Citizens National Bank of Paintsville in Paintsville, Kentucky (KY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens National Bank of Paintsville - Overview

  • General
  • FDIC Certificate #: 2718
    Status: Active
    Federal Reserve ID: 495419
    Bank Holding Company (Regulatory Top Holder): Citizens National Corporation (RSSDID: 1071623, Location: Paintsville, KY)
    Date Established: January 01, 1910
    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: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11286
    FDIC's unique #: 1760
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 27, 2007
    Last Structure Change Process Date: September 25, 2007
    Last Data Update: September 25, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 620 Broadway Avenue, Paintsville, KY 41240
    County: Johnson
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Participated in Reorganization
    Name Change
  • Financial Summary
  • Total assets: $554.7 mil
    Equity capital: $71.2 mil
    Deposits held in domestic offices: $433.9 mil
    Return on assets (ROA): 0.73% ($4.1 mil)
    Quarterly return on assets: 0.74% ($4.1 mil)
    Return on Equity (ROE): 6.04% ($4.3 mil)
    Quarterly return on equity: 5.80% ($4.1 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.88% ($4,881.4 mil)
    Quarterly Pretax return on assets: 0.86% ($4,770.4 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
  • 188Total employees (full-time equivalent)
  • $554,701Total assets
  • $30,307Cash and due from depository institutions
  • $18,352Interest-bearing balances
  • $137,141Securities
  • $12,000Federal funds sold & reverse repurchase agreements
  • $316,698Net loans & leases
  • $4,527Loan loss allowance
  • $0Trading account assets
  • $12,447Bank premises and fixed assets
  • $3,418Other real estate owned
  • $16,396Goodwill and other intangibles
  • $554,701Life insurance assets
  • $26,294All other assets
  • $483,543Total liabilities and capital
  • $433,881Total liabilities
  • $325,791Total deposits
  • $433,881Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 10131.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,500Trading liabilities
  • $0Other borrowed funds
  • $6,031Subordinated debt
  • $71,158All other liabilities
  • $71,158Total equity capital
  • $71,158Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $47,099Surplus
  • $22,559Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,064Income earned, not collected on loans
  • $0Earning assets
  • $1,872Long-term assets (5+ years)
  • $484,191Average Assets, year-to-date
  • $220,737Average Assets, quarterly
  • $572,145Volatile liabilities
  • $559,047Insider loans
  • $335,336FHLB advances
  • $538,015Loans and leases held for sale
  • $8,661Unused loan commitments
  • $8,661Tier 1 (core) risk-based capital
  • $50,918Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,311Restructured Loans and leases
  • $419Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,564Total interest income
  • $5,953Total interest expense
  • $18,611Net interest income
  • $1,386Provision for loan and lease losses
  • $6,289Total noninterest income
  • $98Fiduciary activities
  • $3,616Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,575Additional noninterest income
  • $18,749Total noninterest expense
  • $8,862Salaries and employee benefits
  • $2,336Premises and equipment expense
  • $7,551Additional noninterest expense
  • $4,765Pre-tax net operating income
  • $266Securities gains (losses)
  • $848Applicable income taxes
  • $4,183Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,183Net income attributable to bank
  • $0Net charge-offs
  • $4,183Cash dividends
  • $1,599Sale, conversion, retirement of capital stock, net
  • $1,470Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.73%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 6.04%Return on equity (ROE)
  • 3.92%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 86.68%Credit loss provision to net charge-offs
  • 3.85%Efficiency ratio
  • 74,048Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.14%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 111.39%Noncurrent assets plus other real estate owned to assets
  • 1.35%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 72.99%Net loans and leases to core deposits
  • 77.30%Equity capital to assets
  • 12.83%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 15.18%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $572,145Average earning assets
  • $69,233Average equity
  • $499,027Average 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
  • $17,002Managed Assets
  • 1Number of Accounts
  • $6,558Personal trust and agency accounts
  • $4,032Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $99Corporate trust and agency accounts
  • $1,411Investment management agency accounts
  • $728Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $288Non-managed Assets
  • 102Number of Accounts
  • $0Personal trust and agency accounts
  • $99Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $10,444Other retirement accounts
  • $4,079Corporate trust and agency accounts
  • $600Other fiduciary accounts
  • $174Fiduciary accounts held in foreign offices

List of branches

  • 13 Kentucky Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01760Citizens National Bank Of Paintsvill620 Broadway Avenue, Paintsville, KY 41240January 01, 1910Full Service Brick and Mortar
    2193961Mayo Shopping Plaza BranchRoute 23-460 By-Pass, Paintsville, KY 41240November 15, 1978Full Service Brick and Mortar
    6241899Allen BranchU.S. 23 And Kentucky 80, Allen, KY 41601November 18, 1960Full Service Brick and Mortar
    7241900City Branch2 North Lake Drive, Prestonsburg, KY 41653September 14, 1970Full Service Brick and Mortar
    9241902Garrett BranchU.S. 80, Garrett, KY 41630September 17, 1976Full Service Brick and Mortar
    10241903Mcdowell BranchHighways 122, Mc Dowell, KY 41647October 01, 1980Full Service Brick and Mortar
    11193964Salyersville BranchRoute 114 East Mountain Parkway, Salyersville, KY 41465May 26, 1999Full Service Brick and Mortar
    12357583Centerpointe Branch50 Franklin Corner, Prestonsburg, KY 41653September 07, 1999Full Service Brick and Mortar
    13420297Weddington Plaza Branch4367 North Mayo Trail, Pikeville, KY 41501December 02, 2002Full Service Brick and Mortar
    1459069Ashland Branch735 Central Avenue, Ashland, KY 41101April 06, 1998Full Service Brick and Mortar
    15362305Grayson Branch167 South Carol Malone Blvd., Grayson, KY 41143August 20, 2001Full Service Brick and Mortar
    16428154Russell Road Branch320 Russell Road, Russell, KY 41169August 04, 2003Full Service Brick and Mortar
    1756256Pikeville Branch247 Hambley Blvd., Pikeville, KY 41501January 02, 1996Full Service Brick and Mortar

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