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Citizens Community Bank

Ridgewood, NJ · Cert 57563

FDIC

Q1 2009

$40.7MAssets
$28.3MLoans
$40.7MDeposits
$-237KEquity
Deposit mix
98%Interest-bearing $39.9M2%Noninterest $0.8MQ1 2008Q1 2009

NIM

7.01%Q1 ’075.06%Q1 ’084.71%Q1 ’09-60%+6%

Non-interest income vs. expense

19.03%Q1 ’0720.93%Q1 ’0810.91%Q1 ’09+103%+28%

Executive Summary

  • Earnings: ROA of -3.62%, up 37 bps year over year; NIM at 1.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 69.60% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

-3.62%+37 bps YoY

Net Interest Margin (quarter, annualized)

1.19%+7 bps YoY

Efficiency Ratio (quarter, annualized)

149.61%+3,520 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-3.98%-3.45%-6.15%-9.16%-3.62%+37 bps
Return on Equity-78.20%-77.45%-187.62%-632%3200%+327,820 bps
Net Interest Margin1.12%1.08%0.93%0.33%1.19%+7 bps
Efficiency Ratio114.41%117.23%123.08%145.10%149.61%+3,520 bps
Non-Interest Burden3.76%4.69%5.71%9.37%4.80%+105 bps
Growth
Asset Growth (YoY)-14.15%-13.14%-15.65%-14.81%-11.27%+289 bps
Loan Growth (YoY)-3.48%-8.78%-16.52%-13.05%-18.32%-1,484 bps
Deposit Growth (YoY)-12.51%-10.24%-10.83%-9.75%-5.87%+664 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans8.24%0.00%11.43%1.38%0.00%-824 bps
Allowance / Loans4.36%4.51%2.53%2.63%2.88%-148 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 Capital8.04%6.89%4.84%0.76%-2.09%-1,014 bps
Equity / Assets4.96%3.96%2.57%0.32%-0.58%-554 bps
Liquidity & Funding
Loans / Deposits80.20%76.51%72.95%70.92%69.60%-1,060 bps
Liquid Assets / Assets0.46%0.46%0.48%0.48%0.53%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a