Citizens Bank, Inc. in Salisbury, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2001

  • Citizens Bank, Inc. in Salisbury, North Carolina (NC)
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Citizens Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 28172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens South Bank (#28833)
    Federal Reserve ID: 676777
    Date Established: January 01, 1907
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 15554
    FDIC's unique #: 41006
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 07, 1936
    Last Structure Change Effective Date: December 31, 2001
    Last Structure Change Process Date: January 18, 2002
    Last Data Update: January 18, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 West Innes Street, Salisbury, NC 28144
    County: Rowan
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Charlotte-Gastonia-Rock Hill, NC-SC (#1520)
    Combined Statistical Area (CSA): Charlotte-Gastonia-Salisbury, NC-SC (#172)
    Core Based Statistical Area (CBSA): Salisbury, NC (#41580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $218.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $210,144Total assets
  • $4,016Cash and due from depository institutions
  • $2,027Interest-bearing balances
  • $3,671Securities
  • $3,865Federal funds sold & reverse repurchase agreements
  • $188,625Net loans & leases
  • $1,224Loan loss allowance
  • $0Trading account assets
  • $2,317Bank premises and fixed assets
  • $151Other real estate owned
  • $75Goodwill and other intangibles
  • $0Life insurance assets
  • $7,424All other assets
  • $210,144Total liabilities and capital
  • $185,671Total liabilities
  • $165,615Total deposits
  • $164,618Interest-bearing deposits
  • $165,615Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $5,056All other liabilities
  • $24,473Total equity capital
  • $24,473Total bank equity capital
  • $24,473Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $6,340Undivided profits
  • Memoranda
  • $18,132Noncurrent loans and leases
  • $25,404Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,951Earning assets
  • $0Long-term assets (5+ years)
  • $949Average Assets, year-to-date
  • $198,188Average Assets, quarterly
  • $0Volatile liabilities
  • $202,945Insider loans
  • $209,980FHLB advances
  • $39,801Loans and leases held for sale
  • $0Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,404Total unused commitments
  • $48Restructured Loans and leases
  • $1,224Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $15,024Total interest income
  • $9,149Total interest expense
  • $5,875Net interest income
  • $0Provision for loan and lease losses
  • $359Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $359Additional noninterest income
  • $4,467Total noninterest expense
  • $2,648Salaries and employee benefits
  • $801Premises and equipment expense
  • $1,018Additional noninterest expense
  • $1,767Pre-tax net operating income
  • $22Securities gains (losses)
  • $679Applicable income taxes
  • $1,110Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,110Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $308Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.88%Yield on earning assets
  • 4.80%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 4.36%Return on equity (ROE)
  • 3.15%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,655Assets per employee
  • 5.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.75%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 62.74%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 113.89%Net loans and leases to core deposits
  • 133.95%Equity capital to assets
  • 11.65%Core capital (leverage) ratio
  • 11.63%Tier 1 risk-based capital ratio
  • 18.49%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $202,945Average earning assets
  • $25,468Average equity
  • $190,734Average loans

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