Citizens State Bank in Jasper, Tennessee (TN)



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Citizens State Bank
GeneralFDIC Certificate #: 20100
Status: Active
Federal Reserve ID: 989730
Bank Holding Company (Regulatory Top Holder): General Bancshares, Inc. (RSSDID: 1139514, Location: Jasper, TN)
Date Established: January 02, 1970
WWW: http://www.citizensstate.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 13809
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: January 02, 1970
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 4564 Main Street, Jasper, TN 37347
County: Marion
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Nashville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Chattanooga, TN-GA (#1560)
Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860)
CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $67.8 mil
Equity capital: $5.3 mil
Deposits held in domestic offices: $59.7 mil
Return on assets (ROA): 0.69% ($0.5 mil)
Quarterly return on assets: 0.93% ($0.6 mil)
Return on Equity (ROE): 8.80% ($0.4 mil)
Quarterly return on equity: 11.69% ($0.6 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.69% ($467.8 mil)
Quarterly Pretax return on assets: 0.93% ($630.5 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)39
Total assets$67,795
Cash and due from depository institutions$5,234
Interest-bearing balances$1,572
Securities$5,121
Federal funds sold & reverse repurchase agreements$290
Net loans & leases$49,968
Loan loss allowance $414
Trading account assets$0
Bank premises and fixed assets$4,094
Other real estate owned$428
Goodwill and other intangibles$0
All other assets$2,660
Life insurance assets$67,795
Total liabilities and capital$62,446
Total liabilities$59,727
Total deposits$48,042
Interest-bearing deposits$59,727
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,481
Other borrowed funds $0
Subordinated debt $238
All other liabilities $5,349
Total equity capital$5,349
Total bank equity capital$5,349
Perpetual preferred stock$0
Common stock$330
Surplus$330
Undivided profits $4,689
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 $631
Earning assets $0
Long-term assets (5+ years) $322
Average Assets, year-to-date $56,951
Average Assets, quarterly $11,472
Volatile liabilities $67,072
Insider loans $66,857
FHLB advances $50,948
Loans and leases held for sale $67,062
Unused loan commitments $1,491
Tier 1 (core) risk-based capital $1,491
Tier 2 risk-based capital $5,337
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,114
Derivatives$1,149
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,908
Total interest expense $603
Net interest income $3,305
Provision for loan and lease losses $109
Total noninterest income $1,158
Fiduciary activities $0
Service charges on deposit accounts $826
Trading account gains & fees $0
Additional noninterest income $332
Total noninterest expense $3,926
Salaries and employee benefits $2,029
Premises and equipment expense $443
Additional noninterest expense $1,454
Pre-tax net operating income $428
Securities gains (losses) $33
Applicable income taxes $0
Income before extraordinary items $461
Extraordinary gains - net $0
Net income attributable to bank $461
Net charge-offs $0
Cash dividends $461
Sale, conversion, retirement of capital stock, net $95
Net operating income $370
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.80%
Cost of funding earning assets 1.05%
Net interest margin 5.75%
Noninterest income to earning assets 2.02%
Noninterest expense to earning assets 6.83%
Net operating income to assets 0.64%
Return on assets (ROA) 0.69%
Pretax return on assets 0.69%
Return on equity (ROE) 8.80%
Retained earnings to average equity (YTD only) 1.74%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 114.74%
Efficiency ratio5.65%
Assets per employee$87,968
Cash dividends to net income (YTD only)1.74%
Condition Ratios (%)
Loss allowance to loans 80.26%
Loss allowance to noncurrent loans 0.82%
Noncurrent assets plus other real estate owned to assets 65.61%
Noncurrent loans to loans 1.56%
Net loans and leases to deposits1.25%
Net loans and leases to core deposits 83.66%
Equity capital to assets 94.93%
Core capital (leverage) ratio 7.89%
Tier 1 risk-based capital ratio 7.96%
Total risk-based capital ratio 10.48%
Memoranda
Average assets$11
Average earning assets$67,072
Average equity $5,238
Average loans $57,442
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7 Tennessee Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013809Citizens State Bank4564 Main Street, Jasper, TN 37347January 02, 1970Full Service Brick and Mortar
2250293Cedar Avenue Branch404 Cedar Avenue, South Pittsburg, TN 37380September 25, 1987Full Service Brick and Mortar
3250294Kimball Branch865 Main Street, Kimball, TN 37347January 02, 1997Full Service Brick and Mortar
4366099Monteagle Branch209b West Main Street, Monteagle, TN 37356December 07, 2002Full Service Brick and Mortar
5366100Highway 41 Branch102b Highway 41, Tracy City, TN 37387December 07, 2002Full Service Brick and Mortar
6418934Whitwell Branch12500 Highway 28, Whitwell, TN 37397April 21, 2003Full Service Brick and Mortar
7479849Coalmont-Junction Branch9933 State Highway 56, Coalmont, TN 37313January 14, 2008Full Service Brick and Mortar
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