FDIC Certificate #: 17454 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens National Bank, N.A. (#26381) Federal Reserve ID: 702751 Date Established: June 20, 1955 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 12899 FDIC's unique #: 11443 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 20, 1955 Last Structure Change Effective Date: November 03, 2011 Last Structure Change Process Date: December 05, 2011 Last Data Update: December 05, 2011 Data Source Date: April 05, 2012
Location
Address: 106 South Main Street, Springhill, LA 71075 County: Webster Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Shreveport Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Shreveport-Bossier City, LA (#7680) Combined Statistical Area (CSA): Shreveport-Bossier City-Minden, LA (#508) Core Based Statistical Area (CBSA): Minden, LA (#33380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $173.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2010)
Dollar figures in thousands
64Total employees (full-time equivalent)
$154,619Total assets
$4,858Cash and due from depository institutions
$715Interest-bearing balances
$50,270Securities
$0Federal funds sold & reverse repurchase agreements
$89,001Net loans & leases
$854Loan loss allowance
$0Trading account assets
$4,660Bank premises and fixed assets
$61Other real estate owned
$0Goodwill and other intangibles
$3,670Life insurance assets
$5,769All other assets
$154,619Total liabilities and capital
$141,321Total liabilities
$139,531Total deposits
$108,786Interest-bearing deposits
$139,531Deposits held in domestic offices
91.65%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,790All other liabilities
$13,298Total equity capital
$13,298Total bank equity capital
$13,298Perpetual preferred stock
$0Common stock
$258Surplus
$5,242Undivided profits
Memoranda
$7,798Noncurrent loans and leases
$12,320Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$562Earning assets
$9Long-term assets (5+ years)
$767Average Assets, year-to-date
$139,986Average Assets, quarterly
$30,472Volatile liabilities
$153,323Insider loans
$154,214FHLB advances
$32,459Loans and leases held for sale
$5,089Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,320Total unused commitments
$0Restructured Loans and leases
$854Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$7,165Total interest income
$1,305Total interest expense
$5,860Net interest income
$240Provision for loan and lease losses
$1,622Total noninterest income
$0Fiduciary activities
$887Service charges on deposit accounts
$0Trading account gains & fees
$735Additional noninterest income
$5,640Total noninterest expense
$3,300Salaries and employee benefits
$629Premises and equipment expense
$1,711Additional noninterest expense
$1,602Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,602Income before extraordinary items
$0Extraordinary gains - net
$1,602Net income attributable to bank
$0Net charge-offs
$1,602Cash dividends
$20Sale, conversion, retirement of capital stock, net
$495Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.18%Yield on earning assets
0.94%Cost of funding earning assets
4.24%Net interest margin
1.17%Noninterest income to earning assets
4.08%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
12.69%Return on equity (ROE)
8.77%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1200.00%Credit loss provision to net charge-offs
92.10%Efficiency ratio
75,381Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.90%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
151.96%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.63%Net loans and leases to deposits
63.79%Net loans and leases to core deposits
83.12%Equity capital to assets
8.60%Core capital (leverage) ratio
8.06%Tier 1 risk-based capital ratio
12.17%Total risk-based capital ratio
Memoranda
$13Average assets
$153,323Average earning assets
$12,619Average equity
$138,262Average loans
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