Citizens Bank and Trust in Frostproof, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens Bank and Trust - Overview

  • General
  • FDIC Certificate #: 5673
    Status: Active
    Federal Reserve ID: 701839
    Bank Holding Company (Regulatory Top Holder): Citizens Banking Corporation (RSSDID: 3200874, Location: Frostproof, FL)
    Date Established: May 13, 1920
    WWW: http://www.citizens-bank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 16128
    FDIC's unique #: 3859
    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: August 06, 2007
    Last Structure Change Process Date: August 06, 2007
    Last Data Update: August 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 East Wall Street, Frostproof, FL 33843
    County: Polk
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lakeland-Winter Haven, FL (#3980)
    Core Based Statistical Area (CBSA): Lakeland-Winter Haven, FL (#29460)
    CBSA Metro Statistical Area: Lakeland-Winter Haven, FL (#29460)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $429.4 mil
    Equity capital: $34.2 mil
    Deposits held in domestic offices: $378.5 mil
    Return on assets (ROA): 0.63% ($2.7 mil)
    Quarterly return on assets: 0.93% ($4.0 mil)
    Return on Equity (ROE): 8.99% ($3.1 mil)
    Quarterly return on equity: 12.03% ($4.1 mil)
    Net income: $2.9 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.63% ($2,705.3 mil)
    Quarterly Pretax return on assets: 0.93% ($3,993.6 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
  • 137Total employees (full-time equivalent)
  • $429,418Total assets
  • $12,767Cash and due from depository institutions
  • $9,715Interest-bearing balances
  • $81,909Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $311,084Net loans & leases
  • $7,437Loan loss allowance
  • $0Trading account assets
  • $8,301Bank premises and fixed assets
  • $2,573Other real estate owned
  • $871Goodwill and other intangibles
  • $429,418Life insurance assets
  • $11,913All other assets
  • $395,177Total liabilities and capital
  • $378,482Total liabilities
  • $275,456Total deposits
  • $378,482Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 9912.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,700Trading liabilities
  • $0Other borrowed funds
  • $1,083Subordinated debt
  • $34,241All other liabilities
  • $34,241Total equity capital
  • $34,241Total bank equity capital
  • $0Perpetual preferred stock
  • $2,160Common stock
  • $39,571Surplus
  • $-7,490Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,481Income earned, not collected on loans
  • $0Earning assets
  • $1,444Long-term assets (5+ years)
  • $402,708Average Assets, year-to-date
  • $153,631Average Assets, quarterly
  • $457,872Volatile liabilities
  • $444,895Insider loans
  • $298,854FHLB advances
  • $444,152Loans and leases held for sale
  • $6,738Unused loan commitments
  • $3,436Tier 1 (core) risk-based capital
  • $31,203Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,302Total unused commitments
  • $52,908Restructured Loans and leases
  • $2,897Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,183Total interest income
  • $3,978Total interest expense
  • $16,205Net interest income
  • $2,427Provision for loan and lease losses
  • $3,357Total noninterest income
  • $1,117Fiduciary activities
  • $1,222Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,018Additional noninterest income
  • $15,913Total noninterest expense
  • $7,087Salaries and employee benefits
  • $2,635Premises and equipment expense
  • $6,191Additional noninterest expense
  • $1,222Pre-tax net operating income
  • $1,666Securities gains (losses)
  • $0Applicable income taxes
  • $2,888Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,888Net income attributable to bank
  • $0Net charge-offs
  • $2,888Cash dividends
  • $2,755Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 8.99%Return on equity (ROE)
  • 8.99%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 88.09%Credit loss provision to net charge-offs
  • 1.32%Efficiency ratio
  • 80,339Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 26.11%Noncurrent assets plus other real estate owned to assets
  • 7.23%Noncurrent loans to loans
  • 8.94%Net loans and leases to deposits
  • 82.19%Net loans and leases to core deposits
  • 85.90%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.03%Tier 1 risk-based capital ratio
  • 10.44%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $457,872Average earning assets
  • $32,130Average equity
  • $427,971Average 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
  • $115,275Managed Assets
  • 1Number of Accounts
  • $104,393Personal trust and agency accounts
  • $43,839Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $10,794Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $49,514Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $246Non-managed Assets
  • 324Number of Accounts
  • $0Personal trust and agency accounts
  • $10,794Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $10,882Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,119Fiduciary accounts held in foreign offices

List of branches

  • 13 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03859Citizens Bank And Trust2 East Wall Street, Frostproof, FL 33843May 13, 1920Full Service Brick and Mortar
    5361664Haines City Branch1400 U.S. Highway 27 North, Haines City, FL 33844November 09, 2000Full Service Brick and Mortar
    615188Lake Wales Branch222 Highway 60 East, Lake Wales, FL 33853January 31, 1975Full Service Brick and Mortar
    9253715Dundee Branch1013 Highway 542, Dundee, FL 33838Febuary 27, 1987Full Service Brick and Mortar
    10366299Winter Haven Branch1120 First Street South, Winter Haven, FL 33880December 02, 2002Full Service Brick and Mortar
    12441355Chalet Suzanne Branch23725 Highway 27, Lake Wales, FL 33859April 11, 2005Full Service Brick and Mortar
    13448823Auburndale Branch111 Havendale Blvd, Auburndale, FL 33823Febuary 24, 2006Full Service Brick and Mortar
    14458836Messenger Service222 State Road 60 East, Lake Wales, FL 33853January 02, 2007Limited Service Messenger
    15466069Winterset Branch6340 Cypress Gardens Blvd, Winter Haven, FL 33884May 01, 2007Full Service Brick and Mortar
    16470764Edgewood Branch1958 East Edgewood Drive, Lakeland, FL 33803December 03, 2007Full Service Brick and Mortar
    17478942Downtown Lakeland Branch402 South Kentucky Avenue, Lakeland, FL 33801December 24, 2007Full Service Brick and Mortar
    18478943Bartow Office Branch1450 N. Broadway Avenue, Bartow, FL 33830January 28, 2008Full Service Brick and Mortar
    19516196Schalamar Creek Branch4500 Us Highway 92 East, Lakeland, FL 33801November 01, 2010Full Service Brick and Mortar

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