The Citizens Bank of Weston in Weston, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Citizens Bank of Weston in Weston, West Virginia (WV)
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The Citizens Bank of Weston - Overview

  • General
  • FDIC Certificate #: 19674
    Status: Active
    Federal Reserve ID: 639633
    Bank Holding Company (Regulatory Top Holder): Citizens Bancshares, Inc. (RSSDID: 1133969, Location: Weston, WV)
    Date Established: December 23, 1891
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10319
    FDIC's unique #: 13473
    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 02, 1967
    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: 201 Main Avenue, Weston, WV 26452
    County: Lewis
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $176.0 mil
    Equity capital: $19.3 mil
    Deposits held in domestic offices: $145.2 mil
    Return on assets (ROA): 1.25% ($2.2 mil)
    Quarterly return on assets: 1.14% ($2.0 mil)
    Return on Equity (ROE): 11.24% ($2.1 mil)
    Quarterly return on equity: 10.33% ($2.0 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.82% ($3,202.4 mil)
    Quarterly Pretax return on assets: 1.63% ($2,868.1 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
  • 37Total employees (full-time equivalent)
  • $175,955Total assets
  • $22,817Cash and due from depository institutions
  • $17,653Interest-bearing balances
  • $47,937Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,507Net loans & leases
  • $960Loan loss allowance
  • $0Trading account assets
  • $1,135Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $175,955Life insurance assets
  • $1,559All other assets
  • $156,635Total liabilities and capital
  • $145,210Total liabilities
  • $116,430Total deposits
  • $145,210Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 10238.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,187Subordinated debt
  • $19,320All other liabilities
  • $19,320Total equity capital
  • $19,320Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,000Surplus
  • $16,220Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,009Income earned, not collected on loans
  • $0Earning assets
  • $682Long-term assets (5+ years)
  • $168,097Average Assets, year-to-date
  • $40,359Average Assets, quarterly
  • $174,822Volatile liabilities
  • $177,915Insider loans
  • $106,138FHLB advances
  • $177,253Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,191Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,441Restructured Loans and leases
  • $1,027Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,135Total interest income
  • $1,030Total interest expense
  • $6,105Net interest income
  • $90Provision for loan and lease losses
  • $777Total noninterest income
  • $0Fiduciary activities
  • $271Service charges on deposit accounts
  • $0Trading account gains & fees
  • $506Additional noninterest income
  • $3,632Total noninterest expense
  • $1,855Salaries and employee benefits
  • $381Premises and equipment expense
  • $1,396Additional noninterest expense
  • $3,160Pre-tax net operating income
  • $27Securities gains (losses)
  • $1,005Applicable income taxes
  • $2,182Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,182Net income attributable to bank
  • $0Net charge-offs
  • $2,182Cash dividends
  • $57Sale, conversion, retirement of capital stock, net
  • $1,650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 11.24%Return on equity (ROE)
  • 2.74%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 157.89%Credit loss provision to net charge-offs
  • 57.02%Efficiency ratio
  • 52,775Assets per employee
  • 4.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.62%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 95.14%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 70.59%Net loans and leases to core deposits
  • 72.76%Equity capital to assets
  • 10.98%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 18.08%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $174,822Average earning assets
  • $19,411Average equity
  • $166,707Average loans

List of branches

  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013473The Citizens Bank Of Weston201 Main Avenue, Weston, WV 26452December 23, 1891Full Service Brick and Mortar
    1249207Jane Lew BranchS.W. Route 7 And Route 7-8, Jane Lew, WV 26378October 13, 1988Full Service Brick and Mortar

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