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Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Albany

Albany, KY · Cert 8796

FDIC

Q4 2007

$255.5MAssets
$169.2MLoans
$218.1MDeposits
$32.0MEquity
Loan mix
80%RE $57.0M20%C&I $14.1M0%Consumer $0.1MQ4 2006Q4 2007
Deposit mix
83%Interest-bearing $180.2M17%Noninterest $37.9MQ4 2006Q4 2007

NIM

5.60%Q4 ’056.03%Q4 ’066.17%Q4 ’07-6%-3%

Non-interest income vs. expense

3.02%Q4 ’052.98%Q4 ’063.14%Q4 ’07-2%-3%

Executive Summary

  • Earnings: ROA of 0.76%, up 2 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 77.60% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

0.76%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.62%-12 bps YoY

Efficiency Ratio (quarter, annualized)

69.88%+230 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.75%0.67%0.70%0.67%0.76%+2 bps
Return on Equity5.82%5.33%5.61%5.37%6.09%+27 bps
Net Interest Margin3.74%3.44%3.42%3.50%3.62%-12 bps
Efficiency Ratio67.59%72.00%70.94%71.72%69.88%+230 bps
Non-Interest Burden2.46%2.41%2.34%2.43%2.39%-7 bps
Growth
Asset Growth (YoY)2.62%2.36%3.24%5.42%3.22%+60 bps
Loan Growth (YoY)5.20%8.08%6.01%7.79%3.80%-140 bps
Deposit Growth (YoY)0.31%-1.87%2.63%4.13%4.00%+369 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.23%0.08%0.06%0.16%-1 bps
Allowance / Loans1.36%1.34%1.38%1.39%1.42%+7 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 Capital11.80%11.78%11.94%11.82%12.04%+23 bps
Equity / Assets12.57%12.62%12.51%12.56%12.52%-5 bps
Liquidity & Funding
Loans / Deposits77.76%80.25%77.96%79.77%77.60%-15 bps
Liquid Assets / Assets6.97%6.53%6.40%5.90%5.59%-138 bps
CRE / Total Capitaln/an/an/an/an/an/an/a