The Citizens Bank in Nashville, Georgia (GA)



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The Citizens Bank
GeneralFDIC Certificate #: 15934
Status: Active
Federal Reserve ID: 809539
Bank Holding Company (Regulatory Top Holder): Nashville Holding Company, The (RSSDID: 1134050, Location: Nashville, GA)
Date Established: November 05, 1941
WWW: http://www.nhcbanking.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 14451
FDIC's unique #: 10166
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: April 15, 1943
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: 301 South Davis Street, Nashville, GA 31639
County: Berrien
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $287.3 mil
Equity capital: $26.4 mil
Deposits held in domestic offices: $257.5 mil
Return on assets (ROA): -0.49% (-$1.4 mil)
Quarterly return on assets: -0.36% (-$1.0 mil)
Return on Equity (ROE): -5.22% (-$1.4 mil)
Quarterly return on equity: -3.91% (-$1.0 mil)
Net income: -$1.4 mil
Quarterly Net income: -$0.3 mil
Pretax return on assets: -0.49% (-$1,407.8 mil)
Quarterly Pretax return on assets: -0.36% (-$1,034.3 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)60
Total assets$287,297
Cash and due from depository institutions$27,080
Interest-bearing balances$13,644
Securities$29,764
Federal funds sold & reverse repurchase agreements$11,120
Net loans & leases$194,988
Loan loss allowance $4,279
Trading account assets$0
Bank premises and fixed assets$3,639
Other real estate owned$9,929
Goodwill and other intangibles$0
All other assets$10,777
Life insurance assets$287,297
Total liabilities and capital$260,861
Total liabilities$257,512
Total deposits$231,017
Interest-bearing deposits$257,512
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $1,349
All other liabilities $26,436
Total equity capital$26,436
Total bank equity capital$26,436
Perpetual preferred stock$0
Common stock$375
Surplus$5,625
Undivided profits $20,436
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 $8,893
Earning assets $0
Long-term assets (5+ years) $1,855
Average Assets, year-to-date $249,516
Average Assets, quarterly $3,379
Volatile liabilities $286,955
Insider loans $286,952
FHLB advances $200,293
Loans and leases held for sale $288,031
Unused loan commitments $21
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $26,433
Total risk weighted assets $21
Total unused commitments $0
Restructured Loans and leases $9,287
Derivatives$2,661
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,499
Total interest expense $3,840
Net interest income $8,659
Provision for loan and lease losses $3,894
Total noninterest income $277
Fiduciary activities $0
Service charges on deposit accounts $878
Trading account gains & fees $0
Additional noninterest income -$601
Total noninterest expense $6,457
Salaries and employee benefits $2,580
Premises and equipment expense $467
Additional noninterest expense $3,410
Pre-tax net operating income -$1,415
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$1,415
Extraordinary gains - net $0
Net income attributable to bank -$1,415
Net charge-offs $0
Cash dividends -$1,415
Sale, conversion, retirement of capital stock, net $3,708
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.02%
Cost of funding earning assets 1.54%
Net interest margin 3.48%
Noninterest income to earning assets 0.11%
Noninterest expense to earning assets 2.59%
Net operating income to assets -0.49%
Return on assets (ROA) -0.49%
Pretax return on assets -0.49%
Return on equity (ROE) -5.22%
Retained earnings to average equity (YTD only) -5.22%
Net charge-offs to loans 1.80%
Credit loss provision to net charge-offs 105.02%
Efficiency ratio0.67%
Assets per employee$72,258
Cash dividends to net income (YTD only)4.79%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.15%
Noncurrent assets plus other real estate owned to assets 48.12%
Noncurrent loans to loans 6.55%
Net loans and leases to deposits4.46%
Net loans and leases to core deposits 75.72%
Equity capital to assets 89.38%
Core capital (leverage) ratio 9.20%
Tier 1 risk-based capital ratio 9.18%
Total risk-based capital ratio 13.20%
Memoranda
Average assets$14
Average earning assets$286,955
Average equity $27,093
Average loans $248,873
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4 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010166The Citizens Bank301 South Davis Street, Nashville, GA 31639November 05, 1941Full Service Brick and Mortar
117703Ray City BranchEllen And Main Streets, Ray City, GA 31645Febuary 02, 1948Full Service Brick and Mortar
2420245Bemiss Branch4060 Bemiss Road, Valdosta, GA 31605April 17, 2003Full Service Brick and Mortar
33867The Citizens Bank Branch101 North Hutchinson Avenue, Adel, GA 31620March 01, 1929Full Service Brick and Mortar
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