Citizens State Bank in Kingsland, Georgia (GA), FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens State Bank in Kingsland, Georgia (GA), FL
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Citizens State Bank routing number info

Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 19753
    Status: Active
    Federal Reserve ID: 695732
    Bank Holding Company (Regulatory Top Holder): South Banking Company (RSSDID: 1081622, Location: Alma, GA)
    Date Established: Febuary 24, 1947
    WWW: http://www.csbofkingsland.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 13549
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 20, 1967
    Last Structure Change Effective Date: August 04, 2008
    Last Structure Change Process Date: August 26, 2008
    Last Data Update: August 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 East King Avenue, Kingsland, GA 31548
    County: Camden
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): St. Marys, GA (#41220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Office Purchased
  • Financial Summary
  • Total assets: $69.6 mil
    Equity capital: $4.7 mil
    Deposits held in domestic offices: $63.6 mil
    Return on assets (ROA): -2.10% (-$1.5 mil)
    Quarterly return on assets: -3.16% (-$2.2 mil)
    Return on Equity (ROE): -27.73% (-$1.4 mil)
    Quarterly return on equity: -45.35% (-$2.3 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -3.47% (-$2,413.7 mil)
    Quarterly Pretax return on assets: -5.38% (-$3,742.2 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
  • 21Total employees (full-time equivalent)
  • $69,558Total assets
  • $8,460Cash and due from depository institutions
  • $7,296Interest-bearing balances
  • $2,739Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,586Net loans & leases
  • $1,448Loan loss allowance
  • $0Trading account assets
  • $4,276Bank premises and fixed assets
  • $6,209Other real estate owned
  • $400Goodwill and other intangibles
  • $69,558Life insurance assets
  • $3,888All other assets
  • $64,882Total liabilities and capital
  • $63,616Total liabilities
  • $56,349Total deposits
  • $63,616Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $266Subordinated debt
  • $4,676All other liabilities
  • $4,676Total equity capital
  • $4,676Total bank equity capital
  • $0Perpetual preferred stock
  • $194Common stock
  • $8,500Surplus
  • $-4,018Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,542Income earned, not collected on loans
  • $0Earning assets
  • $218Long-term assets (5+ years)
  • $53,621Average Assets, year-to-date
  • $5,081Average Assets, quarterly
  • $73,363Volatile liabilities
  • $71,113Insider loans
  • $53,548FHLB advances
  • $70,437Loans and leases held for sale
  • $132Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,653Tier 2 risk-based capital
  • $132Total risk weighted assets
  • $0Total unused commitments
  • $721Restructured Loans and leases
  • $157Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,797Total interest income
  • $746Total interest expense
  • $2,051Net interest income
  • $1,185Provision for loan and lease losses
  • -$398Total noninterest income
  • $0Fiduciary activities
  • $276Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$674Additional noninterest income
  • $3,011Total noninterest expense
  • $1,034Salaries and employee benefits
  • $619Premises and equipment expense
  • $1,358Additional noninterest expense
  • -$2,543Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,006Applicable income taxes
  • -$1,537Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,537Net income attributable to bank
  • $0Net charge-offs
  • -$1,537Cash dividends
  • $1,108Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.76%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.49%Net interest margin
  • -0.68%Noninterest income to earning assets
  • 5.12%Noninterest expense to earning assets
  • -2.10%Net operating income to assets
  • -2.10%Return on assets (ROA)
  • -3.47%Pretax return on assets
  • -27.73%Return on equity (ROE)
  • -27.73%Retained earnings to average equity (YTD only)
  • 2.31%Net charge-offs to loans
  • 106.95%Credit loss provision to net charge-offs
  • -1.23%Efficiency ratio
  • 176,104Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.22%Loss allowance to noncurrent loans
  • 19.20%Noncurrent assets plus other real estate owned to assets
  • 19.77%Noncurrent loans to loans
  • 16.75%Net loans and leases to deposits
  • 68.51%Net loans and leases to core deposits
  • 74.05%Equity capital to assets
  • 6.72%Core capital (leverage) ratio
  • 5.19%Tier 1 risk-based capital ratio
  • 6.82%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $73,363Average earning assets
  • $5,544Average equity
  • $58,761Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    6423389Downtown Fernandina Beach Branch715 Centre Street, Fernandina Beach, FL 32034November 05, 2003Full Service Brick and Mortar
  • 2 Georgia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    013549Citizens State Bank201 East King Avenue, Kingsland, GA 31548Febuary 24, 1947Full Service Brick and Mortar
    2448970Kings Bay Branch120 Kings Bay Road, Saint Marys, GA 31558March 09, 2006Full Service Brick and Mortar

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