Citizens Southern Bank, Inc. in Beckley, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2000

Citizens Southern Bank, Inc. in Beckley, West Virginia (WV)
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Citizens Southern Bank, Inc. - Overview

General
FDIC Certificate #: 34030
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Community Bank (#13012)
Federal Reserve ID: 2309631
Date Established: June 12, 1995
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14449
FDIC's unique #: 55608
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: June 12, 1995
Last Structure Change Effective Date: November 01, 2000
Last Structure Change Process Date: Febuary 15, 2001
Last Data Update: Febuary 15, 2001
Data Source Date: April 05, 2012
Location
Address: 111 Citizens Drive, Beckley, WV 25801
County: Raleigh
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Scott Depot
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Beckley-Oak Hill, WV (#138)
Core Based Statistical Area (CBSA): Beckley, WV (#13220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $68.0 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, 1999)

Dollar figures in thousands
24Total employees (full-time equivalent)
$64,550Total assets
$2,589Cash and due from depository institutions
$140Interest-bearing balances
$16,911Securities
$404Federal funds sold & reverse repurchase agreements
$42,199Net loans & leases
$530Loan loss allowance
$0Trading account assets
$1,609Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$838All other assets
$64,550Total liabilities and capital
$59,608Total liabilities
$53,381Total deposits
$47,446Interest-bearing deposits
$53,381Deposits held in domestic offices
0.00%% insured (estimated)
$248Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,750Other borrowed funds
$0Subordinated debt
$229All other liabilities
$4,942Total equity capital
$4,942Total bank equity capital
$4,942Perpetual preferred stock
$0Common stock
$2,500Surplus
$2,500Undivided profits
Memoranda
$-58Noncurrent loans and leases
$4,253Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$73Earning assets
$70Long-term assets (5+ years)
$201Average Assets, year-to-date
$59,654Average Assets, quarterly
$14,075Volatile liabilities
$56,207Insider loans
$61,559FHLB advances
$18,576Loans and leases held for sale
$3,152Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,253Total unused commitments
$0Restructured Loans and leases
$497Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$3,847Total interest income
$2,159Total interest expense
$1,688Net interest income
$204Provision for loan and lease losses
$180Total noninterest income
$0Fiduciary activities
$92Service charges on deposit accounts
$0Trading account gains & fees
$88Additional noninterest income
$1,431Total noninterest expense
$724Salaries and employee benefits
$258Premises and equipment expense
$449Additional noninterest expense
$233Pre-tax net operating income
-$4Securities gains (losses)
$79Applicable income taxes
$150Income before extraordinary items
$0Extraordinary gains - net
$150Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.35%Yield on earning assets
4.12%Cost of funding earning assets
3.22%Net interest margin
0.34%Noninterest income to earning assets
2.73%Noninterest expense to earning assets
0.27%Net operating income to assets
0.27%Return on assets (ROA)
0.41%Pretax return on assets
2.99%Return on equity (ROE)
2.99%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
1275.00%Credit loss provision to net charge-offs
27.31%Efficiency ratio
76,606Assets per employee
2.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
726.03%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.17%Net loans and leases to deposits
79.05%Net loans and leases to core deposits
103.42%Equity capital to assets
7.66%Core capital (leverage) ratio
8.54%Tier 1 risk-based capital ratio
13.23%Total risk-based capital ratio
Memoranda
$14Average assets
$56,207Average earning assets
$5,015Average equity
$52,370Average loans

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