Citizens State Bank (AL)

Citizens State Bank (AL) is headquartered in Vernon and is the 102^nd largest bank in the state of Alabama. It is also the 5,146^th largest bank in the nation. It was established in 1977 and as of March of 2012, it had grown to 17 employees at 2 locations. Citizens State Bank (AL) has a 4-star health rating.

Data for Q1 2012

Institution Statistics Citizens State Bank FDIC Certificate # 22523 BankRate Report View Year Established 1977 Employees 17 Primary Regulator FDIC Assets and Liabilities Assets $92.73 million Loans $50.89 million Deposits $73.11 million Equity Capital $10.33 million Loan Loss Allowance $865,000 Unbacked Noncurrent Loans $1.67 million Real Estate Owned $1.18 million Historic Data - March 2011 Assets $91.82 million Equity Capital $8.68 million Loan Loss Allowance $864,000 Unbacked Noncurrent Loans $5.15 million Real Estate Owned $891,000 Profit Margin - Quarterly Net Interest Margin 3.95% Return on Assets 1.3% Return on Equity 11.83% Interest Income $1.23 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 State Bank (AL) had $2.85 million in non-current loans and owned real-estate with $11.19 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (AL) a Texas Ratio of 25.43% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Citizens State Bank (AL) decreased significantly from 63.26% as of March 31, 2011 to 25.43% as of March 31, 2012, resulting in a positive change of 59.81%.This indicates that the balance sheet and financial strength for Citizens State Bank (AL) has improved significantly in recent periods. Deposit Growth In the past year, Citizens State Bank (AL) has decreased its total deposits by -$2.7 million, resulting in -3.56% 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 State Bank (AL) has shown is below 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 State Bank (AL) has $92.73 million in assets with $11.19 million in equity, resulting in a capitalization level of 12.07%, which is excellent.

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