Citizens Bank in Elizabethton, Tennessee (TN), VA
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 14851
    Status: Active
    Federal Reserve ID: 778738
    Bank Holding Company (Regulatory Top Holder): Citco Community Bancshares, Inc. (RSSDID: 2244545, Location: Elizabethton, TN)
    Date Established: November 03, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: Yes)
    OTS Docket #: 12187
    FDIC's unique #: 9296
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 03, 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: 300 Broad Street, Elizabethton, TN 37643
    County: Carter
    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): Johnson City, TN (#27740)
    CBSA Metro Statistical Area: Johnson City, TN (#27740)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $608.7 mil
    Equity capital: $82.2 mil
    Deposits held in domestic offices: $499.0 mil
    Return on assets (ROA): 1.47% ($9.0 mil)
    Quarterly return on assets: 1.02% ($6.2 mil)
    Return on Equity (ROE): 11.20% ($9.2 mil)
    Quarterly return on equity: 7.35% ($6.0 mil)
    Net income: $8.9 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.57% ($9,556.1 mil)
    Quarterly Pretax return on assets: 1.03% ($6,269.3 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, 2011)

  • Dollar figures in thousands
  • 155Total employees (full-time equivalent)
  • $608,670Total assets
  • $22,479Cash and due from depository institutions
  • $100Interest-bearing balances
  • $144,789Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $415,292Net loans & leases
  • $7,491Loan loss allowance
  • $0Trading account assets
  • $9,498Bank premises and fixed assets
  • $4,054Other real estate owned
  • $3,303Goodwill and other intangibles
  • $608,670Life insurance assets
  • $9,255All other assets
  • $526,463Total liabilities and capital
  • $498,980Total liabilities
  • $437,788Total deposits
  • $498,980Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 9077.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,094Trading liabilities
  • $0Other borrowed funds
  • $3,312Subordinated debt
  • $82,207All other liabilities
  • $82,207Total equity capital
  • $82,207Total bank equity capital
  • $0Perpetual preferred stock
  • $28,604Common stock
  • $0Surplus
  • $53,603Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $6,506Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,147Income earned, not collected on loans
  • $0Earning assets
  • $2,990Long-term assets (5+ years)
  • $560,181Average Assets, year-to-date
  • $154,026Average Assets, quarterly
  • $603,530Volatile liabilities
  • $602,233Insider loans
  • $319,703FHLB advances
  • $594,763Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $75,292Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $50,123Restructured Loans and leases
  • $8,643Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,200Total interest income
  • $4,482Total interest expense
  • $22,718Net interest income
  • $3,596Provision for loan and lease losses
  • $4,721Total noninterest income
  • $41Fiduciary activities
  • $1,411Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,269Additional noninterest income
  • $15,287Total noninterest expense
  • $8,028Salaries and employee benefits
  • $2,716Premises and equipment expense
  • $4,543Additional noninterest expense
  • $8,556Pre-tax net operating income
  • $924Securities gains (losses)
  • $624Applicable income taxes
  • $8,856Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,856Net income attributable to bank
  • $0Net charge-offs
  • $8,856Cash dividends
  • $3,928Sale, conversion, retirement of capital stock, net
  • $4,860Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.12%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 11.20%Return on equity (ROE)
  • 5.05%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 91.55%Credit loss provision to net charge-offs
  • 3.09%Efficiency ratio
  • 55,684Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.88%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 61.67%Noncurrent assets plus other real estate owned to assets
  • 2.66%Noncurrent loans to loans
  • 2.87%Net loans and leases to deposits
  • 83.23%Net loans and leases to core deposits
  • 86.07%Equity capital to assets
  • 13.51%Core capital (leverage) ratio
  • 12.66%Tier 1 risk-based capital ratio
  • 23.55%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $603,530Average earning assets
  • $79,071Average equity
  • $551,540Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $9,542Managed Assets
  • 1Number of Accounts
  • $7,380Personal trust and agency accounts
  • $7,211Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $169Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 12Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,162Other retirement accounts
  • $98Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 11 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09296Citizens Bank300 Broad Street, Elizabethton, TN 37643November 03, 1934Full Service Brick and Mortar
    2232284Hampton BranchU.S. Highway 321 & Dennis Cove Road, Hampton, TN 37658October 05, 1970Full Service Brick and Mortar
    3232285Bemberg Road BranchWest D And West E Streets, Elizabethton, TN 37643May 07, 1973Full Service Brick and Mortar
    632619Kingsport Branch2240 East Stone Drive, Kingsport, TN 37662May 28, 1985Full Service Brick and Mortar
    9232289Colonial Heights Branch4215 Fort Henry Drive, Kingsport, TN 37663Febuary 07, 1994Full Service Brick and Mortar
    10230176Allandale BranchU.S. Highway 11w And University Blvd, Church Hill, TN 37642January 05, 1976Full Service Brick and Mortar
    11230178Kingsport Branch101 East Main Street, Kingsport, TN 37662October 09, 1990Full Service Brick and Mortar
    12232290Peoples Street Branch3028 Peoples Street, Johnson City, TN 37605November 25, 1996Full Service Brick and Mortar
    14359042University Branch1811 West State Of Franklin, Johnson City, TN 37605January 08, 2001Full Service Brick and Mortar
    1543876State Street BranchState And Edgemont Avenue, Bristol, TN 37621August 08, 1958Full Service Brick and Mortar
    16283210Volunteer Parkway And Vance Drive BrVolunteer Pkwy. & Vance Dr., Bristol, TN 37620August 08, 1958Full Service Brick and Mortar
  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    18362183Bonham Road Branch110 Bonham Road, Bristol, VA 24202November 20, 2000Full Service Brick and Mortar

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