Citizens First Bank in Wartburg, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens First Bank - Overview

  • General
  • FDIC Certificate #: 34311
    Status: Active
    Federal Reserve ID: 2532082
    Bank Holding Company (Regulatory Top Holder): Cfb Bancshares, Inc. (RSSDID: 3135462, Location: Wartburg, TN)
    Date Established: Febuary 10, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 57070
    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: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 10, 1997
    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: 1015 Main Street, Wartburg, TN 37887
    County: Morgan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $155.8 mil
    Equity capital: $12.9 mil
    Deposits held in domestic offices: $139.4 mil
    Return on assets (ROA): 0.07% ($0.1 mil)
    Quarterly return on assets: 0.64% ($1.0 mil)
    Return on Equity (ROE): 0.87% ($0.1 mil)
    Quarterly return on equity: 7.73% ($1.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.01% ($15.6 mil)
    Quarterly Pretax return on assets: 0.61% ($950.1 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
  • 58Total employees (full-time equivalent)
  • $155,759Total assets
  • $9,876Cash and due from depository institutions
  • $1,042Interest-bearing balances
  • $17,055Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $110,620Net loans & leases
  • $1,534Loan loss allowance
  • $0Trading account assets
  • $6,323Bank premises and fixed assets
  • $4,544Other real estate owned
  • $0Goodwill and other intangibles
  • $155,759Life insurance assets
  • $4,341All other assets
  • $142,845Total liabilities and capital
  • $139,410Total liabilities
  • $118,540Total deposits
  • $139,410Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 376.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,456Trading liabilities
  • $0Other borrowed funds
  • $603Subordinated debt
  • $12,914All other liabilities
  • $12,914Total equity capital
  • $12,914Total bank equity capital
  • $0Perpetual preferred stock
  • $417Common stock
  • $7,142Surplus
  • $5,355Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,013Income earned, not collected on loans
  • $0Earning assets
  • $628Long-term assets (5+ years)
  • $131,717Average Assets, year-to-date
  • $55,377Average Assets, quarterly
  • $154,807Volatile liabilities
  • $154,929Insider loans
  • $109,484FHLB advances
  • $155,313Loans and leases held for sale
  • $1,799Unused loan commitments
  • $1,799Tier 1 (core) risk-based capital
  • $12,646Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,257Restructured Loans and leases
  • $1,065Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,128Total interest income
  • $2,218Total interest expense
  • $5,910Net interest income
  • $1,070Provision for loan and lease losses
  • $1,614Total noninterest income
  • $0Fiduciary activities
  • $992Service charges on deposit accounts
  • $0Trading account gains & fees
  • $622Additional noninterest income
  • $6,438Total noninterest expense
  • $2,811Salaries and employee benefits
  • $929Premises and equipment expense
  • $2,698Additional noninterest expense
  • $16Pre-tax net operating income
  • $0Securities gains (losses)
  • -$94Applicable income taxes
  • $110Income before extraordinary items
  • $0Extraordinary gains - net
  • $110Net income attributable to bank
  • $0Net charge-offs
  • $110Cash dividends
  • $972Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 4.47%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.87%Noninterest expense to earning assets
  • 0.07%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • 0.87%Return on equity (ROE)
  • 0.87%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 110.08%Credit loss provision to net charge-offs
  • 1.12%Efficiency ratio
  • 85,566Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 38.23%Noncurrent assets plus other real estate owned to assets
  • 5.49%Noncurrent loans to loans
  • 3.58%Net loans and leases to deposits
  • 79.35%Net loans and leases to core deposits
  • 79.96%Equity capital to assets
  • 8.29%Core capital (leverage) ratio
  • 8.14%Tier 1 risk-based capital ratio
  • 11.55%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $154,807Average earning assets
  • $12,632Average equity
  • $132,150Average loans

List of branches

  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057070Citizens First Bank1015 Main Street, Wartburg, TN 37887Febuary 10, 1997Full Service Brick and Mortar
    1290530Oliver Springs Branch105 Gail Lane, Oliver Springs, TN 37840March 18, 1997Full Service Brick and Mortar
    3441840Oneida Branch15730 Scott Highway, Oneida, TN 37841July 12, 2005Full Service Brick and Mortar
    4479333Harriman Branch1017 South Roane Street, Harriman, TN 37748March 10, 2008Full Service Brick and Mortar
    5493448Oak Ridge Branch1298 Oak Ridge Turnpike, Oak Ridge, TN 37831August 25, 2008Full Service Brick and Mortar

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