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Citizens National Bank

Athens, TN · Cert 4917

FDIC · 9 branches

Q3 2016

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: Q3 2016, the quarter ended September 30, 2016, 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 National Bank

Athens, TN · Cert 4917

FDIC · 9 branches

Q3 2016

$551.4MAssets
$343.3MLoans
$459.3MDeposits
$76.7MEquity
Loan mix
85%RE $194.9M12%C&I $28.2M3%Consumer $7.5MQ3 2015Q3 2016
Deposit mix
86%Interest-bearing $396.3M14%Noninterest $63.0MQ3 2015Q3 2016

NIM

3.56%Q3 ’143.76%Q3 ’150.37%Q3 ’16+7%-90%

Non-interest income vs. expense

2.85%Q3 ’142.63%Q3 ’150.25%Q3 ’16-18%-90%

Market Position · Knoxville, TN · 2016 SOD (annual) · 0.4% share · #26 of 50 inst. · $0.1B of $16.3B

28.2% McMinn
21.7% Monroe
10.6% Roane
2.6% Anderson

Executive Summary

  • Earnings: ROA of 0.09%, down 123 bps year over year; NIM at 0.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Capital: tier 1 leverage ratio of 13.89%, up 228 bps from a year ago.
  • Funding: loans stand at 74.75% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

0.09%-123 bps YoY

Net Interest Margin (YTD, annualized)

0.34%-301 bps YoY

Efficiency Ratio (YTD, annualized)

62.63%-255 bps YoY

Tier 1 Leverage Ratio

13.89%+228 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.32%1.21%1.26%1.25%0.09%-123 bps
Return on Equity11.37%10.45%10.91%10.70%0.72%-1,065 bps
Net Interest Margin3.34%3.29%3.24%3.26%0.34%-301 bps
Efficiency Ratio65.18%67.65%66.14%67.20%62.63%-255 bps
Non-Interest Burden1.94%2.00%1.90%1.96%0.19%-175 bps
Growth
Asset Growth (YoY)1.60%3.35%3.91%5.93%4.56%+295 bps
Loan Growth (YoY)4.37%3.86%3.28%2.47%-1.55%-592 bps
Deposit Growth (YoY)1.16%4.04%4.01%6.37%2.32%+116 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.47%0.54%0.47%0.22%0.30%-17 bps
Allowance / Loans1.66%1.44%1.31%1.33%0.02%-165 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.61%11.63%11.30%11.33%13.89%+228 bps
Total Risk-Based Capital17.12%17.02%17.01%17.15%20.06%+294 bps
Equity / Assets11.73%11.64%11.51%11.86%13.91%+217 bps
Liquidity & Funding
Loans / Deposits77.69%77.36%75.41%74.57%74.75%-294 bps
Liquid Assets / Assets3.20%1.80%4.19%6.05%15.47%+1,227 bps
CRE / Total Capitaln/an/an/an/an/an/an/a