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Letter portraitLegal landscapeQuarterYTD

Citizens State Bank

Bald Knob, AR · Cert 8727

FDIC

Q4 2013

$70.3MAssets
$12.1MLoans
$62.3MDeposits
$4.8MEquity
Loan mix
62%RE $7.0M23%C&I $2.6M14%Consumer $1.6MQ4 2012Q4 2013
Deposit mix
86%Interest-bearing $53.7M14%Noninterest $8.6MQ4 2012Q4 2013

NIM

3.90%Q4 ’113.45%Q4 ’123.26%Q4 ’13-6%+3%

Non-interest income vs. expense

3.60%Q4 ’113.38%Q4 ’123.19%Q4 ’13+10%-3%

Executive Summary

  • Earnings: ROA of 0.58%, up 29 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 19.48% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.58%1+29 bps YoY

Net Interest Margin (YTD, annualized)

2.88%+7 bps YoY

Efficiency Ratio (YTD, annualized)

91.66%-479 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.29%0.72%0.84%0.68%0.58%1+29 bps
Return on Equity2.84%7.13%8.83%7.49%6.71%+386 bps
Net Interest Margin2.81%2.78%2.83%2.97%2.88%+7 bps
Efficiency Ratio96.45%84.80%78.71%85.31%91.66%-479 bps
Non-Interest Burden2.68%2.25%2.10%2.48%2.59%-9 bps
Growth
Asset Growth (YoY)-6.94%-5.50%-3.61%-1.27%-0.64%+630 bps
Loan Growth (YoY)-23.56%-22.45%-21.08%-14.86%-7.69%+1,586 bps
Deposit Growth (YoY)-7.81%-5.90%-6.68%-5.29%-0.71%+710 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.10%0.12%0.04%0.12%-16 bps
Allowance / Loans4.13%4.37%4.41%4.46%4.36%+23 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 Capital21.06%20.98%18.35%18.04%17.33%-373 bps
Equity / Assets10.34%9.95%8.14%7.70%6.83%-352 bps
Liquidity & Funding
Loans / Deposits20.95%19.27%19.77%20.56%19.48%-147 bps
Liquid Assets / Assets1.27%1.25%1.26%1.29%0.96%-31 bps
CRE / Total Capitaln/an/an/an/an/an/an/a