The Citizens National Bank of Meridian in Meridian, Mississippi (MS)



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The Citizens National Bank of Meridian routing number info

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The Citizens National Bank of Meridian
GeneralFDIC 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
WWW: http://www.yourcnb.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)314
Total assets$1,115,696
Cash and due from depository institutions$131,121
Interest-bearing balances$111,199
Securities$245,578
Federal funds sold & reverse repurchase agreements$105
Net loans & leases$680,328
Loan loss allowance $12,497
Trading account assets$0
Bank premises and fixed assets$32,960
Other real estate owned$11,999
Goodwill and other intangibles$0
All other assets$13,605
Life insurance assets$1,115,697
Total liabilities and capital$1,001,152
Total liabilities$932,293
Total deposits$780,564
Interest-bearing deposits$932,293
Deposits held in domestic offices$82
% insured (estimated)12476.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$53,800
Other borrowed funds $0
Subordinated debt $2,583
All other liabilities $114,545
Total equity capital$114,545
Total bank equity capital$114,545
Perpetual preferred stock$0
Common stock$1,425
Surplus$81,068
Undivided profits $32,052
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,929
Income earned, not collected on loans $17,124
Earning assets $0
Long-term assets (5+ years) $4,625
Average Assets, year-to-date $1,037,210
Average Assets, quarterly $262,011
Volatile liabilities $1,143,500
Insider loans $1,121,078
FHLB advances $1,079,957
Loans and leases held for sale $1,123,126
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $121,053
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $111,458
Derivatives$14,506
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $47,501
Total interest expense $9,996
Net interest income $37,505
Provision for loan and lease losses $8,952
Total noninterest income $12,027
Fiduciary activities $903
Service charges on deposit accounts $7,476
Trading account gains & fees $0
Additional noninterest income $3,648
Total noninterest expense $32,891
Salaries and employee benefits $17,973
Premises and equipment expense $4,150
Additional noninterest expense $10,768
Pre-tax net operating income $7,689
Securities gains (losses) -$1,654
Applicable income taxes $0
Income before extraordinary items $6,035
Extraordinary gains - net $0
Net income attributable to bank $6,035
Net charge-offs $0
Cash dividends $6,035
Sale, conversion, retirement of capital stock, net $7,935
Net operating income $2,375
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.47%
Cost of funding earning assets 0.94%
Net interest margin 3.53%
Noninterest income to earning assets 1.13%
Noninterest expense to earning assets 3.10%
Net operating income to assets 0.67%
Return on assets (ROA) 0.53%
Pretax return on assets 0.53%
Return on equity (ROE) 5.33%
Retained earnings to average equity (YTD only) 3.23%
Net charge-offs to loans 1.13%
Credit loss provision to net charge-offs 112.82%
Efficiency ratio2.10%
Assets per employee$66,404
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 39.35%
Loss allowance to noncurrent loans 1.80%
Noncurrent assets plus other real estate owned to assets 72.98%
Noncurrent loans to loans 2.68%
Net loans and leases to deposits2.47%
Net loans and leases to core deposits 72.97%
Equity capital to assets 76.41%
Core capital (leverage) ratio 10.27%
Tier 1 risk-based capital ratio 10.78%
Total risk-based capital ratio 11.21%
Memoranda
Average assets$12
Average earning assets$1,143,500
Average equity $113,327
Average loans $1,062,037
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$190,735
Number of Accounts1
Personal trust and agency accounts$158,680
Employee benefit-defined contribution accounts$91,333
Employee benefit-defined benefit accounts$3,451
Other retirement accounts$0
Corporate trust and agency accounts$6,635
Investment management agency accounts$0
Other fiduciary accounts$50,297
Fiduciary accounts held in foreign offices$6,964
Non-managed Assets$0
Number of Accounts205
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$6,635
Employee benefit-defined benefit accounts$0
Other retirement accounts$32,055
Corporate trust and agency accounts$1
Other fiduciary accounts$28,307
Fiduciary accounts held in foreign offices$2,173
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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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