PackageTrendsPeer
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Citizens National Bank of Southwest Florida

Naples, FL · Cert 35106

FDIC

Q1 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: Q1 2010, the quarter ended March 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 National Bank of Southwest Florida

Naples, FL · Cert 35106

FDIC

Q1 2010

$640.9MAssets
$528.5MLoans
$559.9MDeposits
$-15832KEquity
Loan mix
90%RE $312.7M9%C&I $32.9M0%Consumer $1.7MQ1 2009Q1 2010
Deposit mix
92%Interest-bearing $517.4M8%Noninterest $42.5MQ1 2009Q1 2010

NIM

6.15%Q1 ’084.59%Q1 ’094.32%Q1 ’10-29%-7%

Non-interest income vs. expense

3.11%Q1 ’082.79%Q1 ’094.19%Q1 ’10-16%+63%

Executive Summary

  • Earnings: ROA of -15.51%, down 1,461 bps year over year; NIM at 2.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 15.35%.
  • Funding: loans stand at 94.39% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-15.51%-1,461 bps YoY

Net Interest Margin (YTD, annualized)

2.01%-15 bps YoY

Efficiency Ratio (YTD, annualized)

122.30%+3,039 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-0.90%-1.10%-11.62%-13.25%-15.51%-1,461 bps
Return on Equity-6.69%-8.21%-100.55%-136.38%3281%+328,760 bps
Net Interest Margin2.17%2.22%2.18%2.26%2.01%-15 bps
Efficiency Ratio91.91%95.59%99.53%104.12%122.30%+3,039 bps
Non-Interest Burden1.95%2.11%11.27%9.74%3.18%+123 bps
Growth
Asset Growth (YoY)8.69%6.04%-8.83%-11.68%-15.63%-2,431 bps
Loan Growth (YoY)10.08%6.59%2.10%-7.69%-15.03%-2,512 bps
Deposit Growth (YoY)7.89%15.25%-1.11%2.42%9.90%+201 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.06%3.05%3.82%6.00%15.35%+1,129 bps
Allowance / Loans2.03%2.34%3.64%3.97%4.66%+263 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 Capital10.17%10.25%8.43%2.99%-2.98%-1,316 bps
Equity / Assets13.33%13.33%5.59%1.47%-2.47%-1,580 bps
Liquidity & Funding
Loans / Deposits122.09%111.73%104.90%101.67%94.39%-2,770 bps
Liquid Assets / Assets0.40%0.30%3.65%6.02%6.49%+609 bps
CRE / Total Capitaln/an/an/an/an/an/an/a