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Letter portraitLegal landscapeQuarterYTD

Citizens Financial Bank, Inc.

Glasgow, KY · Cert 57028

FDIC

Q4 2004

$38.2MAssets
$29.5MLoans
$31.8MDeposits
$4.0MEquity
Loan mix
78%RE $14.7M21%C&I $4.0M0%Consumer $0.1MQ1 2003Q4 2004
Deposit mix
91%Interest-bearing $28.8M9%Noninterest $3.0MQ1 2003Q4 2004

Executive Summary

  • Earnings: ROA of 0.07%, down 27 bps year over year; NIM at 3.26%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 92.76% of deposits as of Q4 2004.

Return on Assets (quarter, annualized)

0.07%-27 bps YoY

Net Interest Margin (quarter, annualized)

3.26%+40 bps YoY

Efficiency Ratio (quarter, annualized)

92.82%+1,076 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.33%Q4 ’025.67%Q4 ’035.68%Q4 ’04+3%+14%

Non-interest income vs. expense

2.96%Q4 ’022.76%Q4 ’033.31%Q4 ’04-11%+33%

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets-0.49%-0.94%3.87%0.34%-0.10%0.02%-0.04%0.07%-27 bps
Return on Equity-4.28%-9.36%40.38%3.49%-1.09%0.20%-0.40%0.70%-280 bps
Net Interest Margin3.08%2.98%2.92%2.86%2.70%2.20%2.60%3.26%+40 bps
Efficiency Ratio93.33%77.68%80.86%82.05%94.25%96.71%93.55%92.82%+1,076 bps
Non-Interest Burden2.84%2.20%2.26%2.26%2.52%2.11%2.39%3.00%+75 bps
Growth
Asset Growth (YoY)84.42%63.77%47.49%38.24%26.58%13.21%1.06%-9.38%-4,761 bps
Loan Growth (YoY)106.63%96.86%64.19%56.24%17.66%-2.87%-8.81%-15.68%-7,192 bps
Deposit Growth (YoY)105.98%71.00%46.84%35.99%23.57%11.71%-2.12%-12.06%-4,806 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.13%0.24%1.00%-0.03%0.13%0.00%-24 bps
Allowance / Loans1.03%1.38%1.79%1.78%1.68%1.80%1.86%2.02%+24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.54%12.82%12.10%12.15%12.49%12.88%13.32%14.18%+203 bps
Equity / Assets10.66%9.40%9.77%9.56%9.16%8.99%9.75%10.54%+99 bps
Liquidity & Funding
Loans / Deposits91.41%96.01%97.96%96.75%87.03%83.48%91.27%92.76%-398 bps
Liquid Assets / Assets2.13%1.57%1.37%1.27%0.99%1.03%0.05%0.05%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a