Citizens Trust Bank in Atlanta, Georgia (GA), AL
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Trust Bank - Overview

  • General
  • FDIC Certificate #: 8033
    Status: Active
    Federal Reserve ID: 680130
    Bank Holding Company (Regulatory Top Holder): Citizens Bancshares Corporation (RSSDID: 1078958, Location: Atlanta, GA)
    Date Established: June 18, 1921
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 13649
    FDIC's unique #: 5114
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 30, 2009
    Last Structure Change Process Date: August 28, 2009
    Last Data Update: August 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 Piedmont Avenue, Northeast, Atlanta, GA 30303
    County: Fulton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $397.1 mil
    Equity capital: $47.7 mil
    Deposits held in domestic offices: $343.8 mil
    Return on assets (ROA): 0.11% ($0.4 mil)
    Quarterly return on assets: 0.38% ($1.5 mil)
    Return on Equity (ROE): 0.94% ($0.5 mil)
    Quarterly return on equity: 3.13% ($1.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.14% (-$555.9 mil)
    Quarterly Pretax return on assets: 0.04% ($158.8 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
  • 108Total employees (full-time equivalent)
  • $397,062Total assets
  • $33,541Cash and due from depository institutions
  • $27,869Interest-bearing balances
  • $127,536Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $195,431Net loans & leases
  • $3,956Loan loss allowance
  • $0Trading account assets
  • $7,228Bank premises and fixed assets
  • $10,076Other real estate owned
  • $2,368Goodwill and other intangibles
  • $397,062Life insurance assets
  • $20,882All other assets
  • $349,356Total liabilities and capital
  • $343,787Total liabilities
  • $283,449Total deposits
  • $343,787Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $310Trading liabilities
  • $0Other borrowed funds
  • $5,259Subordinated debt
  • $47,706All other liabilities
  • $47,706Total equity capital
  • $47,706Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $11,387Surplus
  • $34,819Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,952Income earned, not collected on loans
  • $57Earning assets
  • $1,424Long-term assets (5+ years)
  • $350,836Average Assets, year-to-date
  • $107,060Average Assets, quarterly
  • $392,155Volatile liabilities
  • $391,204Insider loans
  • $252,472FHLB advances
  • $382,057Loans and leases held for sale
  • $11,217Unused loan commitments
  • $11,217Tier 1 (core) risk-based capital
  • $40,214Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,035Restructured Loans and leases
  • $12,059Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,094Total interest income
  • $1,527Total interest expense
  • $14,567Net interest income
  • $3,882Provision for loan and lease losses
  • $3,968Total noninterest income
  • $3Fiduciary activities
  • $3,454Service charges on deposit accounts
  • $0Trading account gains & fees
  • $511Additional noninterest income
  • $15,418Total noninterest expense
  • $7,332Salaries and employee benefits
  • $2,532Premises and equipment expense
  • $5,554Additional noninterest expense
  • -$765Pre-tax net operating income
  • $201Securities gains (losses)
  • -$998Applicable income taxes
  • $434Income before extraordinary items
  • $0Extraordinary gains - net
  • $434Net income attributable to bank
  • $0Net charge-offs
  • $434Cash dividends
  • $4,114Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 4.22%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • 0.08%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • 0.94%Return on equity (ROE)
  • 0.94%Retained earnings to average equity (YTD only)
  • 2.10%Net charge-offs to loans
  • 94.36%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 80,637Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 30.54%Noncurrent assets plus other real estate owned to assets
  • 5.80%Noncurrent loans to loans
  • 6.50%Net loans and leases to deposits
  • 56.85%Net loans and leases to core deposits
  • 72.45%Equity capital to assets
  • 12.01%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 15.93%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $392,155Average earning assets
  • $46,055Average equity
  • $344,794Average 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
  • $1,610Managed Assets
  • 1Number 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
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,610Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2043760Third Avenue Branch1700 Third Avenue North, Birmingham, AL 35203January 01, 1956Full Service Brick and Mortar
    21282654Eutaw Branch213 Main Street, Eutaw, AL 35462January 01, 1956Full Service Brick and Mortar
  • 9 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05114Citizens Trust Bank75 Piedmont Avenue, Northeast, Atlanta, GA 30303June 18, 1921Full Service Brick and Mortar
    1217754West Side Branch965 Martin Luther King. Jr., Dr., Atlanta, GA 30314August 01, 1955Full Service Brick and Mortar
    5217758Wesley Chapel Branch2592 S. Hariston Road, Decatur, GA 30035August 06, 1987Full Service Brick and Mortar
    10217762East Point Branch2840 East Point Street, East Point, GA 30344January 27, 1995Full Service Brick and Mortar
    1140223Panola Road Branch2727 Panola Road, Lithonia, GA 30058April 26, 1989Full Service Brick and Mortar
    13262148Rockbridge Plaza Branch5771 Rockbridge Road, Stone Mountain, GA 30087July 19, 1996Full Service Brick and Mortar
    17356711Cascade Branch3705 Cascade Road, Atlanta, GA 30331June 05, 2000Full Service Brick and Mortar
    18359332Columbus Branch3172 Macon Road, Columbus, GA 31901November 17, 2000Full Service Brick and Mortar
    24453287Lithonia Branch3065 Stone Mountain Street, Lithonia, GA 30058July 25, 2005Full Service Brick and Mortar

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