The Citizens State Bank in Okemah, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 419
    Status: Active
    Federal Reserve ID: 919755
    Bank Holding Company (Regulatory Top Holder): Citizens Bankshares, Inc. (RSSDID: 1067541, Location: Okemah, OK)
    Date Established: Febuary 08, 1908
    WWW: http://www.ibankcsb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13606
    FDIC's unique #: 324
    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: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 13, 2011
    Last Structure Change Process Date: December 13, 2011
    Last Data Update: December 13, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 404 West Broadway, Okemah, OK 74859
    County: Okfuskee
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $164.5 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $147.5 mil
    Return on assets (ROA): 2.36% ($3.9 mil)
    Quarterly return on assets: 2.51% ($4.1 mil)
    Return on Equity (ROE): 26.95% ($3.5 mil)
    Quarterly return on equity: 28.52% ($3.7 mil)
    Net income: $3.6 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.36% ($3,882.7 mil)
    Quarterly Pretax return on assets: 2.51% ($4,129.5 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
  • 22Total employees (full-time equivalent)
  • $164,522Total assets
  • $2,130Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,601Securities
  • $1,359Federal funds sold & reverse repurchase agreements
  • $147,123Net loans & leases
  • $346Loan loss allowance
  • $0Trading account assets
  • $2,767Bank premises and fixed assets
  • $274Other real estate owned
  • $138Goodwill and other intangibles
  • $164,522Life insurance assets
  • $2,130All other assets
  • $151,095Total liabilities and capital
  • $147,544Total liabilities
  • $139,545Total deposits
  • $147,544Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,505Trading liabilities
  • $0Other borrowed funds
  • $46Subordinated debt
  • $13,427All other liabilities
  • $13,427Total equity capital
  • $13,427Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $8,610Surplus
  • $4,617Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $122,000Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $409Income earned, not collected on loans
  • $0Earning assets
  • $930Long-term assets (5+ years)
  • $157,083Average Assets, year-to-date
  • $10,059Average Assets, quarterly
  • $151,683Volatile liabilities
  • $153,280Insider loans
  • $76,421FHLB advances
  • $162,371Loans and leases held for sale
  • $164Unused loan commitments
  • $164Tier 1 (core) risk-based capital
  • $12,993Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,486Restructured Loans and leases
  • $538Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,810Total interest income
  • $1,236Total interest expense
  • $5,574Net interest income
  • $258Provision for loan and lease losses
  • $411Total noninterest income
  • $0Fiduciary activities
  • $333Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $2,146Total noninterest expense
  • $960Salaries and employee benefits
  • $346Premises and equipment expense
  • $840Additional noninterest expense
  • $3,581Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $3,581Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,581Net income attributable to bank
  • $0Net charge-offs
  • $3,581Cash dividends
  • $153Sale, conversion, retirement of capital stock, net
  • $3,133Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 2.36%Net operating income to assets
  • 2.36%Return on assets (ROA)
  • 2.36%Pretax return on assets
  • 26.95%Return on equity (ROE)
  • 3.37%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 168.63%Credit loss provision to net charge-offs
  • 25.09%Efficiency ratio
  • 35,856Assets per employee
  • 7.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.49%Loss allowance to loans
  • 0.23%Loss allowance to noncurrent loans
  • 84.60%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 99.71%Net loans and leases to core deposits
  • 445.14%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 17.00%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $151,683Average earning assets
  • $13,287Average equity
  • $144,168Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0324The Citizens State Bank404 West Broadway, Okemah, OK 74859Febuary 08, 1908Full Service Brick and Mortar
    2202281Paden Branch402 West 9th Street, Paden, OK 74860January 28, 1991Full Service Brick and Mortar

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