Citizens Community Bank
Ridgewood, NJ
$40.7M
total assets, March 31, 2009
$40.7M
total assets, March 31, 2009
Citizens Community Bank was a state nonmember bank in Ridgewood, NJ. It failed on May 1, 2009, and North Jersey Community Bank took over its deposits. At its last report it held $40.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2009
This bank failed
- Failed on
- May 1, 2009
- Assets
- $40.7M
- Deposits
- $40.7M
- Estimated cost
- $18.2M
- Deposits went to
- North Jersey Community Bank, Englewood Cliffs, NJ
Total assets
$40.7M
-11.3% in a year · -8.2% in a quarter
Deposits
$40.7M
-5.9% in a year · -7.0% in a quarter
Loans
$28.3M
-18.3% in a year · -8.7% in a quarter
Profit so far
-$384K
Jan 1 to Mar 31, 2009
Capital ratio
-1.43%
-5.84 pts in a year
Return on assets
-3.62%
+0.37 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 171 East Ridgewood Avenue, Ridgewood, NJ, 07450
- County
- Bergen
- Established
- Oct 28, 2004
- Failed
- May 1, 2009
- Employees
- 14
- Branches
- 1
- Id
- b57563
Quarter by quarter
December 31, 2004 to March 31, 2009
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 Community Bank?
$40.7 million in total assets and $40.7 million in deposits as of March 31, 2009, with assets down 11.3% from a year before. Its loans were $28.3 million.
How many branches does Citizens Community Bank have?
1 branch in New Jersey as of June 30, 2026.
Is Citizens Community Bank profitable?
No: it lost $384,000 from January 1 to March 31, 2009. Its return on assets was -3.62% a year; about 1% is typical.
When did Citizens Community Bank fail?
May 1, 2009. North Jersey Community Bank of Englewood Cliffs, NJ took over its deposits. The estimated cost of the failure was $18.2 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.