Citizens First Bank, Inc. in Bowling Green, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens First Bank, Inc. - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 100Total employees (full-time equivalent)
  • $403,106Total assets
  • $12,439Cash and due from depository institutions
  • $42Interest-bearing balances
  • $50,718Securities
  • $18,110Federal funds sold & reverse repurchase agreements
  • $288,667Net loans & leases
  • $5,865Loan loss allowance
  • $0Trading account assets
  • $11,784Bank premises and fixed assets
  • $637Other real estate owned
  • $5,443Goodwill and other intangibles
  • $403,106Life insurance assets
  • $15,308All other assets
  • $359,781Total liabilities and capital
  • $332,994Total liabilities
  • $293,689Total deposits
  • $332,994Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $1,787Subordinated debt
  • $43,325All other liabilities
  • $43,325Total equity capital
  • $43,325Total bank equity capital
  • $0Perpetual preferred stock
  • $7,600Common stock
  • $34,011Surplus
  • $1,714Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $180Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,264Income earned, not collected on loans
  • $0Earning assets
  • $1,858Long-term assets (5+ years)
  • $357,537Average Assets, year-to-date
  • $94,713Average Assets, quarterly
  • $371,311Volatile liabilities
  • $396,607Insider loans
  • $309,811FHLB advances
  • $391,841Loans and leases held for sale
  • $7,324Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,525Tier 2 risk-based capital
  • $7,324Total risk weighted assets
  • $0Total unused commitments
  • $36,595Restructured Loans and leases
  • $7,251Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,482Total interest income
  • $4,077Total interest expense
  • $13,405Net interest income
  • $2,025Provision for loan and lease losses
  • $2,639Total noninterest income
  • $0Fiduciary activities
  • $1,390Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,249Additional noninterest income
  • $10,417Total noninterest expense
  • $5,080Salaries and employee benefits
  • $1,471Premises and equipment expense
  • $3,866Additional noninterest expense
  • $3,602Pre-tax net operating income
  • $215Securities gains (losses)
  • $943Applicable income taxes
  • $2,874Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,874Net income attributable to bank
  • $0Net charge-offs
  • $2,874Cash dividends
  • $1,161Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.03%Pretax return on assets
  • 6.86%Return on equity (ROE)
  • 5.67%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 174.42%Credit loss provision to net charge-offs
  • 4.85%Efficiency ratio
  • 63,151Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.40%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 137.55%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 86.69%Net loans and leases to core deposits
  • 90.93%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 9.32%Tier 1 risk-based capital ratio
  • 11.79%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $371,311Average earning assets
  • $41,902Average equity
  • $332,125Average loans

List of branches

  • 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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