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Citizens Bank

New Liberty, KY · Cert 8770

FDIC

Q2 2008

$17.1MAssets
$15.4MLoans
$15.3MDeposits
$1.4MEquity
Deposit mix
82%Interest-bearing $12.5M18%Noninterest $2.7MQ2 2007Q2 2008

NIM

7.19%Q2 ’067.34%Q2 ’077.28%Q2 ’08-11%+0%

Non-interest income vs. expense

3.36%Q2 ’063.21%Q2 ’072.97%Q2 ’08-8%-5%

Executive Summary

  • Earnings: ROA of 2.29%, up 12 bps year over year; NIM at 4.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 101.08% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

2.29%+12 bps YoY

Net Interest Margin (quarter, annualized)

4.85%+2 bps YoY

Efficiency Ratio (quarter, annualized)

56.19%-354 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets2.17%2.21%2.16%1.22%2.29%+12 bps
Return on Equity26.81%27.60%27.03%15.26%28.32%+151 bps
Net Interest Margin4.82%4.91%4.66%4.56%4.85%+2 bps
Efficiency Ratio59.73%58.95%59.57%75.93%56.19%-354 bps
Non-Interest Burden2.66%2.67%2.53%3.35%2.53%-13 bps
Growth
Asset Growth (YoY)-0.37%6.05%-1.94%6.05%4.59%+496 bps
Loan Growth (YoY)-3.26%3.96%0.57%3.09%8.68%+1,194 bps
Deposit Growth (YoY)4.36%7.00%2.75%6.32%3.10%-126 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.25%1.14%1.19%1.22%1.15%-10 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 Capital12.85%12.17%12.66%12.55%12.83%-2 bps
Equity / Assets8.20%7.81%8.22%7.78%8.42%+22 bps
Liquidity & Funding
Loans / Deposits95.89%104.90%103.63%92.28%101.08%+519 bps
Liquid Assets / Assets0.65%0.63%0.63%0.59%0.60%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a