Citizens Guaranty Bank in Richmond, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Guaranty Bank - Overview

  • General
  • FDIC Certificate #: 20872
    Status: Active
    Federal Reserve ID: 764816
    Bank Holding Company (Regulatory Top Holder): Citizens Guaranty Financial Corporation (RSSDID: 1143294, Location: Irvine, KY)
    Date Established: November 29, 1972
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 9108
    FDIC's unique #: 14420
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 29, 1972
    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: 457 East Main Street, Richmond, KY 40475
    County: Madison
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Lexington
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lexington, KY (#4280)
    Combined Statistical Area (CSA): Lexington-Fayette-Frankfort-Richmond, KY (#336)
    Core Based Statistical Area (CBSA): Richmond-Berea, KY (#40080)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $130.5 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $113.2 mil
    Return on assets (ROA): 0.75% ($1.0 mil)
    Quarterly return on assets: 0.86% ($1.1 mil)
    Return on Equity (ROE): 9.49% ($1.0 mil)
    Quarterly return on equity: 10.25% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.75% ($978.8 mil)
    Quarterly Pretax return on assets: 0.86% ($1,122.3 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
  • 50Total employees (full-time equivalent)
  • $130,502Total assets
  • $2,875Cash and due from depository institutions
  • $271Interest-bearing balances
  • $20,334Securities
  • $2,702Federal funds sold & reverse repurchase agreements
  • $98,787Net loans & leases
  • $1,725Loan loss allowance
  • $0Trading account assets
  • $1,587Bank premises and fixed assets
  • $440Other real estate owned
  • $0Goodwill and other intangibles
  • $130,502Life insurance assets
  • $3,777All other assets
  • $119,706Total liabilities and capital
  • $113,198Total liabilities
  • $96,414Total deposits
  • $113,198Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 384.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,981Trading liabilities
  • $0Other borrowed funds
  • $1,143Subordinated debt
  • $10,796All other liabilities
  • $10,796Total equity capital
  • $10,796Total bank equity capital
  • $0Perpetual preferred stock
  • $450Common stock
  • $3,510Surplus
  • $6,836Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,141Income earned, not collected on loans
  • $0Earning assets
  • $526Long-term assets (5+ years)
  • $122,094Average Assets, year-to-date
  • $47,132Average Assets, quarterly
  • $133,809Volatile liabilities
  • $129,552Insider loans
  • $91,911FHLB advances
  • $129,855Loans and leases held for sale
  • $1,574Unused loan commitments
  • $1,574Tier 1 (core) risk-based capital
  • $10,641Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,213Restructured Loans and leases
  • $210Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,833Total interest income
  • $1,120Total interest expense
  • $5,713Net interest income
  • $38Provision for loan and lease losses
  • $910Total noninterest income
  • $0Fiduciary activities
  • $634Service charges on deposit accounts
  • $0Trading account gains & fees
  • $276Additional noninterest income
  • $5,579Total noninterest expense
  • $2,709Salaries and employee benefits
  • $1,037Premises and equipment expense
  • $1,833Additional noninterest expense
  • $1,006Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $1,010Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,010Net income attributable to bank
  • $0Net charge-offs
  • $1,010Cash dividends
  • $180Sale, conversion, retirement of capital stock, net
  • $234Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 9.49%Return on equity (ROE)
  • 7.29%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 21.11%Credit loss provision to net charge-offs
  • 5.80%Efficiency ratio
  • 84,237Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.17%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 151.18%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.14%Net loans and leases to deposits
  • 87.27%Net loans and leases to core deposits
  • 95.74%Equity capital to assets
  • 8.27%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 11.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $133,809Average earning assets
  • $10,647Average equity
  • $124,794Average loans

List of branches

  • 6 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014420Citizens Guaranty Bank457 East Main Street, Richmond, KY 40475November 29, 1972Full Service Brick and Mortar
    1251847West Irvine Branch1282 Richmond Road, Irvine, KY 40336May 14, 1979Full Service Brick and Mortar
    2251848Irvine Branch25 River Drive, Irvine, KY 40336July 25, 1995Full Service Brick and Mortar
    3356971Four Mile Branch979 Four Mile Road, Richmond, KY 40475July 13, 1999Full Service Brick and Mortar
    6493985Berea Branch214 Richmond Road North, Berea, KY 40403August 10, 2009Full Service Brick and Mortar
    7500341London Ky1105 West 5th Street, Suite 2, London, KY 40744December 28, 2009Full Service Brick and Mortar

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