Citizens Bank in Corvallis, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 17809
    Status: Active
    Federal Reserve ID: 98463
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp (RSSDID: 2519038, Location: Corvallis, OR)
    Date Established: October 05, 1957
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 11785
    FDIC's unique #: 11757
    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: October 05, 1957
    Last Structure Change Effective Date: Febuary 20, 2009
    Last Structure Change Process Date: Febuary 23, 2009
    Last Data Update: Febuary 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 275 S. W. Third Street, Corvallis, OR 97339
    County: Benton
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Portland
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corvallis, OR (#1890)
    Combined Statistical Area (CSA): Albany-Corvallis-Lebanon, OR (#102)
    Core Based Statistical Area (CBSA): Corvallis, OR (#18700)
    CBSA Metro Statistical Area: Corvallis, OR (#18700)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $448.2 mil
    Equity capital: $55.1 mil
    Deposits held in domestic offices: $356.5 mil
    Return on assets (ROA): 1.10% ($4.9 mil)
    Quarterly return on assets: 1.15% ($5.2 mil)
    Return on Equity (ROE): 8.72% ($4.8 mil)
    Quarterly return on equity: 9.29% ($5.1 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.69% ($7,573.8 mil)
    Quarterly Pretax return on assets: 1.69% ($7,573.8 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
  • 145Total employees (full-time equivalent)
  • $448,156Total assets
  • $79,681Cash and due from depository institutions
  • $65,918Interest-bearing balances
  • $50,045Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $291,210Net loans & leases
  • $3,493Loan loss allowance
  • $0Trading account assets
  • $12,758Bank premises and fixed assets
  • $3,300Other real estate owned
  • $0Goodwill and other intangibles
  • $448,156Life insurance assets
  • $11,162All other assets
  • $393,030Total liabilities and capital
  • $356,459Total liabilities
  • $321,018Total deposits
  • $356,459Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 33055.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25Trading liabilities
  • $0Other borrowed funds
  • $3,491Subordinated debt
  • $55,126All other liabilities
  • $55,126Total equity capital
  • $55,126Total bank equity capital
  • $0Perpetual preferred stock
  • $17,564Common stock
  • $24,508Surplus
  • $13,054Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $561Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,943Income earned, not collected on loans
  • $0Earning assets
  • $1,740Long-term assets (5+ years)
  • $407,173Average Assets, year-to-date
  • $93,221Average Assets, quarterly
  • $434,042Volatile liabilities
  • $449,507Insider loans
  • $334,384FHLB advances
  • $451,156Loans and leases held for sale
  • $4,782Unused loan commitments
  • $3,107Tier 1 (core) risk-based capital
  • $55,079Tier 2 risk-based capital
  • $1,675Total risk weighted assets
  • $0Total unused commitments
  • $65,318Restructured Loans and leases
  • $5,822Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,304Total interest income
  • $877Total interest expense
  • $19,427Net interest income
  • $1,050Provision for loan and lease losses
  • $3,044Total noninterest income
  • $0Fiduciary activities
  • $1,096Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,948Additional noninterest income
  • $14,088Total noninterest expense
  • $8,825Salaries and employee benefits
  • $1,565Premises and equipment expense
  • $3,698Additional noninterest expense
  • $7,333Pre-tax net operating income
  • $8Securities gains (losses)
  • $2,576Applicable income taxes
  • $4,765Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,765Net income attributable to bank
  • $0Net charge-offs
  • $4,765Cash dividends
  • $1,244Sale, conversion, retirement of capital stock, net
  • $1,846Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.22%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 8.72%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 84.41%Credit loss provision to net charge-offs
  • 6.74%Efficiency ratio
  • 62,694Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.74%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 58.78%Noncurrent assets plus other real estate owned to assets
  • 2.06%Noncurrent loans to loans
  • 2.02%Net loans and leases to deposits
  • 81.70%Net loans and leases to core deposits
  • 82.67%Equity capital to assets
  • 12.30%Core capital (leverage) ratio
  • 12.21%Tier 1 risk-based capital ratio
  • 16.47%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $434,042Average earning assets
  • $54,645Average equity
  • $393,962Average loans

List of branches

  • 14 Oregon Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011757Citizens Bank275 S. W. Third Street, Corvallis, OR 97339October 05, 1957Full Service Brick and Mortar
    2242845Circle Boulevard Branch978 N.W. Circle Boulevard, Corvallis, OR 97330April 06, 1970Full Service Brick and Mortar
    3242846Philomath Branch1224 Main Street, Philomath, OR 97370December 09, 1974Full Service Brick and Mortar
    5242848Albany Branch2315 Se 14th Avenue, Albany, OR 97321December 05, 1988Full Service Brick and Mortar
    615916Tri County Branch955 Ivy Street, Junction City, OR 97448January 23, 1979Full Service Brick and Mortar
    8242849Mennonite Home5353 Columbus St Se Cottage 5a, Albany, OR 97321March 12, 1996Limited Service Facility
    9242850Mcminnville Branch455 Northeast Baker Street, Mcminnville, OR 97128April 05, 1999Full Service Brick and Mortar
    10242851West Albany Branch2230 Pacific Boulevard, S.W., Albany, OR 97321January 19, 1999Full Service Brick and Mortar
    11364448Harrisburg Branch230 N 3rd St Suite 101, Harrisburg, OR 97446July 31, 2001Full Service Brick and Mortar
    12365502Dallas Branch583 Jefferson Street, Se, Dallas, OR 97338October 28, 2002Full Service Brick and Mortar
    13423325Springfield Branch2355 Olympic Street, Springfield, OR 97477August 13, 2003Full Service Brick and Mortar
    14467442Lebanon Branch2122 S. Santiam Hwy., Lebanon, OR 97355August 01, 2007Full Service Brick and Mortar
    1579504Silverton Branch217 East Main Street, Silverton, OR 97381April 24, 2000Full Service Brick and Mortar
    16436990Oregon City Branch19245 South Molalla Avenue, Oregon City, OR 97045Febuary 01, 2005Full Service Brick and Mortar

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