Citizens Bank

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 9777
Address
239 East Main St, Marks, MS 38646
FDIC Unique Number 6260
Federal Reserve ID 729945
Federal Reserve ID for Bank Holding Company 2605249
OCC Charter Number 0
OTS Docket Number 16066
MSA
County Quitman
Website http://www.cbt-co.com
Established On 08/17/1917
Insured On 01/01/1934
Holding Company Cb&T Bancshares, Inc.
Regulator Federal Deposit Insurance Corporation
Asset Concentration Agricultural Specialization
Ownership Type
Domestic Offices 3
Foreign Offices
Bank Charter Class NM - Commercial bank, state charter and Fed nonmember, supervised by the FDIC

Recent Changes

Change in Location
Merge BIF and SAIF Funds into DIF

Financial Snapshot

USD, Thousands
Total Assets 138,684
Total Deposits 99,720
Domestic Deposits 99,720
Bank Equity Capital 13,108
Year to Date Quarterly
Net Income USD, 000 755 348
Return on Assets 0.75% 1.02%
Return on Equity 7.86% 10.71%
Pre-Tax Return on Assets 0.75% 1.02%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Citizens Bank has a texas ratio of 12.95 which puts it at low risk. As of 09/30/2015 the bank had $1,660 Non Current Loans and Leases, $141 Other Real Estate Owned, $13,108 Total Equity Capital and $800 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $1,660 $141 $13,108 $800 12.95
06/30/2015 $1,484 $191 $12,886 $714 12.32
03/31/2015 $2,101 $138 $12,680 $818 16.59
12/31/2014 $1,759 $172 $12,548 $961 14.29
09/30/2014 $2,534 $272 $12,758 $811 20.68
06/30/2014 $1,585 $235 $12,435 $773 13.78
03/31/2014 $1,676 $353 $12,358 $811 15.41
12/31/2013 $1,413 $417 $12,193 $834 14.05
09/30/2013 $1,657 $460 $12,464 $815 15.94
06/30/2013 $1,445 $396 $12,282 $833 14.04
03/31/2013 $973 $611 $11,984 $807 12.38
12/31/2012 $764 $639 $11,843 $760 11.13
09/30/2012 $1,089 $2,785 $12,546 $700 29.25
06/30/2012 $1,825 $2,570 $12,450 $662 33.52
03/31/2012 $1,157 $2,713 $12,472 $621 29.56
12/31/2011 $1,371 $2,475 $12,323 $800 29.31
09/30/2011 $1,595 $2,510 $12,258 $832 31.36
06/30/2011 $1,245 $3,112 $12,139 $887 33.45
03/31/2011 $1,297 $3,022 $11,844 $907 33.87
12/31/2010 $626 $3,066 $12,210 $763 28.46
09/30/2010 $2,666 $1,881 $12,460 $1,164 33.37
06/30/2010 $840 $1,776 $12,547 $985 19.33
03/31/2010 $737 $1,859 $12,145 $1,019 19.72
12/31/2009 $1,278 $1,870 $12,158 $968 23.98
09/30/2009 $627 $1,931 $12,157 $979 19.47
06/30/2009 $582 $1,900 $11,989 $942 19.19
03/31/2009 $924 $1,905 $11,887 $872 22.17

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 36 36 36 35 36 Chart
Total Assets 138,684 132,939 134,188 133,390 123,637 Chart
Cash & Balances due from depository institutions 4,852 3,178 4,924 4,733 2,844 Chart
Interest-bearing balances 121 121 120 120 120 Chart
Securities 26,974 28,505 38,000 30,876 26,356 Chart
Federal funds sold and reverse repurchase 225 0 0 10,525 1,350 Chart
Net loans and leases 96,564 91,669 82,048 78,223 83,494 Chart
Loan loss allowance 800 714 818 961 811 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 1,243 1,286 1,313 1,313 1,328 Chart
Other real estate owned 141 191 138 172 272 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 8,685 8,110 7,765 7,548 7,993 Chart
Total Liabilities and Capital 138,684 132,939 134,188 133,390 123,637 Chart
Total Liabilities 125,576 120,053 121,508 120,842 110,879 Chart
Total deposits 99,720 100,955 105,545 110,219 100,049 Chart
Interest-bearing deposits 76,892 79,364 79,709 83,876 74,581 Chart
Deposits held in domestic offices 99,720 100,955 105,545 110,219 100,049 Chart
% insured (estimated) 82% 81% 81% 80% 84% Chart
Federal funds purchased and repurchase agreements 0 850 3,325 0 0 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 23,686 16,209 10,732 8,754 8,777 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 2,170 2,039 1,906 1,869 2,053 Chart
Total equity capital 13,108 12,886 12,680 12,548 12,758 Chart
Bank equity capital 13,108 12,886 12,680 12,548 12,758 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 513 513 513 513 513 Chart
Surplus 9,748 9,748 9,748 9,748 9,748 Chart
Undivided profits 2,847 2,625 2,419 2,287 2,497 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 1,660 1,484 2,101 1,759 2,534 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 1,721 1,513 1,503 1,419 1,410 Chart
Earning assets 123,884 120,295 120,168 119,744 111,320 Chart
Long-term assets (5+ years) 37,385 36,968 36,451 35,273 35,540 Chart
Average total assets 134,800 133,506 133,789 129,003 127,907 Chart
Average assets, quarterly 135,812 133,564 133,789 128,514 124,099 Chart
Total risk weighted assets adjusted 119,892 117,207 114,047 111,715 112,110 Chart
Adjusted average assets for leverage capital purposes 135,833 129,245 132,295 127,343 124,354 Chart
Life insurance assets 5,221 5,185 5,149 5,113 5,077 Chart
General account life insurance assets 2,666 2,645 2,625 0 0 Chart
Separate account life insurance assets 0 0 0 5,113 5,077 Chart
Hybrid life insurance assets 2,555 2,540 2,524 0 0 Chart
Volatile liabilities 28,595 22,215 17,741 12,427 10,127 Chart
Insider loans 3,114 3,034 2,898 3,027 2,964 Chart
FHLB advances 23,686 16,209 10,732 8,754 8,777 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 14,926 19,332 24,292 19,296 13,655 Chart
Tier one (core) capital 11,327 11,096 8,162 12,319 12,509 Chart
Tier 2 Risk-based capital 800 714 818 961 811 Chart
Total unused commitments 14,926 19,332 24,292 19,296 13,655 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 3,934 2,513 1,195 4,857 3,599 Chart
Total interest expense 391 257 127 518 393 Chart
Net interest income 3,543 2,256 1,068 4,339 3,206 Chart
Provision for loan and lease losses 292 195 97 348 141 Chart
Total noninterest income 739 485 247 1,038 764 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 472 303 149 703 520 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 267 182 98 335 244 Chart
Total noninterest expense 3,235 2,139 1,086 4,175 3,083 Chart
Salaries and employee benefits 1,652 1,100 548 2,134 1,561 Chart
Premises and equipment expense 468 314 155 565 402 Chart
Additional noninterest expense 1,115 725 383 1,476 1,120 Chart
Pre-tax net operating income 755 407 132 854 746 Chart
Securities gains (losses) 0 0 0 0 0 Chart
Applicable income taxes 0 0 0 0 0 Chart
Income before extraordinary items 755 407 132 854 746 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 755 407 132 854 746 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 755 407 132 854 746 Chart
Net charge-offs 453 442 240 221 164 Chart
Cash dividends 195 69 0 499 181 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 755 407 132 854 746 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 26,974 28,505 38,000 30,876 26,356 Chart
U.S. Government securities 13,644 14,252 23,130 15,656 10,904 Chart
U.S. Treasury securities 0 0 14,000 0 0 Chart
U.S. Government agency obligations 13,644 14,252 9,130 15,656 10,904 Chart
Securities issued by states & political subdivisions 6,293 7,169 7,744 8,057 8,252 Chart
Other domestic debt securities 7,037 7,084 7,126 7,163 7,200 Chart
Privately issued residential mortgage-backed securities 652 698 717 734 768 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 5,385 5,385 5,408 5,427 5,429 Chart
Other domestic debt securities - All other 1,000 1,001 1,001 1,002 1,003 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 16,339 17,858 25,970 19,023 13,826 Chart
Mortgage-backed securities 5,642 5,996 6,391 6,656 6,928 Chart
Certificates of participation in pools of residential mortgages 2,920 3,109 3,323 3,473 3,612 Chart
Issued or guaranteed by U.S. 2,920 3,109 3,323 3,473 3,612 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 2,722 2,887 3,068 3,183 3,316 Chart
CMOs issued by government agencies or sponsored agencies 2,070 2,189 2,351 2,449 2,548 Chart
Privately issued 652 698 717 734 768 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 26,974 28,505 38,000 30,876 26,356 Chart
Available-for-sale securities (fair market value) 0 0 0 0 0 Chart
Total debt securities 24,650 26,703 35,658 27,444 22,924 Chart
Structured Notes
Amortized cost 0 5,000 0 0 0 Chart
Fair value 0 4,994 0 0 0 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 4.33% 4.19% 3.98% 4.21% 4.19% Chart
Cost of funding earning assets 0.43% 0.43% 0.42% 0.45% 0.46% Chart
Net interest margin 3.90% 3.76% 3.56% 3.76% 3.74% Chart
Noninterest income to average assets 0.73% 0.73% 0.74% 0.80% 0.80% Chart
Noninterest expense to average assets 3.20% 3.20% 3.25% 3.24% 3.21% Chart
Loan and lease loss provision to assets 0.29% 0.29% 0.29% 0.27% 0.15% Chart
Net operating income to assets 0.75% 0.61% 0.39% 0.66% 0.78% Chart
Return on assets (ROA) 0.75% 0.61% 0.39% 0.66% 0.78% Chart
Pretax return on assets 0.75% 0.61% 0.39% 0.66% 0.78% Chart
Return on Equity (ROE) 7.86% 6.41% 4.19% 6.85% 8.00% Chart
Retained earnings to average equity (YTD only) 5.83% 5.32% 4.19% 2.85% 6.06% Chart
Net charge-offs to loans 0.69% 1.04% 1.18% 0.29% 0.28% Chart
Credit loss provision to net charge-offs 64.46% 44.12% 40.42% 157.47% 85.98% Chart
Earnings coverage of net charge-offs (x) 2.31% 1.36% 0.95% 5.44% 5.41% Chart
Efficiency ratio 75.55% 78.04% 82.59% 77.65% 77.66% Chart
Assets per employee ($millions) 3.85% 3.69% 3.73% 3.81% 3.43% Chart
Cash dividends to net income (YTD only) 25.83% 16.95% 0.00% 58.43% 24.26% Chart
Condition Ratios (%)
Loss allowance to loans 0.82% 0.77% 0.99% 1.21% 0.96% Chart
Loan loss allowance to noncurrent loans 48.19% 48.11% 38.93% 54.63% 32.00% Chart
Noncurrent assets plus other real estate owned to assets 2.97% 2.62% 3.41% 4.02% 5.05% Chart
Noncurrent loans to loans 1.70% 1.61% 2.54% 2.22% 3.01% Chart
Net loans and leases to total assets 69.63% 68.96% 61.14% 58.64% 67.53% Chart
Net loans and leases to deposits 96.84% 90.80% 77.74% 70.97% 83.45% Chart
Net loans and leases to core deposits 104.82% 98.47% 84.47% 76.85% 90.83% Chart
Total domestic deposits to total assets 71.90% 75.94% 78.65% 82.63% 80.92% Chart
Equity capital to assets 9.45% 9.69% 9.45% 9.41% 10.32% Chart
Core capital (leverage) ratio 8.34% 8.59% 6.17% 9.67% 10.06% Chart
Tier 1 risk-based capital ratio 9.45% 9.47% 7.16% 11.03% 11.16% Chart
Total risk-based capital ratio 10.11% 10.08% 7.87% 11.89% 11.88% Chart
Memoranda
Average total assets 134,800 133,506 133,789 129,003 127,907 Chart
Average earning assets 121,023 120,069 119,956 115,461 114,391 Chart
Average equity 12,806 12,705 12,614 12,458 12,436 Chart
Average loans 87,949 84,811 81,025 77,356 76,899 Chart