Citizens State Bank in Vernon, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens State Bank in Vernon, Alabama (AL)
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Citizens State Bank routing number info

Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 22523
    Status: Active
    Federal Reserve ID: 139834
    Bank Holding Company (Regulatory Top Holder): Citizens Southern Bancshares, Inc. (RSSDID: 1142318, Location: Vernon, AL)
    Date Established: September 09, 1977
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 15709
    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: Commercial Lending Specialization
    Date of Deposit Insurance: September 09, 1977
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 315 Columbus Avenue Nw, Vernon, AL 35592
    County: Lamar
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $92.7 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $73.4 mil
    Return on assets (ROA): 0.34% ($0.3 mil)
    Quarterly return on assets: 1.09% ($1.0 mil)
    Return on Equity (ROE): 3.34% ($0.3 mil)
    Quarterly return on equity: 10.00% ($1.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.36% ($333.7 mil)
    Quarterly Pretax return on assets: 1.09% ($1,010.4 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
  • 17Total employees (full-time equivalent)
  • $92,694Total assets
  • $5,202Cash and due from depository institutions
  • $397Interest-bearing balances
  • $29,620Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $53,125Net loans & leases
  • $784Loan loss allowance
  • $0Trading account assets
  • $109Bank premises and fixed assets
  • $485Other real estate owned
  • $0Goodwill and other intangibles
  • $92,694Life insurance assets
  • $1,153All other assets
  • $82,605Total liabilities and capital
  • $73,422Total liabilities
  • $67,977Total deposits
  • $73,422Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $183Subordinated debt
  • $10,089All other liabilities
  • $10,089Total equity capital
  • $10,089Total bank equity capital
  • $0Perpetual preferred stock
  • $38Common stock
  • $562Surplus
  • $9,489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,503Income earned, not collected on loans
  • $0Earning assets
  • $507Long-term assets (5+ years)
  • $86,142Average Assets, year-to-date
  • $32,395Average Assets, quarterly
  • $92,562Volatile liabilities
  • $92,484Insider loans
  • $55,117FHLB advances
  • $91,795Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,885Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,621Restructured Loans and leases
  • $1,005Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,773Total interest income
  • $1,636Total interest expense
  • $3,137Net interest income
  • $746Provision for loan and lease losses
  • $95Total noninterest income
  • $0Fiduciary activities
  • $170Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$75Additional noninterest income
  • $2,272Total noninterest expense
  • $616Salaries and employee benefits
  • $254Premises and equipment expense
  • $1,402Additional noninterest expense
  • $214Pre-tax net operating income
  • $117Securities gains (losses)
  • $18Applicable income taxes
  • $313Income before extraordinary items
  • $0Extraordinary gains - net
  • $313Net income attributable to bank
  • $0Net charge-offs
  • $313Cash dividends
  • $565Sale, conversion, retirement of capital stock, net
  • $58Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.34%Return on equity (ROE)
  • 2.72%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 132.04%Credit loss provision to net charge-offs
  • 1.70%Efficiency ratio
  • 70,297Assets per employee
  • 5.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.53%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 52.16%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 2.79%Net loans and leases to deposits
  • 72.36%Net loans and leases to core deposits
  • 180.10%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 10.77%Tier 1 risk-based capital ratio
  • 17.93%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $92,562Average earning assets
  • $9,375Average equity
  • $86,138Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    015709Citizens State Bank315 Columbus Avenue Nw, Vernon, AL 35592September 09, 1977Full Service Brick and Mortar
    1254835Vernon Branch101 South Pond Street, Vernon, AL 35592March 07, 1991Full Service Brick and Mortar

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