The Citizens Bank of Forsyth County in Cumming, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Citizens Bank of Forsyth County in Cumming, Georgia (GA)
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The Citizens Bank of Forsyth County - Overview

  • General
  • FDIC Certificate #: 34229
    Status: Active
    Federal Reserve ID: 2505451
    Bank Holding Company (Regulatory Top Holder): Forsyth Bancshares, Inc. (RSSDID: 2497211, Location: Cumming, GA)
    Date Established: Febuary 03, 1997
    WWW: http://www.citizbank.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)
    FDIC's unique #: 56988
    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: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 03, 1997
    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
  • Location
  • Address: 651 Veterans Memorial Boulevard, Cumming, GA 30040
    County: Forsyth
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $220.1 mil
    Equity capital: $17.7 mil
    Deposits held in domestic offices: $191.1 mil
    Return on assets (ROA): -0.94% (-$2.1 mil)
    Quarterly return on assets: 0.22% ($0.5 mil)
    Return on Equity (ROE): -12.72% (-$2.3 mil)
    Quarterly return on equity: 2.80% ($0.5 mil)
    Net income: -$2.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -1.19% (-$2,619.0 mil)
    Quarterly Pretax return on assets: 0.22% ($484.2 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
  • 43Total employees (full-time equivalent)
  • $220,087Total assets
  • $14,653Cash and due from depository institutions
  • $855Interest-bearing balances
  • $39,740Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $147,758Net loans & leases
  • $4,799Loan loss allowance
  • $0Trading account assets
  • $7,483Bank premises and fixed assets
  • $3,256Other real estate owned
  • $0Goodwill and other intangibles
  • $220,087Life insurance assets
  • $4,197All other assets
  • $202,423Total liabilities and capital
  • $191,131Total liabilities
  • $165,735Total deposits
  • $191,131Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1379.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,598Trading liabilities
  • $0Other borrowed funds
  • $315Subordinated debt
  • $17,664All other liabilities
  • $17,664Total equity capital
  • $17,664Total bank equity capital
  • $0Perpetual preferred stock
  • $3,250Common stock
  • $12,306Surplus
  • $2,108Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,244Income earned, not collected on loans
  • $0Earning assets
  • $832Long-term assets (5+ years)
  • $191,353Average Assets, year-to-date
  • $24,602Average Assets, quarterly
  • $226,508Volatile liabilities
  • $217,617Insider loans
  • $152,192FHLB advances
  • $216,497Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,319Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,556Restructured Loans and leases
  • $8,528Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,381Total interest income
  • $2,207Total interest expense
  • $8,174Net interest income
  • $5,440Provision for loan and lease losses
  • -$80Total noninterest income
  • $0Fiduciary activities
  • $296Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$376Additional noninterest income
  • $5,469Total noninterest expense
  • $2,538Salaries and employee benefits
  • $610Premises and equipment expense
  • $2,321Additional noninterest expense
  • -$2,815Pre-tax net operating income
  • $115Securities gains (losses)
  • -$561Applicable income taxes
  • -$2,139Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,139Net income attributable to bank
  • $0Net charge-offs
  • -$2,139Cash dividends
  • $5,144Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.04%Net interest margin
  • -0.04%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • -0.98%Net operating income to assets
  • -0.94%Return on assets (ROA)
  • -1.19%Pretax return on assets
  • -12.72%Return on equity (ROE)
  • -12.72%Retained earnings to average equity (YTD only)
  • 3.15%Net charge-offs to loans
  • 105.75%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 67,569Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.15%Loss allowance to noncurrent loans
  • 76.86%Noncurrent assets plus other real estate owned to assets
  • 4.32%Noncurrent loans to loans
  • 4.09%Net loans and leases to deposits
  • 77.31%Net loans and leases to core deposits
  • 85.75%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $226,508Average earning assets
  • $16,815Average equity
  • $202,294Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056988The Citizens Bank Of Forsyth County651 Veterans Memorial Boulevard, Cumming, GA 30040Febuary 03, 1997Full Service Brick and Mortar
    1357832Midway Branch5140 Highway 9, Alpharetta, GA 30004Febuary 16, 2000Full Service Brick and Mortar
    2432874Canton Branch11950 Cumming Highway, Canton, GA 30115November 01, 2004Full Service Brick and Mortar
    3461402Martin Road Branch4255 Ga Highway 400, Cumming, GA 30040Febuary 28, 2007Full Service Brick and Mortar

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