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Citizens National Bank in Loup City

Loup City, NE · Cert 57296

FDIC

Q3 2009

$24.8MAssets
$19.0MLoans
$20.4MDeposits
$2.3MEquity
Loan mix
76%RE $8.1M23%C&I $2.5M0%Consumer $0.0MQ3 2008Q3 2009
Deposit mix
86%Interest-bearing $17.6M14%Noninterest $2.8MQ3 2008Q3 2009

NIM

6.89%Q3 ’076.75%Q3 ’085.90%Q3 ’09+15%+10%

Non-interest income vs. expense

3.26%Q3 ’072.92%Q3 ’082.33%Q3 ’09-18%-21%

Executive Summary

  • Earnings: ROA of 1.70%, up 72 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 93.12% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.70%+72 bps YoY

Net Interest Margin (YTD, annualized)

4.16%+39 bps YoY

Efficiency Ratio (YTD, annualized)

50.07%-1,681 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.98%1.10%1.43%1.73%1.70%+72 bps
Return on Equity7.52%8.49%11.72%14.93%15.68%+817 bps
Net Interest Margin3.77%3.96%4.49%4.25%4.16%+39 bps
Efficiency Ratio66.87%65.54%57.77%52.33%50.07%-1,681 bps
Non-Interest Burden2.33%2.37%2.35%1.98%1.84%-49 bps
Growth
Asset Growth (YoY)8.94%14.11%22.87%41.55%65.07%+5,613 bps
Loan Growth (YoY)29.36%24.81%32.65%45.09%53.49%+2,413 bps
Deposit Growth (YoY)7.34%13.76%21.17%34.17%66.24%+5,889 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.03%0.00%0.16%0.11%+6 bps
Allowance / Loans0.86%0.91%0.75%0.56%0.59%-27 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 Capital16.47%17.22%14.83%13.10%11.89%-458 bps
Equity / Assets12.77%12.94%11.61%10.55%9.12%-364 bps
Liquidity & Funding
Loans / Deposits100.86%87.77%94.22%99.70%93.12%-773 bps
Liquid Assets / Assets2.32%5.05%8.43%8.79%8.46%+614 bps
CRE / Total Capitaln/an/an/an/an/an/an/a