PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Citizens City and County Bank

Trenton, TN · Cert 34399

FDIC

Q2 2007

$29.9MAssets
$20.3MLoans
$25.0MDeposits
$4.3MEquity
Loan mix
67%RE $8.8M32%C&I $4.2M0%Consumer $0.0MQ2 2006Q2 2007
Deposit mix
92%Interest-bearing $23.1M8%Noninterest $1.9MQ2 2006Q2 2007

NIM

6.14%Q2 ’056.85%Q2 ’066.97%Q2 ’07+4%-10%

Non-interest income vs. expense

3.47%Q2 ’054.17%Q2 ’063.72%Q2 ’07+23%-18%

Executive Summary

  • Earnings: ROA of 1.28%, up 17 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.37%.
  • Funding: loans stand at 81.21% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.28%+17 bps YoY

Net Interest Margin (quarter, annualized)

3.94%-45 bps YoY

Efficiency Ratio (quarter, annualized)

65.98%-921 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.11%1.39%3.01%0.69%1.28%+17 bps
Return on Equity11.36%11.83%21.76%4.80%8.86%-251 bps
Net Interest Margin4.40%4.40%3.97%3.58%3.94%-45 bps
Efficiency Ratio75.19%67.26%73.24%74.25%65.98%-921 bps
Non-Interest Burden3.02%2.87%2.99%2.62%2.47%-55 bps
Growth
Asset Growth (YoY)3.29%5.48%2.76%7.28%5.68%+239 bps
Loan Growth (YoY)-3.25%-2.01%-4.83%-3.59%2.91%+616 bps
Deposit Growth (YoY)0.92%5.36%-2.66%1.85%0.53%-38 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.10%0.33%0.92%-0.36%0.37%+48 bps
Allowance / Loans1.46%1.35%1.57%1.68%1.47%+1 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 Capital15.65%16.77%19.34%19.20%17.57%+193 bps
Equity / Assets9.83%13.56%14.09%14.56%14.38%+456 bps
Liquidity & Funding
Loans / Deposits79.33%82.87%67.77%71.75%81.21%+188 bps
Liquid Assets / Assets0.30%0.28%0.28%0.29%0.29%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a