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Citizens Bank of Fayette, The

Fayette, AL · Cert 5600

FDIC · 2 branches

Q4 2021

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: Q4 2021, the quarter ended December 31, 2021, 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 Bank of Fayette, The

Fayette, AL · Cert 5600

FDIC · 2 branches

Q4 2021

$206.8MAssets
$28.0MLoans
$187.8MDeposits
$17.3MEquity
Loan mix
52%RE $13.3M27%C&I $6.9M21%Consumer $5.4MQ4 2020Q4 2021
Deposit mix
66%Interest-bearing $123.3M34%Noninterest $64.4MQ4 2020Q4 2021

NIM

3.34%Q4 ’192.86%Q4 ’202.46%Q4 ’21-13%-7%

Non-interest income vs. expense

1.79%Q4 ’191.50%Q4 ’202.02%Q4 ’21-57%+2%

Executive Summary

  • Earnings: ROA of 1.24%, down 23 bps year over year; NIM at 2.17%.
  • Asset quality: problem loans at 1.34% of loans (-34 bps YoY), with net recoveries of 2.03%.
  • Capital: tier 1 leverage ratio of 7.12%, down 1,228 bps from a year ago.
  • Funding: loans stand at 14.92% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.24%-23 bps YoY

Net Interest Margin (YTD, annualized)

2.17%-15 bps YoY

Efficiency Ratio (YTD, annualized)

57.41%+1,004 bps YoY

Tier 1 Leverage Ratio

7.12%-1,228 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets1.46%1.59%1.06%1.00%1.24%-23 bps
Return on Equity6.91%7.61%5.11%4.82%6.76%-15 bps
Net Interest Margin2.32%2.39%2.23%2.18%2.17%-15 bps
Efficiency Ratio47.37%59.08%61.01%59.59%57.41%+1,004 bps
Non-Interest Burden0.66%1.33%1.29%1.22%0.67%+1 bps
Growth
Asset Growth (YoY)10.20%13.75%6.07%6.08%-1.44%-1,164 bps
Loan Growth (YoY)-14.92%-20.61%-20.01%-16.23%-15.90%-98 bps
Deposit Growth (YoY)11.07%14.48%7.64%7.88%16.26%+519 bps
Asset Quality
Nonperforming Loans / Loans1.68%1.94%1.29%1.08%1.34%-34 bps
Net Charge-Offs / Loans-0.02%-5.41%-3.50%-2.44%-2.03%-201 bps
Allowance / Loans2.08%2.23%2.65%2.73%2.86%+77 bps
Allowance Coverage of NPLs1.2x1.2x2.1x2.5x2.1x+0.9x
Capital
Tier 1 Leverage Ratio19.39%19.57%19.17%19.09%7.12%-1,228 bps
Total Risk-Based Capital19.39%19.57%19.17%19.09%7.12%-1,228 bps
Equity / Assets21.44%20.40%20.29%20.57%8.37%-1,307 bps
Liquidity & Funding
Loans / Deposits20.62%17.80%16.83%16.94%14.92%-570 bps
Liquid Assets / Assets7.76%7.53%8.98%9.87%12.57%+480 bps
CRE / Total Capitaln/an/an/an/an/an/an/a