Citizens National Bank of Albion in Albion, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens National Bank of Albion - Overview

  • General
  • FDIC Certificate #: 15760
    Status: Active
    Federal Reserve ID: 853747
    Bank Holding Company (Regulatory Top Holder): Citizens Bancshares, Inc. (RSSDID: 2473260, Location: Albion, IL)
    Date Established: August 05, 1940
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13149
    FDIC's unique #: 10008
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 05, 1940
    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: 10 West Elm Street, Albion, IL 62806
    County: Edwards
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $265.4 mil
    Equity capital: $41.6 mil
    Deposits held in domestic offices: $222.5 mil
    Return on assets (ROA): 1.09% ($2.9 mil)
    Quarterly return on assets: 0.99% ($2.6 mil)
    Return on Equity (ROE): 7.08% ($3.0 mil)
    Quarterly return on equity: 6.31% ($2.7 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.56% ($4,140.2 mil)
    Quarterly Pretax return on assets: 1.38% ($3,662.5 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
  • 48Total employees (full-time equivalent)
  • $265,398Total assets
  • $15,861Cash and due from depository institutions
  • $10,265Interest-bearing balances
  • $86,180Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,513Net loans & leases
  • $1,760Loan loss allowance
  • $0Trading account assets
  • $824Bank premises and fixed assets
  • $88Other real estate owned
  • $598Goodwill and other intangibles
  • $265,398Life insurance assets
  • $4,334All other assets
  • $223,826Total liabilities and capital
  • $222,511Total liabilities
  • $198,948Total deposits
  • $222,511Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,315Subordinated debt
  • $41,572All other liabilities
  • $41,572Total equity capital
  • $41,572Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $800Surplus
  • $39,972Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $421Income earned, not collected on loans
  • $0Earning assets
  • $2,168Long-term assets (5+ years)
  • $253,958Average Assets, year-to-date
  • $94,263Average Assets, quarterly
  • $260,660Volatile liabilities
  • $264,461Insider loans
  • $168,987FHLB advances
  • $263,164Loans and leases held for sale
  • $1,127Unused loan commitments
  • $1,127Tier 1 (core) risk-based capital
  • $39,231Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,568Restructured Loans and leases
  • $192Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,120Total interest income
  • $2,796Total interest expense
  • $8,324Net interest income
  • $180Provision for loan and lease losses
  • $729Total noninterest income
  • $37Fiduciary activities
  • $343Service charges on deposit accounts
  • $0Trading account gains & fees
  • $349Additional noninterest income
  • $4,840Total noninterest expense
  • $2,727Salaries and employee benefits
  • $407Premises and equipment expense
  • $1,706Additional noninterest expense
  • $4,033Pre-tax net operating income
  • $45Securities gains (losses)
  • $1,233Applicable income taxes
  • $2,845Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,845Net income attributable to bank
  • $0Net charge-offs
  • $2,845Cash dividends
  • $119Sale, conversion, retirement of capital stock, net
  • $963Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 7.08%Return on equity (ROE)
  • 4.68%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 151.26%Credit loss provision to net charge-offs
  • 35.40%Efficiency ratio
  • 53,264Assets per employee
  • 5.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.85%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 418.05%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 70.79%Net loans and leases to core deposits
  • 73.04%Equity capital to assets
  • 15.66%Core capital (leverage) ratio
  • 14.91%Tier 1 risk-based capital ratio
  • 23.22%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $260,660Average earning assets
  • $40,196Average equity
  • $250,016Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $9,456Managed Assets
  • 1Number of Accounts
  • $3,864Personal trust and agency accounts
  • $2,991Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $873Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 85Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,592Other retirement accounts
  • $1,275Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,317Fiduciary accounts held in foreign offices

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010008Citizens National Bank Of Albion10 West Elm Street, Albion, IL 62806August 05, 1940Full Service Brick and Mortar
    1362999Olney Branch202 South Whittle Avenue, Olney, IL 62450January 22, 2002Full Service Brick and Mortar
    26931Mt Erie Branch33 Main Street, Mount Erie, IL 62446January 01, 1912Full Service Brick and Mortar
    3462232Crossville Branch303 West Main Street, Crossville, IL 62827Febuary 08, 2007Full Service Brick and Mortar

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