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Citizens Bank of Cape Vincent

Cape Vincent, NY · Cert 8908

FDIC · 3 branches

Q2 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2022, the quarter ended June 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Citizens Bank of Cape Vincent

Cape Vincent, NY · Cert 8908

FDIC · 3 branches

Q2 2022

$83.0MAssets
$38.4MLoans
$77.8MDeposits
$4.8MEquity
Loan mix
93%RE $30.5M2%C&I $0.6M5%Consumer $1.5MQ2 2021Q2 2022
Deposit mix
73%Interest-bearing $56.8M27%Noninterest $21.0MQ2 2021Q2 2022

NIM

3.35%Q2 ’202.85%Q2 ’212.63%Q2 ’22-12%-7%

Non-interest income vs. expense

2.58%Q2 ’202.33%Q2 ’213.23%Q2 ’22-11%+40%

Market Position · Watertown-Fort Drum, NY · 2022 SOD (annual) · 3.6% share · #6 of 10 inst. · $0.1B of $2.1B

Executive Summary

  • Earnings: ROA of -0.58%, down 106 bps year over year; NIM at 2.55%.
  • Asset quality: problem loans at 1.14% of loans (-25 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.73%, down 68 bps from a year ago.
  • Funding: loans stand at 49.36% of deposits as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.58%-106 bps YoY

Net Interest Margin (YTD, annualized)

2.55%-20 bps YoY

Efficiency Ratio (YTD, annualized)

121.47%+3,961 bps YoY

Tier 1 Leverage Ratio

7.73%-68 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.48%0.40%0.36%-1.38%-0.58%-106 bps
Return on Equity5.36%4.60%4.14%-18.99%-8.56%-1,392 bps
Net Interest Margin2.75%2.67%2.57%2.43%2.55%-20 bps
Efficiency Ratio81.86%83.72%85.54%152.34%121.47%+3,961 bps
Non-Interest Burden2.24%2.22%2.18%3.74%3.12%+89 bps
Growth
Asset Growth (YoY)13.83%14.03%7.99%3.83%0.62%-1,321 bps
Loan Growth (YoY)10.05%7.18%8.59%3.76%-2.65%-1,270 bps
Deposit Growth (YoY)15.91%16.25%9.93%6.34%3.74%-1,217 bps
Asset Quality
Nonperforming Loans / Loans1.39%1.28%1.26%1.26%1.14%-25 bps
Net Charge-Offs / Loans-0.03%0.04%0.03%0.00%0.00%+3 bps
Allowance / Loans1.65%1.57%1.55%1.58%1.65%0 bps
Allowance Coverage of NPLs1.2x1.2x1.2x1.3x1.5x+0.3x
Capital
Tier 1 Leverage Ratio8.41%8.27%8.01%7.38%7.73%-68 bps
Total Risk-Based Capital22.94%22.40%21.98%21.34%22.45%-49 bps
Equity / Assets8.79%8.34%8.13%6.38%5.75%-304 bps
Liquidity & Funding
Loans / Deposits52.59%50.58%52.69%51.02%49.36%-324 bps
Liquid Assets / Assets6.41%6.85%3.69%7.36%10.68%+427 bps
CRE / Total Capitaln/an/an/an/an/an/an/a