Citizens Financial Bank in Munster, Indiana (IN), IL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens Financial Bank in Munster, Indiana (IN), IL
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Citizens Financial Bank - Overview

  • General
  • FDIC Certificate #: 29367
    Status: Active
    Federal Reserve ID: 163473
    Date Established: January 01, 1934
    WWW: http://www.mybankcitizens.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 22 (Domestic: 22, Interstate: Yes)
    OTS Docket #: 3344
    FDIC's unique #: 42201
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 27, 1935
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 707 Ridge Road, Munster, IN 46321
    County: Lake
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Gary, IN (#2960)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Gary, IN (#23844)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,149.8 mil
    Equity capital: $102.1 mil
    Deposits held in domestic offices: $986.7 mil
    Return on assets (ROA): -0.87% (-$10.0 mil)
    Quarterly return on assets: -4.29% (-$49.3 mil)
    Return on Equity (ROE): -9.01% (-$9.2 mil)
    Quarterly return on equity: -46.22% (-$47.1 mil)
    Net income: -$10.0 mil
    Quarterly Net income: -$12.4 mil
    Pretax return on assets: -0.76% (-$8,738.4 mil)
    Quarterly Pretax return on assets: -4.04% (-$46,451.3 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
  • 303Total employees (full-time equivalent)
  • $1,149,785Total assets
  • $91,907Cash and due from depository institutions
  • $59,090Interest-bearing balances
  • $250,751Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $699,744Net loans & leases
  • $12,406Loan loss allowance
  • $0Trading account assets
  • $17,507Bank premises and fixed assets
  • $19,091Other real estate owned
  • $220Goodwill and other intangibles
  • $1,149,785Life insurance assets
  • $70,565All other assets
  • $1,047,727Total liabilities and capital
  • $986,687Total liabilities
  • $960,303Total deposits
  • $986,687Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 14334.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,866Trading liabilities
  • $0Other borrowed funds
  • $6,840Subordinated debt
  • $102,058All other liabilities
  • $102,058Total equity capital
  • $102,058Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $88,138Surplus
  • $13,920Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $45,550Income earned, not collected on loans
  • $0Earning assets
  • $2,963Long-term assets (5+ years)
  • $1,009,585Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,143,104Volatile liabilities
  • $1,159,594Insider loans
  • $829,196FHLB advances
  • $1,143,420Loans and leases held for sale
  • $36,275Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $94,502Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $140,892Restructured Loans and leases
  • $821Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $43,736Total interest income
  • $7,858Total interest expense
  • $35,878Net interest income
  • $17,050Provision for loan and lease losses
  • $9,957Total noninterest income
  • $0Fiduciary activities
  • $4,242Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,715Additional noninterest income
  • $39,354Total noninterest expense
  • $21,083Salaries and employee benefits
  • $5,324Premises and equipment expense
  • $12,947Additional noninterest expense
  • -$10,569Pre-tax net operating income
  • $1,882Securities gains (losses)
  • $1,274Applicable income taxes
  • -$9,961Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,961Net income attributable to bank
  • $0Net charge-offs
  • -$9,961Cash dividends
  • $13,369Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.60%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • -1.04%Net operating income to assets
  • -0.87%Return on assets (ROA)
  • -0.76%Pretax return on assets
  • -9.01%Return on equity (ROE)
  • -9.01%Retained earnings to average equity (YTD only)
  • 1.85%Net charge-offs to loans
  • 127.53%Credit loss provision to net charge-offs
  • 0.48%Efficiency ratio
  • 84,431Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 27.24%Noncurrent assets plus other real estate owned to assets
  • 5.62%Noncurrent loans to loans
  • 6.40%Net loans and leases to deposits
  • 70.92%Net loans and leases to core deposits
  • 72.31%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 8.26%Tier 1 risk-based capital ratio
  • 11.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,143,104Average earning assets
  • $110,598Average equity
  • $997,426Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $14Managed Assets
  • 1Number of Accounts
  • $2Personal trust and agency accounts
  • $2Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 15Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $12Other retirement accounts
  • $12Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 10 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    109264455Harvey Branch135 E 154th St, Harvey, IL 60426January 01, 1911Full Service Brick and Mortar
    11040822Flossmoor Branch3301 Vollmer Road, Flossmoor, IL 60422January 01, 1911Full Service Brick and Mortar
    111264456Hegewisch Branch13323 S Baltimore Ave, Chicago, IL 60633January 01, 1911Full Service Brick and Mortar
    112264457South Holland Branch601 East 162nd Street, South Holland, IL 60473January 01, 1911Full Service Brick and Mortar
    113264458Palos Heights Branch7101 West 127th Street, Palos Heights, IL 60463January 01, 1911Full Service Brick and Mortar
    123364239Orland Park Branch9161 West 151st Street, Orland Park, IL 60462July 08, 2002Full Service Brick and Mortar
    124366258Willowbrook Branch7229 S Kingery Hwy, Willowbrook, IL 60527October 21, 2002Full Service Brick and Mortar
    126360448Bolingbrook Branch310 Weber Road, Bolingbrook, IL 60490June 14, 2001Full Service Brick and Mortar
    128432833Darien Branch8301 South Cass Avenue, Darien, IL 60561September 30, 2004Full Service Brick and Mortar
    130518087Tinley Park Branch7231 171st St, Tinley Park, IL 60477Febuary 26, 2007Full Service Brick and Mortar
  • 12 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042201Citizens Financial Bank707 Ridge Road, Munster, IN 46321January 01, 1934Full Service Brick and Mortar
    1274814Crown Point Branch155 N. Main Street, Crown Point, IN 46307January 01, 1934Full Service Brick and Mortar
    2274815Munster 45th Branch1720 45th Street, Munster, IN 46321January 01, 1934Full Service Brick and Mortar
    100274816Valparaiso Branch855 Thornapple Way, Valparaiso, IN 46385January 01, 1934Full Service Brick and Mortar
    10142089East Chicago Branch4740 Indianapolis Boulevard, East Chicago, IN 46312December 14, 1934Full Service Brick and Mortar
    102274817Harbor Branch2121 East Columbus Drive, East Chicago, IN 46312January 01, 1934Full Service Brick and Mortar
    103274818Hammond Branch5311 Hohman Avenue, Hammond, IN 46320January 01, 1934Full Service Brick and Mortar
    106274821Merrillville Branch6101 Harrison St, Merrillville, IN 46410January 01, 1934Full Service Brick and Mortar
    108274822Highland Branch3853 45th Street, Highland, IN 46322December 30, 1994Full Service Brick and Mortar
    121359105Schererville Branch7650 Harvest Drive, Schererville, IN 46375December 20, 1999Full Service Brick and Mortar
    127432374Dyer Branch1100 East Joliet Street, Dyer, IN 46311August 30, 2004Full Service Brick and Mortar
    129518086St John Branch11100 W 109th Ave, Saint John, IN 46373September 14, 2009Full Service Brick and Mortar

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