Citizens State Bank in Corrigan, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 11905
    Status: Active
    Federal Reserve ID: 899651
    Bank Holding Company (Regulatory Top Holder): Citizens State Financial Corporation (RSSDID: 1105818, Location: Corrigan, TX)
    Date Established: January 01, 1919
    WWW: http://www.corriganbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 7603
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 27, 2011
    Last Structure Change Process Date: October 27, 2011
    Last Data Update: October 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 North Home Street, Corrigan, TX 75939
    County: Polk
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $105.7 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $93.6 mil
    Return on assets (ROA): 2.15% ($2.3 mil)
    Quarterly return on assets: 2.12% ($2.2 mil)
    Return on Equity (ROE): 19.96% ($2.2 mil)
    Quarterly return on equity: 19.72% ($2.2 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.15% ($2,272.6 mil)
    Quarterly Pretax return on assets: 2.12% ($2,240.9 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
  • 29Total employees (full-time equivalent)
  • $105,704Total assets
  • $9,577Cash and due from depository institutions
  • $2,015Interest-bearing balances
  • $32,125Securities
  • $5,270Federal funds sold & reverse repurchase agreements
  • $57,533Net loans & leases
  • $687Loan loss allowance
  • $0Trading account assets
  • $294Bank premises and fixed assets
  • $33Other real estate owned
  • $0Goodwill and other intangibles
  • $105,704Life insurance assets
  • $872All other assets
  • $94,426Total liabilities and capital
  • $93,646Total liabilities
  • $74,266Total deposits
  • $93,646Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $780Subordinated debt
  • $11,278All other liabilities
  • $11,278Total equity capital
  • $11,278Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $2,000Surplus
  • $8,278Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,339Income earned, not collected on loans
  • $0Earning assets
  • $471Long-term assets (5+ years)
  • $96,943Average Assets, year-to-date
  • $26,719Average Assets, quarterly
  • $102,843Volatile liabilities
  • $105,208Insider loans
  • $61,695FHLB advances
  • $105,401Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,506Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,873Restructured Loans and leases
  • $968Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,634Total interest income
  • $950Total interest expense
  • $4,684Net interest income
  • $180Provision for loan and lease losses
  • $768Total noninterest income
  • $0Fiduciary activities
  • $607Service charges on deposit accounts
  • $0Trading account gains & fees
  • $161Additional noninterest income
  • $3,071Total noninterest expense
  • $1,465Salaries and employee benefits
  • $458Premises and equipment expense
  • $1,148Additional noninterest expense
  • $2,201Pre-tax net operating income
  • $6Securities gains (losses)
  • $0Applicable income taxes
  • $2,207Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,207Net income attributable to bank
  • $0Net charge-offs
  • $2,207Cash dividends
  • $140Sale, conversion, retirement of capital stock, net
  • $1,766Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.91%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 2.14%Net operating income to assets
  • 2.15%Return on assets (ROA)
  • 2.15%Pretax return on assets
  • 19.96%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 128.57%Credit loss provision to net charge-offs
  • 17.01%Efficiency ratio
  • 56,328Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.02%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 51.31%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 2.30%Net loans and leases to deposits
  • 61.44%Net loans and leases to core deposits
  • 68.26%Equity capital to assets
  • 10.67%Core capital (leverage) ratio
  • 9.97%Tier 1 risk-based capital ratio
  • 17.03%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $102,843Average earning assets
  • $11,055Average equity
  • $95,420Average 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
  • $3,798Managed Assets
  • 1Number of Accounts
  • $3,798Personal trust and agency accounts
  • $3,798Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07603Citizens State Bank300 North Home Street, Corrigan, TX 75939January 01, 1919Full Service Brick and Mortar
    18904Groveton BranchFirst Street And Devine Avenue, Groveton, TX 75845January 01, 1902Full Service Brick and Mortar

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