · Cert 33846

FDIC · 7 branches

Q4 2016

$234.6MAssets
$144.3MLoans
$204.3MDeposits
$24.1MEquity
Loan mix
91%RE $113.5M7%C&I $8.2M2%Consumer $2.4MQ4 2015Q4 2016
Deposit mix
84%Interest-bearing $171.3M16%Noninterest $32.9MQ4 2015Q4 2016

NIM

3.89%Q4 ’143.78%Q4 ’153.71%Q4 ’16-2%+0%

Non-interest income vs. expense

3.71%Q4 ’143.73%Q4 ’154.04%Q4 ’16-8%+8%

Market Position · Cincinnati, OH-KY-IN · 2016 SOD (annual) · 0.2% share · #20 of 67 inst. · $0.2B of $106.8B

12.6% Campbell
0.2% Kenton
0.1% Boone

Executive Summary

  • Earnings: ROA of 0.50%, up 2 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.68%, down 11 bps from a year ago.
  • Funding: loans stand at 70.62% of deposits as of Q4 2016.

Financial Results

Return on Assets (YTD, annualized)

0.50%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.35%+1 bps YoY

Efficiency Ratio (YTD, annualized)

93.25%+527 bps YoY

Tier 1 Leverage Ratio

10.68%-11 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2015Q1 2016Q2 2016Q3 2016Q4 2016YoY ΔTrend
Earnings
Return on Assets0.48%0.38%0.53%0.59%0.50%+2 bps
Return on Equity4.66%3.52%4.95%5.41%4.65%-2 bps
Net Interest Margin3.34%3.15%3.17%3.17%3.35%+1 bps
Efficiency Ratio87.98%89.95%89.08%94.85%93.25%+527 bps
Non-Interest Burden2.83%2.75%2.73%2.95%3.06%+23 bps
Growth
Asset Growth (YoY)-3.56%-4.54%-1.27%-4.24%-4.33%-77 bps
Loan Growth (YoY)-2.12%-1.19%-1.44%-1.95%-1.33%+79 bps
Deposit Growth (YoY)-4.98%-6.17%-1.96%2.82%3.11%+809 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.17%0.10%0.07%0.05%+2 bps
Allowance / Loans1.53%1.45%1.28%1.21%1.30%-23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.79%10.67%10.25%10.43%10.68%-11 bps
Total Risk-Based Capital15.67%16.02%15.82%16.43%16.40%+73 bps
Equity / Assets10.65%10.86%10.65%11.15%10.28%-37 bps
Liquidity & Funding
Loans / Deposits73.79%74.67%74.94%73.21%70.62%-317 bps
Liquid Assets / Assets5.42%7.06%5.63%6.58%6.57%+115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a