Citizens' Bank & Trust Co. in Van Buren, Arkansas (AR)
| Citizens' Bank & Trust Co. | |
|---|---|
| General | FDIC Certificate #: 8738 Status: Active Federal Reserve ID: 192147 Bank Holding Company (Regulatory Top Holder): First Bank Corp (RSSDID: 1491360, Location: Fort Smith, AR) Date Established: May 01, 1886 WWW: http://www.cbankandtrust.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Domestic: 7, Interstate: No) FDIC's unique #: 5566 Numeric code: 13 Regulator: FED 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: 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: 3110 Alma Highway, Van Buren, AR 72956 County: Crawford Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Fort Smith, AR-OK (#2720) Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900) CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $368.7 mil Equity capital: $37.6 mil Deposits held in domestic offices: $322.9 mil Return on assets (ROA): 1.39% ($5.1 mil) Quarterly return on assets: 1.34% ($4.9 mil) Return on Equity (ROE): 13.59% ($5.2 mil) Quarterly return on equity: 12.84% ($4.9 mil) Net income: $5.1 mil Quarterly Net income: $1.2 mil Pretax return on assets: 1.93% ($7,115.3 mil) Quarterly Pretax return on assets: 1.58% ($5,825.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 107 |
| Total assets | $368,670 |
| Cash and due from depository institutions | $18,242 |
| Interest-bearing balances | $13,494 |
| Securities | $107,227 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $223,464 |
| Loan loss allowance | $4,413 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,098 |
| Other real estate owned | $3,676 |
| Goodwill and other intangibles | $477 |
| All other assets | $11,486 |
| Life insurance assets | $368,670 |
| Total liabilities and capital | $331,030 |
| Total liabilities | $322,905 |
| Total deposits | $280,537 |
| Interest-bearing deposits | $322,905 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 4001.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,914 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,210 |
| All other liabilities | $37,640 |
| Total equity capital | $37,640 |
| Total bank equity capital | $37,640 |
| Perpetual preferred stock | $0 |
| Common stock | $400 |
| Surplus | $2,100 |
| Undivided profits | $35,140 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $3,652 |
| Income earned, not collected on loans | $5,676 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,066 |
| Average Assets, year-to-date | $344,185 |
| Average Assets, quarterly | $58,461 |
| Volatile liabilities | $363,967 |
| Insider loans | $364,930 |
| FHLB advances | $230,694 |
| Loans and leases held for sale | $366,013 |
| Unused loan commitments | $2,940 |
| Tier 1 (core) risk-based capital | $2,940 |
| Tier 2 risk-based capital | $36,531 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $22,010 |
| Derivatives | $4,897 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $17,293 |
| Total interest expense | $2,583 |
| Net interest income | $14,710 |
| Provision for loan and lease losses | $1,800 |
| Total noninterest income | $2,412 |
| Fiduciary activities | $60 |
| Service charges on deposit accounts | $1,640 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $712 |
| Total noninterest expense | $8,337 |
| Salaries and employee benefits | $5,424 |
| Premises and equipment expense | $866 |
| Additional noninterest expense | $2,047 |
| Pre-tax net operating income | $6,985 |
| Securities gains (losses) | $24 |
| Applicable income taxes | $1,956 |
| Income before extraordinary items | $5,053 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,053 |
| Net charge-offs | $0 |
| Cash dividends | $5,053 |
| Sale, conversion, retirement of capital stock, net | $1,112 |
| Net operating income | $3,400 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.09% |
| Cost of funding earning assets | 0.76% |
| Net interest margin | 4.33% |
| Noninterest income to earning assets | 0.71% |
| Noninterest expense to earning assets | 2.46% |
| Net operating income to assets | 1.38% |
| Return on assets (ROA) | 1.39% |
| Pretax return on assets | 1.93% |
| Return on equity (ROE) | 13.59% |
| Retained earnings to average equity (YTD only) | 4.44% |
| Net charge-offs to loans | 0.48% |
| Credit loss provision to net charge-offs | 161.87% |
| Efficiency ratio | 7.90% |
| Assets per employee | $48,692 |
| Cash dividends to net income (YTD only) | 3.45% |
| Condition Ratios (%) | |
| Loss allowance to loans | 67.29% |
| Loss allowance to noncurrent loans | 1.94% |
| Noncurrent assets plus other real estate owned to assets | 77.75% |
| Noncurrent loans to loans | 2.54% |
| Net loans and leases to deposits | 2.49% |
| Net loans and leases to core deposits | 69.20% |
| Equity capital to assets | 90.62% |
| Core capital (leverage) ratio | 10.21% |
| Tier 1 risk-based capital ratio | 9.98% |
| Total risk-based capital ratio | 15.84% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $363,967 |
| Average equity | $37,189 |
| Average loans | $339,448 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $7,800 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $7,800 |
| Employee benefit-defined contribution accounts | $1,832 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $2,025 |
| Other fiduciary accounts | $2 |
| Fiduciary accounts held in foreign offices | $3,941 |
| Non-managed Assets | $0 |
| Number of Accounts | 56 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 7 Arkansas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5566 | Citizens' Bank & Trust Co. | 3110 Alma Highway, Van Buren, AR 72956 | May 01, 1886 | Full Service Brick and Mortar |  |
| 1 | 218889 | Mountainburg Branch | Main Street, Mountainburg, AR 72946 | November 26, 1971 | Full Service Brick and Mortar |  |
| 4 | 218892 | North Hills Branch | 1519 Fayetteville Road, Van Buren, AR 72956 | May 31, 1977 | Full Service Brick and Mortar | |
| 8 | 264403 | Alma Branch | 200 Hwy 71, Alma, AR 72921 | January 01, 1920 | Full Service Brick and Mortar | |
| 9 | 218895 | Northridge Drive Branch | 4 Northridge Drive, Van Buren, AR 72956 | March 22, 1999 | Full Service Brick and Mortar | |
| 10 | 181066 | Downtown Branch | 617 Broadway Street, Van Buren, AR 72956 | September 13, 1994 | Full Service Brick and Mortar | |
| 11 | 422490 | Internet Banking Branch | 3110 Alma Highway, Van Buren, AR 72956 | July 01, 2002 | Full Service Cyber | |
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