Citizens Financial Bank, Inc. in Glasgow, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 15, 2005

Citizens Financial Bank, Inc. in Glasgow, Kentucky (KY)
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Citizens Financial Bank, Inc. - Overview

General
FDIC Certificate #: 57028
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: PBI Bank (#9314)
Federal Reserve ID: 2949514
Date Established: July 17, 2001
WWW: http://www.citizensfinancialbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 301132
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: July 17, 2001
Last Structure Change Effective Date: Febuary 15, 2005
Last Structure Change Process Date: Febuary 17, 2005
Last Data Update: Febuary 17, 2005
Data Source Date: April 05, 2012
Location
Address: 13 West Public Square, Glasgow, KY 42141
County: Barren
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Elizabethtown
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Glasgow, KY (#23980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $38.2 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, 2004)

Dollar figures in thousands
14Total employees (full-time equivalent)
$38,152Total assets
$901Cash and due from depository institutions
$18Interest-bearing balances
$5,777Securities
$895Federal funds sold & reverse repurchase agreements
$28,930Net loans & leases
$596Loan loss allowance
$0Trading account assets
$409Bank premises and fixed assets
$404Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$836All other assets
$38,152Total liabilities and capital
$34,129Total liabilities
$31,829Total deposits
$28,838Interest-bearing deposits
$31,829Deposits held in domestic offices
0.00%% insured (estimated)
$254Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,949Other borrowed funds
$0Subordinated debt
$97All other liabilities
$4,023Total equity capital
$4,023Total bank equity capital
$4,023Perpetual preferred stock
$0Common stock
$2,019Surplus
$2,911Undivided profits
Memoranda
$-907Noncurrent loans and leases
$2,919Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,121Earning assets
$0Long-term assets (5+ years)
$195Average Assets, year-to-date
$35,620Average Assets, quarterly
$4,894Volatile liabilities
$41,880Insider loans
$39,722FHLB advances
$12,967Loans and leases held for sale
$1,207Unused loan commitments
$1,949Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,919Total unused commitments
$0Restructured Loans and leases
$357Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$2,282Total interest income
$1,155Total interest expense
$1,127Net interest income
$65Provision for loan and lease losses
$214Total noninterest income
$0Fiduciary activities
$122Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$1,264Total noninterest expense
$556Salaries and employee benefits
$143Premises and equipment expense
$565Additional noninterest expense
$12Pre-tax net operating income
$0Securities gains (losses)
$18Applicable income taxes
-$6Income before extraordinary items
$0Extraordinary gains - net
-$6Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$91Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.79%Yield on earning assets
2.93%Cost of funding earning assets
2.86%Net interest margin
0.54%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
-0.01%Net operating income to assets
-0.01%Return on assets (ROA)
0.03%Pretax return on assets
-0.15%Return on equity (ROE)
-0.15%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
71.43%Credit loss provision to net charge-offs
0.85%Efficiency ratio
94,258Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
53.17%Noncurrent assets plus other real estate owned to assets
4.00%Noncurrent loans to loans
3.80%Net loans and leases to deposits
90.89%Net loans and leases to core deposits
151.34%Equity capital to assets
10.54%Core capital (leverage) ratio
9.47%Tier 1 risk-based capital ratio
12.92%Total risk-based capital ratio
Memoranda
$14Average assets
$41,880Average earning assets
$4,009Average equity
$39,422Average loans

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