The Citizens State Bank in Okemah, Oklahoma (OK)

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The Citizens State Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)22
Total assets$164,522
Cash and due from depository institutions$2,130
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,359
Net loans & leases$147,123
Loan loss allowance $346
Trading account assets$0
Bank premises and fixed assets$2,767
Other real estate owned$274
Goodwill and other intangibles$138
All other assets$2,130
Life insurance assets$164,522
Total liabilities and capital$151,095
Total liabilities$147,544
Total deposits$139,545
Interest-bearing deposits$147,544
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,505
Other borrowed funds $0
Subordinated debt $46
All other liabilities $13,427
Total equity capital$13,427
Total bank equity capital$13,427
Perpetual preferred stock$0
Common stock$200
Undivided profits $4,617
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $122,000
Income earned, not collected on loans $409
Earning assets $0
Long-term assets (5+ years) $930
Average Assets, year-to-date $157,083
Average Assets, quarterly $10,059
Volatile liabilities $151,683
Insider loans $153,280
FHLB advances $76,421
Loans and leases held for sale $162,371
Unused loan commitments $164
Tier 1 (core) risk-based capital $164
Tier 2 risk-based capital $12,993
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,486
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,810
Total interest expense $1,236
Net interest income $5,574
Provision for loan and lease losses $258
Total noninterest income $411
Fiduciary activities $0
Service charges on deposit accounts $333
Trading account gains & fees $0
Additional noninterest income $78
Total noninterest expense $2,146
Salaries and employee benefits $960
Premises and equipment expense $346
Additional noninterest expense $840
Pre-tax net operating income $3,581
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $3,581
Extraordinary gains - net $0
Net income attributable to bank $3,581
Net charge-offs $0
Cash dividends $3,581
Sale, conversion, retirement of capital stock, net $153
Net operating income $3,133
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 0.86%
Net interest margin 3.87%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 1.49%
Net operating income to assets 2.36%
Return on assets (ROA) 2.36%
Pretax return on assets 2.36%
Return on equity (ROE) 26.95%
Retained earnings to average equity (YTD only) 3.37%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 168.63%
Efficiency ratio25.09%
Assets per employee$35,856
Cash dividends to net income (YTD only)7.48%
Condition Ratios (%)
Loss allowance to loans 87.49%
Loss allowance to noncurrent loans 0.23%
Noncurrent assets plus other real estate owned to assets 84.60%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.28%
Net loans and leases to core deposits 99.71%
Equity capital to assets 445.14%
Core capital (leverage) ratio 8.16%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 17.00%
Average assets$17
Average earning assets$151,683
Average equity $13,287
Average loans $144,168
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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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