Citizens Bank and Trust Company in Blackstone, Virginia (VA)

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Citizens Bank and Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)108
Total assets$323,006
Cash and due from depository institutions$8,538
Interest-bearing balances$2,606
Federal funds sold & reverse repurchase agreements$10,445
Net loans & leases$197,363
Loan loss allowance $2,352
Trading account assets$0
Bank premises and fixed assets$6,790
Other real estate owned$7,430
Goodwill and other intangibles$0
All other assets$12,940
Life insurance assets$323,006
Total liabilities and capital$286,770
Total liabilities$272,009
Total deposits$234,518
Interest-bearing deposits$272,009
Deposits held in domestic offices$86
% insured (estimated)6009.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $3,752
All other liabilities $36,236
Total equity capital$36,236
Total bank equity capital$36,236
Perpetual preferred stock$0
Common stock$1,224
Undivided profits $34,819
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,064
Earning assets $0
Long-term assets (5+ years) $1,596
Average Assets, year-to-date $289,914
Average Assets, quarterly $73,536
Volatile liabilities $323,858
Insider loans $323,038
FHLB advances $199,346
Loans and leases held for sale $321,140
Unused loan commitments $8,446
Tier 1 (core) risk-based capital $8,446
Tier 2 risk-based capital $36,287
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,911
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,460
Total interest expense $3,675
Net interest income $11,785
Provision for loan and lease losses $685
Total noninterest income $2,509
Fiduciary activities $0
Service charges on deposit accounts $1,052
Trading account gains & fees $0
Additional noninterest income $1,457
Total noninterest expense $9,129
Salaries and employee benefits $5,322
Premises and equipment expense $1,059
Additional noninterest expense $2,748
Pre-tax net operating income $4,480
Securities gains (losses) -$43
Applicable income taxes $1,116
Income before extraordinary items $3,321
Extraordinary gains - net $0
Net income attributable to bank $3,321
Net charge-offs $0
Cash dividends $3,321
Sale, conversion, retirement of capital stock, net $501
Net operating income $1,600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.28%
Cost of funding earning assets 1.25%
Net interest margin 4.02%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 3.12%
Net operating income to assets 1.04%
Return on assets (ROA) 1.03%
Pretax return on assets 1.37%
Return on equity (ROE) 9.39%
Retained earnings to average equity (YTD only) 4.87%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 136.73%
Efficiency ratio10.31%
Assets per employee$63,866
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans 48.18%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 113.95%
Noncurrent loans to loans 2.94%
Net loans and leases to deposits1.03%
Net loans and leases to core deposits 72.56%
Equity capital to assets 78.60%
Core capital (leverage) ratio 11.22%
Tier 1 risk-based capital ratio 11.30%
Total risk-based capital ratio 18.20%
Average assets$19
Average earning assets$323,858
Average equity $35,363
Average loans $292,894
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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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