Citizens State Bank in Somerville, Texas (TX)



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Citizens State Bank
GeneralFDIC Certificate #: 16753
Status: Active
Federal Reserve ID: 261360
Bank Holding Company (Regulatory Top Holder): C.S.b. Bancshares, Inc. (RSSDID: 2100089, Location: Somerville, TX)
Date Established: June 01, 1925
WWW: http://www.csbtx.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 10868
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: December 02, 1948
Last Structure Change Effective Date: March 20, 2007
Last Structure Change Process Date: March 20, 2007
Last Data Update: March 20, 2007
Data Source Date: April 05, 2012
LocationAddress: 155 Eighth Street, Somerville, TX 77879
County: Burleson
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): College Station-Bryan, TX (#17780)
CBSA Metro Statistical Area: College Station-Bryan, TX (#17780)
History of ChangesChange in Location
Financial SummaryTotal assets: $384.5 mil
Equity capital: $31.8 mil
Deposits held in domestic offices: $350.4 mil
Return on assets (ROA): 0.97% ($3.7 mil)
Quarterly return on assets: 1.28% ($4.9 mil)
Return on Equity (ROE): 12.05% ($3.9 mil)
Quarterly return on equity: 15.21% ($4.9 mil)
Net income: $3.6 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.37% ($5,267.5 mil)
Quarterly Pretax return on assets: 1.81% ($6,959.3 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)
Total employees (full-time equivalent)99
Total assets$384,491
Cash and due from depository institutions$31,967
Interest-bearing balances$3,270
Securities$116,559
Federal funds sold & reverse repurchase agreements$13,000
Net loans & leases$202,104
Loan loss allowance $2,887
Trading account assets$0
Bank premises and fixed assets$11,439
Other real estate owned$602
Goodwill and other intangibles$0
All other assets$8,820
Life insurance assets$384,491
Total liabilities and capital$352,676
Total liabilities$350,434
Total deposits$326,338
Interest-bearing deposits$350,434
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,242
All other liabilities $31,815
Total equity capital$31,815
Total bank equity capital$31,815
Perpetual preferred stock$0
Common stock$1,000
Surplus$6,000
Undivided profits $24,815
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,478
Earning assets $0
Long-term assets (5+ years) $1,924
Average Assets, year-to-date $334,933
Average Assets, quarterly $51,997
Volatile liabilities $373,536
Insider loans $375,312
FHLB advances $235,366
Loans and leases held for sale $375,456
Unused loan commitments $5,287
Tier 1 (core) risk-based capital $5,287
Tier 2 risk-based capital $30,635
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,115
Derivatives$3,293
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,690
Total interest expense $2,937
Net interest income $13,753
Provision for loan and lease losses $1,018
Total noninterest income $3,766
Fiduciary activities $0
Service charges on deposit accounts $2,903
Trading account gains & fees $0
Additional noninterest income $863
Total noninterest expense $11,393
Salaries and employee benefits $6,119
Premises and equipment expense $1,284
Additional noninterest expense $3,990
Pre-tax net operating income $5,108
Securities gains (losses) $0
Applicable income taxes $1,482
Income before extraordinary items $3,626
Extraordinary gains - net $0
Net income attributable to bank $3,626
Net charge-offs $0
Cash dividends $3,626
Sale, conversion, retirement of capital stock, net $572
Net operating income $499
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.99%
Cost of funding earning assets 0.88%
Net interest margin 4.12%
Noninterest income to earning assets 1.13%
Noninterest expense to earning assets 3.41%
Net operating income to assets 0.97%
Return on assets (ROA) 0.97%
Pretax return on assets 1.37%
Return on equity (ROE) 12.05%
Retained earnings to average equity (YTD only) 10.39%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 177.97%
Efficiency ratio10.71%
Assets per employee$65,032
Cash dividends to net income (YTD only)3.88%
Condition Ratios (%)
Loss allowance to loans 13.76%
Loss allowance to noncurrent loans 1.41%
Noncurrent assets plus other real estate owned to assets 116.51%
Noncurrent loans to loans 0.80%
Net loans and leases to deposits1.21%
Net loans and leases to core deposits 57.67%
Equity capital to assets 59.96%
Core capital (leverage) ratio 8.27%
Tier 1 risk-based capital ratio 8.16%
Total risk-based capital ratio 13.02%
Memoranda
Average assets$14
Average earning assets$373,536
Average equity $30,087
Average loans $334,179
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6 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010868Citizens State Bank155 Eighth Street, Somerville, TX 77879June 01, 1925Full Service Brick and Mortar
111088Deanville Branch6498 Fm 111 Road, Deanville, TX 77852January 01, 1919Full Service Brick and Mortar
217306Caldwell Branch201 East Buck Street, Caldwell, TX 77836Febuary 15, 1984Full Service Brick and Mortar
5238705Brenham Branch2007 South Day, Brenham, TX 77833January 04, 1999Full Service Brick and Mortar
6366324Snook Branch9850 Fm 60 East, Snook, TX 77878Febuary 24, 2003Full Service Brick and Mortar
7468199Navasota Branch9109 Hwy 90 South, Navasota, TX 77868July 24, 2007Full Service Brick and Mortar
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