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Citizens First Bank

Wartburg, TN · Cert 34311

FDIC · 6 branches

Q3 2019

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 2019, the quarter ended September 30, 2019, 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 First Bank

Wartburg, TN · Cert 34311

FDIC · 6 branches

Q3 2019

$181.2MAssets
$106.7MLoans
$154.9MDeposits
$24.6MEquity
Loan mix
86%RE $86.5M6%C&I $5.7M9%Consumer $8.7MQ3 2018Q3 2019
Deposit mix
76%Interest-bearing $117.4M24%Noninterest $37.4MQ3 2018Q3 2019

NIM

4.58%Q3 ’174.89%Q3 ’184.71%Q3 ’19+7%-6%

Non-interest income vs. expense

3.58%Q3 ’173.97%Q3 ’184.07%Q3 ’19+16%+6%

Market Position · Knoxville, TN · 2019 SOD (annual) · 0.7% share · #20 of 44 inst. · $0.1B of $17.7B

56.4% Morgan
4.4% Anderson
9.7% Scott
2.9% Roane

Executive Summary

  • Earnings: ROA of 0.73%, down 16 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.71% of loans (-9 bps YoY), with net charge-offs at 0.12%.
  • Capital: tier 1 leverage ratio of 10.72%, up 126 bps from a year ago.
  • Funding: loans stand at 68.91% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

0.73%-16 bps YoY

Net Interest Margin (YTD, annualized)

4.11%-25 bps YoY

Efficiency Ratio (YTD, annualized)

80.35%+649 bps YoY

Tier 1 Leverage Ratio

10.72%+126 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets0.89%1.08%0.61%0.67%0.73%-16 bps
Return on Equity10.21%12.10%5.20%5.50%5.79%-442 bps
Net Interest Margin4.36%4.36%4.31%4.08%4.11%-25 bps
Efficiency Ratio73.87%76.66%86.12%82.68%80.35%+649 bps
Non-Interest Burden2.95%3.10%3.49%3.18%3.12%+16 bps
Growth
Asset Growth (YoY)-2.23%-4.08%5.24%9.48%9.33%+1,156 bps
Loan Growth (YoY)-1.37%-0.61%-4.97%-4.72%-6.88%-551 bps
Deposit Growth (YoY)-0.39%-3.45%1.91%4.15%4.01%+440 bps
Asset Quality
Nonperforming Loans / Loans0.80%0.88%0.99%0.80%0.71%-9 bps
Net Charge-Offs / Loans-0.86%-0.58%0.36%0.18%0.12%+99 bps
Allowance / Loans1.78%1.27%0.00%0.07%0.14%-164 bps
Allowance Coverage of NPLs2.2x1.5x0.0x0.1x0.2x-2.0x
Capital
Tier 1 Leverage Ratio9.46%9.90%11.24%10.50%10.72%+126 bps
Total Risk-Based Capital15.46%15.95%15.97%16.56%17.60%+214 bps
Equity / Assets9.12%9.88%13.25%13.38%13.59%+447 bps
Liquidity & Funding
Loans / Deposits76.97%79.13%70.71%69.50%68.91%-806 bps
Liquid Assets / Assets6.84%3.90%8.79%10.07%13.99%+714 bps
CRE / Total Capitaln/an/an/an/an/an/an/a