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Citizens National Bank

Arlington, KS · Cert 4620

FDIC

Q3 2010

$59.0MAssets
$40.0MLoans
$54.1MDeposits
$4.8MEquity
Loan mix
78%RE $13.7M22%C&I $3.9M0%Consumer $0.0MQ3 2009Q3 2010
Deposit mix
85%Interest-bearing $46.2M15%Noninterest $7.9MQ3 2009Q3 2010

NIM

5.16%Q3 ’084.68%Q3 ’094.27%Q3 ’10+3%-4%

Non-interest income vs. expense

2.80%Q3 ’083.09%Q3 ’092.48%Q3 ’10+8%-16%

Executive Summary

  • Earnings: ROA of 0.96%, up 24 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.06%.
  • Funding: loans stand at 74.06% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

0.96%+24 bps YoY

Net Interest Margin (quarter, annualized)

3.01%-13 bps YoY

Efficiency Ratio (quarter, annualized)

71.77%-931 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.72%0.78%-0.16%0.34%0.96%+24 bps
Return on Equity7.43%7.91%-1.73%3.96%11.61%+418 bps
Net Interest Margin3.14%3.27%2.76%3.04%3.01%-13 bps
Efficiency Ratio81.08%80.09%85.71%74.43%71.77%-931 bps
Non-Interest Burden2.42%2.50%2.29%2.12%2.04%-38 bps
Growth
Asset Growth (YoY)1.17%4.34%9.66%18.08%28.51%+2,735 bps
Loan Growth (YoY)-6.40%-1.56%4.72%19.60%28.34%+3,475 bps
Deposit Growth (YoY)0.78%4.31%10.35%19.61%31.20%+3,042 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.04%0.35%0.03%-0.06%-24 bps
Allowance / Loans1.35%1.36%1.67%1.53%1.37%+3 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 Capital13.27%12.62%13.40%11.63%10.82%-245 bps
Equity / Assets9.96%9.65%8.66%8.36%8.19%-178 bps
Liquidity & Funding
Loans / Deposits75.71%71.13%58.29%69.62%74.06%-165 bps
Liquid Assets / Assets4.88%3.32%7.03%4.44%3.46%-142 bps
CRE / Total Capitaln/an/an/an/an/an/an/a