Citizens Bank in Mount Vernon, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 262
    Status: Active
    Federal Reserve ID: 840019
    Bank Holding Company (Regulatory Top Holder): Rockcastle Bancorp, Inc. (RSSDID: 2262268, Location: Brodhead, KY)
    Date Established: January 01, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14495
    FDIC's unique #: 209
    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: January 01, 1934
    Last Structure Change Effective Date: May 01, 2009
    Last Structure Change Process Date: May 26, 2009
    Last Data Update: May 26, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 411 New Brodhead Road, Mount Vernon, KY 40456
    County: Rockcastle
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Richmond-Berea, KY (#40080)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $132.8 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $104.8 mil
    Return on assets (ROA): 0.49% ($0.7 mil)
    Quarterly return on assets: 1.29% ($1.7 mil)
    Return on Equity (ROE): 4.68% ($0.7 mil)
    Quarterly return on equity: 12.18% ($1.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.49% ($650.5 mil)
    Quarterly Pretax return on assets: 1.29% ($1,712.6 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
  • 40Total employees (full-time equivalent)
  • $132,761Total assets
  • $4,112Cash and due from depository institutions
  • $229Interest-bearing balances
  • $18,573Securities
  • $47Federal funds sold & reverse repurchase agreements
  • $100,564Net loans & leases
  • $1,465Loan loss allowance
  • $0Trading account assets
  • $3,086Bank premises and fixed assets
  • $709Other real estate owned
  • $0Goodwill and other intangibles
  • $132,761Life insurance assets
  • $5,670All other assets
  • $118,628Total liabilities and capital
  • $104,798Total liabilities
  • $95,318Total deposits
  • $104,798Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 1411.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,009Trading liabilities
  • $0Other borrowed funds
  • $410Subordinated debt
  • $14,133All other liabilities
  • $14,133Total equity capital
  • $14,133Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $4,850Surplus
  • $9,133Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,426Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,734Income earned, not collected on loans
  • $0Earning assets
  • $657Long-term assets (5+ years)
  • $119,413Average Assets, year-to-date
  • $28,701Average Assets, quarterly
  • $131,388Volatile liabilities
  • $132,822Insider loans
  • $90,792FHLB advances
  • $131,601Loans and leases held for sale
  • $3,762Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,768Tier 2 risk-based capital
  • $3,762Total risk weighted assets
  • $0Total unused commitments
  • $5,700Restructured Loans and leases
  • $1,729Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,369Total interest income
  • $1,766Total interest expense
  • $5,603Net interest income
  • $1,180Provision for loan and lease losses
  • $781Total noninterest income
  • $0Fiduciary activities
  • $440Service charges on deposit accounts
  • $0Trading account gains & fees
  • $341Additional noninterest income
  • $4,566Total noninterest expense
  • $2,143Salaries and employee benefits
  • $540Premises and equipment expense
  • $1,883Additional noninterest expense
  • $638Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $638Income before extraordinary items
  • $0Extraordinary gains - net
  • $638Net income attributable to bank
  • $0Net charge-offs
  • $638Cash dividends
  • $1,758Sale, conversion, retirement of capital stock, net
  • $546Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 4.68%Return on equity (ROE)
  • 0.68%Retained earnings to average equity (YTD only)
  • 1.70%Net charge-offs to loans
  • 67.12%Credit loss provision to net charge-offs
  • 1.03%Efficiency ratio
  • 71,523Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.58%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 53.58%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 2.68%Net loans and leases to deposits
  • 95.96%Net loans and leases to core deposits
  • 100.97%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 10.46%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $131,388Average earning assets
  • $13,628Average equity
  • $119,006Average loans

List of branches

  • 4 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0209Citizens Bank411 New Brodhead Road, Mount Vernon, KY 40456January 01, 1904Full Service Brick and Mortar
    1181420Mckee Branch166 Highway 421, Mc Kee, KY 40447July 18, 1988Full Service Brick and Mortar
    2181421Brodhead BranchMain Street, Brodhead, KY 40409December 10, 1996Full Service Brick and Mortar
    4492715Somerset Branch112 South Main, Somerset, KY 42501July 13, 2009Full Service Brick and Mortar

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