# CITIZENS STATE BANK
VERNON, AL · FDIC certificate 22523 · asset band <$300M · latest filing 2022-06 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 4 (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 | $81.3M | |
| Deposits | $61.8M | |
| Loans and leases | $26.3M | |
| Total equity | $5.4M | |
| Loans / deposits | 41.92% (p20 of band) | 61.37% |
| Liquid assets / assets | 66.68% (p89 of band) | |
| Uninsured deposits / deposits | 9.02% (p9 of band) | 20.48% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 17.22% (p97 of band) | |
| FHLB advances / assets | 17.22% | |
| Tier 1 leverage | 13.40% (p77 of band) | 10.54% |
| Unrealized securities loss / equity | -108.88% (p6 of band) | -19.24% |
| AOCI / equity | -105.78% (p5 of band) | |
| ROA (annualized) | 0.88% (p56 of band) | 0.80% |
| Net interest margin | 2.33% (p14 of band) | 3.08% |
| Efficiency ratio | 59.86% (p21 of band) | |
| Noncurrent loans | 0.09% (p37 of band) | 0.23% |
| Net charge-offs (annualized) | -0.01% (p18 of band) | |
| Reserve coverage of noncurrent | 1747.83% | |
| Real estate % of loans | 60% | |
| Construction % of loans | 28.84% (p60 of band) | |
| Auto loans | $1.1M (4.04% of loans; DQ 11.28%, NCO 0.06%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.2% | |
| Employees | 15 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **AOCI drag >20% of equity** (`cap_aoci`)
- **securities losses >30% of equity** (`cap_secloss`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | brokered >10%, wholesale funding >15%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 4 |  | expense ratio p90, noncurrent p90, construction >100% equity |
| 2011-09 | 3 |  | losing money |
| 2011-12 | 3 |  |  |
| 2012-03 | 3 |  |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 4 | deposits shrinking |  |
| 2012-12 | 7 | capital falling, assets shrinking, uninsured deposits leaving |  |
| 2013-03 | 7 |  |  |
| 2013-06 | 6 |  | capital falling |
| 2013-09 | 5 |  | assets shrinking |
| 2013-12 | 3 |  | deposits shrinking, uninsured deposits leaving |
| 2014-03 | 3 |  |  |
| 2014-06 | 4 | noncurrent p90 |  |
| 2014-09 | 6 | deposits shrinking, assets shrinking |  |
| 2014-12 | 5 | charge-offs p90 | deposits shrinking, assets shrinking |
| 2015-03 | 5 | NIM <2.5% | charge-offs p90 |
| 2015-06 | 7 | deposits shrinking, uninsured deposits leaving |  |
| 2015-09 | 6 |  | deposits shrinking |
| 2015-12 | 4 |  | brokered >10%, uninsured deposits leaving |
| 2016-03 | 7 | brokered >10%, losing money, deposits shrinking |  |
| 2016-06 | 5 |  | brokered >10%, losing money |
| 2016-09 | 6 | assets shrinking |  |
| 2016-12 | 8 | losing money, charge-offs p90, uninsured deposits leaving | noncurrent p90 |
| 2017-03 | 6 |  | losing money, charge-offs p90 |
| 2017-06 | 3 |  | reserve under noncurrent, deposits shrinking, assets shrinking |
| 2017-09 | 5 | deposits shrinking, assets shrinking |  |
| 2017-12 | 4 |  | assets shrinking |
| 2018-03 | 3 |  | uninsured deposits leaving |
| 2018-06 | 5 | assets shrinking, uninsured deposits leaving |  |
| 2018-09 | 4 |  | assets shrinking |
| 2018-12 | 4 |  |  |
| 2019-03 | 5 | assets shrinking |  |
| 2019-06 | 4 |  | assets shrinking |
| 2019-09 | 2 |  | deposits shrinking, uninsured deposits leaving |
| 2019-12 | 2 |  |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 3 | capital falling |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 4 | charge-offs p90 |  |
| 2021-06 | 3 |  | charge-offs p90 |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 6 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity, charge-offs p90 |  |
| 2022-06 | 4 |  | capital falling, charge-offs p90 |

## 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
- 2022-08-04 [Avadian Credit Union completes Citizens State Bank acquisition - businessalabama.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxPdm9CNVAwSEdBZ2lvNGpEbUpiNzdCZzV5QTkwQkxuZ3hjdzg2S1YwWkVpU0c2VHM0Q2hyLUw0Q3dGbXlRSnUtWDhxdVhpYW5QZFFGaVZfYkZDZ1NGT0dwdGctSTBfeFpIeGx3ZlVRS2VDd0IwZ2tIMnJORG40dE1sRXM5YlYyWkNuckZOaHNrMjV3VmlBVXc?oc=5) · businessalabama.com
- 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
- 2021-12-20 [Avadian Credit Union to acquire Vernon-based Citizens State Bank - The Business Journals](https://news.google.com/rss/articles/CBMinwFBVV95cUxQT1l6N3lLdXI4QkhacUlsYU5sTGRCWXZTZGR2S1B5cW0wMXB5ZFlyb3ZYVnBxOV9mMktuQllwaXduRzgyWnZiVTBVSEI5VVF1TEFtMThiRlEtSXFacXhzUTlTQ0F4anBBUzNpVVVPRXFLV0RsYjhsZ05MTFVpZVJsZTZwaXBGMDhHR0tnWUg3WXFMNHlMWEFianlyWmxSd0E?oc=5) · The Business Journals
- 2021-12-17 [Avadian Credit Union Purchases Bank - cutoday.info](https://news.google.com/rss/articles/CBMifEFVX3lxTE1rdTN6d0E0TGhvME9VbDJ2SElSUzIwdnMyWnNCeWhMT2J5T2NqSW5NRF9nR3RiTm9ZYkstRWFrX2tUX1ViMXl6blByWVBSQnBzZlFjYjJUdzVQWWVHSVBaaTl3VzRhSVhXY0lyRzB1d1JYYjk1SDMyQ3NJdVM?oc=5) · cutoday.info
- 2024-01-03 [All In Credit Union to acquire five bank branches in Alabama - American Banker](https://news.google.com/rss/articles/CBMirgFBVV95cUxPNXFZcm1mdmkyRmNCUlp1SFdrWmZRN2ZiOE9hcmhMdG4wUWxjcUQ4UW9LTGRNUHR4QXhJaXk5OG9KWGZVaVVIcXFNcHdoRGxOWFpyR2dzX2xYU25ucm1GYml4REs4dGQ4bEFvZ2xEUjZ6NVFON3FrXzh3VEFLUWdXdWNXUFBrYThrdW1hRHFFaHkxN0tpRzA4dV9Oay14dk5oWVpualJFSUlJVmVVVWc?oc=5) · American Banker
- 2024-06-12 [Citizens State Bank opens Montrose branch - Montrose Daily Press](https://news.google.com/rss/articles/CBMixAFBVV95cUxOaVByTEdNMWJ4WTZJZEVSdUFQdnpucDhoRGJHSjN0aDNpWTY1dXdCTGk4R2pkVlo2dm90ektDNHdmVVlDZG9XbmxLeVRTdkh5aEhuMlpqY0hLUnVoREZSQzlzLVRxZjRJaG5ObFREUzhPMEdCNTJ3RmN5OFNDV1ljSjc5ek04aTNJVHlaODFjT3VwODNiYnJNMi1iZWJETUMtMVdYdUxwVlk0UGc4MWEwR0xHT2FDcGpWYmo2bXljdHUyRWxJ?oc=5) · Montrose Daily Press
- 2021-12-17 [Avadian Credit Union acquiring Citizens State Bank of Vernon - businessalabama.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxOQkM4cWxNV0tWWTdjZVZnUVZlN3d3cG1YNVJhS2lfaWJuNVBrY2pUNjVhaGw2OUppLUhhS2VuWlR1QmU0bVROVXNkdk1XZC1kVm9ZTUduODhMS3JzVnUyYWhVUlZBUXdMRzBVQ2FuQUpIbWlWZ0ZtTkw5S0hUajNDVlZxZVVIM3k0bmItVUZ5MmVFeEk?oc=5) · businessalabama.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=22523 (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/59.json (key "22523", 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