Citizens Bank of Lafayette in Lafayette, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens Bank of Lafayette in Lafayette, Tennessee (TN)
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Citizens Bank of Lafayette - Overview

  • General
  • FDIC Certificate #: 1711
    Status: Active
    Federal Reserve ID: 63733
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorp Investment, Inc. (RSSDID: 1140239, Location: Lafayette, TN)
    Date Established: July 01, 1909
    WWW: http://www.citizens-bank.org
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 1126
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 16, 2009
    Last Structure Change Process Date: November 20, 2009
    Last Data Update: November 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Highway 52 By-Pass West, Lafayette, TN 37083
    County: Macon
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $441.8 mil
    Equity capital: $44.0 mil
    Deposits held in domestic offices: $369.5 mil
    Return on assets (ROA): 1.08% ($4.8 mil)
    Quarterly return on assets: 0.98% ($4.3 mil)
    Return on Equity (ROE): 11.45% ($5.0 mil)
    Quarterly return on equity: 9.86% ($4.3 mil)
    Net income: $4.6 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.32% ($5,831.9 mil)
    Quarterly Pretax return on assets: 1.17% ($5,169.2 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
  • 126Total employees (full-time equivalent)
  • $441,812Total assets
  • $11,254Cash and due from depository institutions
  • $1,406Interest-bearing balances
  • $189,684Securities
  • $2,279Federal funds sold & reverse repurchase agreements
  • $217,191Net loans & leases
  • $3,219Loan loss allowance
  • $0Trading account assets
  • $4,035Bank premises and fixed assets
  • $2,114Other real estate owned
  • $2,164Goodwill and other intangibles
  • $441,812Life insurance assets
  • $13,091All other assets
  • $397,841Total liabilities and capital
  • $369,523Total liabilities
  • $322,129Total deposits
  • $369,523Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,412Trading liabilities
  • $0Other borrowed funds
  • $2,906Subordinated debt
  • $43,971All other liabilities
  • $43,971Total equity capital
  • $43,971Total bank equity capital
  • $0Perpetual preferred stock
  • $830Common stock
  • $2,230Surplus
  • $40,911Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $422Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,783Income earned, not collected on loans
  • $0Earning assets
  • $3,382Long-term assets (5+ years)
  • $410,560Average Assets, year-to-date
  • $145,133Average Assets, quarterly
  • $430,696Volatile liabilities
  • $438,668Insider loans
  • $243,143FHLB advances
  • $432,743Loans and leases held for sale
  • $7,249Unused loan commitments
  • $5,672Tier 1 (core) risk-based capital
  • $38,550Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,577Total unused commitments
  • $22,884Restructured Loans and leases
  • $1,319Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,757Total interest income
  • $4,925Total interest expense
  • $13,832Net interest income
  • $1,073Provision for loan and lease losses
  • $3,652Total noninterest income
  • $0Fiduciary activities
  • $2,340Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,312Additional noninterest income
  • $10,626Total noninterest expense
  • $6,212Salaries and employee benefits
  • $1,320Premises and equipment expense
  • $3,094Additional noninterest expense
  • $5,785Pre-tax net operating income
  • -$116Securities gains (losses)
  • $1,032Applicable income taxes
  • $4,637Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,637Net income attributable to bank
  • $0Net charge-offs
  • $4,637Cash dividends
  • $780Sale, conversion, retirement of capital stock, net
  • $2,170Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 2.68%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 11.45%Return on equity (ROE)
  • 6.09%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 137.56%Credit loss provision to net charge-offs
  • 8.79%Efficiency ratio
  • 59,815Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.80%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 36.65%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 3.98%Net loans and leases to deposits
  • 58.78%Net loans and leases to core deposits
  • 61.85%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 15.85%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $430,696Average earning assets
  • $40,488Average equity
  • $396,437Average loans

List of branches

  • 11 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01126Citizens Bank Of Lafayette400 Highway 52 By-Pass West, Lafayette, TN 37083July 01, 1909Full Service Brick and Mortar
    1190023Hermitage Springs BranchHighway 52, Red Boiling Springs, TN 37150November 08, 1976Full Service Brick and Mortar
    24113East Lake Avenue BranchEast Lake Aveneu, Celina, TN 38551July 01, 1909Full Service Brick and Mortar
    3208707Scottsville Road BranchScottsville And Williams Roads, Lafayette, TN 37083November 09, 1974Full Service Brick and Mortar
    4208708Red Boiling Springs BranchHighways 52 And 56, Red Boiling Springs, TN 37150May 21, 1977Full Service Brick and Mortar
    5190024Westmoreland BranchHighway 31 And Highway 52, Westmoreland, TN 37186June 20, 1987Full Service Brick and Mortar
    6978Carthage Branch101 Main Street, Carthage, TN 37030January 01, 1892Full Service Brick and Mortar
    7222291North Carthage Branch300 Highway 25, Carthage, TN 37030May 31, 1989Full Service Brick and Mortar
    8190025West Locust Branch201 West Locust Street, Lafayette, TN 37083May 26, 1998Full Service Brick and Mortar
    9430160Gainesboro Branch116 South Grundy Quarles Highway, Gainesboro, TN 38562March 19, 2004Full Service Brick and Mortar
    10522151Citizens Bank Of Lafayette Lebanon L214 North Cumberland Street, Lebanon, TN 37087August 17, 2011Limited Service Loan Production

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