Citizens Community Bank in South Hill, Virginia (VA), NC

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Citizens Community Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)52
Total assets$161,463
Cash and due from depository institutions$5,855
Interest-bearing balances$3,257
Federal funds sold & reverse repurchase agreements$2,050
Net loans & leases$125,457
Loan loss allowance $2,665
Trading account assets$0
Bank premises and fixed assets$3,780
Other real estate owned$2,380
Goodwill and other intangibles$0
All other assets$7,297
Life insurance assets$161,463
Total liabilities and capital$138,868
Total liabilities$134,655
Total deposits$118,525
Interest-bearing deposits$134,655
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $213
All other liabilities $22,595
Total equity capital$22,595
Total bank equity capital$22,595
Perpetual preferred stock$4,000
Common stock$7,505
Undivided profits $2,581
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 $3,783
Earning assets $0
Long-term assets (5+ years) $713
Average Assets, year-to-date $145,408
Average Assets, quarterly $24,694
Volatile liabilities $162,899
Insider loans $163,608
FHLB advances $132,236
Loans and leases held for sale $164,843
Unused loan commitments $3,731
Tier 1 (core) risk-based capital $3,731
Tier 2 risk-based capital $22,207
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,032
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,528
Total interest expense $2,076
Net interest income $6,452
Provision for loan and lease losses $793
Total noninterest income $616
Fiduciary activities $0
Service charges on deposit accounts $395
Trading account gains & fees $0
Additional noninterest income $221
Total noninterest expense $5,732
Salaries and employee benefits $2,513
Premises and equipment expense $625
Additional noninterest expense $2,594
Pre-tax net operating income $543
Securities gains (losses) $169
Applicable income taxes $200
Income before extraordinary items $512
Extraordinary gains - net $0
Net income attributable to bank $512
Net charge-offs $0
Cash dividends $512
Sale, conversion, retirement of capital stock, net $826
Net operating income $187
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.80%
Cost of funding earning assets 1.41%
Net interest margin 4.38%
Noninterest income to earning assets 0.42%
Noninterest expense to earning assets 3.90%
Net operating income to assets 0.24%
Return on assets (ROA) 0.31%
Pretax return on assets 0.44%
Return on equity (ROE) 2.32%
Retained earnings to average equity (YTD only) 1.47%
Net charge-offs to loans 0.65%
Credit loss provision to net charge-offs 96.00%
Efficiency ratio1.62%
Assets per employee$81,098
Cash dividends to net income (YTD only)3.11%
Condition Ratios (%)
Loss allowance to loans 36.52%
Loss allowance to noncurrent loans 2.08%
Noncurrent assets plus other real estate owned to assets 70.45%
Noncurrent loans to loans 3.82%
Net loans and leases to deposits2.95%
Net loans and leases to core deposits 93.17%
Equity capital to assets 95.95%
Core capital (leverage) ratio 13.99%
Tier 1 risk-based capital ratio 13.47%
Total risk-based capital ratio 16.79%
Average assets$18
Average earning assets$162,899
Average equity $22,035
Average loans $147,143
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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
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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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