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Citizens Bank & Trust Company

Okmulgee, OK · Cert 4171

FDIC

Q4 2004

$154.3MAssets
$113.4MLoans
$135.8MDeposits
$10.3MEquity
Loan mix
73%RE $41.7M25%C&I $14.4M2%Consumer $1.1MQ4 2003Q4 2004
Deposit mix
85%Interest-bearing $115.4M15%Noninterest $20.4MQ4 2003Q4 2004

NIM

6.71%Q4 ’025.49%Q4 ’035.19%Q4 ’04-16%+0%

Non-interest income vs. expense

4.34%Q4 ’023.98%Q4 ’033.98%Q4 ’04-11%+0%

Executive Summary

  • Earnings: ROA of 0.75%, up 13 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 83.51% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

0.75%+13 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+1 bps YoY

Efficiency Ratio (YTD, annualized)

74.26%-24 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.62%0.80%0.80%0.73%0.75%+13 bps
Return on Equity9.16%11.79%11.82%10.89%11.17%+201 bps
Net Interest Margin4.07%4.11%4.09%4.11%4.08%+1 bps
Efficiency Ratio74.49%73.36%72.96%74.46%74.26%-24 bps
Non-Interest Burden2.75%2.75%2.70%2.81%2.76%+1 bps
Growth
Asset Growth (YoY)2.09%4.17%9.26%10.22%11.32%+924 bps
Loan Growth (YoY)-0.25%0.33%6.14%10.71%18.74%+1,899 bps
Deposit Growth (YoY)3.02%1.38%9.30%4.45%9.65%+663 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.16%0.18%0.24%0.18%-19 bps
Allowance / Loans0.73%0.74%0.74%0.68%0.67%-7 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 Capital11.24%11.20%11.02%10.80%10.33%-91 bps
Equity / Assets6.85%6.80%6.54%6.75%6.65%-21 bps
Liquidity & Funding
Loans / Deposits77.12%77.46%75.34%83.13%83.51%+639 bps
Liquid Assets / Assets1.48%1.45%1.40%1.42%1.32%-16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a