PackageTrendsPeer
Letter portraitLegal landscape

Citizens Bank

Clive, IA · Cert 35516

FDIC

Q4 2006

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 2006, the quarter ended December 31, 2006, 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

Clive, IA · Cert 35516

FDIC

Q4 2006

$672.9MAssets
$496.6MLoans
$549.8MDeposits
$64.2MEquity
Loan mix
71%RE $195.4M29%C&I $79.5M0%Consumer $0.7MQ4 2005Q4 2006
Deposit mix
87%Interest-bearing $477.0M13%Noninterest $72.8MQ4 2005Q4 2006

NIM

4.96%Q4 ’045.98%Q4 ’056.31%Q4 ’06+13%-11%

Non-interest income vs. expense

2.68%Q4 ’043.15%Q4 ’053.12%Q4 ’06+12%-6%

Executive Summary

  • Earnings: ROA of 1.31%, down 10 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 90.33% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

1.31%-10 bps YoY

Net Interest Margin (YTD, annualized)

3.92%-47 bps YoY

Efficiency Ratio (YTD, annualized)

58.23%+400 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.41%1.36%1.39%1.39%1.31%-10 bps
Return on Equity14.45%13.71%14.34%14.30%13.54%-92 bps
Net Interest Margin4.39%4.30%4.09%4.00%3.92%-47 bps
Efficiency Ratio54.23%57.90%56.90%56.78%58.23%+400 bps
Non-Interest Burden1.94%2.01%1.85%1.78%1.81%-12 bps
Growth
Asset Growth (YoY)-0.55%2.61%7.52%10.11%11.85%+1,240 bps
Loan Growth (YoY)-1.28%-0.10%4.05%9.87%12.20%+1,349 bps
Deposit Growth (YoY)5.78%6.37%6.67%5.13%5.01%-77 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%-0.10%0.06%0.07%0.12%-11 bps
Allowance / Loans1.48%1.55%1.43%1.43%1.38%-9 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 Capital11.41%11.58%11.12%11.14%11.16%-25 bps
Equity / Assets9.96%9.84%9.40%9.61%9.55%-42 bps
Liquidity & Funding
Loans / Deposits84.54%83.38%89.83%92.76%90.33%+579 bps
Liquid Assets / Assets0.00%0.00%0.04%0.00%0.89%+89 bps
CRE / Total Capitaln/an/an/an/an/an/an/a