The Citizens Bank (SC)

The Citizens Bank (SC) is headquartered in Olanta and is the 29^th largest bank in the state of South Carolina. It is also the 1,781^st largest bank in the nation. It was established in 1938 and as of March of 2012, it had grown to 122 employees at 16 locations. The Citizens Bank (SC) has a 4-star health rating.

Data for Q1 2012

Institution Statistics The Citizens Bank FDIC Certificate # 15932 BankRate Report View Year Established 1938 Employees 122 Primary Regulator FDIC Assets and Liabilities Assets $374.52 million Loans $220.56 million Deposits $330.45 million Equity Capital $33.84 million Loan Loss Allowance $4.39 million Unbacked Noncurrent Loans $2.82 million Real Estate Owned $2.34 million Historic Data - March 2011 Assets $334.68 million Equity Capital $31.77 million Loan Loss Allowance $3.95 million Unbacked Noncurrent Loans $2.99 million Real Estate Owned $1.97 million Profit Margin - Quarterly Net Interest Margin 4.16% Return on Assets 0.7% Return on Equity 7.6% Interest Income $3.91 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 The Citizens Bank (SC) had $5.16 million in non-current loans and owned real-estate with $38.24 million in equity and loan loss allowances on hand to cover it. This gives The Citizens Bank (SC) a Texas Ratio of 13.50% 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 The Citizens Bank (SC) held steady from 13.89% as of March 31, 2011 to 13.50% as of March 31, 2012, resulting in a positive change of 2.87%.This indicates that the balance sheet and financial strength for The Citizens Bank (SC) has held steady in recent periods. Deposit Growth In the past year, The Citizens Bank (SC) has increased its total deposits by $38.88 million, resulting in 13.33% 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 (SC) has shown is excellent. 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. The Citizens Bank (SC) has $374.52 million in assets with $38.24 million in equity, resulting in a capitalization level of 10.21%, which is above average.

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