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Letter portraitLegal landscapeQuarterYTD

Citizens National Bank of Urbana, The

Urbana, OH · Cert 6715

FDIC

Q2 2008

$142.6MAssets
$50.5MLoans
$125.3MDeposits
$9.6MEquity
Loan mix
77%RE $28.9M20%C&I $7.5M3%Consumer $1.2MQ2 2007Q2 2008
Deposit mix
74%Interest-bearing $93.2M26%Noninterest $32.1MQ2 2007Q2 2008

NIM

5.22%Q2 ’065.40%Q2 ’075.05%Q2 ’08+5%+6%

Non-interest income vs. expense

2.51%Q2 ’062.74%Q2 ’072.67%Q2 ’08+3%-11%

Executive Summary

  • Earnings: ROA of 1.40%, up 24 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 40.33% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

1.40%+24 bps YoY

Net Interest Margin (quarter, annualized)

3.52%+20 bps YoY

Efficiency Ratio (quarter, annualized)

56.63%-566 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.17%1.20%1.47%1.10%1.40%+24 bps
Return on Equity15.93%15.39%20.04%16.59%20.62%+468 bps
Net Interest Margin3.32%3.36%3.51%3.42%3.52%+20 bps
Efficiency Ratio62.29%59.58%58.33%63.86%56.63%-566 bps
Non-Interest Burden1.66%1.52%1.52%1.77%1.48%-18 bps
Growth
Asset Growth (YoY)-7.77%-10.31%-10.43%-7.08%-3.87%+391 bps
Loan Growth (YoY)-9.19%-8.38%-8.87%-6.89%-4.54%+465 bps
Deposit Growth (YoY)-5.00%1.01%-2.00%-0.83%8.33%+1,333 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.07%1.67%0.03%0.28%+30 bps
Allowance / Loans2.34%2.38%1.85%1.89%1.86%-47 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 Capital18.34%19.07%14.52%14.74%15.50%-283 bps
Equity / Assets7.35%8.20%6.44%6.88%6.71%-63 bps
Liquidity & Funding
Loans / Deposits45.77%44.28%44.27%42.16%40.33%-544 bps
Liquid Assets / Assets5.34%5.39%5.30%5.53%5.66%+32 bps
CRE / Total Capitaln/an/an/an/an/an/an/a