Citizens and Farmers Bank

Citizens and Farmers Bank is headquartered in West Point and is the 25^th largest bank in the state of Virginia. It is also the 706^th largest bank in the nation. It was established in 1927 and as of March of 2012, it had grown to 523 employees at 18 locations. Citizens and Farmers Bank has a 4-star health rating.

Data for Q1 2012

Institution Statistics Citizens and Farmers Bank FDIC Certificate # 10363 BankRate Report View Year Established 1927 Employees 523 Primary Regulator FDIC Assets and Liabilities Assets $937.00 million Loans $683.04 million Deposits $661.01 million Equity Capital $117.63 million Loan Loss Allowance $34.76 million Unbacked Noncurrent Loans $14.43 million Real Estate Owned $5.21 million Historic Data - March 2011 Assets $902.52 million Equity Capital $113.46 million Loan Loss Allowance $28.77 million Unbacked Noncurrent Loans $9.86 million Real Estate Owned $9.89 million Profit Margin - Quarterly Net Interest Margin 7.7% Return on Assets 1.75% Return on Equity 14.06% Interest Income $18.75 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Citizens and Farmers Bank had $19.64 million in non-current loans and owned real-estate with $152.39 million in equity and loan loss allowances on hand to cover it. This gives Citizens and Farmers Bank a Texas Ratio of 12.88% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Citizens and Farmers Bank held steady from 13.89% as of March 31, 2011 to 12.88% as of March 31, 2012, resulting in a positive change of 7.22%.This indicates that the balance sheet and financial strength for Citizens and Farmers Bank has held steady in recent periods. Deposit Growth In the past year, Citizens and Farmers Bank has increased its total deposits by $30.71 million, resulting in 4.87% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Citizens and Farmers Bank has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Citizens and Farmers Bank has $937 million in assets with $152.39 million in equity, resulting in a capitalization level of 16.26%, which is excellent.

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