Citizens Savings Bank and Trust Company - Overview
General
FDIC Certificate #: 14169 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Bank (#14158) Federal Reserve ID: 296102 Date Established: January 01, 1886 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 12027 FDIC's unique #: 8845 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: March 31, 1934 Last Structure Change Effective Date: May 16, 2003 Last Structure Change Process Date: June 20, 2003 Last Data Update: June 20, 2003 Data Source Date: April 05, 2012
Location
Address: 364 Railroad Street, Saint Johnsbury, VT 5819 County: Caledonia Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Springfield Ma Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast
Financial Summary
Total assets: $103.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
46Total employees (full-time equivalent)
$103,719Total assets
$9,521Cash and due from depository institutions
$5,429Interest-bearing balances
$16,440Securities
$0Federal funds sold & reverse repurchase agreements
$75,009Net loans & leases
$1,105Loan loss allowance
$0Trading account assets
$1,413Bank premises and fixed assets
$22Other real estate owned
$24Goodwill and other intangibles
$0Life insurance assets
$1,290All other assets
$103,719Total liabilities and capital
$92,487Total liabilities
$90,070Total deposits
$79,192Interest-bearing deposits
$90,070Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,895Other borrowed funds
$0Subordinated debt
$522All other liabilities
$11,232Total equity capital
$11,232Total bank equity capital
$11,232Perpetual preferred stock
$0Common stock
$152Surplus
$1,193Undivided profits
Memoranda
$9,887Noncurrent loans and leases
$12,870Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$704Earning assets
$90Long-term assets (5+ years)
$545Average Assets, year-to-date
$96,878Average Assets, quarterly
$31,071Volatile liabilities
$104,985Insider loans
$105,480FHLB advances
$9,942Loans and leases held for sale
$192Unused loan commitments
$1,895Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,031Total risk weighted assets
$12,870Total unused commitments
$30Restructured Loans and leases
$887Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$6,948Total interest income
$2,296Total interest expense
$4,652Net interest income
$200Provision for loan and lease losses
$722Total noninterest income
$169Fiduciary activities
$280Service charges on deposit accounts
$0Trading account gains & fees
$273Additional noninterest income
$3,511Total noninterest expense
$1,954Salaries and employee benefits
$430Premises and equipment expense
$1,127Additional noninterest expense
$1,663Pre-tax net operating income
-$3Securities gains (losses)
$546Applicable income taxes
$1,114Income before extraordinary items
$0Extraordinary gains - net
$1,114Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$130Sale, conversion, retirement of capital stock, net
$1,265Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.06%Yield on earning assets
2.33%Cost of funding earning assets
4.73%Net interest margin
0.73%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
1.06%Net operating income to assets
1.06%Return on assets (ROA)
1.58%Pretax return on assets
9.95%Return on equity (ROE)
-1.35%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
153.85%Credit loss provision to net charge-offs
14.33%Efficiency ratio
65,333Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.55%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
156.96%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
0.92%Net loans and leases to deposits
83.28%Net loans and leases to core deposits
93.61%Equity capital to assets
10.83%Core capital (leverage) ratio
10.17%Tier 1 risk-based capital ratio
15.33%Total risk-based capital ratio
Memoranda
$17Average assets
$104,985Average earning assets
$11,194Average equity
$98,416Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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