PackageTrendsPeer
Letter portraitLegal landscape

Citizens Bank of Effingham

Springfield, GA · Cert 34601

FDIC

Q4 2010

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: Q4 2010, the quarter ended December 31, 2010, 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 Effingham

Springfield, GA · Cert 34601

FDIC

Q4 2010

$214.3MAssets
$144.8MLoans
$206.5MDeposits
$2.2MEquity
Loan mix
86%RE $108.5M10%C&I $13.0M4%Consumer $4.9MQ4 2009Q4 2010
Deposit mix
93%Interest-bearing $192.5M7%Noninterest $14.0MQ4 2009Q4 2010

NIM

5.39%Q4 ’084.21%Q4 ’094.04%Q4 ’10-17%+0%

Non-interest income vs. expense

2.10%Q4 ’081.98%Q4 ’092.59%Q4 ’100%+65%

Executive Summary

  • Earnings: ROA of -4.41%, down 139 bps year over year; NIM at 2.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.66%.
  • Funding: loans stand at 70.11% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.41%-139 bps YoY

Net Interest Margin (YTD, annualized)

2.12%0 bps YoY

Efficiency Ratio (YTD, annualized)

117.21%+4,050 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-3.02%-0.62%-2.72%-5.27%-4.41%-139 bps
Return on Equity-42.74%-12.41%-58.32%-134.21%-130.18%-8,744 bps
Net Interest Margin2.11%2.25%2.24%2.04%2.12%0 bps
Efficiency Ratio76.71%78.82%83.69%119.71%117.21%+4,050 bps
Non-Interest Burden1.51%1.68%1.81%2.44%2.50%+99 bps
Growth
Asset Growth (YoY)1.03%0.04%-3.45%-8.35%-12.28%-1,331 bps
Loan Growth (YoY)-4.94%-8.75%-13.55%-18.67%-23.25%-1,831 bps
Deposit Growth (YoY)4.74%3.76%1.31%-4.57%-8.58%-1,332 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.29%1.48%5.69%4.73%6.66%+237 bps
Allowance / Loans2.68%2.79%2.28%4.86%3.45%+76 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 Capital6.88%6.82%6.18%3.04%2.53%-435 bps
Equity / Assets5.06%4.96%3.96%1.48%1.02%-404 bps
Liquidity & Funding
Loans / Deposits83.52%81.68%79.47%77.92%70.11%-1,340 bps
Liquid Assets / Assets0.03%2.17%4.23%6.05%6.24%+621 bps
CRE / Total Capitaln/an/an/an/an/an/an/a