Citizens Bank in Slaton, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 15591
    Status: Active
    Federal Reserve ID: 253262
    Bank Holding Company (Regulatory Top Holder): Lubco Bancshares, Inc. (RSSDID: 1103159, Location: Slaton, TX)
    Date Established: October 13, 1932
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11087
    FDIC's unique #: 9877
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 04, 1938
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: April 17, 2008
    Last Data Update: April 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 Texas Avenue, Slaton, TX 79364
    County: Lubbock
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $303.9 mil
    Equity capital: $23.0 mil
    Deposits held in domestic offices: $279.1 mil
    Return on assets (ROA): 1.19% ($3.6 mil)
    Quarterly return on assets: 1.15% ($3.5 mil)
    Return on Equity (ROE): 15.96% ($3.7 mil)
    Quarterly return on equity: 14.87% ($3.4 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.19% ($3,616.1 mil)
    Quarterly Pretax return on assets: 1.15% ($3,494.5 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
  • 61Total employees (full-time equivalent)
  • $303,870Total assets
  • $9,945Cash and due from depository institutions
  • $3,453Interest-bearing balances
  • $103,844Securities
  • $14,296Federal funds sold & reverse repurchase agreements
  • $157,777Net loans & leases
  • $1,754Loan loss allowance
  • $0Trading account assets
  • $9,329Bank premises and fixed assets
  • $680Other real estate owned
  • $84Goodwill and other intangibles
  • $303,870Life insurance assets
  • $7,915All other assets
  • $280,865Total liabilities and capital
  • $279,051Total liabilities
  • $235,458Total deposits
  • $279,051Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 1303.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $511Subordinated debt
  • $23,005All other liabilities
  • $23,005Total equity capital
  • $23,005Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $10,000Surplus
  • $12,005Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $317Income earned, not collected on loans
  • $0Earning assets
  • $2,213Long-term assets (5+ years)
  • $279,370Average Assets, year-to-date
  • $105,482Average Assets, quarterly
  • $281,120Volatile liabilities
  • $293,970Insider loans
  • $176,794FHLB advances
  • $296,058Loans and leases held for sale
  • $3,270Unused loan commitments
  • $2,756Tier 1 (core) risk-based capital
  • $21,639Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $514Total unused commitments
  • $25,764Restructured Loans and leases
  • $3,059Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,404Total interest income
  • $3,141Total interest expense
  • $9,263Net interest income
  • $140Provision for loan and lease losses
  • $1,290Total noninterest income
  • $0Fiduciary activities
  • $901Service charges on deposit accounts
  • $0Trading account gains & fees
  • $389Additional noninterest income
  • $7,018Total noninterest expense
  • $3,676Salaries and employee benefits
  • $1,511Premises and equipment expense
  • $1,831Additional noninterest expense
  • $3,395Pre-tax net operating income
  • -$40Securities gains (losses)
  • $19Applicable income taxes
  • $3,336Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,336Net income attributable to bank
  • $0Net charge-offs
  • $3,336Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $1,380Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 15.96%Return on equity (ROE)
  • 9.36%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 368.42%Credit loss provision to net charge-offs
  • 93.03%Efficiency ratio
  • 66,502Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.37%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 553.31%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 56.54%Net loans and leases to core deposits
  • 60.61%Equity capital to assets
  • 7.57%Core capital (leverage) ratio
  • 7.31%Tier 1 risk-based capital ratio
  • 12.24%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $281,120Average earning assets
  • $20,908Average equity
  • $258,168Average loans

List of branches

  • 5 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09877Citizens Bank103 Texas Avenue, Slaton, TX 79364October 13, 1932Full Service Brick and Mortar
    1234584Post Branch210 North Broadway, Post, TX 79356October 06, 1993Full Service Brick and Mortar
    23756Shamrock Branch711 North Main Street, Shamrock, TX 79079January 01, 1904Full Service Brick and Mortar
    3443179Lubbock Branch6602 Quaker Avenue, Lubbock, TX 79413August 26, 2004Full Service Brick and Mortar
    4465881Lubbock 82nd Street Branch7207 82nd Street, Lubbock, TX 79424June 25, 2007Full Service Brick and Mortar

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