Citizens State Bank
New Baltimore, MI · Owner: Citizens State Bcorp Inc
$169M
total assets, September 30, 2009
$169M
total assets, September 30, 2009
Citizens State Bank was a state nonmember bank in New Baltimore, MI, owned by Citizens State Bcorp Inc. It failed on Dec 18, 2009, and its insured deposits were paid out. At its last report it held $168.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Dec 18, 2009
- Assets
- $169M
- Deposits
- $157M
- Estimated cost
- $68.2M
- Deposits went to
- temporary bridge bank
Total assets
$169M
-14.8% in a year · -9.6% in a quarter
Deposits
$157M
-10.6% in a year · -9.0% in a quarter
Loans
$132M
-13.9% in a year · -3.3% in a quarter
Profit so far
-$11.2M
Jan 1 to Sep 30, 2009
Capital ratio
1.23%
-7.17 pts in a year
Return on assets
-7.92%
-5.84 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 51066 Washington Street, New Baltimore, MI, 48047
- County
- Macomb
- Holding company
- Citizens State Bcorp Inc
- Established
- Jun 3, 1922
- Failed
- Dec 18, 2009
- Employees
- 58
- Branches
- 7
- Id
- b1006
Quarter by quarter
March 31, 1984 to September 30, 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 State Bank?
$168.6 million in total assets and $157.1 million in deposits as of September 30, 2009, with assets down 14.8% from a year before. Its loans were $131.8 million.
How many branches does Citizens State Bank have?
7 branches in Michigan as of June 30, 2026.
Is Citizens State Bank profitable?
No: it lost $11.2 million from January 1 to September 30, 2009. Its return on assets was -7.92% a year; about 1% is typical.
Who owns Citizens State Bank?
Citizens State Bank is owned by Citizens State Bcorp Inc, its holding company.
When did Citizens State Bank fail?
Dec 18, 2009. The estimated cost of the failure was $68.2 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.