# CITIZENS STATE BANK
PERRY, FL · FDIC certificate 17880 · asset band <$300M · latest filing 2019-06 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $272.7M | |
| Deposits | $231.9M | |
| Loans and leases | $190.6M | |
| Total equity | $30.3M | |
| Loans / deposits | 81.39% (p57 of band) | 77.89% |
| Liquid assets / assets | 28.50% (p48 of band) | |
| Uninsured deposits / deposits | 27.79% (p86 of band) | 15.76% |
| Brokered deposits | 2.30% | |
| Wholesale funding | 5.97% (p72 of band) | |
| FHLB advances / assets | 3.67% | |
| Tier 1 leverage | 11.06% (p44 of band) | 11.44% |
| Unrealized securities loss / equity | -0.40% (p10 of band) | 0.54% |
| AOCI / equity | 3.10% (p62 of band) | |
| ROA (annualized) | 1.19% (p60 of band) | 1.03% |
| Net interest margin | 4.10% (p67 of band) | 3.82% |
| Efficiency ratio | 65.25% (p39 of band) | |
| Noncurrent loans | 0.40% (p43 of band) | 0.54% |
| Net charge-offs (annualized) | 0.41% (p96 of band) | |
| Reserve coverage of noncurrent | 248.90% | |
| Real estate % of loans | 42% | |
| Construction % of loans | 87.14% (p93 of band) | |
| Auto loans | $162,000 (0.08% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $1.0M (3% of equity) (p98 of band) | |
| Deposits YoY | -1.3% | |
| Employees | 48 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 3 | construction >100% equity |  |
| 2011-12 | 1 |  | charge-offs p90, construction >100% equity |
| 2012-03 | 1 |  |  |
| 2012-06 | 3 | capital falling, construction >100% equity |  |
| 2012-09 | 2 |  | capital falling |
| 2012-12 | 2 |  |  |
| 2013-03 | 3 | capital falling |  |
| 2013-06 | 2 |  | capital falling |
| 2013-09 | 1 |  | construction >100% equity |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 3 | brokered >10% |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 2 |  | reserve under noncurrent |
| 2015-03 | 4 | capital falling, reserve under noncurrent |  |
| 2015-06 | 2 |  | brokered >10%, reserve under noncurrent |
| 2015-09 | 1 |  | capital falling |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 3 | deposits shrinking, assets shrinking |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 2 |  | assets shrinking |
| 2017-06 | 1 |  | deposits shrinking |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | capital falling |  |
| 2019-03 | 1 |  | capital falling |
| 2019-06 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2021-12-21 [Alabama’s Avadian Credit Union buys bank in year’s 13th such deal - Banking Dive](https://news.google.com/rss/articles/CBMipwFBVV95cUxQeEZ3MlhHWTJJUVFxNkRhTk5HZExBbGVGZTFkYkFrdHUzOFRNVG8tYzVwNkRjZExxU0I3RkJXd19Wd2FkVDV1bEt0RmRQTnlSRDh3VEJCOWdjaFhpaUE2Zk5LVHZWMFJ2RkVjVmYwNzFyTzJNa1JvaTlsS3VsbG9uM0JZN3Q4VHZ6ek5NOV9ScFhRdGZwUEdVR2dqdm5zN1ZCVEp4bWo4SQ?oc=5) · Banking Dive
- 2019-01-22 [Taylor County bank acquired by credit union based in Jacksonville - WTXL ABC 27](https://news.google.com/rss/articles/CBMi2AFBVV95cUxNS3M1dl9VVlZhTEtPZ2pBQWxCd1F2aWluNWZEVTJOdi1yYkIwRk9PRElsQU5jRzQteXlMYUd3NDVidzVkdUlfWkFEU2ZJZGF3M182RHdya0pzemJ0THNzWmNLT2s5cUhzbkhIbFZTaTBtXzJ5bnVoQTlDQnZSMklHY2gtOUdEdEFYMXdhNXU5YmFMejVvcXNGejhkZ3hIUUlNRUZocmt4TWZLeTJJVFMxZ29zNG5aX2M3bFh3U1pQRXA3RU1PM0xaSUlkT1VhYWVQcE54dlVGUkw?oc=5) · WTXL ABC 27
- 2019-01-14 [VyStar Credit Union to acquire Citizens State Bank - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMioAFBVV95cUxQX1REUFJ2endUbFg5VzYycW55NzZkaW5Cc0lRc3J4Tlk2TVQ4a3A5T1JVbjRPbWZHWDFzSmIteHdoOGRORGhRdi1tM1hSRkVobFZBOWdSSmJkQXROeTFIbDVRaVZ2SkdXZjZmSS05YmE3SzVNZkd0XzVxMzZSOUNrVzhhVG92SXlZUW5ybWtBbnloZGxrT2hPM2MzZHFjYlBM?oc=5) · Jacksonville Daily Record
- 2024-06-12 [Citizens State Bank opens Montrose branch - Montrose Daily Press](https://news.google.com/rss/articles/CBMixAFBVV95cUxOaVByTEdNMWJ4WTZJZEVSdUFQdnpucDhoRGJHSjN0aDNpWTY1dXdCTGk4R2pkVlo2dm90ektDNHdmVVlDZG9XbmxLeVRTdkh5aEhuMlpqY0hLUnVoREZSQzlzLVRxZjRJaG5ObFREUzhPMEdCNTJ3RmN5OFNDV1ljSjc5ek04aTNJVHlaODFjT3VwODNiYnJNMi1iZWJETUMtMVdYdUxwVlk0UGc4MWEwR0xHT2FDcGpWYmo2bXljdHUyRWxJ?oc=5) · Montrose Daily Press
- 2020-02-24 [Third Generation To Lead Somerville Based Citizens State Bank - WTAW](https://news.google.com/rss/articles/CBMihgFBVV95cUxNSXFuZ1hkQXZiWHZuWmxPQVFtSUYwNk45ODc1Vjd4RTB3QTdEY052ZWFITy1nSnoycVB5NTkyRDQ3Q3NFcE9jNmFlTlpmZWFJN2FLSkk3aFhfU0FMaUFpRUtLY2hRdmhueDVHejRBVTZGZGt4WDVIVl9YMnZQeVpEcXlYTE9kZw?oc=5) · WTAW
- 2019-03-05 [Organizers planning new bank in the Florida Keys - American Banker](https://news.google.com/rss/articles/CBMijAFBVV95cUxOVXRBdHFWSFRuQ0VfMk5SYTRXRDM1aS11UGlKcHVaUVRRVDFORVJYWUMyX1FSQjN6OXE4c21NaXFQUVhoZFU3ZTJqcDVOVGI2MWZ6a05qemZJMDhOUWs1VXI0aWoyTDlBRXY5cG44ci10eHpoYVkxZlFFY3FZZjZvcllmUUlXNFNCMXFHaQ?oc=5) · American Banker

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=17880 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/24.json (key "17880", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide