Citizens State Bank in city_name, state_name - Detailed Financial Reports, Location

Citizens State Bank in Corrigan, Texas (TX)
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Citizens State Bank routing number info

Citizens State Bank - Overview

General
FDIC Certificate #: 11905
Status: Active
Federal Reserve ID: 899651
Bank Holding Company (Regulatory Top Holder): Citizens State Financial Corporation (RSSDID: 1105818, Location: Corrigan, TX)
Date Established: January 01, 1919
WWW: http://www.corriganbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 7603
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 27, 2011
Last Structure Change Process Date: October 27, 2011
Last Data Update: October 27, 2011
Data Source Date: April 05, 2012
Location
Address: 300 North Home Street, Corrigan, TX 75939
County: Polk
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of Changes
Name Change
Financial Summary
Total assets: $105.7 mil
Equity capital: $11.3 mil
Deposits held in domestic offices: $93.6 mil
Return on assets (ROA): 2.15% ($2.3 mil)
Quarterly return on assets: 2.12% ($2.2 mil)
Return on Equity (ROE): 19.96% ($2.2 mil)
Quarterly return on equity: 19.72% ($2.2 mil)
Net income: $2.2 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 2.15% ($2,272.6 mil)
Quarterly Pretax return on assets: 2.12% ($2,240.9 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
29Total employees (full-time equivalent)
$105,704Total assets
$9,577Cash and due from depository institutions
$2,015Interest-bearing balances
$32,125Securities
$5,270Federal funds sold & reverse repurchase agreements
$57,533Net loans & leases
$687Loan loss allowance
$0Trading account assets
$294Bank premises and fixed assets
$33Other real estate owned
$0Goodwill and other intangibles
$105,704Life insurance assets
$872All other assets
$94,426Total liabilities and capital
$93,646Total liabilities
$74,266Total deposits
$93,646Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$780Subordinated debt
$11,278All other liabilities
$11,278Total equity capital
$11,278Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$2,000Surplus
$8,278Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,339Income earned, not collected on loans
$0Earning assets
$471Long-term assets (5+ years)
$96,943Average Assets, year-to-date
$26,719Average Assets, quarterly
$102,843Volatile liabilities
$105,208Insider loans
$61,695FHLB advances
$105,401Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,506Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,873Restructured Loans and leases
$968Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,634Total interest income
$950Total interest expense
$4,684Net interest income
$180Provision for loan and lease losses
$768Total noninterest income
$0Fiduciary activities
$607Service charges on deposit accounts
$0Trading account gains & fees
$161Additional noninterest income
$3,071Total noninterest expense
$1,465Salaries and employee benefits
$458Premises and equipment expense
$1,148Additional noninterest expense
$2,201Pre-tax net operating income
$6Securities gains (losses)
$0Applicable income taxes
$2,207Income before extraordinary items
$0Extraordinary gains - net
$2,207Net income attributable to bank
$0Net charge-offs
$2,207Cash dividends
$140Sale, conversion, retirement of capital stock, net
$1,766Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
1.00%Cost of funding earning assets
4.91%Net interest margin
0.80%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
2.14%Net operating income to assets
2.15%Return on assets (ROA)
2.15%Pretax return on assets
19.96%Return on equity (ROE)
3.99%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
128.57%Credit loss provision to net charge-offs
17.01%Efficiency ratio
56,328Assets per employee
3.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.02%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
51.31%Noncurrent assets plus other real estate owned to assets
1.30%Noncurrent loans to loans
2.30%Net loans and leases to deposits
61.44%Net loans and leases to core deposits
68.26%Equity capital to assets
10.67%Core capital (leverage) ratio
9.97%Tier 1 risk-based capital ratio
17.03%Total risk-based capital ratio
Memoranda
$18Average assets
$102,843Average earning assets
$11,055Average equity
$95,420Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$3,798Managed Assets
1Number of Accounts
$3,798Personal trust and agency accounts
$3,798Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
7Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Texas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	7603	Citizens State Bank	300 North Home Street, Corrigan, TX 75939	January 01, 1919	Full Service Brick and Mortar
1	8904	Groveton Branch	First Street And Devine Avenue, Groveton, TX 75845	January 01, 1902	Full Service Brick and Mortar

Citizens State Bank in Corrigan, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Citizens State Bank in Corrigan, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Citizens State Bank in Corrigan, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches