The Citizens National Bank in Putnam, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Citizens National Bank in Putnam, Connecticut (CT)
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The Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 2521
    Status: Active
    Federal Reserve ID: 509400
    Bank Holding Company (Regulatory Top Holder): Citizens National Bancorp, Inc. (RSSDID: 1839207, Location: Putnam, CT)
    Date Established: November 11, 1924
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 10336
    FDIC's unique #: 1647
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 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: 182 Main Street, Putnam, CT 6260
    County: Windham
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Willimantic, CT (#48740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $340.5 mil
    Equity capital: $36.1 mil
    Deposits held in domestic offices: $198.0 mil
    Return on assets (ROA): 0.63% ($2.1 mil)
    Quarterly return on assets: 0.78% ($2.7 mil)
    Return on Equity (ROE): 5.65% ($2.0 mil)
    Quarterly return on equity: 7.16% ($2.6 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.69% ($2,349.4 mil)
    Quarterly Pretax return on assets: 0.95% ($3,234.7 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
  • 63Total employees (full-time equivalent)
  • $340,491Total assets
  • $3,932Cash and due from depository institutions
  • $25Interest-bearing balances
  • $211,799Securities
  • $1,715Federal funds sold & reverse repurchase agreements
  • $93,185Net loans & leases
  • $2,570Loan loss allowance
  • $0Trading account assets
  • $4,154Bank premises and fixed assets
  • $1,580Other real estate owned
  • $0Goodwill and other intangibles
  • $340,491Life insurance assets
  • $24,126All other assets
  • $304,404Total liabilities and capital
  • $198,020Total liabilities
  • $144,713Total deposits
  • $198,020Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $100,000Trading liabilities
  • $0Other borrowed funds
  • $6,384Subordinated debt
  • $36,087All other liabilities
  • $36,087Total equity capital
  • $36,087Total bank equity capital
  • $0Perpetual preferred stock
  • $1,352Common stock
  • $6,901Surplus
  • $27,834Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,644Income earned, not collected on loans
  • $0Earning assets
  • $1,890Long-term assets (5+ years)
  • $306,724Average Assets, year-to-date
  • $215,565Average Assets, quarterly
  • $312,286Volatile liabilities
  • $332,878Insider loans
  • $162,347FHLB advances
  • $328,845Loans and leases held for sale
  • $10,366Unused loan commitments
  • $10,366Tier 1 (core) risk-based capital
  • $33,715Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,912Restructured Loans and leases
  • $1,051Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,152Total interest income
  • $2,473Total interest expense
  • $9,679Net interest income
  • $618Provision for loan and lease losses
  • $1,867Total noninterest income
  • $0Fiduciary activities
  • $1,085Service charges on deposit accounts
  • $0Trading account gains & fees
  • $782Additional noninterest income
  • $8,915Total noninterest expense
  • $4,245Salaries and employee benefits
  • $1,454Premises and equipment expense
  • $3,216Additional noninterest expense
  • $2,013Pre-tax net operating income
  • $134Securities gains (losses)
  • $194Applicable income taxes
  • $1,953Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,953Net income attributable to bank
  • $0Net charge-offs
  • $1,953Cash dividends
  • $429Sale, conversion, retirement of capital stock, net
  • $303Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 5.65%Return on equity (ROE)
  • 4.77%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 144.06%Credit loss provision to net charge-offs
  • 6.13%Efficiency ratio
  • 77,213Assets per employee
  • 5.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.51%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 70.53%Noncurrent assets plus other real estate owned to assets
  • 1.53%Noncurrent loans to loans
  • 3.81%Net loans and leases to deposits
  • 47.06%Net loans and leases to core deposits
  • 50.74%Equity capital to assets
  • 10.60%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 20.77%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $312,286Average earning assets
  • $34,590Average equity
  • $278,421Average loans

Bank Assets Sold and Securitized (December 31, 2010)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $14,5611-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $3,237Commercial and industrial loans

List of branches

  • 5 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01647The Citizens National Bank182 Main Street, Putnam, CT 6260November 11, 1924Full Service Brick and Mortar
    1192897Thompson Branch865 Riverside Drive, Grosvenordale, CT 6255July 01, 1965Full Service Brick and Mortar
    2192898The Woodstock Branch148 Route 171, Woodstock, CT 6281August 29, 1975Full Service Brick and Mortar
    3192899Killingly Branch3 Central Street, Danielson, CT 6239September 29, 1992Full Service Brick and Mortar
    4192900Brooklyn Branch13 Canterbury Road, Brooklyn, CT 6234August 19, 1995Full Service Brick and Mortar

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