What are Citizens two largest asset categories? What is its largest liability category? What are values of these accounts? What do these assets and liabilities indicate about the major services offered by Citizens?

What are the largest income and expense categories for Citizens? What are the values of these accounts? Are these categories consistent with your results from the balance sheet? Explain.

What is the Net Interest Margin for Citizens for the last two reporting years? Show all calculations and interpret. b) Assume that Citizens liabilities are more rate sensitive than its assets. What will be the impact on Net Interest Margin if interest rates increase? Explain.

What role does capital play for a depository financial institution? Calculate the level of capital held by Citizens for the two reporting years. Was the firm stronger or weaker on this measure in last year? Explain.

Go to the Balance Sheet. Under Liabilities, note Short-term Borrowings (which include Federal Funds Purchased) and Securities Sold under Agreement to Repurchase (which are simply Repurchase Agreements). Explain the purpose of these two financial instruments used by Citizens. Your answer should include a definition of each money market security.

CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF OPERATIONS CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF OPERATIONS CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME