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Letter portraitLegal landscapeQuarterYTD

Citizens National Bank, The

Laurel, MD · Cert 4852

FDIC

Q2 2007

$1.5BAssets
$1.1BLoans
$1.2BDeposits
$168.1MEquity
Loan mix
77%RE $388.7M23%C&I $117.1M0%Consumer $2.2MQ2 2006Q2 2007
Deposit mix
74%Interest-bearing $865.5M26%Noninterest $301.3MQ2 2006Q2 2007

NIM

4.93%Q2 ’055.36%Q2 ’065.74%Q2 ’07-4%-3%

Non-interest income vs. expense

1.97%Q2 ’052.07%Q2 ’061.94%Q2 ’07+9%-11%

Executive Summary

  • Earnings: ROA of 1.52%, up 4 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 95.95% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

1.52%+4 bps YoY

Net Interest Margin (YTD, annualized)

3.62%-12 bps YoY

Efficiency Ratio (YTD, annualized)

45.82%-150 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.48%1.46%1.45%1.43%1.52%+4 bps
Return on Equity13.17%12.94%12.94%12.97%13.66%+49 bps
Net Interest Margin3.74%3.70%3.58%3.55%3.62%-12 bps
Efficiency Ratio47.32%47.32%47.22%48.73%45.82%-150 bps
Non-Interest Burden1.52%1.50%1.44%1.46%1.36%-17 bps
Growth
Asset Growth (YoY)6.09%6.22%8.13%8.26%7.35%+126 bps
Loan Growth (YoY)6.91%7.71%8.31%6.36%3.70%-320 bps
Deposit Growth (YoY)7.31%4.95%10.24%7.44%8.46%+115 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.03%-0.01%0.00%-2 bps
Allowance / Loans0.94%0.90%0.86%0.85%0.79%-15 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 Capital13.16%12.89%12.80%13.15%13.67%+52 bps
Equity / Assets11.19%11.20%10.96%11.15%11.35%+16 bps
Liquidity & Funding
Loans / Deposits100.35%100.27%97.87%97.43%95.95%-440 bps
Liquid Assets / Assets0.12%0.36%0.13%0.13%0.10%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a