Citizens Community Bank in South Hill, Virginia (VA), NC
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Community Bank - Overview

  • General
  • FDIC Certificate #: 35326
    Status: Active
    Federal Reserve ID: 2847432
    Date Established: December 13, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: Yes)
    FDIC's unique #: 78232
    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: December 13, 1999
    Last Structure Change Effective Date: December 04, 2006
    Last Structure Change Process Date: December 21, 2006
    Last Data Update: December 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 North Mecklenburg Avenue, South Hill, VA 23970
    County: Mecklenburg
    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
  • Financial Summary
  • Total assets: $161.5 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $134.7 mil
    Return on assets (ROA): 0.31% ($0.5 mil)
    Quarterly return on assets: 0.20% ($0.3 mil)
    Return on Equity (ROE): 2.32% ($0.5 mil)
    Quarterly return on equity: 1.41% ($0.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.44% ($710.4 mil)
    Quarterly Pretax return on assets: 0.26% ($419.8 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
  • 52Total employees (full-time equivalent)
  • $161,463Total assets
  • $5,855Cash and due from depository institutions
  • $3,257Interest-bearing balances
  • $14,644Securities
  • $2,050Federal funds sold & reverse repurchase agreements
  • $125,457Net loans & leases
  • $2,665Loan loss allowance
  • $0Trading account assets
  • $3,780Bank premises and fixed assets
  • $2,380Other real estate owned
  • $0Goodwill and other intangibles
  • $161,463Life insurance assets
  • $7,297All other assets
  • $138,868Total liabilities and capital
  • $134,655Total liabilities
  • $118,525Total deposits
  • $134,655Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $213Subordinated debt
  • $22,595All other liabilities
  • $22,595Total equity capital
  • $22,595Total bank equity capital
  • $4,000Perpetual preferred stock
  • $7,505Common stock
  • $8,509Surplus
  • $2,581Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,783Income earned, not collected on loans
  • $0Earning assets
  • $713Long-term assets (5+ years)
  • $145,408Average Assets, year-to-date
  • $24,694Average Assets, quarterly
  • $162,899Volatile liabilities
  • $163,608Insider loans
  • $132,236FHLB advances
  • $164,843Loans and leases held for sale
  • $3,731Unused loan commitments
  • $3,731Tier 1 (core) risk-based capital
  • $22,207Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,032Restructured Loans and leases
  • $10,854Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,528Total interest income
  • $2,076Total interest expense
  • $6,452Net interest income
  • $793Provision for loan and lease losses
  • $616Total noninterest income
  • $0Fiduciary activities
  • $395Service charges on deposit accounts
  • $0Trading account gains & fees
  • $221Additional noninterest income
  • $5,732Total noninterest expense
  • $2,513Salaries and employee benefits
  • $625Premises and equipment expense
  • $2,594Additional noninterest expense
  • $543Pre-tax net operating income
  • $169Securities gains (losses)
  • $200Applicable income taxes
  • $512Income before extraordinary items
  • $0Extraordinary gains - net
  • $512Net income attributable to bank
  • $0Net charge-offs
  • $512Cash dividends
  • $826Sale, conversion, retirement of capital stock, net
  • $187Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.80%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 1.47%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 96.00%Credit loss provision to net charge-offs
  • 1.62%Efficiency ratio
  • 81,098Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.52%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 70.45%Noncurrent assets plus other real estate owned to assets
  • 3.82%Noncurrent loans to loans
  • 2.95%Net loans and leases to deposits
  • 93.17%Net loans and leases to core deposits
  • 95.95%Equity capital to assets
  • 13.99%Core capital (leverage) ratio
  • 13.47%Tier 1 risk-based capital ratio
  • 16.79%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $162,899Average earning assets
  • $22,035Average equity
  • $147,143Average loans

List of branches

  • 1 North Carolina Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3466014Roanoke Rapids Branch778 Old Farm Road South, Roanoke Rapids, NC 27870July 17, 2007Full Service Brick and Mortar
  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078232Citizens Community Bank800 North Mecklenburg Avenue, South Hill, VA 23970December 13, 1999Full Service Brick and Mortar
    1431748Gasburg Branch4200 Gasburg Road, Gasburg, VA 23857August 09, 2002Full Service Brick and Mortar
    2431749Boydton Branch581 Madison Street, Boydton, VA 23917November 24, 2003Full Service Brick and Mortar

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