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

Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 12501
    Status: Active
    Federal Reserve ID: 54656
    Bank Holding Company (Regulatory Top Holder): Industry Bancshares, Inc. (RSSDID: 2112439, Location: Industry, TX)
    Date Established: January 01, 1925
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 15480
    FDIC's unique #: 7952
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: January 29, 2009
    Last Data Update: January 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1330 W. Commerce Street, Buffalo, TX 75831
    County: Leon
    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
  • Change in Location
    Office Purchased
  • Financial Summary
  • Total assets: $511.8 mil
    Equity capital: $51.3 mil
    Deposits held in domestic offices: $456.1 mil
    Return on assets (ROA): 2.01% ($10.3 mil)
    Quarterly return on assets: 1.62% ($8.3 mil)
    Return on Equity (ROE): 22.01% ($11.2 mil)
    Quarterly return on equity: 15.89% ($8.1 mil)
    Net income: $9.3 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 2.23% ($11,412.4 mil)
    Quarterly Pretax return on assets: 1.68% ($8,597.7 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
  • 75Total employees (full-time equivalent)
  • $511,767Total assets
  • $7,176Cash and due from depository institutions
  • $3,838Interest-bearing balances
  • $387,421Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $101,498Net loans & leases
  • $2,460Loan loss allowance
  • $0Trading account assets
  • $3,354Bank premises and fixed assets
  • $742Other real estate owned
  • $2,708Goodwill and other intangibles
  • $511,767Life insurance assets
  • $8,868All other assets
  • $460,429Total liabilities and capital
  • $456,117Total liabilities
  • $410,234Total deposits
  • $456,117Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,312Subordinated debt
  • $51,338All other liabilities
  • $51,338Total equity capital
  • $51,338Total bank equity capital
  • $0Perpetual preferred stock
  • $390Common stock
  • $12,655Surplus
  • $38,293Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $178Income earned, not collected on loans
  • $0Earning assets
  • $3,954Long-term assets (5+ years)
  • $492,757Average Assets, year-to-date
  • $431,658Average Assets, quarterly
  • $461,456Volatile liabilities
  • $498,052Insider loans
  • $180,756FHLB advances
  • $481,404Loans and leases held for sale
  • $3,269Unused loan commitments
  • $2,889Tier 1 (core) risk-based capital
  • $39,266Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $380Total unused commitments
  • $16,456Restructured Loans and leases
  • $4,668Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,391Total interest income
  • $6,302Total interest expense
  • $15,089Net interest income
  • $300Provision for loan and lease losses
  • $1,805Total noninterest income
  • $0Fiduciary activities
  • $1,540Service charges on deposit accounts
  • $0Trading account gains & fees
  • $265Additional noninterest income
  • $7,518Total noninterest expense
  • $3,404Salaries and employee benefits
  • $745Premises and equipment expense
  • $3,369Additional noninterest expense
  • $9,076Pre-tax net operating income
  • $1,237Securities gains (losses)
  • $1,050Applicable income taxes
  • $9,263Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,263Net income attributable to bank
  • $0Net charge-offs
  • $9,263Cash dividends
  • $188Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.70%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 2.01%Return on assets (ROA)
  • 2.23%Pretax return on assets
  • 22.01%Return on equity (ROE)
  • 19.99%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 159.57%Credit loss provision to net charge-offs
  • 49.87%Efficiency ratio
  • 41,417Assets per employee
  • 6.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.18%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 1382.02%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 22.25%Net loans and leases to core deposits
  • 26.64%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 21.72%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $461,456Average earning assets
  • $42,087Average equity
  • $442,518Average loans

List of branches

  • 7 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07952Citizens State Bank1330 W. Commerce Street, Buffalo, TX 75831January 01, 1925Full Service Brick and Mortar
    1363931Centerville Branch400 E. St. Mary's (Highway 7), Centerville, TX 75833April 26, 2002Full Service Brick and Mortar
    2196254Itasca Branch201 East Main Street, Itasca, TX 76055January 02, 1997Full Service Brick and Mortar
    3422554Whitney Branch303 S. Bosque, Whitney, TX 76692June 24, 2003Full Service Brick and Mortar
    4360772Hubbard Branch107 Ne 3rd Street, Hubbard, TX 76648July 05, 2000Full Service Brick and Mortar
    5521329Teague Texas Branch722 Main Street, Teague, TX 75860September 08, 2010Full Service Brick and Mortar
    6526585Clifton Texas Branch512 South Ave. G, Clifton, TX 76634November 01, 2011Full Service Brick and Mortar

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