Citizens Bank of Effingham
Springfield, GA · Owner: Citizens Effingham Bancshares
$214M
total assets, December 31, 2010
$214M
total assets, December 31, 2010
Citizens Bank of Effingham was a state nonmember bank in Springfield, GA, owned by Citizens Effingham Bancshares. It failed on Feb 18, 2011, and Heritage Bank Of The South took over its deposits. At its last report it held $214.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2010
This bank failed
- Failed on
- Feb 18, 2011
- Assets
- $214M
- Deposits
- $206M
- Estimated cost
- $48.2M
- Deposits went to
- Heritage Bank Of The South, Albany, GA
Total assets
$214M
-12.3% in a year · -1.5% in a quarter
Deposits
$206M
-8.6% in a year · -0.9% in a quarter
Loans
$145M
-23.3% in a year · -10.8% in a quarter
Profit so far
-$10.1M
Jan 1 to Dec 31, 2010
Capital ratio
0.97%
-4.00 pts in a year
Return on assets
-4.41%
-1.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 802 South Laurel Street, Springfield, GA, 31329
- County
- Effingham
- Holding company
- Citizens Effingham Bancshares
- Established
- Sep 8, 1998
- Failed
- Feb 18, 2011
- Employees
- 42
- Branches
- 4
- Id
- b34601
Quarter by quarter
September 30, 1998 to December 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citizens Bank of Effingham?
$214.3 million in total assets and $206.5 million in deposits as of December 31, 2010, with assets down 12.3% from a year before. Its loans were $144.8 million.
How many branches does Citizens Bank of Effingham have?
4 branches in Georgia as of June 30, 2026.
Is Citizens Bank of Effingham profitable?
No: it lost $10.1 million from January 1 to December 31, 2010. Its return on assets was -4.41% a year; about 1% is typical.
Who owns Citizens Bank of Effingham?
Citizens Bank of Effingham is owned by Citizens Effingham Bancshares, its holding company.
When did Citizens Bank of Effingham fail?
Feb 18, 2011. Heritage Bank Of The South of Albany, GA took over its deposits. The estimated cost of the failure was $48.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.