Citizens First Bank in Fordyce, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 22, 1998

  • Citizens First Bank in Fordyce, Arkansas (AR)
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Citizens First Bank - Overview

  • General
  • FDIC Certificate #: 3862
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 433046
    Date Established: January 01, 1909
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 12226
    FDIC's unique #: 2517
    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
  • Location
  • Address: 611 West Fourth Street, Fordyce, AR 71742
    County: Dallas
    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
  • Financial Summary
  • Total assets: $44.9 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
  • 20Total employees (full-time equivalent)
  • $49,577Total assets
  • $1,105Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,485Securities
  • $1,115Federal funds sold & reverse repurchase agreements
  • $27,185Net loans & leases
  • $545Loan loss allowance
  • $0Trading account assets
  • $1,723Bank premises and fixed assets
  • $98Other real estate owned
  • $1,676Goodwill and other intangibles
  • $0Life insurance assets
  • $1,190All other assets
  • $49,577Total liabilities and capital
  • $43,950Total liabilities
  • $43,541Total deposits
  • $38,902Interest-bearing deposits
  • $43,541Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $409All other liabilities
  • $5,627Total equity capital
  • $5,627Total bank equity capital
  • $5,627Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $4,764Undivided profits
  • Memoranda
  • $463Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $453Earning assets
  • $0Long-term assets (5+ years)
  • $238Average Assets, year-to-date
  • $43,785Average Assets, quarterly
  • $5,038Volatile liabilities
  • $49,013Insider loans
  • $49,306FHLB advances
  • $11,262Loans and leases held for sale
  • $1,103Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,107Total unused commitments
  • $0Restructured Loans and leases
  • $32,612Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,373Total interest income
  • $1,626Total interest expense
  • $1,747Net interest income
  • $155Provision for loan and lease losses
  • $346Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $1,382Total noninterest expense
  • $640Salaries and employee benefits
  • $170Premises and equipment expense
  • $572Additional noninterest expense
  • $556Pre-tax net operating income
  • $2Securities gains (losses)
  • $185Applicable income taxes
  • $373Income before extraordinary items
  • $0Extraordinary gains - net
  • $373Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 3.78%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 6.82%Return on equity (ROE)
  • 1.33%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 775.00%Credit loss provision to net charge-offs
  • 35.55%Efficiency ratio
  • 59,818Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.43%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 120.31%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 1.63%Net loans and leases to deposits
  • 62.44%Net loans and leases to core deposits
  • 84.22%Equity capital to assets
  • 11.35%Core capital (leverage) ratio
  • 8.01%Tier 1 risk-based capital ratio
  • 11.84%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $49,013Average earning assets
  • $5,468Average equity
  • $42,969Average loans

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