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Letter portraitLegal landscapeQuarterYTD

Citizens Bank, The

Geneva, AL · Cert 59

FDIC

Q4 2012

$172.4MAssets
$43.4MLoans
$143.1MDeposits
$28.9MEquity
Loan mix
75%RE $31.2M10%C&I $4.3M15%Consumer $6.1MQ4 2011Q4 2012
Deposit mix
92%Interest-bearing $132.0M8%Noninterest $11.1MQ4 2011Q4 2012

NIM

4.63%Q4 ’104.15%Q4 ’113.53%Q4 ’12+5%-9%

Non-interest income vs. expense

1.77%Q4 ’102.18%Q4 ’112.26%Q4 ’12+19%-13%

Executive Summary

  • Earnings: ROA of 0.40%, down 42 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.93%.
  • Funding: loans stand at 30.33% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

0.40%-42 bps YoY

Net Interest Margin (quarter, annualized)

2.83%-28 bps YoY

Efficiency Ratio (quarter, annualized)

62.71%+179 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.83%1.39%1.37%1.39%0.40%-42 bps
Return on Equity5.13%8.55%8.31%8.25%2.37%-276 bps
Net Interest Margin3.11%3.05%3.07%2.95%2.83%-28 bps
Efficiency Ratio60.92%37.43%33.68%38.73%62.71%+179 bps
Non-Interest Burden1.71%0.95%0.82%0.91%1.48%-23 bps
Growth
Asset Growth (YoY)-0.55%-0.43%0.63%-1.89%2.25%+280 bps
Loan Growth (YoY)-11.85%-12.41%-8.68%-6.62%-5.15%+670 bps
Deposit Growth (YoY)-1.32%-1.17%0.05%-3.27%1.71%+303 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.70%0.91%0.72%0.72%0.93%-77 bps
Allowance / Loans2.59%2.67%2.68%2.71%2.87%+29 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 Capital43.27%45.40%45.22%47.40%52.27%+900 bps
Equity / Assets16.19%16.39%16.53%17.25%16.79%+60 bps
Liquidity & Funding
Loans / Deposits32.52%31.47%32.27%32.84%30.33%-219 bps
Liquid Assets / Assets45.67%46.92%49.04%47.67%57.35%+1,167 bps
CRE / Total Capitaln/an/an/an/an/an/an/a