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Overview / Commentary
201 Main Avenue
Weston, WV 26452

The Citizens Bank of Weston is headquartered in Weston and is the 31st largest bank in the state of West Virginia. It is also the 3,196th largest bank in the nation. It was established in 1891 and as of March of 2014, it had grown to 36 employees at 2 locations. The Citizens Bank of Weston has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The Citizens Bank of Weston had $791,000 in non-current loans and owned real-estate with $20.83 million in equity and loan loss allowances on hand to cover it. This gives The Citizens Bank of Weston a Texas Ratio of 3.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for The Citizens Bank of Weston decreased dramatically from 6.29% as of March 31, 2013 to 3.80% as of March 31, 2014, resulting in a positive change of 39.62%.This indicates that the balance sheet and financial strength for The Citizens Bank of Weston has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Citizens Bank of Weston has increased its total deposits by $8.34 million, resulting in 5.55% 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 The Citizens Bank of Weston has shown is excellent.

Capitalization

GRADE:
A

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. The Citizens Bank of Weston has $188.39 million in assets with $20.83 million in equity, resulting in a capitalization level of 11.06%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #19674
Year Established1891
Employees36
Primary RegulatorFDIC
Assets and Liabilities
Assets$188.39 million
Loans$109.92 million
Deposits$158.53 million
Equity Capital$19.86 million
Loan Loss Allowance$969,000
Unbacked Noncurrent Loans$791,000
Real Estate Owned$0
Historic Data - March 2013
Assets$178.98 million
Equity Capital$19.73 million
Loan Loss Allowance$968,000
Unbacked Noncurrent Loans$791,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.89%
Return on Equity8.18%
Interest Income$1.56 million
Rates

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Locations


The Citizens Bank of Weston Locations
The Citizens Bank Of Weston201 Main AvenueWeston, WV 26452
Jane Lew BranchS.W. Route 7 and Route 7-8Jane Lew, WV 26378