Citizens South Bank

Citizens South Bank is headquartered in Gastonia and is the 15^st largest bank in the state of North Carolina. It is also the 614^st largest bank in the nation. It was established in 1904 and as of March of 2012, it had grown to 216 employees at 21 locations. Citizens South Bank has a 3-star health rating.

Citizens South Bank Routing Number: 253170512

Data for Q1 2012

Institution Statistics Citizens South Bank OTS # 02449 FDIC Certificate # 28833 BankRate Report View Year Established 1904 Employees 216 Primary Regulator OCC Assets and Liabilities Assets $1.07 billion Loans $721.61 million Deposits $873.65 million Equity Capital $102.06 million Loan Loss Allowance $11.58 million Unbacked Noncurrent Loans $22.51 million Real Estate Owned $11.99 million Historic Data - March 2011 Assets $1.04 billion Equity Capital $103.64 million Loan Loss Allowance $12.01 million Unbacked Noncurrent Loans $801,000 Real Estate Owned $8.46 million Profit Margin - Quarterly Net Interest Margin 3.62% Return on Assets -0.72% Return on Equity -7.46% Interest Income $10.47 million

Institution Health Overall Score: 3 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 South Bank had $34.5 million in non-current loans and owned real-estate with $113.64 million in equity and loan loss allowances on hand to cover it. This gives Citizens South Bank a Texas Ratio of 30.36% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Citizens South Bank held steady from 29.10% as of March 31, 2011 to 30.36% as of March 31, 2012, resulting in a negative change of 4.31%. This indicates that the balance sheet and financial strength for Citizens South Bank has held steady in recent periods. Deposit Growth In the past year, Citizens South Bank has increased its total deposits by $38.65 million, resulting in 4.63% 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 South 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 South Bank has $1.07 billion in assets with $113.64 million in equity, resulting in a capitalization level of 10.61%, which is above average.

No reviews have been left for this bank yet. Be the first to review.