PackageTrendsPeer
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

5.08%Q2 ’055.53%Q2 ’065.84%Q2 ’07-5%-2%

Non-interest income vs. expense

1.98%Q2 ’051.90%Q2 ’061.86%Q2 ’07-4%-5%

Executive Summary

  • Earnings: ROA of 1.61%, up 7 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 95.95% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.61%+7 bps YoY

Net Interest Margin (quarter, annualized)

3.73%-7 bps YoY

Efficiency Ratio (quarter, annualized)

43.07%+41 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.54%1.40%1.43%1.43%1.61%+7 bps
Return on Equity13.69%12.53%12.93%12.97%14.33%+64 bps
Net Interest Margin3.79%3.70%3.58%3.55%3.73%-7 bps
Efficiency Ratio42.65%47.33%46.92%48.73%43.07%+41 bps
Non-Interest Burden1.33%1.48%1.42%1.46%1.27%-6 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%0.06%-0.01%0.01%-1 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