Citizens National Bank in Windsor, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 57320
    Status: Active
    Federal Reserve ID: 3085240
    Bank Holding Company (Regulatory Top Holder): Cnb Bancorp, Inc. (RSSDID: 3084618, Location: Windsor, VA)
    Date Established: April 29, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 361861
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 29, 2003
    Last Structure Change Effective Date: Febuary 15, 2012
    Last Structure Change Process Date: Febuary 29, 2012
    Last Data Update: Febuary 29, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 11407 Windsor Boulevard, Windsor, VA 23487
    County: Isle Of Wight
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • History of Changes
  • Participated in Reorganization
  • Financial Summary
  • Total assets: $53.0 mil
    Equity capital: $6.7 mil
    Deposits held in domestic offices: $46.2 mil
    Return on assets (ROA): 0.23% ($0.1 mil)
    Quarterly return on assets: 0.42% ($0.2 mil)
    Return on Equity (ROE): 1.78% ($0.1 mil)
    Quarterly return on equity: 3.27% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.23% ($121.9 mil)
    Quarterly Pretax return on assets: 0.42% ($222.6 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
  • 16Total employees (full-time equivalent)
  • $52,993Total assets
  • $792Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,110Securities
  • $2,974Federal funds sold & reverse repurchase agreements
  • $38,421Net loans & leases
  • $549Loan loss allowance
  • $0Trading account assets
  • $1,333Bank premises and fixed assets
  • $682Other real estate owned
  • $0Goodwill and other intangibles
  • $52,993Life insurance assets
  • $681All other assets
  • $46,272Total liabilities and capital
  • $46,171Total liabilities
  • $42,664Total deposits
  • $46,171Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $6,721All other liabilities
  • $6,721Total equity capital
  • $6,721Total bank equity capital
  • $0Perpetual preferred stock
  • $53Common stock
  • $8,797Surplus
  • $-2,129Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $971Income earned, not collected on loans
  • $0Earning assets
  • $243Long-term assets (5+ years)
  • $49,505Average Assets, year-to-date
  • $7,639Average Assets, quarterly
  • $51,467Volatile liabilities
  • $52,256Insider loans
  • $39,687FHLB advances
  • $52,213Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,642Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,171Restructured Loans and leases
  • $1,268Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,789Total interest income
  • $828Total interest expense
  • $1,961Net interest income
  • $273Provision for loan and lease losses
  • $119Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $1,883Total noninterest expense
  • $1,031Salaries and employee benefits
  • $131Premises and equipment expense
  • $721Additional noninterest expense
  • -$76Pre-tax net operating income
  • $194Securities gains (losses)
  • $0Applicable income taxes
  • $118Income before extraordinary items
  • $0Extraordinary gains - net
  • $118Net income attributable to bank
  • $0Net charge-offs
  • $118Cash dividends
  • $344Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.77%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 1.78%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 79.36%Credit loss provision to net charge-offs
  • 0.57%Efficiency ratio
  • 90,529Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 56.54%Noncurrent assets plus other real estate owned to assets
  • 3.12%Noncurrent loans to loans
  • 2.49%Net loans and leases to deposits
  • 83.21%Net loans and leases to core deposits
  • 94.96%Equity capital to assets
  • 12.68%Core capital (leverage) ratio
  • 12.72%Tier 1 risk-based capital ratio
  • 16.74%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $51,467Average earning assets
  • $6,637Average equity
  • $48,341Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0361861Citizens National Bank11407 Windsor Boulevard, Windsor, VA 23487April 29, 2003Full Service Brick and Mortar

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