Citizens Southern Bank, Inc. in Beckley, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2000

  • Citizens Southern Bank, Inc. in Beckley, West Virginia (WV)
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Citizens Southern Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 34030
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 2309631
    Date Established: June 12, 1995
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14449
    FDIC's unique #: 55608
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 12, 1995
    Last Structure Change Effective Date: November 01, 2000
    Last Structure Change Process Date: Febuary 15, 2001
    Last Data Update: Febuary 15, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Citizens Drive, Beckley, WV 25801
    County: Raleigh
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Beckley-Oak Hill, WV (#138)
    Core Based Statistical Area (CBSA): Beckley, WV (#13220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $68.0 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $64,550Total assets
  • $2,589Cash and due from depository institutions
  • $140Interest-bearing balances
  • $16,911Securities
  • $404Federal funds sold & reverse repurchase agreements
  • $42,199Net loans & leases
  • $530Loan loss allowance
  • $0Trading account assets
  • $1,609Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $838All other assets
  • $64,550Total liabilities and capital
  • $59,608Total liabilities
  • $53,381Total deposits
  • $47,446Interest-bearing deposits
  • $53,381Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $248Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,750Other borrowed funds
  • $0Subordinated debt
  • $229All other liabilities
  • $4,942Total equity capital
  • $4,942Total bank equity capital
  • $4,942Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $-58Noncurrent loans and leases
  • $4,253Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $73Earning assets
  • $70Long-term assets (5+ years)
  • $201Average Assets, year-to-date
  • $59,654Average Assets, quarterly
  • $14,075Volatile liabilities
  • $56,207Insider loans
  • $61,559FHLB advances
  • $18,576Loans and leases held for sale
  • $3,152Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,253Total unused commitments
  • $0Restructured Loans and leases
  • $497Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,847Total interest income
  • $2,159Total interest expense
  • $1,688Net interest income
  • $204Provision for loan and lease losses
  • $180Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $88Additional noninterest income
  • $1,431Total noninterest expense
  • $724Salaries and employee benefits
  • $258Premises and equipment expense
  • $449Additional noninterest expense
  • $233Pre-tax net operating income
  • -$4Securities gains (losses)
  • $79Applicable income taxes
  • $150Income before extraordinary items
  • $0Extraordinary gains - net
  • $150Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $16Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.35%Yield on earning assets
  • 4.12%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 2.99%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 1275.00%Credit loss provision to net charge-offs
  • 27.31%Efficiency ratio
  • 76,606Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 726.03%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 79.05%Net loans and leases to core deposits
  • 103.42%Equity capital to assets
  • 7.66%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 13.23%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $56,207Average earning assets
  • $5,015Average equity
  • $52,370Average loans

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