Citizens First Bank, Inc. in Bowling Green, Kentucky (KY)



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Citizens First Bank, Inc. routing number info

Table of contents:
Citizens First Bank, Inc.
GeneralFDIC Certificate #: 35022
Status: Active
Federal Reserve ID: 2751007
Bank Holding Company (Regulatory Top Holder): Citizens First Corporation (RSSDID: 2750952, Location: Bowling Green, KY)
Date Established: Febuary 18, 1999
WWW: http://www.citizensfirstbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: No)
FDIC's unique #: 73846
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 18, 1999
Last Structure Change Effective Date: September 30, 2011
Last Structure Change Process Date: October 04, 2011
Last Data Update: October 04, 2011
Data Source Date: April 05, 2012
LocationAddress: 1805 Campbell Lane, Bowling Green, KY 42104
County: Warren
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Hopkinsville
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Bowling Green, KY (#14540)
CBSA Metro Statistical Area: Bowling Green, KY (#14540)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $403.1 mil
Equity capital: $43.3 mil
Deposits held in domestic offices: $333.0 mil
Return on assets (ROA): 0.77% ($3.1 mil)
Quarterly return on assets: 0.45% ($1.8 mil)
Return on Equity (ROE): 6.86% ($2.9 mil)
Quarterly return on equity: 4.17% ($1.8 mil)
Net income: $2.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.03% ($4,152.0 mil)
Quarterly Pretax return on assets: 0.55% ($2,217.1 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)
Total employees (full-time equivalent)100
Total assets$403,106
Cash and due from depository institutions$12,439
Interest-bearing balances$42
Securities$50,718
Federal funds sold & reverse repurchase agreements$18,110
Net loans & leases$288,667
Loan loss allowance $5,865
Trading account assets$0
Bank premises and fixed assets$11,784
Other real estate owned$637
Goodwill and other intangibles$5,443
All other assets$15,308
Life insurance assets$403,106
Total liabilities and capital$359,781
Total liabilities$332,994
Total deposits$293,689
Interest-bearing deposits$332,994
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$25,000
Other borrowed funds $0
Subordinated debt $1,787
All other liabilities $43,325
Total equity capital$43,325
Total bank equity capital$43,325
Perpetual preferred stock$0
Common stock$7,600
Surplus$34,011
Undivided profits $1,714
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $180
Income earned, not collected on loans $4,264
Earning assets $0
Long-term assets (5+ years) $1,858
Average Assets, year-to-date $357,537
Average Assets, quarterly $94,713
Volatile liabilities $371,311
Insider loans $396,607
FHLB advances $309,811
Loans and leases held for sale $391,841
Unused loan commitments $7,324
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $36,525
Total risk weighted assets $7,324
Total unused commitments $0
Restructured Loans and leases $36,595
Derivatives$7,251
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,482
Total interest expense $4,077
Net interest income $13,405
Provision for loan and lease losses $2,025
Total noninterest income $2,639
Fiduciary activities $0
Service charges on deposit accounts $1,390
Trading account gains & fees $0
Additional noninterest income $1,249
Total noninterest expense $10,417
Salaries and employee benefits $5,080
Premises and equipment expense $1,471
Additional noninterest expense $3,866
Pre-tax net operating income $3,602
Securities gains (losses) $215
Applicable income taxes $943
Income before extraordinary items $2,874
Extraordinary gains - net $0
Net income attributable to bank $2,874
Net charge-offs $0
Cash dividends $2,874
Sale, conversion, retirement of capital stock, net $1,161
Net operating income $500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.26%
Cost of funding earning assets 1.23%
Net interest margin 4.04%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 3.14%
Net operating income to assets 0.73%
Return on assets (ROA) 0.77%
Pretax return on assets 1.03%
Return on equity (ROE) 6.86%
Retained earnings to average equity (YTD only) 5.67%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 174.42%
Efficiency ratio4.85%
Assets per employee$63,151
Cash dividends to net income (YTD only)4.03%
Condition Ratios (%)
Loss allowance to loans 17.40%
Loss allowance to noncurrent loans 1.99%
Noncurrent assets plus other real estate owned to assets 137.55%
Noncurrent loans to loans 1.22%
Net loans and leases to deposits1.45%
Net loans and leases to core deposits 86.69%
Equity capital to assets 90.93%
Core capital (leverage) ratio 10.75%
Tier 1 risk-based capital ratio 9.32%
Total risk-based capital ratio 11.79%
Memoranda
Average assets$13
Average earning assets$371,311
Average equity $41,902
Average loans $332,125
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10 Kentucky Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
073846Citizens First Bank, Inc.1805 Campbell Lane, Bowling Green, KY 42104Febuary 18, 1999Full Service Brick and Mortar
1290878Lehman Avenue Branch987 Lehman Avenue, Bowling Green, KY 42104March 22, 1999Full Service Brick and Mortar
2364003Express Branch - Messenger Service1805 Campbell Lane, Bowling Green, KY 42104January 02, 2002Limited Service Messenger
3366352Bowling Green Branch2451 Fitzgerald Industiral Drive, Bowling Green, KY 42101Febuary 19, 2003Full Service Brick and Mortar
4419519Franklin Branch1200 South Main Street, Franklin, KY 42134May 09, 2003Full Service Brick and Mortar
64001Glasgow Branch607 South L. Rogers Wells Boulevard, Glasgow, KY 42141August 10, 1926Full Service Brick and Mortar
7208245Munfordville Branch656 North Main Street, Munfordville, KY 42765January 22, 1991Full Service Brick and Mortar
8208246Horse Cave Branch204 Main Street, Horse Cave, KY 42749July 16, 1997Full Service Brick and Mortar
11489690West Cherry Branch760 West Cherry Street, Glasgow, KY 42141January 20, 2009Full Service Brick and Mortar
13285859Scottsville Rd Branch1700 Scottsville Road, Bowling Green, KY 42103March 01, 1991Full Service Brick and Mortar
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