The Citizens Exchange Bank in Fairmount, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Citizens Exchange Bank - Overview

  • General
  • FDIC Certificate #: 195
    Status: Active
    Federal Reserve ID: 549545
    Bank Holding Company (Regulatory Top Holder): Century Bank Corp. (RSSDID: 2632731, Location: Fairmount, IN)
    Date Established: July 15, 1893
    WWW: http://www.citizensexchangebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 157
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 102 South Main Street, Fairmount, IN 46928
    County: Grant
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Marion, IN (#31980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.1 mil
    Equity capital: $7.3 mil
    Deposits held in domestic offices: $53.6 mil
    Return on assets (ROA): 0.26% ($0.2 mil)
    Quarterly return on assets: 0.01% ($0.0 mil)
    Return on Equity (ROE): 2.08% ($0.1 mil)
    Quarterly return on equity: 0.05% ($0.0 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.31% ($189.4 mil)
    Quarterly Pretax return on assets: 0.01% ($6.1 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
  • 14Total employees (full-time equivalent)
  • $61,095Total assets
  • $14,258Cash and due from depository institutions
  • $13,568Interest-bearing balances
  • $20,442Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $25,221Net loans & leases
  • $425Loan loss allowance
  • $0Trading account assets
  • $351Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $61,095Life insurance assets
  • $823All other assets
  • $53,791Total liabilities and capital
  • $53,589Total liabilities
  • $45,598Total deposits
  • $53,589Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35Trading liabilities
  • $0Other borrowed funds
  • $167Subordinated debt
  • $7,304All other liabilities
  • $7,304Total equity capital
  • $7,304Total bank equity capital
  • $0Perpetual preferred stock
  • $159Common stock
  • $3,180Surplus
  • $3,965Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,241Income earned, not collected on loans
  • $0Earning assets
  • $296Long-term assets (5+ years)
  • $59,231Average Assets, year-to-date
  • $13,748Average Assets, quarterly
  • $58,749Volatile liabilities
  • $60,130Insider loans
  • $29,042FHLB advances
  • $60,277Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,206Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,137Restructured Loans and leases
  • $1,229Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,260Total interest income
  • $637Total interest expense
  • $1,623Net interest income
  • $0Provision for loan and lease losses
  • $224Total noninterest income
  • $2Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $1,667Total noninterest expense
  • $989Salaries and employee benefits
  • $199Premises and equipment expense
  • $479Additional noninterest expense
  • $180Pre-tax net operating income
  • $0Securities gains (losses)
  • $29Applicable income taxes
  • $151Income before extraordinary items
  • $0Extraordinary gains - net
  • $151Net income attributable to bank
  • $0Net charge-offs
  • $151Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 2.88%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.08%Return on equity (ROE)
  • 2.08%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 2.65%Efficiency ratio
  • 90,254Assets per employee
  • 4.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 34.25%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 4.84%Net loans and leases to deposits
  • 47.06%Net loans and leases to core deposits
  • 47.85%Equity capital to assets
  • 11.96%Core capital (leverage) ratio
  • 11.95%Tier 1 risk-based capital ratio
  • 24.81%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $58,749Average earning assets
  • $7,257Average equity
  • $56,389Average 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
  • $4,963Managed Assets
  • 1Number of Accounts
  • $4,852Personal trust and agency accounts
  • $3,443Employee benefit-defined contribution accounts
  • $1,409Employee 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
  • 20Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $111Other retirement accounts
  • $111Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Indiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0157The Citizens Exchange Bank102 South Main Street, Fairmount, IN 46928July 15, 1893Full Service Brick and Mortar

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