The Citizens National Bank of Athens in Athens, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens National Bank of Athens - Overview

  • General
  • FDIC Certificate #: 4917
    Status: Active
    Federal Reserve ID: 673132
    Bank Holding Company (Regulatory Top Holder): Citizens National Bancorp, Inc. (RSSDID: 1249589, Location: Athens, TN)
    Date Established: May 06, 1915
    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: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 10726
    FDIC's unique #: 3264
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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: 208 South White Street, Athens, TN 37303
    County: Mcminn
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Knoxville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174)
    Core Based Statistical Area (CBSA): Athens, TN (#11940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $534.9 mil
    Equity capital: $51.9 mil
    Deposits held in domestic offices: $464.3 mil
    Return on assets (ROA): -0.28% (-$1.5 mil)
    Quarterly return on assets: -0.32% (-$1.7 mil)
    Return on Equity (ROE): -2.96% (-$1.5 mil)
    Quarterly return on equity: -3.28% (-$1.7 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.29% (-$1,551.3 mil)
    Quarterly Pretax return on assets: -0.46% (-$2,460.8 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
  • 144Total employees (full-time equivalent)
  • $534,947Total assets
  • $30,288Cash and due from depository institutions
  • $26,530Interest-bearing balances
  • $85,756Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $383,618Net loans & leases
  • $11,285Loan loss allowance
  • $0Trading account assets
  • $5,573Bank premises and fixed assets
  • $18,238Other real estate owned
  • $5Goodwill and other intangibles
  • $534,947Life insurance assets
  • $11,469All other assets
  • $483,066Total liabilities and capital
  • $464,295Total liabilities
  • $440,590Total deposits
  • $464,295Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 13157.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,154Trading liabilities
  • $0Other borrowed funds
  • $1,460Subordinated debt
  • $51,881All other liabilities
  • $51,881Total equity capital
  • $51,881Total bank equity capital
  • $0Perpetual preferred stock
  • $594Common stock
  • $4,692Surplus
  • $46,595Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,505Income earned, not collected on loans
  • $0Earning assets
  • $1,987Long-term assets (5+ years)
  • $495,904Average Assets, year-to-date
  • $51,244Average Assets, quarterly
  • $546,193Volatile liabilities
  • $540,187Insider loans
  • $394,389FHLB advances
  • $543,457Loans and leases held for sale
  • $6,453Unused loan commitments
  • $4,093Tier 1 (core) risk-based capital
  • $51,141Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,360Total unused commitments
  • $50,733Restructured Loans and leases
  • $1,006Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,742Total interest income
  • $5,855Total interest expense
  • $18,887Net interest income
  • $7,448Provision for loan and lease losses
  • $773Total noninterest income
  • $768Fiduciary activities
  • $1,391Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,386Additional noninterest income
  • $13,793Total noninterest expense
  • $7,517Salaries and employee benefits
  • $829Premises and equipment expense
  • $5,447Additional noninterest expense
  • -$1,581Pre-tax net operating income
  • $17Securities gains (losses)
  • -$16Applicable income taxes
  • -$1,548Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,548Net income attributable to bank
  • $0Net charge-offs
  • -$1,548Cash dividends
  • $7,093Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • -0.29%Net operating income to assets
  • -0.28%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -2.96%Return on equity (ROE)
  • -2.96%Retained earnings to average equity (YTD only)
  • 1.72%Net charge-offs to loans
  • 105.00%Credit loss provision to net charge-offs
  • 0.83%Efficiency ratio
  • 70,127Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.86%Loss allowance to noncurrent loans
  • 30.09%Noncurrent assets plus other real estate owned to assets
  • 10.42%Noncurrent loans to loans
  • 9.50%Net loans and leases to deposits
  • 82.62%Net loans and leases to core deposits
  • 88.72%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $546,193Average earning assets
  • $52,350Average equity
  • $507,567Average 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
  • $122,788Managed Assets
  • 1Number of Accounts
  • $85,823Personal trust and agency accounts
  • $48,206Employee benefit-defined contribution accounts
  • $6,534Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $10,610Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,473Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 289Number of Accounts
  • $0Personal trust and agency accounts
  • $10,610Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $36,965Other retirement accounts
  • $1,868Corporate trust and agency accounts
  • $21,026Other fiduciary accounts
  • $11,101Fiduciary accounts held in foreign offices

List of branches

  • 9 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03264The Citizens National Bank Of Athens208 South White Street, Athens, TN 37303May 06, 1915Full Service Brick and Mortar
    2205533South Congress Branch1612 South Congress Parkway, Athens, TN 37303April 03, 1978Full Service Brick and Mortar
    3968Tellico Plains BranchRoute 3, Box 22a, Tellico Plains, TN 37385January 01, 1920Full Service Brick and Mortar
    4189545Madisonville BranchHighway 411 North, Madisonville, TN 37354November 19, 1973Full Service Brick and Mortar
    5189546Sweetwater Branch304 Highway 68 West, Sweetwater, TN 37874April 22, 1974Full Service Brick and Mortar
    7205535Etowah Branch843 Highway 411 North, Etowah, TN 37331November 17, 1993Full Service Retail
    8205536Kingston Office Branch202 North Kentucky Street, Kingston, TN 37763July 03, 1998Full Service Brick and Mortar
    9357102Vonore Branch1215 Highway 411, Vonore, TN 37885June 30, 2000Full Service Brick and Mortar
    10465240Oak Ridge Branch21 Jefferson Avenue, Oak Ridge, TN 37830July 31, 2006Full Service Brick and Mortar

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