The Citizens National Bank of Meridian in Meridian, Mississippi (MS)
| The Citizens National Bank of Meridian | |
|---|---|
| General | FDIC Certificate #: 4993 Status: Active Federal Reserve ID: 69333 Bank Holding Company (Regulatory Top Holder): Citizens National Banc Corp. (RSSDID: 3186576, Location: Meridian, MS) Date Established: January 01, 1888 WWW: http://www.yourcnb.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 29 (Domestic: 29, Interstate: No) FDIC's unique #: 3331 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 512 22nd Avenue, Meridian, MS 39301 County: Lauderdale Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Meridian, MS (#32940) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $1,115.7 mil Equity capital: $114.5 mil Deposits held in domestic offices: $932.3 mil Return on assets (ROA): 0.53% ($5.9 mil) Quarterly return on assets: 0.46% ($5.1 mil) Return on Equity (ROE): 5.33% ($6.1 mil) Quarterly return on equity: 4.47% ($5.1 mil) Net income: $6.0 mil Quarterly Net income: $1.3 mil Pretax return on assets: 0.53% ($5,913.2 mil) Quarterly Pretax return on assets: 0.46% ($5,132.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 314 |
| Total assets | $1,115,696 |
| Cash and due from depository institutions | $131,121 |
| Interest-bearing balances | $111,199 |
| Securities | $245,578 |
| Federal funds sold & reverse repurchase agreements | $105 |
| Net loans & leases | $680,328 |
| Loan loss allowance | $12,497 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32,960 |
| Other real estate owned | $11,999 |
| Goodwill and other intangibles | $0 |
| All other assets | $13,605 |
| Life insurance assets | $1,115,697 |
| Total liabilities and capital | $1,001,152 |
| Total liabilities | $932,293 |
| Total deposits | $780,564 |
| Interest-bearing deposits | $932,293 |
| Deposits held in domestic offices | $82 |
| % insured (estimated) | 12476.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $53,800 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,583 |
| All other liabilities | $114,545 |
| Total equity capital | $114,545 |
| Total bank equity capital | $114,545 |
| Perpetual preferred stock | $0 |
| Common stock | $1,425 |
| Surplus | $81,068 |
| Undivided profits | $32,052 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $4,929 |
| Income earned, not collected on loans | $17,124 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $4,625 |
| Average Assets, year-to-date | $1,037,210 |
| Average Assets, quarterly | $262,011 |
| Volatile liabilities | $1,143,500 |
| Insider loans | $1,121,078 |
| FHLB advances | $1,079,957 |
| Loans and leases held for sale | $1,123,126 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $121,053 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $111,458 |
| Derivatives | $14,506 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $47,501 |
| Total interest expense | $9,996 |
| Net interest income | $37,505 |
| Provision for loan and lease losses | $8,952 |
| Total noninterest income | $12,027 |
| Fiduciary activities | $903 |
| Service charges on deposit accounts | $7,476 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,648 |
| Total noninterest expense | $32,891 |
| Salaries and employee benefits | $17,973 |
| Premises and equipment expense | $4,150 |
| Additional noninterest expense | $10,768 |
| Pre-tax net operating income | $7,689 |
| Securities gains (losses) | -$1,654 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $6,035 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,035 |
| Net charge-offs | $0 |
| Cash dividends | $6,035 |
| Sale, conversion, retirement of capital stock, net | $7,935 |
| Net operating income | $2,375 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.47% |
| Cost of funding earning assets | 0.94% |
| Net interest margin | 3.53% |
| Noninterest income to earning assets | 1.13% |
| Noninterest expense to earning assets | 3.10% |
| Net operating income to assets | 0.67% |
| Return on assets (ROA) | 0.53% |
| Pretax return on assets | 0.53% |
| Return on equity (ROE) | 5.33% |
| Retained earnings to average equity (YTD only) | 3.23% |
| Net charge-offs to loans | 1.13% |
| Credit loss provision to net charge-offs | 112.82% |
| Efficiency ratio | 2.10% |
| Assets per employee | $66,404 |
| Cash dividends to net income (YTD only) | 3.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 39.35% |
| Loss allowance to noncurrent loans | 1.80% |
| Noncurrent assets plus other real estate owned to assets | 72.98% |
| Noncurrent loans to loans | 2.68% |
| Net loans and leases to deposits | 2.47% |
| Net loans and leases to core deposits | 72.97% |
| Equity capital to assets | 76.41% |
| Core capital (leverage) ratio | 10.27% |
| Tier 1 risk-based capital ratio | 10.78% |
| Total risk-based capital ratio | 11.21% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $1,143,500 |
| Average equity | $113,327 |
| Average loans | $1,062,037 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $190,735 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $158,680 |
| Employee benefit-defined contribution accounts | $91,333 |
| Employee benefit-defined benefit accounts | $3,451 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $6,635 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $50,297 |
| Fiduciary accounts held in foreign offices | $6,964 |
| Non-managed Assets | $0 |
| Number of Accounts | 205 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $6,635 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $32,055 |
| Corporate trust and agency accounts | $1 |
| Other fiduciary accounts | $28,307 |
| Fiduciary accounts held in foreign offices | $2,173 |
| 29 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3331 | The Citizens National Bank Of Meridi | 512 22nd Avenue, Meridian, MS 39301 | January 01, 1888 | Full Service Brick and Mortar |  |
| 2 | 206317 | Broadmoor Express Bank | Broadmoor Mart, Meridian, MS 39305 | August 25, 1960 | Limited Service Facility |  |
| 3 | 206318 | Medical Center Express Bank | 1015 23rd Avenue, Meridian, MS 39301 | March 25, 1957 | Limited Service Facility | |
| 5 | 206320 | 22nd Avenue South Express Bank | 613 22nd Avenue South, Meridian, MS 39301 | January 26, 1970 | Limited Service Facility | |
| 6 | 7312 | Macon Branch | 313 South Jefferson Street, Macon, MS 39341 | January 01, 1800 | Full Service Brick and Mortar | |
| 10 | 206324 | College Park Express Bank | Highway 19 North, Meridian, MS 39301 | September 20, 1979 | Limited Service Facility | |
| 11 | 206325 | Philadelphia Branch | 538 Main Street, Philadelphia, MS 39350 | May 31, 1985 | Full Service Brick and Mortar | |
| 12 | 206326 | Laurel Branch | 1127 Highway 15 North, Laurel, MS 39440 | August 28, 1985 | Full Service Brick and Mortar | |
| 13 | 11483 | Kosciusko Branch | 101 East Jefferson Street, Kosciusko, MS 39090 | October 15, 1955 | Full Service Brick and Mortar | |
| 14 | 241877 | Kosciusko Hwy 12 Branch | 120 Highway 12 East, Kosciusko, MS 39090 | August 28, 1963 | Full Service Brick and Mortar | |
| 15 | 206327 | Carthage Branch | 305 South Van Buren Street, Carthage, MS 39051 | June 23, 1986 | Full Service Brick and Mortar | |
| 16 | 6262 | Quitman Branch | 200 South Archusa Avenue, Quitman, MS 39355 | July 22, 1925 | Full Service Brick and Mortar | |
| 20 | 286207 | Waynesboro Branch | 810 Mississippi Drive, Waynesboro, MS 39367 | January 01, 1974 | Full Service Brick and Mortar | |
| 23 | 206328 | Hattiesburg Branch | 4599 Hardy Street, Hattiesburg, MS 39402 | November 06, 1995 | Full Service Brick and Mortar | |
| 24 | 206329 | Columbus Branch | 2412 Highway 45 North, Columbus, MS 39701 | August 01, 1996 | Full Service Brick and Mortar | |
| 25 | 206330 | Philadelphia Hwy 15 Branch | 1110 Central Drive, Philadelphia, MS 39350 | April 07, 1997 | Full Service Brick and Mortar | |
| 26 | 206331 | Bon. Lakes Mall Comm. Dep. Branch | 1510a Bonita Lakes Circle, Meridian, MS 39301 | November 01, 1997 | Limited Service Retail | |
| 27 | 206332 | Bonita Lakes Mall Branch | 1199 Bonita Lakes Circle, Meridian, MS 39301 | March 31, 1998 | Full Service Brick and Mortar | |
| 28 | 360876 | North Meridian Banking Centre Branch | 136 North Hills Street, Meridian, MS 39305 | January 22, 2001 | Full Service Brick and Mortar | |
| 29 | 360877 | East Columbus Banking Centre Branch | 115 Lehmberg Road, Columbus, MS 39702 | January 08, 2001 | Full Service Brick and Mortar | |
| 30 | 361030 | West Meridian Banking Centre Branch | 2100 Highway 19 North, Meridian, MS 39301 | January 22, 2001 | Full Service Brick and Mortar | |
| 31 | 419494 | Pear Orchard Banking Centre Branch | 744 Pear Orchard Road, Ridgeland, MS 39157 | October 01, 2002 | Full Service Brick and Mortar | |
| 32 | 428722 | West Hattiesburg Banking Center | 5248 Old Highway 11, Hattiesburg, MS 39402 | January 27, 2004 | Limited Service Loan Production | |
| 33 | 437773 | South Hattiesburg Banking Centre Bra | 5917 U.S. Highway 49, Hattiesburg, MS 39402 | October 04, 2004 | Full Service Brick and Mortar | |
| 34 | 439377 | Castlewoods Banking Centre Branch | 102 Plaza Drive, Brandon, MS 39047 | August 18, 2004 | Full Service Brick and Mortar | |
| 35 | 447428 | Olive Branch | 7203 Goodman Road, 2nd Floor Suite D, Olive Branch, MS 38654 | December 27, 2005 | Full Service Brick and Mortar | |
| 36 | 448826 | Madison Banking Centre | 114 Grandview Boulevard, Madison, MS 39110 | Febuary 01, 2006 | Full Service Brick and Mortar | |
| 37 | 457996 | West Hattiesburg Banking Center | 6258 Us Highway 98, Hattiesburg, MS 39402 | October 31, 2006 | Full Service Brick and Mortar | |
| 39 | 493043 | Southaven Banking Centre Branch | 6296 Airways Boulevard, Southaven, MS 38671 | May 15, 2009 | Full Service Brick and Mortar | |
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