Citizens Savings Bank in Bogalusa, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Savings Bank - Overview

  • General
  • FDIC Certificate #: 30270
    Status: Active
    Federal Reserve ID: 1014376
    Date Established: January 01, 1945
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5086
    FDIC's unique #: 43104
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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 14, 1946
    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: 1725 Sullivan Drive, Bogalusa, LA 70427
    County: Washington
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
    Core Based Statistical Area (CBSA): Bogalusa, LA (#14220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $229.3 mil
    Equity capital: $21.9 mil
    Deposits held in domestic offices: $192.2 mil
    Return on assets (ROA): 0.88% ($2.0 mil)
    Quarterly return on assets: 0.84% ($1.9 mil)
    Return on Equity (ROE): 9.83% ($2.2 mil)
    Quarterly return on equity: 8.88% ($2.0 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.31% ($3,003.7 mil)
    Quarterly Pretax return on assets: 1.27% ($2,912.0 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
  • 84Total employees (full-time equivalent)
  • $229,292Total assets
  • $27,350Cash and due from depository institutions
  • $24,239Interest-bearing balances
  • $9,240Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $175,871Net loans & leases
  • $3,286Loan loss allowance
  • $0Trading account assets
  • $7,136Bank premises and fixed assets
  • $3,015Other real estate owned
  • $0Goodwill and other intangibles
  • $229,292Life insurance assets
  • $6,680All other assets
  • $207,379Total liabilities and capital
  • $192,154Total liabilities
  • $169,822Total deposits
  • $192,154Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,500Trading liabilities
  • $0Other borrowed funds
  • $725Subordinated debt
  • $21,913All other liabilities
  • $21,913Total equity capital
  • $21,913Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,913Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,661Income earned, not collected on loans
  • $0Earning assets
  • $894Long-term assets (5+ years)
  • $209,350Average Assets, year-to-date
  • $62,619Average Assets, quarterly
  • $233,765Volatile liabilities
  • $229,951Insider loans
  • $145,480FHLB advances
  • $229,876Loans and leases held for sale
  • $2,674Unused loan commitments
  • $2,590Tier 1 (core) risk-based capital
  • $21,843Tier 2 risk-based capital
  • $84Total risk weighted assets
  • $0Total unused commitments
  • $3,324Restructured Loans and leases
  • $12,301Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,766Total interest income
  • $3,229Total interest expense
  • $10,537Net interest income
  • $140Provision for loan and lease losses
  • $941Total noninterest income
  • $0Fiduciary activities
  • $768Service charges on deposit accounts
  • $0Trading account gains & fees
  • $173Additional noninterest income
  • $8,260Total noninterest expense
  • $4,631Salaries and employee benefits
  • $828Premises and equipment expense
  • $2,801Additional noninterest expense
  • $3,078Pre-tax net operating income
  • -$14Securities gains (losses)
  • $1,018Applicable income taxes
  • $2,046Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,046Net income attributable to bank
  • $0Net charge-offs
  • $2,046Cash dividends
  • $303Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.50%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 0.88%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.83%Return on equity (ROE)
  • 9.83%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 46.20%Credit loss provision to net charge-offs
  • 10.62%Efficiency ratio
  • 71,964Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 197.83%Noncurrent assets plus other real estate owned to assets
  • 2.04%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 91.53%Net loans and leases to core deposits
  • 97.42%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 15.01%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $233,765Average earning assets
  • $20,808Average equity
  • $211,843Average loans

List of branches

  • 6 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043104Citizens Savings Bank1725 Sullivan Drive, Bogalusa, LA 70427January 01, 1945Full Service Brick and Mortar
    1279452Main Street Branch828 Main Street, Franklinton, LA 70438January 01, 1945Full Service Brick and Mortar
    2279453Barker's Corner Branch79070 Highway 40, Covington, LA 70433June 08, 1995Full Service Brick and Mortar
    4279455Bogalusa Branch201 Cumberland Street, Bogalusa, LA 70427December 17, 1997Full Service Brick and Mortar
    5279456Angie Branch30271 Railroad Street, Angie, LA 70426May 27, 1999Full Service Brick and Mortar
    6439965Citizens Savings Bank1990 Highway 190, Covington, LA 70433April 18, 2005Full Service Brick and Mortar

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