The Citizens Bank of Logan, Ohio in Logan, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens Bank of Logan, Ohio - Overview

  • General
  • FDIC Certificate #: 18418
    Status: Active
    Federal Reserve ID: 869524
    Bank Holding Company (Regulatory Top Holder): Citizens Independent Bancorp, Inc. (RSSDID: 2299077, Location: Logan, OH)
    Date Established: July 17, 1961
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 9224
    FDIC's unique #: 12324
    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: July 17, 1961
    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: 188 West Main Street, Logan, OH 43138
    County: Hocking
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $248.6 mil
    Equity capital: $21.5 mil
    Deposits held in domestic offices: $222.3 mil
    Return on assets (ROA): 0.40% ($1.0 mil)
    Quarterly return on assets: 0.10% ($0.2 mil)
    Return on Equity (ROE): 4.90% ($1.0 mil)
    Quarterly return on equity: 1.19% ($0.2 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.52% ($1,292.8 mil)
    Quarterly Pretax return on assets: 0.05% ($124.3 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
  • 70Total employees (full-time equivalent)
  • $248,615Total assets
  • $6,763Cash and due from depository institutions
  • $0Interest-bearing balances
  • $41,507Securities
  • $15,282Federal funds sold & reverse repurchase agreements
  • $174,679Net loans & leases
  • $2,932Loan loss allowance
  • $0Trading account assets
  • $4,058Bank premises and fixed assets
  • $2,371Other real estate owned
  • $0Goodwill and other intangibles
  • $248,615Life insurance assets
  • $3,955All other assets
  • $227,137Total liabilities and capital
  • $222,268Total liabilities
  • $204,390Total deposits
  • $222,268Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,347Trading liabilities
  • $0Other borrowed funds
  • $3,522Subordinated debt
  • $21,478All other liabilities
  • $21,478Total equity capital
  • $21,478Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,825Surplus
  • $16,353Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $625Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,650Income earned, not collected on loans
  • $0Earning assets
  • $699Long-term assets (5+ years)
  • $231,468Average Assets, year-to-date
  • $98,706Average Assets, quarterly
  • $254,887Volatile liabilities
  • $250,595Insider loans
  • $192,354FHLB advances
  • $250,331Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,998Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,485Restructured Loans and leases
  • $4,252Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,205Total interest income
  • $3,496Total interest expense
  • $8,709Net interest income
  • $657Provision for loan and lease losses
  • $1,615Total noninterest income
  • $0Fiduciary activities
  • $580Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,035Additional noninterest income
  • $8,741Total noninterest expense
  • $3,725Salaries and employee benefits
  • $1,214Premises and equipment expense
  • $3,802Additional noninterest expense
  • $926Pre-tax net operating income
  • $388Securities gains (losses)
  • $293Applicable income taxes
  • $1,021Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,021Net income attributable to bank
  • $0Net charge-offs
  • $1,021Cash dividends
  • $2,145Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.90%Return on equity (ROE)
  • 4.90%Retained earnings to average equity (YTD only)
  • 1.15%Net charge-offs to loans
  • 30.63%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 84,667Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 23.18%Noncurrent assets plus other real estate owned to assets
  • 6.04%Noncurrent loans to loans
  • 7.12%Net loans and leases to deposits
  • 78.59%Net loans and leases to core deposits
  • 90.24%Equity capital to assets
  • 8.64%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 10.92%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $254,887Average earning assets
  • $20,822Average equity
  • $236,208Average loans

List of branches

  • 7 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012324The Citizens Bank Of Logan, Ohio188 West Main Street, Logan, OH 43138July 17, 1961Full Service Brick and Mortar
    1245361Hocking Mall Branch21 Hocking Mall, Logan, OH 43138November 17, 1977Full Service Brick and Mortar
    2245362Nelsonville Branch24 Fulton Street, Nelsonville, OH 45764October 12, 1991Full Service Brick and Mortar
    3245363Chieftain Drive Branch31550 Chieftain Drive, Logan, OH 43138December 12, 1995Full Service Retail
    4362461Wal-Mart State Route 664 Branch12910 State Route 664 South, Logan, OH 43138October 24, 2001Full Service Brick and Mortar
    5365507Athens Walmart Branch929 East State Street, Athens, OH 45701August 14, 2002Full Service Retail
    6453454Stimson Ave Office Branch20 East Stimson Ave, Athens, OH 45701June 01, 2006Full Service Brick and Mortar

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