The Citizens Bank
Ogden, UT · Owner: Citizens Bankshares Inc
$93.6M
total assets, March 31, 1985
$93.6M
total assets, March 31, 1985
The Citizens Bank was a state nonmember bank in Ogden, UT, owned by Citizens Bankshares Inc. It failed on Oct 18, 1985, and Commercial Security Bank took over its deposits. At its last report it held $93.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Oct 18, 1985
- Assets
- $93.5M
- Deposits
- $85.5M
- Estimated cost
- $33.9M
- Deposits went to
- Commercial Security Bank, Ogden, UT
Total assets
$93.6M
+14.2% in a year · +0.5% in a quarter
Deposits
$87.6M
+20.1% in a year · +1.3% in a quarter
Loans
$73.8M
+26.3% in a year · +8.2% in a quarter
Profit so far
$120K
Jan 1 to Mar 31, 1985 · +31.9% in a year
Capital ratio
2.00%
-4.56 pts in a year
Return on assets
0.51%
+0.07 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 2144 Washington Boulevard, Ogden, UT, 84401
- County
- Weber
- Holding company
- Citizens Bankshares Inc
- Established
- Mar 5, 1965
- Failed
- Oct 18, 1985
- Employees
- 88
- Id
- b19383
Quarter by quarter
March 31, 1984 to March 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 5
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is The Citizens Bank?
$93.6 million in total assets and $87.6 million in deposits as of March 31, 1985, with assets up 14.2% from a year before. Its loans were $73.8 million.
Is The Citizens Bank profitable?
Yes: it earned $120,000 from January 1 to March 31, 1985 (up 31.9% from the same months a year before). Its return on assets was 0.51% a year; about 1% is typical.
Who owns The Citizens Bank?
The Citizens Bank is owned by Citizens Bankshares Inc, its holding company.
When did The Citizens Bank fail?
Oct 18, 1985. Commercial Security Bank of Ogden, UT took over its deposits. The estimated cost of the failure was $33.9 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.