Citizens Bank & Trust Company in Covington, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Citizens Bank & Trust Company in Covington, Louisiana (LA)
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Citizens Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 16417
    Status: Active
    Federal Reserve ID: 384830
    Date Established: December 31, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 10592
    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: May 10, 1946
    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: 222 New Hampshire Street, Covington, LA 70433
    County: St. Tammany
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): New Orleans, LA (#5560)
    Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
    Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380)
    CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $110.2 mil
    Equity capital: $11.6 mil
    Deposits held in domestic offices: $98.0 mil
    Return on assets (ROA): 0.29% ($0.3 mil)
    Quarterly return on assets: 0.21% ($0.2 mil)
    Return on Equity (ROE): 2.81% ($0.3 mil)
    Quarterly return on equity: 2.04% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.36% ($396.7 mil)
    Quarterly Pretax return on assets: 0.33% ($363.6 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
  • 41Total employees (full-time equivalent)
  • $110,196Total assets
  • $20,579Cash and due from depository institutions
  • $17,438Interest-bearing balances
  • $16,874Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,683Net loans & leases
  • $1,282Loan loss allowance
  • $0Trading account assets
  • $3,687Bank premises and fixed assets
  • $3,952Other real estate owned
  • $0Goodwill and other intangibles
  • $110,196Life insurance assets
  • $1,421All other assets
  • $98,604Total liabilities and capital
  • $98,025Total liabilities
  • $72,201Total deposits
  • $98,025Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $579Subordinated debt
  • $11,592All other liabilities
  • $11,592Total equity capital
  • $11,592Total bank equity capital
  • $2,655Perpetual preferred stock
  • $1,200Common stock
  • $3,800Surplus
  • $3,937Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $351Income earned, not collected on loans
  • $0Earning assets
  • $341Long-term assets (5+ years)
  • $97,995Average Assets, year-to-date
  • $9,439Average Assets, quarterly
  • $110,407Volatile liabilities
  • $109,895Insider loans
  • $67,556FHLB advances
  • $109,044Loans and leases held for sale
  • $456Unused loan commitments
  • $456Tier 1 (core) risk-based capital
  • $11,361Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,089Restructured Loans and leases
  • $1,025Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,733Total interest income
  • $569Total interest expense
  • $4,164Net interest income
  • $0Provision for loan and lease losses
  • $401Total noninterest income
  • $0Fiduciary activities
  • $232Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $4,164Total noninterest expense
  • $2,196Salaries and employee benefits
  • $604Premises and equipment expense
  • $1,364Additional noninterest expense
  • $401Pre-tax net operating income
  • $0Securities gains (losses)
  • $78Applicable income taxes
  • $323Income before extraordinary items
  • $0Extraordinary gains - net
  • $323Net income attributable to bank
  • $0Net charge-offs
  • $323Cash dividends
  • $239Sale, conversion, retirement of capital stock, net
  • $131Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 1.67%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.68%Efficiency ratio
  • 91,216Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.56%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 365.24%Noncurrent assets plus other real estate owned to assets
  • 3.90%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 64.97%Net loans and leases to core deposits
  • 66.79%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 16.82%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $110,407Average earning assets
  • $11,489Average equity
  • $98,436Average 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
  • $378Managed Assets
  • 1Number of Accounts
  • $378Personal trust and agency accounts
  • $320Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $58Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number 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

  • 5 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010592Citizens Bank & Trust Company222 New Hampshire Street, Covington, LA 70433December 31, 1945Full Service Brick and Mortar
    4238052Abita Springs Branch22109 Level St., Abita Springs, LA 70420May 08, 1976Full Service Brick and Mortar
    5238053Barker's Corner Branch79030 Hwy 437, Covington, LA 70435May 01, 1979Limited Service Facility
    6238054Mandeville BranchMessena Street & East Causeway Boule, Mandeville, LA 70448October 10, 1980Full Service Brick and Mortar
    7423308Highway 25 Branch73021 Highway 25, Covington, LA 70435November 19, 2003Full Service Brick and Mortar

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