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Letter portraitLegal landscapeQuarterYTD

Citizens Bank of Norborne

Norborne, MO · Cert 9802

FDIC

Q3 2008

$27.5MAssets
$19.0MLoans
$23.6MDeposits
$3.2MEquity
Deposit mix
84%Interest-bearing $19.9M16%Noninterest $3.7MQ3 2007Q3 2008

NIM

6.39%Q3 ’066.94%Q3 ’075.79%Q3 ’08+7%-18%

Non-interest income vs. expense

2.87%Q3 ’062.81%Q3 ’072.65%Q3 ’08-5%-2%

Executive Summary

  • Earnings: ROA of 0.82%, down 67 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 80.40% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.82%-67 bps YoY

Net Interest Margin (YTD, annualized)

3.78%-83 bps YoY

Efficiency Ratio (YTD, annualized)

65.01%+898 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.49%1.45%1.02%0.92%0.82%-67 bps
Return on Equity11.81%11.72%9.00%8.07%7.16%-465 bps
Net Interest Margin4.61%4.17%3.79%3.74%3.78%-83 bps
Efficiency Ratio56.03%57.35%65.41%65.26%65.01%+898 bps
Non-Interest Burden2.41%2.24%2.36%2.33%2.35%-5 bps
Growth
Asset Growth (YoY)10.46%14.38%22.20%19.29%8.70%-176 bps
Loan Growth (YoY)-5.27%1.10%0.49%-1.62%13.02%+1,828 bps
Deposit Growth (YoY)11.40%16.29%25.60%21.96%10.67%-72 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.04%-0.05%-0.04%-0.03%-10 bps
Allowance / Loans1.05%1.02%1.04%1.08%1.32%+26 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 Capital17.98%18.51%18.61%18.29%17.64%-34 bps
Equity / Assets12.12%11.51%11.13%11.54%11.72%-40 bps
Liquidity & Funding
Loans / Deposits78.73%74.96%69.45%77.94%80.40%+167 bps
Liquid Assets / Assets3.03%2.79%2.63%2.71%2.78%-25 bps
CRE / Total Capitaln/an/an/an/an/an/an/a