The Citizens National Bank in Laurel, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • The Citizens National Bank in Laurel, Maryland (MD)
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The Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 4852
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 229427
    Date Established: July 11, 1890
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 24 (Interstate: No)
    FDIC's unique #: 3231
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 517-521 Main Street, Laurel, MD 20707
    County: Prince George's
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $1,481.3 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, 2006)

  • Dollar figures in thousands
  • 228Total employees (full-time equivalent)
  • $1,452,723Total assets
  • $29,861Cash and due from depository institutions
  • $1,419Interest-bearing balances
  • $207,295Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,125,705Net loans & leases
  • $9,786Loan loss allowance
  • $0Trading account assets
  • $14,272Bank premises and fixed assets
  • $0Other real estate owned
  • $51,665Goodwill and other intangibles
  • $6,413Life insurance assets
  • $23,925All other assets
  • $1,452,723Total liabilities and capital
  • $1,293,482Total liabilities
  • $1,160,179Total deposits
  • $867,447Interest-bearing deposits
  • $1,160,179Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $88,153Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $37,000Subordinated debt
  • $8,150All other liabilities
  • $159,241Total equity capital
  • $159,241Total bank equity capital
  • $159,241Perpetual preferred stock
  • $0Common stock
  • $1,340Surplus
  • $52,350Undivided profits
  • Memoranda
  • $105,551Noncurrent loans and leases
  • $301,641Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $45Earning assets
  • $0Long-term assets (5+ years)
  • $5,575Average Assets, year-to-date
  • $1,334,419Average Assets, quarterly
  • $625,640Volatile liabilities
  • $1,387,026Insider loans
  • $1,428,312FHLB advances
  • $310,260Loans and leases held for sale
  • $3,594Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $294Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $301,641Total unused commitments
  • $0Restructured Loans and leases
  • $47,726Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $76,942Total interest income
  • $25,547Total interest expense
  • $51,395Net interest income
  • -$1,156Provision for loan and lease losses
  • $7,827Total noninterest income
  • $0Fiduciary activities
  • $3,709Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,118Additional noninterest income
  • $28,504Total noninterest expense
  • $12,776Salaries and employee benefits
  • $3,952Premises and equipment expense
  • $11,776Additional noninterest expense
  • $31,874Pre-tax net operating income
  • $0Securities gains (losses)
  • $11,795Applicable income taxes
  • $20,079Income before extraordinary items
  • $0Extraordinary gains - net
  • $20,079Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $361Sale, conversion, retirement of capital stock, net
  • $13,504Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.05%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 12.94%Return on equity (ROE)
  • 4.24%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • -320.22%Credit loss provision to net charge-offs
  • 85.09%Efficiency ratio
  • 47,222Assets per employee
  • 6.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.25%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 21746.67%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 97.03%Net loans and leases to core deposits
  • 120.00%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 7.99%Tier 1 risk-based capital ratio
  • 8.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,387,026Average earning assets
  • $155,176Average equity
  • $1,270,843Average loans

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