# CITIZENS SOUTH BANK
GASTONIA, NC · FDIC certificate 28833 · asset band $300M-1B · latest filing 2012-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $938.2M | |
| Deposits | $826.7M | |
| Loans and leases | $707.6M | |
| Total equity | $93.6M | |
| Loans / deposits | 84.16% (p67 of band) | 75.94% |
| Liquid assets / assets | 14.57% (p11 of band) | |
| Uninsured deposits / deposits | 11.56% (p45 of band) | 12.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.82% (p19 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 9.86% (p53 of band) | 9.72% |
| Unrealized securities loss / equity | 3.12% (p38 of band) | 4.38% |
| AOCI / equity | -0.27% (p10 of band) | |
| ROA (annualized) | -1.35% (p2 of band) | 0.85% |
| Net interest margin | 3.73% (p53 of band) | 3.69% |
| Efficiency ratio | 131.81% (p99 of band) | |
| Noncurrent loans | 6.46% (p90 of band) | 1.75% |
| Net charge-offs (annualized) | 1.11% (p92 of band) | |
| Reserve coverage of noncurrent | 25.99% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 96.23% (p91 of band) | |
| Auto loans | $1.4M (0.20% of loans; DQ 4.98%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | -7.3% | |
| Employees | 205 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | losing money, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  | losing money |
| 2011-09 | 2 |  |  |
| 2011-12 | 3 | noncurrent p90 |  |
| 2012-03 | 5 | capital falling, losing money, charge-offs p90 | construction >100% equity |
| 2012-06 | 6 | deposits shrinking, assets shrinking | capital falling |
| 2012-09 | 7 | expense ratio p90 |  |

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

- 2013-08-14 [A year after merger, Gaston still a focus for Park Sterling Bank - Gaston Gazette](https://news.google.com/rss/articles/CBMimwFBVV95cUxPelhYV1ZLT25RaUVYckhKM0NoeU05dXhwYkMzcjRpakJnWEdmRnZyRmhveDNzNjJTcXQ3dExXLWdOMkwtRFZUa052bmUtRS1nYXZwVnZhUHZSeWY0QjlhMGVkdjR2ellnUjN5Nmk2ODJNWWdJNy1uME1KZ0R0OVlUMmxIbWFTYWM4MXMzVGlfZ0w1bERNTXhBUkozSQ?oc=5) · Gaston Gazette
- 2021-07-23 [Two area banks close, reopen under new names - Gainesville Times](https://news.google.com/rss/articles/CBMiogFBVV95cUxQSUF0T3dhalY1TUptUUJkX2lnWktlZTZHdUhtSkVNSkVKRWc3QllDanVpRk5RV1ZzSExwWnRMak1kZXo5UmZuLWFydjFPMVJQcmJ4X1NRZlN6NXZNN3BoZDhYOER3Yk5XaFVsVHpZQzBINkZDNDQzdEZXUzNScjhKRzBjbzRvQWpXa1F4cUdvTEVNYmxGTUlkQUFnX01XM0hrTmc?oc=5) · Gainesville Times
- 2025-08-03 [Kristen "Alex" Kahle Obituary Nov 4, 2007 - Gordon Funeral Service & Crematory](https://news.google.com/rss/articles/CBMibkFVX3lxTE8tOEZUUWVMQmZ1R2pfZHhRYTdnR1ZPZnNEeWZ6cDRMU28yWHFKNlJWS3A3cWd5Ny11dmtjeG1OaGNLV0R3dXlCdUU0b1lWRlZXRmExUFZaOWxNcXdJUkMwWEZqLTZyN3Q4dEYyczRR?oc=5) · Gordon Funeral Service & Crematory
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2014-10-19 [Johnsie Baity Obituary Oct 19, 2014 - Nicholson Funeral Home](https://news.google.com/rss/articles/CBMiakFVX3lxTFBadzVma1RsVzhrQkNiM25pSk9FTHJOWVlNU28yMDVqamZFQUM2MzBtczBBWml1VnVkRkpXbmJ2aXVtRDQtRGhxYllpUFR6V29ib2xzUXAyU0pyZl9xS0c2bjF0aDY0VTNVaUE?oc=5) · Nicholson Funeral Home
- 2010-09-30 [Mary Falls Obituary - Charlotte, NC - Dignity Memorial](https://news.google.com/rss/articles/CBMif0FVX3lxTE9nRHV5WFRTMFZ2eUtZVkxubjhUQld2cHJER2FoTkZwbUUxY1IxbEdxV1lwYnExTEV3RHNCak93NkVSUGN1UDg3Tk1kaTc0cXIxQXpldm80aDRPWExNZ2F0UFNLSWJycm94Vm1INGVBQ0tGV1RNR1Q4YTdVTVNmMjg?oc=5) · Dignity Memorial
- 2018-02-15 [Mary Cloninger Obituary (2018) - Gastonia, NC - Gaston Gazette - legacy.com](https://news.google.com/rss/articles/CBMilgFBVV95cUxOVE13eDNSV1Rqa1RUWU1oMTdjX19fSWRHbDhnUXAtdWNKWEpPMWFHZlhzQnpEQXRlbHB1WFRNQWtaTTM0QUpHQnoyT3lEbHB1a3JaR1pCUzFZdThNNHkxSC1YR3Q3QWZXY3BYOURqV3ZiZnBHY2JwckM5NEVkY3dSVi1qYnh1LU5yLWdhd3h2MkFLOC1rZVE?oc=5) · legacy.com
- 2019-09-12 [Local bank hires new Gaston County market president - Gaston Gazette](https://news.google.com/rss/articles/CBMiuwFBVV95cUxOWFlRNnFRWm1vTzJLU3Y3dzg2VWQzSlNTTEtNeWFxSjEzbVZad2t3cUMyMDNPSFR5RzJOV3lVM1JNYkZudFhMcVFXSEJPRDJhUXc5Z09laExtVUtQTlVNQnRrMWlRdk50Y3V1enNhRGk2VUt3cXFXY2tlN0N5M0NrU2pBcV9maGUwT0xYWTFpNkNGV3V4aWFIZng3VFpaT1lHOU51VDVIT1BJei1Za2RxM2I3d3NMNnNtbGZj?oc=5) · Gaston Gazette

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=28833 (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/33.json (key "28833", 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