Citizens State Bank in Perry, Florida (FL)

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Citizens State Bank
GeneralFDIC Certificate #: 17880
Status: Active
Federal Reserve ID: 398631
Bank Holding Company (Regulatory Top Holder): Perry Banking Company, Inc. (RSSDID: 2520584, Location: Perry, FL)
Date Established: July 07, 1958
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 11819
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: Commercial Lending Specialization
Date of Deposit Insurance: July 07, 1958
Last Structure Change Effective Date: May 01, 2007
Last Structure Change Process Date: May 01, 2007
Last Data Update: May 01, 2007
Data Source Date: April 05, 2012
LocationAddress: 2000 South Byron Butler Parkway, Perry, FL 32348
County: Taylor
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesName Change
Financial SummaryTotal assets: $101.4 mil
Equity capital: $10.1 mil
Deposits held in domestic offices: $91.1 mil
Return on assets (ROA): 0.55% ($0.6 mil)
Quarterly return on assets: 0.63% ($0.6 mil)
Return on Equity (ROE): 5.64% ($0.6 mil)
Quarterly return on equity: 6.36% ($0.6 mil)
Net income: $0.6 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.55% ($557.6 mil)
Quarterly Pretax return on assets: 0.63% ($638.7 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)
Total employees (full-time equivalent)40
Total assets$101,380
Cash and due from depository institutions$5,471
Interest-bearing balances$3,722
Federal funds sold & reverse repurchase agreements$3,489
Net loans & leases$71,325
Loan loss allowance $900
Trading account assets$0
Bank premises and fixed assets$6,001
Other real estate owned$2,207
Goodwill and other intangibles$0
All other assets$1,176
Life insurance assets$101,380
Total liabilities and capital$91,257
Total liabilities$91,078
Total deposits$75,908
Interest-bearing deposits$91,078
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$65
Other borrowed funds $0
Subordinated debt $114
All other liabilities $10,123
Total equity capital$10,123
Total bank equity capital$10,123
Perpetual preferred stock$0
Common stock$173
Undivided profits $3,133
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 $2,629
Earning assets $0
Long-term assets (5+ years) $415
Average Assets, year-to-date $90,247
Average Assets, quarterly $40,779
Volatile liabilities $101,122
Insider loans $101,516
FHLB advances $74,823
Loans and leases held for sale $102,123
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,805
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,598
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,778
Total interest expense $1,065
Net interest income $4,713
Provision for loan and lease losses $80
Total noninterest income $5
Fiduciary activities $0
Service charges on deposit accounts $396
Trading account gains & fees $0
Additional noninterest income -$391
Total noninterest expense $4,085
Salaries and employee benefits $1,819
Premises and equipment expense $750
Additional noninterest expense $1,516
Pre-tax net operating income $553
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $553
Extraordinary gains - net $0
Net income attributable to bank $553
Net charge-offs $0
Cash dividends $553
Sale, conversion, retirement of capital stock, net $1,083
Net operating income $285
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.39%
Cost of funding earning assets 1.18%
Net interest margin 5.21%
Noninterest income to earning assets 0.01%
Noninterest expense to earning assets 4.52%
Net operating income to assets 0.55%
Return on assets (ROA) 0.55%
Pretax return on assets 0.55%
Return on equity (ROE) 5.64%
Retained earnings to average equity (YTD only) 2.73%
Net charge-offs to loans 1.48%
Credit loss provision to net charge-offs 7.39%
Efficiency ratio0.58%
Assets per employee$86,583
Cash dividends to net income (YTD only)2.53%
Condition Ratios (%)
Loss allowance to loans 51.54%
Loss allowance to noncurrent loans 1.25%
Noncurrent assets plus other real estate owned to assets 34.23%
Noncurrent loans to loans 4.77%
Net loans and leases to deposits3.64%
Net loans and leases to core deposits 78.31%
Equity capital to assets 83.49%
Core capital (leverage) ratio 9.99%
Tier 1 risk-based capital ratio 9.60%
Total risk-based capital ratio 13.10%
Average assets$14
Average earning assets$101,122
Average equity $9,812
Average loans $90,411
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3 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011819Citizens State Bank2000 South Byron Butler Parkway, Perry, FL 32348July 07, 1958Full Service Brick and Mortar
1243085Steinhatchee Branch913 First Avenue, Southeast, Steinhatchee, FL 32359September 05, 1978Full Service Brick and Mortar
3473721Madison Branch424 West Base Street, Madison, FL 32340March 31, 2008Full Service Brick and Mortar
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