Citizens Bank and Trust Company in Blackstone, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 823
    Status: Active
    Federal Reserve ID: 991621
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp Of Virginia, Inc. (RSSDID: 3219474, Location: Blackstone, VA)
    Date Established: July 15, 1873
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 13361
    FDIC's unique #: 518
    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: 126 South Main Street, Blackstone, VA 23824
    County: Nottoway
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $323.0 mil
    Equity capital: $36.2 mil
    Deposits held in domestic offices: $272.0 mil
    Return on assets (ROA): 1.03% ($3.3 mil)
    Quarterly return on assets: 1.08% ($3.5 mil)
    Return on Equity (ROE): 9.39% ($3.4 mil)
    Quarterly return on equity: 9.59% ($3.5 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.37% ($4,425.2 mil)
    Quarterly Pretax return on assets: 1.47% ($4,748.2 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
  • 108Total employees (full-time equivalent)
  • $323,006Total assets
  • $8,538Cash and due from depository institutions
  • $2,606Interest-bearing balances
  • $79,500Securities
  • $10,445Federal funds sold & reverse repurchase agreements
  • $197,363Net loans & leases
  • $2,352Loan loss allowance
  • $0Trading account assets
  • $6,790Bank premises and fixed assets
  • $7,430Other real estate owned
  • $0Goodwill and other intangibles
  • $323,006Life insurance assets
  • $12,940All other assets
  • $286,770Total liabilities and capital
  • $272,009Total liabilities
  • $234,518Total deposits
  • $272,009Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 6009.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $3,752Subordinated debt
  • $36,236All other liabilities
  • $36,236Total equity capital
  • $36,236Total bank equity capital
  • $0Perpetual preferred stock
  • $1,224Common stock
  • $193Surplus
  • $34,819Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,064Income earned, not collected on loans
  • $0Earning assets
  • $1,596Long-term assets (5+ years)
  • $289,914Average Assets, year-to-date
  • $73,536Average Assets, quarterly
  • $323,858Volatile liabilities
  • $323,038Insider loans
  • $199,346FHLB advances
  • $321,140Loans and leases held for sale
  • $8,446Unused loan commitments
  • $8,446Tier 1 (core) risk-based capital
  • $36,287Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,911Restructured Loans and leases
  • $6,572Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,460Total interest income
  • $3,675Total interest expense
  • $11,785Net interest income
  • $685Provision for loan and lease losses
  • $2,509Total noninterest income
  • $0Fiduciary activities
  • $1,052Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,457Additional noninterest income
  • $9,129Total noninterest expense
  • $5,322Salaries and employee benefits
  • $1,059Premises and equipment expense
  • $2,748Additional noninterest expense
  • $4,480Pre-tax net operating income
  • -$43Securities gains (losses)
  • $1,116Applicable income taxes
  • $3,321Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,321Net income attributable to bank
  • $0Net charge-offs
  • $3,321Cash dividends
  • $501Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.37%Pretax return on assets
  • 9.39%Return on equity (ROE)
  • 4.87%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 136.73%Credit loss provision to net charge-offs
  • 10.31%Efficiency ratio
  • 63,866Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.18%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 113.95%Noncurrent assets plus other real estate owned to assets
  • 2.94%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 72.56%Net loans and leases to core deposits
  • 78.60%Equity capital to assets
  • 11.22%Core capital (leverage) ratio
  • 11.30%Tier 1 risk-based capital ratio
  • 18.20%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $323,858Average earning assets
  • $35,363Average equity
  • $292,894Average loans

List of branches

  • 11 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0518Citizens Bank And Trust Company126 South Main Street, Blackstone, VA 23824July 15, 1873Full Service Brick and Mortar
    1186002Drive-In Branch101 North Main Street, Blackstone, VA 23824July 29, 1966Full Service Brick and Mortar
    2186003Crewe Branch210 Carter Street, Crewe, VA 23930May 31, 1972Full Service Brick and Mortar
    3186004Burkeville Branch102 Second Street, Northeast, Burkeville, VA 23922July 09, 1986Full Service Brick and Mortar
    4186005Amelia Branch9060 North Five Forks Road, Amelia Court House, VA 23002October 21, 1988Full Service Brick and Mortar
    5186006Shopping Center BranchState Routes 40 And 46, Blackstone, VA 23824April 16, 1991Full Service Brick and Mortar
    6186007Farmville Branch1517 West Third Street, Farmville, VA 23901October 27, 1993Full Service Brick and Mortar
    7186008Farmville Branch1712 South Main Street, Farmville, VA 23901October 25, 1996Full Service Brick and Mortar
    8429591Chesterfield Branch10001 Courtview Lane, Chesterfield, VA 23832June 21, 2004Full Service Brick and Mortar
    9441856Colonial Heights Branch497 Southpark Circle, Colonial Heights, VA 23834April 15, 2005Full Service Brick and Mortar
    10465187South Hill Branch622 E. Atlantic Street, South Hill, VA 23970November 30, 2006Full Service Brick and Mortar

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