Citizens Savings Bank in Clarks Summit, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens Savings Bank in Clarks Summit, Pennsylvania (PA)
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Citizens Savings Bank - Overview

  • General
  • FDIC Certificate #: 31184
    Status: Active
    Federal Reserve ID: 828473
    Date Established: January 01, 1902
    WWW: http://www.citizens-savings.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 6503
    FDIC's unique #: 44018
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 20, 1961
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 South State Street, Clarks Summit, PA 18411
    County: Lackawanna
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Scranton--Wilkes-Barre--Hazleton, PA (#7560)
    Core Based Statistical Area (CBSA): Scranton-Wilkes-Barre, PA (#42540)
    CBSA Metro Statistical Area: Scranton-Wilkes-Barre, PA (#42540)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $329.7 mil
    Equity capital: $37.6 mil
    Deposits held in domestic offices: $279.6 mil
    Return on assets (ROA): 0.70% ($2.3 mil)
    Quarterly return on assets: 0.85% ($2.8 mil)
    Return on Equity (ROE): 6.35% ($2.4 mil)
    Quarterly return on equity: 7.57% ($2.9 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.04% ($3,428.7 mil)
    Quarterly Pretax return on assets: 1.23% ($4,055.0 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, 2011)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $329,678Total assets
  • $21,529Cash and due from depository institutions
  • $19,494Interest-bearing balances
  • $64,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $227,809Net loans & leases
  • $812Loan loss allowance
  • $0Trading account assets
  • $5,490Bank premises and fixed assets
  • $216Other real estate owned
  • $0Goodwill and other intangibles
  • $329,678Life insurance assets
  • $10,355All other assets
  • $292,078Total liabilities and capital
  • $279,596Total liabilities
  • $265,984Total deposits
  • $279,596Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,008Trading liabilities
  • $0Other borrowed funds
  • $2,474Subordinated debt
  • $37,600All other liabilities
  • $37,600Total equity capital
  • $37,600Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $37,600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,622Income earned, not collected on loans
  • $0Earning assets
  • $1,053Long-term assets (5+ years)
  • $311,582Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $328,618Volatile liabilities
  • $331,356Insider loans
  • $156,798FHLB advances
  • $328,493Loans and leases held for sale
  • $6,058Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,818Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,788Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,713Total interest income
  • $3,167Total interest expense
  • $10,546Net interest income
  • $103Provision for loan and lease losses
  • $809Total noninterest income
  • $0Fiduciary activities
  • $388Service charges on deposit accounts
  • $0Trading account gains & fees
  • $421Additional noninterest income
  • $7,823Total noninterest expense
  • $4,847Salaries and employee benefits
  • $1,659Premises and equipment expense
  • $1,317Additional noninterest expense
  • $3,429Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,119Applicable income taxes
  • $2,310Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,310Net income attributable to bank
  • $0Net charge-offs
  • $2,310Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.51%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 6.35%Return on equity (ROE)
  • 6.35%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 127.16%Credit loss provision to net charge-offs
  • 43.60%Efficiency ratio
  • 68,895Assets per employee
  • 3.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.36%Loss allowance to noncurrent loans
  • 22.42%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.58%Net loans and leases to deposits
  • 81.48%Net loans and leases to core deposits
  • 83.58%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 11.21%Tier 1 risk-based capital ratio
  • 23.48%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $328,618Average earning assets
  • $36,355Average equity
  • $311,379Average loans

List of branches

  • 7 Pennsylvania Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044018Citizens Savings Bank500 South State Street, Clarks Summit, PA 18411January 01, 1902Full Service Brick and Mortar
    1283762Southside Branch702 Cedar Ave, Scranton, PA 18505January 01, 1902Full Service Brick and Mortar
    2283764Taylor Branch137 South Main St, Taylor, PA 18517January 01, 1902Full Service Brick and Mortar
    3283765West Side Branch156 South Main Avenue, Scranton, PA 18504January 01, 1902Full Service Brick and Mortar
    5283766Center City BranchLackawanna And Wyoming Avenues, Scranton, PA 18503January 01, 1902Full Service Brick and Mortar
    10044501Honesdale Branch335 Willow Ave, Honesdale, PA 18431January 01, 1922Full Service Brick and Mortar
    116495256Mount Pocono Branch45 Pocono Blvd, Mount Pocono, PA 18344July 01, 2003Full Service Brick and Mortar

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