FDIC Certificate #: 22358 Status: Active Federal Reserve ID: 571135 Bank Holding Company (Regulatory Top Holder): Citizens Bancshares, Inc. (RSSDID: 1086382, Location: Greensboro, AL) Date Established: November 01, 1976 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14223 FDIC's unique #: 15565 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: November 01, 1976 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: 1301 State Street, Greensboro, AL 36744 County: Hale 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 Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220) CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $104.0 mil Equity capital: $11.0 mil Deposits held in domestic offices: $87.8 mil Return on assets (ROA): 1.26% ($1.3 mil) Quarterly return on assets: 0.81% ($0.8 mil) Return on Equity (ROE): 11.62% ($1.3 mil) Quarterly return on equity: 7.37% ($0.8 mil) Net income: $1.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.66% ($1,726.2 mil) Quarterly Pretax return on assets: 1.22% ($1,268.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$103,987Total assets
$11,788Cash and due from depository institutions
$0Interest-bearing balances
$41,006Securities
$1,035Federal funds sold & reverse repurchase agreements
$47,970Net loans & leases
$459Loan loss allowance
$0Trading account assets
$428Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$103,987Life insurance assets
$1,760All other assets
$93,027Total liabilities and capital
$87,829Total liabilities
$71,033Total deposits
$87,829Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,326Trading liabilities
$0Other borrowed funds
$872Subordinated debt
$10,960All other liabilities
$10,960Total equity capital
$10,960Total bank equity capital
$0Perpetual preferred stock
$35Common stock
$515Surplus
$10,410Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$457Income earned, not collected on loans
$0Earning assets
$850Long-term assets (5+ years)
$90,011Average Assets, year-to-date
$37,707Average Assets, quarterly
$97,716Volatile liabilities
$102,772Insider loans
$57,960FHLB advances
$102,158Loans and leases held for sale
$373Unused loan commitments
$373Tier 1 (core) risk-based capital
$9,987Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,894Restructured Loans and leases
$1,994Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,190Total interest income
$1,241Total interest expense
$2,949Net interest income
$144Provision for loan and lease losses
$290Total noninterest income
$0Fiduciary activities
$207Service charges on deposit accounts
$0Trading account gains & fees
$83Additional noninterest income
$1,499Total noninterest expense
$874Salaries and employee benefits
$189Premises and equipment expense
$436Additional noninterest expense
$1,596Pre-tax net operating income
$27Securities gains (losses)
$392Applicable income taxes
$1,231Income before extraordinary items
$0Extraordinary gains - net
$1,231Net income attributable to bank
$0Net charge-offs
$1,231Cash dividends
$143Sale, conversion, retirement of capital stock, net
$645Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.95%Yield on earning assets
1.47%Cost of funding earning assets
3.48%Net interest margin
0.34%Noninterest income to earning assets
1.77%Noninterest expense to earning assets
1.24%Net operating income to assets
1.26%Return on assets (ROA)
1.66%Pretax return on assets
11.62%Return on equity (ROE)
5.53%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
100.70%Credit loss provision to net charge-offs
12.17%Efficiency ratio
46,280Assets per employee
6.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.40%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
100.44%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.94%Net loans and leases to deposits
54.62%Net loans and leases to core deposits
60.11%Equity capital to assets
10.54%Core capital (leverage) ratio
9.78%Tier 1 risk-based capital ratio
17.23%Total risk-based capital ratio
Memoranda
$18Average assets
$97,716Average earning assets
$10,592Average equity
$84,622Average loans
List of branches
1 Alabama Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15565
The Citizens Bank
1301 State Street, Greensboro, AL 36744
November 01, 1976
Full Service Brick and Mortar
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