FDIC Certificate #: 31042 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank (#14851) Federal Reserve ID: 604275 Date Established: August 08, 1958 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6300 FDIC's unique #: 43876 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 08, 1958 Last Structure Change Effective Date: November 20, 2000 Last Structure Change Process Date: Febuary 22, 2001 Last Data Update: Febuary 22, 2001 Data Source Date: April 05, 2012
Location
Address: State And Edgemont Avenue, Bristol, TN 37621 County: Sullivan Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Knoxville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Johnson City-Kingsport-Bristol, TN-VA (#3660) Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304) Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700) CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
Financial Summary
Total assets: $124.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
51Total employees (full-time equivalent)
$116,231Total assets
$5,256Cash and due from depository institutions
$3,850Interest-bearing balances
$17,075Securities
$0Federal funds sold & reverse repurchase agreements
$87,526Net loans & leases
$215Loan loss allowance
$0Trading account assets
$3,570Bank premises and fixed assets
$7Other real estate owned
$1,346Goodwill and other intangibles
$0Life insurance assets
$1,451All other assets
$116,231Total liabilities and capital
$103,497Total liabilities
$92,610Total deposits
$88,256Interest-bearing deposits
$92,610Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,209Other borrowed funds
$0Subordinated debt
$1,678All other liabilities
$12,734Total equity capital
$12,734Total bank equity capital
$12,734Perpetual preferred stock
$0Common stock
$100Surplus
$6,165Undivided profits
Memoranda
$6,469Noncurrent loans and leases
$5,350Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$208Earning assets
$0Long-term assets (5+ years)
$72Average Assets, year-to-date
$108,451Average Assets, quarterly
$0Volatile liabilities
$116,247Insider loans
$119,464FHLB advances
$24,974Loans and leases held for sale
$0Unused loan commitments
$8,850Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,350Total unused commitments
$0Restructured Loans and leases
$215Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$8,793Total interest income
$4,269Total interest expense
$4,524Net interest income
$85Provision for loan and lease losses
$451Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$451Additional noninterest income
$3,338Total noninterest expense
$2,097Salaries and employee benefits
$727Premises and equipment expense
$514Additional noninterest expense
$1,552Pre-tax net operating income
$480Securities gains (losses)
$806Applicable income taxes
$1,226Income before extraordinary items
$0Extraordinary gains - net
$1,226Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$64Sale, conversion, retirement of capital stock, net
$1,003Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.12%Yield on earning assets
3.94%Cost of funding earning assets
4.18%Net interest margin
0.42%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
0.79%Net operating income to assets
1.05%Return on assets (ROA)
1.75%Pretax return on assets
9.45%Return on equity (ROE)
1.72%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
132.81%Credit loss provision to net charge-offs
25.58%Efficiency ratio
67,095Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.81%Loss allowance to loans
0.25%Loss allowance to noncurrent loans
103.37%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.24%Net loans and leases to deposits
94.51%Net loans and leases to core deposits
113.90%Equity capital to assets
10.96%Core capital (leverage) ratio
11.28%Tier 1 risk-based capital ratio
14.11%Total risk-based capital ratio
Memoranda
$14Average assets
$116,247Average earning assets
$12,971Average equity
$108,325Average loans
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