Citizens Bank in New Tazewell, Tennessee (TN), SC
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens Bank - Overview

  • General
  • FDIC Certificate #: 1695
    Status: Active
    Federal Reserve ID: 898533
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp, Inc. (RSSDID: 1084744, Location: New Tazewell, TN)
    Date Established: January 01, 1912
    WWW: http://www.citizensbanktn.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 10678
    FDIC's unique #: 1117
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 08, 2010
    Last Structure Change Process Date: July 08, 2010
    Last Data Update: July 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 South Broad Street, New Tazewell, TN 37825
    County: Claiborne
    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
  • Financial Summary
  • Total assets: $152.6 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $138.3 mil
    Return on assets (ROA): 0.02% ($0.0 mil)
    Quarterly return on assets: 0.49% ($0.7 mil)
    Return on Equity (ROE): 0.19% ($0.0 mil)
    Quarterly return on equity: 5.62% ($0.7 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.02% ($30.5 mil)
    Quarterly Pretax return on assets: 0.49% ($747.8 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
  • 57Total employees (full-time equivalent)
  • $152,614Total assets
  • $7,212Cash and due from depository institutions
  • $4,613Interest-bearing balances
  • $23,742Securities
  • $6,488Federal funds sold & reverse repurchase agreements
  • $107,220Net loans & leases
  • $1,200Loan loss allowance
  • $0Trading account assets
  • $4,013Bank premises and fixed assets
  • $1,234Other real estate owned
  • $0Goodwill and other intangibles
  • $152,614Life insurance assets
  • $2,705All other assets
  • $139,227Total liabilities and capital
  • $138,331Total liabilities
  • $115,121Total deposits
  • $138,331Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14Trading liabilities
  • $0Other borrowed funds
  • $882Subordinated debt
  • $13,387All other liabilities
  • $13,387Total equity capital
  • $13,387Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $7,625Surplus
  • $5,262Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,218Income earned, not collected on loans
  • $0Earning assets
  • $539Long-term assets (5+ years)
  • $142,063Average Assets, year-to-date
  • $33,782Average Assets, quarterly
  • $154,054Volatile liabilities
  • $154,075Insider loans
  • $109,664FHLB advances
  • $156,640Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,730Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,620Restructured Loans and leases
  • $546Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,450Total interest income
  • $1,302Total interest expense
  • $6,148Net interest income
  • $674Provision for loan and lease losses
  • $618Total noninterest income
  • $0Fiduciary activities
  • $423Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $6,194Total noninterest expense
  • $2,929Salaries and employee benefits
  • $765Premises and equipment expense
  • $2,500Additional noninterest expense
  • -$102Pre-tax net operating income
  • $127Securities gains (losses)
  • $0Applicable income taxes
  • $25Income before extraordinary items
  • $0Extraordinary gains - net
  • $25Net income attributable to bank
  • $0Net charge-offs
  • $25Cash dividends
  • $778Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • -0.07%Net operating income to assets
  • 0.02%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 0.19%Return on equity (ROE)
  • 0.19%Retained earnings to average equity (YTD only)
  • 0.72%Net charge-offs to loans
  • 86.63%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 91,546Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 23.00%Noncurrent assets plus other real estate owned to assets
  • 4.23%Noncurrent loans to loans
  • 4.81%Net loans and leases to deposits
  • 77.51%Net loans and leases to core deposits
  • 81.28%Equity capital to assets
  • 8.77%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 11.61%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $154,054Average earning assets
  • $13,051Average equity
  • $143,471Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $112Managed Assets
  • 1Number of Accounts
  • $112Personal trust and agency accounts
  • $112Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 South Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4418836Citizens Loan Branch420 East Park Avenue, Suite 304, Greenville, SC 29601March 31, 2003Limited Service Loan Production
  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01117Citizens Bank130 South Broad Street, New Tazewell, TN 37825January 01, 1912Full Service Brick and Mortar
    1189998Harrogate Branch7100 Cumberland Gap Highway, Harrogate, TN 37752November 27, 1953Full Service Brick and Mortar
    2189999Tazewell Branch1682 North Broad Street, Tazewell, TN 37879December 04, 1978Full Service Brick and Mortar
    3190000Bean Station Branch2250 Broadway Drive, Bean Station, TN 37708October 20, 1997Full Service Brick and Mortar
    5419017Morristown Branch2571 East Morris Boulevard, Morristown, TN 37813March 03, 2003Full Service Brick and Mortar

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