The Citizens National Bank in city_name, state_name - Detailed Financial Reports, Location

The Citizens National Bank in Putnam, Connecticut (CT)
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The Citizens National Bank routing number info

The Citizens National Bank - Overview

General
FDIC Certificate #: 2521
Status: Active
Federal Reserve ID: 509400
Bank Holding Company (Regulatory Top Holder): Citizens National Bancorp, Inc. (RSSDID: 1839207, Location: Putnam, CT)
Date Established: November 11, 1924
WWW: http://www.cnbct.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 10336
FDIC's unique #: 1647
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 182 Main Street, Putnam, CT 6260
County: Windham
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Hartford
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
Core Based Statistical Area (CBSA): Willimantic, CT (#48740)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $340.5 mil
Equity capital: $36.1 mil
Deposits held in domestic offices: $198.0 mil
Return on assets (ROA): 0.63% ($2.1 mil)
Quarterly return on assets: 0.78% ($2.7 mil)
Return on Equity (ROE): 5.65% ($2.0 mil)
Quarterly return on equity: 7.16% ($2.6 mil)
Net income: $2.0 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.69% ($2,349.4 mil)
Quarterly Pretax return on assets: 0.95% ($3,234.7 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
63Total employees (full-time equivalent)
$340,491Total assets
$3,932Cash and due from depository institutions
$25Interest-bearing balances
$211,799Securities
$1,715Federal funds sold & reverse repurchase agreements
$93,185Net loans & leases
$2,570Loan loss allowance
$0Trading account assets
$4,154Bank premises and fixed assets
$1,580Other real estate owned
$0Goodwill and other intangibles
$340,491Life insurance assets
$24,126All other assets
$304,404Total liabilities and capital
$198,020Total liabilities
$144,713Total deposits
$198,020Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$100,000Trading liabilities
$0Other borrowed funds
$6,384Subordinated debt
$36,087All other liabilities
$36,087Total equity capital
$36,087Total bank equity capital
$0Perpetual preferred stock
$1,352Common stock
$6,901Surplus
$27,834Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,644Income earned, not collected on loans
$0Earning assets
$1,890Long-term assets (5+ years)
$306,724Average Assets, year-to-date
$215,565Average Assets, quarterly
$312,286Volatile liabilities
$332,878Insider loans
$162,347FHLB advances
$328,845Loans and leases held for sale
$10,366Unused loan commitments
$10,366Tier 1 (core) risk-based capital
$33,715Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,912Restructured Loans and leases
$1,051Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$12,152Total interest income
$2,473Total interest expense
$9,679Net interest income
$618Provision for loan and lease losses
$1,867Total noninterest income
$0Fiduciary activities
$1,085Service charges on deposit accounts
$0Trading account gains & fees
$782Additional noninterest income
$8,915Total noninterest expense
$4,245Salaries and employee benefits
$1,454Premises and equipment expense
$3,216Additional noninterest expense
$2,013Pre-tax net operating income
$134Securities gains (losses)
$194Applicable income taxes
$1,953Income before extraordinary items
$0Extraordinary gains - net
$1,953Net income attributable to bank
$0Net charge-offs
$1,953Cash dividends
$429Sale, conversion, retirement of capital stock, net
$303Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.36%Yield on earning assets
0.89%Cost of funding earning assets
3.48%Net interest margin
0.67%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.59%Net operating income to assets
0.63%Return on assets (ROA)
0.69%Pretax return on assets
5.65%Return on equity (ROE)
4.77%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
144.06%Credit loss provision to net charge-offs
6.13%Efficiency ratio
77,213Assets per employee
5.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.51%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
70.53%Noncurrent assets plus other real estate owned to assets
1.53%Noncurrent loans to loans
3.81%Net loans and leases to deposits
47.06%Net loans and leases to core deposits
50.74%Equity capital to assets
10.60%Core capital (leverage) ratio
10.25%Tier 1 risk-based capital ratio
20.77%Total risk-based capital ratio
Memoranda
$22Average assets
$312,286Average earning assets
$34,590Average equity
$278,421Average loans

Bank Assets Sold and Securitized (December 31, 2010)

Dollar figures in thousands
Principal balance with servicing or other recourse retained
$14,5611-4 family residential loans
$0Home equity lines
$0Credit cards receivables
$0Auto loans
$0Other consumer loans
$3,237Commercial and industrial loans

List of branches

5 Connecticut Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1647	The Citizens National Bank	182 Main Street, Putnam, CT 6260	November 11, 1924	Full Service Brick and Mortar
1	192897	Thompson Branch	865 Riverside Drive, Grosvenordale, CT 6255	July 01, 1965	Full Service Brick and Mortar
2	192898	The Woodstock Branch	148 Route 171, Woodstock, CT 6281	August 29, 1975	Full Service Brick and Mortar
3	192899	Killingly Branch	3 Central Street, Danielson, CT 6239	September 29, 1992	Full Service Brick and Mortar
4	192900	Brooklyn Branch	13 Canterbury Road, Brooklyn, CT 6234	August 19, 1995	Full Service Brick and Mortar

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The Citizens National Bank in Putnam, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2010)

List of branches

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

The Citizens National Bank in Putnam, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Bank Assets Sold and Securitized (December 31, 2010)

List of branches

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

The Citizens National Bank in Putnam, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches