Citizens First Bank in The Villages, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens First Bank in The Villages, Florida (FL)
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Citizens First Bank routing number info

Citizens First Bank - Overview

  • General
  • FDIC Certificate #: 33440
    Status: Active
    Federal Reserve ID: 1867983
    Bank Holding Company (Regulatory Top Holder): Villages Bancorporation, Inc. (RSSDID: 2012315, Location: The Villages, FL)
    Date Established: July 01, 1991
    WWW: http://www.citizensfb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 47125
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1991
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1050 Lake Sumter Landing, The Villages, FL 32162
    County: Sumter
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): The Villages, FL (#45540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,353.4 mil
    Equity capital: $111.3 mil
    Deposits held in domestic offices: $1,165.3 mil
    Return on assets (ROA): 1.16% ($15.7 mil)
    Quarterly return on assets: 1.67% ($22.6 mil)
    Return on Equity (ROE): 15.32% ($17.0 mil)
    Quarterly return on equity: 20.50% ($22.8 mil)
    Net income: $14.9 mil
    Quarterly Net income: $5.5 mil
    Pretax return on assets: 1.66% ($22,466.6 mil)
    Quarterly Pretax return on assets: 2.33% ($31,534.4 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
  • 167Total employees (full-time equivalent)
  • $1,353,408Total assets
  • $21,383Cash and due from depository institutions
  • $2,390Interest-bearing balances
  • $953,870Securities
  • $420Federal funds sold & reverse repurchase agreements
  • $331,684Net loans & leases
  • $18,037Loan loss allowance
  • $0Trading account assets
  • $22,797Bank premises and fixed assets
  • $6,783Other real estate owned
  • $0Goodwill and other intangibles
  • $1,353,408Life insurance assets
  • $16,471All other assets
  • $1,242,076Total liabilities and capital
  • $1,165,290Total liabilities
  • $964,131Total deposits
  • $1,165,290Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 57496.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,800Trading liabilities
  • $0Other borrowed funds
  • $5,490Subordinated debt
  • $111,332All other liabilities
  • $111,332Total equity capital
  • $111,332Total bank equity capital
  • $0Perpetual preferred stock
  • $1,900Common stock
  • $24,930Surplus
  • $84,502Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $308Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,770Income earned, not collected on loans
  • $0Earning assets
  • $6,127Long-term assets (5+ years)
  • $1,288,364Average Assets, year-to-date
  • $698,229Average Assets, quarterly
  • $1,283,287Volatile liabilities
  • $1,328,634Insider loans
  • $621,350FHLB advances
  • $1,322,906Loans and leases held for sale
  • $3,269Unused loan commitments
  • $3,269Tier 1 (core) risk-based capital
  • $95,780Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $134,897Restructured Loans and leases
  • $5,376Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,023Total interest income
  • $5,381Total interest expense
  • $44,642Net interest income
  • $9,367Provision for loan and lease losses
  • $3,819Total noninterest income
  • $0Fiduciary activities
  • $693Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,126Additional noninterest income
  • $19,143Total noninterest expense
  • $9,080Salaries and employee benefits
  • $2,490Premises and equipment expense
  • $7,573Additional noninterest expense
  • $19,951Pre-tax net operating income
  • $1,292Securities gains (losses)
  • $6,312Applicable income taxes
  • $14,931Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,931Net income attributable to bank
  • $0Net charge-offs
  • $14,931Cash dividends
  • $10,478Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.09%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 3.65%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 15.32%Return on equity (ROE)
  • 15.32%Retained earnings to average equity (YTD only)
  • 2.87%Net charge-offs to loans
  • 89.40%Credit loss provision to net charge-offs
  • 2.80%Efficiency ratio
  • 39,502Assets per employee
  • 8.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.16%Loss allowance to noncurrent loans
  • 114.38%Noncurrent assets plus other real estate owned to assets
  • 1.67%Noncurrent loans to loans
  • 4.51%Net loans and leases to deposits
  • 28.46%Net loans and leases to core deposits
  • 28.81%Equity capital to assets
  • 8.23%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 15.41%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,283,287Average earning assets
  • $97,489Average equity
  • $1,222,497Average loans

List of branches

  • 9 Florida Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    047125Citizens First Bank1050 Lake Sumter Landing, The Villages, FL 32162July 01, 1991Full Service Brick and Mortar
    1289620Main Street Branch1129 Main Street, The Villages, FL 32159October 01, 1996Full Service Brick and Mortar
    2289621Leesburg Branch1341 Griffin Road, Leesburg, FL 34748August 10, 1998Full Service Brick and Mortar
    3360643Spanish Plaines Branch1500 Banderos Avenue, The Villages, FL 32159December 18, 2000Full Service Brick and Mortar
    5365551Mulberry Grove Branch8590 S.E. 165th Mulberry Lane, The Villages, FL 32159August 26, 2002Full Service Brick and Mortar
    6365586Southern Trace Branch3430 Southern Trace, The Villages, FL 32162November 04, 2002Full Service Brick and Mortar
    8429800Lake Sumter Landing Drive-Thru Branc1130 Old Camp Road, The Villages, FL 32162July 06, 2004Limited Service Facility
    9431728Avenida Central Branch903 Avenida Central, The Villages, FL 32159July 06, 2004Full Service Brick and Mortar
    11466268Colony Plaza Branch395 Colony Blvd, The Villages, FL 32162May 29, 2007Full Service Brick and Mortar

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