Citizens First Bank in Arkadelphia, Arkansas (AR)



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Citizens First Bank
GeneralFDIC Certificate #: 3852
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 912644
Date Established: September 01, 1888
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 12502
FDIC's unique #: 2507
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: October 22, 1998
Last Structure Change Process Date: November 10, 1998
Last Data Update: November 10, 1998
Data Source Date: April 05, 2012
LocationAddress: 5th And Main Streets, Arkadelphia, AR 71923
County: Clark
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Arkadelphia, AR (#11660)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $51.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)24
Total assets$50,474
Cash and due from depository institutions$2,264
Interest-bearing balances$0
Securities$16,550
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$26,574
Loan loss allowance $1,391
Trading account assets$0
Bank premises and fixed assets$1,120
Other real estate owned$17
Goodwill and other intangibles$2,249
All other assets$1,200
Life insurance assets$0
Total liabilities and capital$50,474
Total liabilities$43,822
Total deposits$43,600
Interest-bearing deposits$34,104
Deposits held in domestic offices$43,600
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $222
Total equity capital$6,652
Total bank equity capital$6,652
Perpetual preferred stock$6,652
Common stock$0
Surplus$300
Undivided profits $5,616
Memoranda
Noncurrent loans and leases $736
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $182
Long-term assets (5+ years) $0
Average Assets, year-to-date $245
Average Assets, quarterly $43,624
Volatile liabilities $7,703
Insider loans $50,548
FHLB advances $50,857
Loans and leases held for sale $3,780
Unused loan commitments $1,368
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,368
Restructured Loans and leases $0
Derivatives$28,600
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $3,637
Total interest expense $1,431
Net interest income $2,206
Provision for loan and lease losses $1,040
Total noninterest income $404
Fiduciary activities $0
Service charges on deposit accounts $75
Trading account gains & fees $0
Additional noninterest income $329
Total noninterest expense $1,747
Salaries and employee benefits $781
Premises and equipment expense $184
Additional noninterest expense $782
Pre-tax net operating income -$177
Securities gains (losses) $0
Applicable income taxes -$66
Income before extraordinary items -$111
Extraordinary gains - net $572
Net income attributable to bank $461
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $100
Net operating income $0
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.10%
Cost of funding earning assets 3.19%
Net interest margin 4.91%
Noninterest income to earning assets 0.90%
Noninterest expense to earning assets 3.89%
Net operating income to assets -0.22%
Return on assets (ROA) 0.91%
Pretax return on assets 0.78%
Return on equity (ROE) 7.20%
Retained earnings to average equity (YTD only) 7.20%
Net charge-offs to loans 0.36%
Credit loss provision to net charge-offs 1040.00%
Efficiency ratio8.63%
Assets per employee$60,268
Cash dividends to net income (YTD only)2.10%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.97%
Noncurrent assets plus other real estate owned to assets 764.29%
Noncurrent loans to loans 0.37%
Net loans and leases to deposits0.65%
Net loans and leases to core deposits 60.95%
Equity capital to assets 66.74%
Core capital (leverage) ratio 13.18%
Tier 1 risk-based capital ratio 9.00%
Total risk-based capital ratio 15.29%
Memoranda
Average assets$17
Average earning assets$50,548
Average equity $6,400
Average loans $44,920
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