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

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 893
    Status: Active
    Federal Reserve ID: 126834
    Date Established: October 26, 1929
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 571
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 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: 407 Main Street, Carthage, TN 37030
    County: Smith
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $501.1 mil
    Equity capital: $88.8 mil
    Deposits held in domestic offices: $410.6 mil
    Return on assets (ROA): 2.14% ($10.7 mil)
    Quarterly return on assets: 1.73% ($8.7 mil)
    Return on Equity (ROE): 12.71% ($11.3 mil)
    Quarterly return on equity: 9.90% ($8.8 mil)
    Net income: $10.8 mil
    Quarterly Net income: $2.2 mil
    Pretax return on assets: 2.62% ($13,130.1 mil)
    Quarterly Pretax return on assets: 1.84% ($9,221.1 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
  • 84Total employees (full-time equivalent)
  • $501,147Total assets
  • $13,043Cash and due from depository institutions
  • $0Interest-bearing balances
  • $225,315Securities
  • $10,767Federal funds sold & reverse repurchase agreements
  • $236,458Net loans & leases
  • $3,177Loan loss allowance
  • $0Trading account assets
  • $3,930Bank premises and fixed assets
  • $4,489Other real estate owned
  • $19Goodwill and other intangibles
  • $501,147Life insurance assets
  • $7,126All other assets
  • $412,389Total liabilities and capital
  • $410,635Total liabilities
  • $369,745Total deposits
  • $410,635Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,754Subordinated debt
  • $88,758All other liabilities
  • $88,758Total equity capital
  • $88,758Total bank equity capital
  • $0Perpetual preferred stock
  • $10,000Common stock
  • $10,000Surplus
  • $68,758Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,738Income earned, not collected on loans
  • $0Earning assets
  • $4,118Long-term assets (5+ years)
  • $472,540Average Assets, year-to-date
  • $280,615Average Assets, quarterly
  • $503,563Volatile liabilities
  • $501,688Insider loans
  • $325,863FHLB advances
  • $502,530Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $88,665Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,758Restructured Loans and leases
  • $4,427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,058Total interest income
  • $4,001Total interest expense
  • $21,057Net interest income
  • $2,305Provision for loan and lease losses
  • $2,431Total noninterest income
  • $0Fiduciary activities
  • $1,226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,205Additional noninterest income
  • $8,050Total noninterest expense
  • $4,434Salaries and employee benefits
  • $835Premises and equipment expense
  • $2,781Additional noninterest expense
  • $13,133Pre-tax net operating income
  • $57Securities gains (losses)
  • $2,394Applicable income taxes
  • $10,796Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,796Net income attributable to bank
  • $0Net charge-offs
  • $10,796Cash dividends
  • $2,038Sale, conversion, retirement of capital stock, net
  • $7,008Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 1.70%Noninterest expense to earning assets
  • 2.13%Net operating income to assets
  • 2.14%Return on assets (ROA)
  • 2.62%Pretax return on assets
  • 12.71%Return on equity (ROE)
  • 4.46%Retained earnings to average equity (YTD only)
  • 0.82%Net charge-offs to loans
  • 113.10%Credit loss provision to net charge-offs
  • 7.58%Efficiency ratio
  • 34,081Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.91%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 41.06%Noncurrent assets plus other real estate owned to assets
  • 2.44%Noncurrent loans to loans
  • 3.23%Net loans and leases to deposits
  • 57.58%Net loans and leases to core deposits
  • 67.22%Equity capital to assets
  • 17.71%Core capital (leverage) ratio
  • 17.64%Tier 1 risk-based capital ratio
  • 27.21%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $503,563Average earning assets
  • $84,915Average equity
  • $473,318Average 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
  • $556Managed Assets
  • 1Number of Accounts
  • $556Personal trust and agency accounts
  • $556Employee 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
  • 7Number 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

  • 9 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0571Citizens Bank407 Main Street, Carthage, TN 37030October 26, 1929Full Service Brick and Mortar
    1186530Gordonsville BranchNorth Main Street, Gordonsville, TN 38563January 05, 1963Full Service Brick and Mortar
    3186532South Carthage Branch129 Highway 70n, Carthage, TN 37030August 18, 1980Full Service Brick and Mortar
    5186533Carthage Branch346 Highway 25, Carthage, TN 37030May 17, 1990Full Service Brick and Mortar
    6186534West Bockman Way Branch577 West Bockman Way, Sparta, TN 38583Febuary 09, 1995Full Service Brick and Mortar
    7186535Cookeville Branch51 East Jackson Avenue, Cookeville, TN 38501April 22, 1996Full Service Brick and Mortar
    844098Sparta East Branch113 East Bockman Way, Sparta, TN 38583July 24, 1961Full Service Brick and Mortar
    9356846North Spring Street Branch325 North Spring Street, Sparta, TN 38583May 09, 2000Full Service Brick and Mortar
    11503127North Washington Branch900 North Washington Avenue, Cookeville, TN 38501Febuary 03, 2010Full Service Brick and Mortar

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