The Citizens National Bank of Meridian in Meridian, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens National Bank of Meridian - Overview

  • General
  • FDIC Certificate #: 4993
    Status: Active
    Federal Reserve ID: 69333
    Bank Holding Company (Regulatory Top Holder): Citizens National Banc Corp. (RSSDID: 3186576, Location: Meridian, MS)
    Date Established: January 01, 1888
    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: 29 (Domestic: 29, Interstate: No)
    FDIC's unique #: 3331
    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: 512 22nd Avenue, Meridian, MS 39301
    County: Lauderdale
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Meridian, MS (#32940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,115.7 mil
    Equity capital: $114.5 mil
    Deposits held in domestic offices: $932.3 mil
    Return on assets (ROA): 0.53% ($5.9 mil)
    Quarterly return on assets: 0.46% ($5.1 mil)
    Return on Equity (ROE): 5.33% ($6.1 mil)
    Quarterly return on equity: 4.47% ($5.1 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 0.53% ($5,913.2 mil)
    Quarterly Pretax return on assets: 0.46% ($5,132.2 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
  • 314Total employees (full-time equivalent)
  • $1,115,696Total assets
  • $131,121Cash and due from depository institutions
  • $111,199Interest-bearing balances
  • $245,578Securities
  • $105Federal funds sold & reverse repurchase agreements
  • $680,328Net loans & leases
  • $12,497Loan loss allowance
  • $0Trading account assets
  • $32,960Bank premises and fixed assets
  • $11,999Other real estate owned
  • $0Goodwill and other intangibles
  • $1,115,697Life insurance assets
  • $13,605All other assets
  • $1,001,152Total liabilities and capital
  • $932,293Total liabilities
  • $780,564Total deposits
  • $932,293Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 12476.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $53,800Trading liabilities
  • $0Other borrowed funds
  • $2,583Subordinated debt
  • $114,545All other liabilities
  • $114,545Total equity capital
  • $114,545Total bank equity capital
  • $0Perpetual preferred stock
  • $1,425Common stock
  • $81,068Surplus
  • $32,052Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,929Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,124Income earned, not collected on loans
  • $0Earning assets
  • $4,625Long-term assets (5+ years)
  • $1,037,210Average Assets, year-to-date
  • $262,011Average Assets, quarterly
  • $1,143,500Volatile liabilities
  • $1,121,078Insider loans
  • $1,079,957FHLB advances
  • $1,123,126Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $121,053Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $111,458Restructured Loans and leases
  • $14,506Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $47,501Total interest income
  • $9,996Total interest expense
  • $37,505Net interest income
  • $8,952Provision for loan and lease losses
  • $12,027Total noninterest income
  • $903Fiduciary activities
  • $7,476Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,648Additional noninterest income
  • $32,891Total noninterest expense
  • $17,973Salaries and employee benefits
  • $4,150Premises and equipment expense
  • $10,768Additional noninterest expense
  • $7,689Pre-tax net operating income
  • -$1,654Securities gains (losses)
  • $0Applicable income taxes
  • $6,035Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,035Net income attributable to bank
  • $0Net charge-offs
  • $6,035Cash dividends
  • $7,935Sale, conversion, retirement of capital stock, net
  • $2,375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.53%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 5.33%Return on equity (ROE)
  • 3.23%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 112.82%Credit loss provision to net charge-offs
  • 2.10%Efficiency ratio
  • 66,404Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.35%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 72.98%Noncurrent assets plus other real estate owned to assets
  • 2.68%Noncurrent loans to loans
  • 2.47%Net loans and leases to deposits
  • 72.97%Net loans and leases to core deposits
  • 76.41%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 11.21%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,143,500Average earning assets
  • $113,327Average equity
  • $1,062,037Average 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
  • $190,735Managed Assets
  • 1Number of Accounts
  • $158,680Personal trust and agency accounts
  • $91,333Employee benefit-defined contribution accounts
  • $3,451Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,635Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $50,297Other fiduciary accounts
  • $6,964Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 205Number of Accounts
  • $0Personal trust and agency accounts
  • $6,635Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $32,055Other retirement accounts
  • $1Corporate trust and agency accounts
  • $28,307Other fiduciary accounts
  • $2,173Fiduciary accounts held in foreign offices

List of branches

  • 29 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03331The Citizens National Bank Of Meridi512 22nd Avenue, Meridian, MS 39301January 01, 1888Full Service Brick and Mortar
    2206317Broadmoor Express BankBroadmoor Mart, Meridian, MS 39305August 25, 1960Limited Service Facility
    3206318Medical Center Express Bank1015 23rd Avenue, Meridian, MS 39301March 25, 1957Limited Service Facility
    520632022nd Avenue South Express Bank613 22nd Avenue South, Meridian, MS 39301January 26, 1970Limited Service Facility
    67312Macon Branch313 South Jefferson Street, Macon, MS 39341January 01, 1800Full Service Brick and Mortar
    10206324College Park Express BankHighway 19 North, Meridian, MS 39301September 20, 1979Limited Service Facility
    11206325Philadelphia Branch538 Main Street, Philadelphia, MS 39350May 31, 1985Full Service Brick and Mortar
    12206326Laurel Branch1127 Highway 15 North, Laurel, MS 39440August 28, 1985Full Service Brick and Mortar
    1311483Kosciusko Branch101 East Jefferson Street, Kosciusko, MS 39090October 15, 1955Full Service Brick and Mortar
    14241877Kosciusko Hwy 12 Branch120 Highway 12 East, Kosciusko, MS 39090August 28, 1963Full Service Brick and Mortar
    15206327Carthage Branch305 South Van Buren Street, Carthage, MS 39051June 23, 1986Full Service Brick and Mortar
    166262Quitman Branch200 South Archusa Avenue, Quitman, MS 39355July 22, 1925Full Service Brick and Mortar
    20286207Waynesboro Branch810 Mississippi Drive, Waynesboro, MS 39367January 01, 1974Full Service Brick and Mortar
    23206328Hattiesburg Branch4599 Hardy Street, Hattiesburg, MS 39402November 06, 1995Full Service Brick and Mortar
    24206329Columbus Branch2412 Highway 45 North, Columbus, MS 39701August 01, 1996Full Service Brick and Mortar
    25206330Philadelphia Hwy 15 Branch1110 Central Drive, Philadelphia, MS 39350April 07, 1997Full Service Brick and Mortar
    26206331Bon. Lakes Mall Comm. Dep. Branch1510a Bonita Lakes Circle, Meridian, MS 39301November 01, 1997Limited Service Retail
    27206332Bonita Lakes Mall Branch1199 Bonita Lakes Circle, Meridian, MS 39301March 31, 1998Full Service Brick and Mortar
    28360876North Meridian Banking Centre Branch136 North Hills Street, Meridian, MS 39305January 22, 2001Full Service Brick and Mortar
    29360877East Columbus Banking Centre Branch115 Lehmberg Road, Columbus, MS 39702January 08, 2001Full Service Brick and Mortar
    30361030West Meridian Banking Centre Branch2100 Highway 19 North, Meridian, MS 39301January 22, 2001Full Service Brick and Mortar
    31419494Pear Orchard Banking Centre Branch744 Pear Orchard Road, Ridgeland, MS 39157October 01, 2002Full Service Brick and Mortar
    32428722West Hattiesburg Banking Center5248 Old Highway 11, Hattiesburg, MS 39402January 27, 2004Limited Service Loan Production
    33437773South Hattiesburg Banking Centre Bra5917 U.S. Highway 49, Hattiesburg, MS 39402October 04, 2004Full Service Brick and Mortar
    34439377Castlewoods Banking Centre Branch102 Plaza Drive, Brandon, MS 39047August 18, 2004Full Service Brick and Mortar
    35447428Olive Branch7203 Goodman Road, 2nd Floor Suite D, Olive Branch, MS 38654December 27, 2005Full Service Brick and Mortar
    36448826Madison Banking Centre114 Grandview Boulevard, Madison, MS 39110Febuary 01, 2006Full Service Brick and Mortar
    37457996West Hattiesburg Banking Center6258 Us Highway 98, Hattiesburg, MS 39402October 31, 2006Full Service Brick and Mortar
    39493043Southaven Banking Centre Branch6296 Airways Boulevard, Southaven, MS 38671May 15, 2009Full Service Brick and Mortar

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