Citizens Bank of Pennsylvania (merged into Citizens Bank)
Citizens Bank of Pennsylvania reported total assets of $33.8 bn at Q4 2018, its last Call Report before it merged into Citizens Bank. The CET1 capital ratio at Citizens Bank of Pennsylvania was 13.20%, and the uninsured share of Citizens Bank of Pennsylvania was 39.93%. Source: FDIC Call Reports.
What sets Citizens Bank of Pennsylvania apart
Nothing in the latest data sets Citizens Bank of Pennsylvania apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Citizens Bank of Pennsylvania?
The balance sheet of Citizens Bank of Pennsylvania at : assets $33.8 bn, deposits $29.7 bn, net loans $17.8 bn (loans equal to 60.00% of deposits). Securities make up 32.9% of total assets at Citizens Bank of Pennsylvania. Since , when Citizens Bank of Pennsylvania held $36.4 bn, its assets shrank 7.0%. In the year to , deposits at Citizens Bank of Pennsylvania fell 5.9% while its total assets fell 5.1%. At , Citizens Bank of Pennsylvania employed 2,772 full-time equivalent staff across 343 offices, about $12.2 mn of assets per employee and $86.5 mn of deposits per office.
How much funding at Citizens Bank of Pennsylvania is uninsured?
At Citizens Bank of Pennsylvania, uninsured deposits (above the FDIC limit) made up 39.93% of domestic deposits at (+5.29 pp on a year earlier). In dollars, Citizens Bank of Pennsylvania estimated $11.8 bn of uninsured deposits.
Key facts, Q4 2018
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $29.7 bn | $31.5 bn (Q4 2017) | |
| Net loans and leases | $17.8 bn | $18.6 bn (Q4 2017) | |
| Loan-to-deposit ratio | 60.00% | 59.03% (Q4 2017) | |
| Tier 1 leverage ratio | 9.04% | 8.74% (Q4 2017) | |
| Total risk-based capital ratio | 14.07% | 13.88% (Q4 2017) | |
| Net interest margin | 2.86% | 2.73% (Q4 2017) | |
| Return on assets (ROA) | 1.06% | 0.91% (Q4 2017) | |
| Efficiency ratio | 58.43% | 61.27% (Q4 2017) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $44.8 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Loss of $204.2 mn | Widened by $118.1 mn | |
| Noncurrent loans to total loans | 0.74% | 0.84% (Q4 2017) | |
| Net charge-offs to average loans | 0.16% | 0.23% (Q4 2017) |
US rank of Citizens Bank of Pennsylvania: 1 = highest unless marked 1 = lowest.
Balance sheet
Citizens Bank of Pennsylvania: assets, deposits and loans
- Total assets $33.8bn
- Deposits $29.7bn
- Net loans $17.8bn
Capital and securities
The CET1 ratio of Citizens Bank of Pennsylvania stood at 13.20% in , +0.33 pp year on year. Low and high at Citizens Bank of Pennsylvania since : 12.36% () to 13.20% (). Equity capital of Citizens Bank of Pennsylvania at : $3.7 bn, or 10.9% of total assets. Citizens Bank of Pennsylvania also reported a total capital ratio of 14.07% for , and a tier 1 leverage ratio of 9.04%.
On held-to-maturity securities, Citizens Bank of Pennsylvania carried an unrealized loss of $44.8 mn at , equal to 1.2% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $75.1 mn in . The available-for-sale portfolio of Citizens Bank of Pennsylvania showed an unrealized loss of $204.2 mn at ; the loss widened by $118.1 mn over the year.
Citizens Bank of Pennsylvania: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 9.0%
Citizens Bank of Pennsylvania: unrealized securities gains and losses
- Available for sale -$204mn
- Held to maturity -$45mn
Profitability and loan quality
For the year to , Citizens Bank of Pennsylvania earned a return on equity of 10.19%; return on assets: 1.06%. Net interest margin at Citizens Bank of Pennsylvania: 2.86%, +0.13 pp in a year. Citizens Bank of Pennsylvania net income: $373.4 mn, up 13.7% year on year. The efficiency ratio of Citizens Bank of Pennsylvania was 58.43%: about 58 cents cost per revenue dollar, against 62 cents at the median peer.
At , noncurrent loans were 0.74% of total loans at Citizens Bank of Pennsylvania; net charge-offs: 0.16% of average loans. Gross loans and leases at Citizens Bank of Pennsylvania: $18.0 bn at , against $18.8 bn at .
Citizens Bank of Pennsylvania: profitability
- Return on equity 10%
- Net interest margin 2.9%
- Return on assets 1.1%
Peer group of Citizens Bank of Pennsylvania
The peer group of Citizens Bank of Pennsylvania is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Citizens Bank of Pennsylvania (state-chartered stock savings bank) and 1 has its head office in Pennsylvania. Against them, Citizens Bank of Pennsylvania shows CET1 ratio 13.20% against a peer median of 11.34%, return on equity 10.19% against a peer median of 9.98% and uninsured deposit share 39.93% against a peer median of 32.85%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| EverBank | National bank | FL | $36.9 bn | 13.48% | 6.35% | 18.15% | |
| First-Citizens Bank & Trust Company | State nonmember bank | NC | $35.3 bn | 12.17% | 12.63% | 35.67% | |
| BOKF | National bank | OK | $34.1 bn | 10.50% | 13.82% | 52.91% | |
| Citizens Bank of Pennsylvania | State-chartered stock savings bank | PA | $33.8 bn | 13.20% | 10.19% | 39.93% | |
| Associated Bank | National bank | WI | $33.6 bn | 10.29% | 9.98% | 49.47% | |
| Barclays Bank Delaware | State nonmember bank | DE | $33.1 bn | 13.22% | 9.97% | 6.78% | |
| First National Bank of Pennsylvania | National bank | PA | $33.0 bn | 9.94% | 8.37% | 30.03% | |
. FDIC Call Reports.
Last eight quarters
Two years at Citizens Bank of Pennsylvania, to : assets $36.7 bn to $33.8 bn, deposits $30.3 bn to $29.7 bn, equity $3.7 bn to $3.7 bn. Staff 2,881 to 2,772; offices 365 to 343.
| Metric | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $36.7 bn | $35.7 bn | $35.7 bn | $35.7 bn | $35.7 bn | $35.6 bn | $35.3 bn | $33.8 bn |
| Total deposits | $30.3 bn | $30.3 bn | $30.7 bn | $31.5 bn | $31.7 bn | $31.7 bn | $30.6 bn | $29.7 bn |
| Bank equity capital | $3.7 bn | $3.7 bn | $3.8 bn | $3.8 bn | $3.6 bn | $3.6 bn | $3.6 bn | $3.7 bn |
| CET1 ratio | 12.36% | 12.56% | 12.90% | 12.87% | 12.67% | 12.78% | 12.96% | 13.20% |
| Return on equity (ROE) | 6.21% | 6.39% | 6.71% | 8.73% | 9.02% | 9.75% | 9.78% | 10.19% |
| Uninsured share of domestic deposits | 31.24% | 31.62% | 33.20% | 34.64% | 33.23% | 32.78% | 34.18% | 39.93% |
| Full-time equivalent employees | 2,881 | 2,885 | 2,879 | 2,853 | 2,874 | 2,823 | 2,796 | 2,772 |
| Number of offices | 365 | 363 | 358 | 354 | 352 | 348 | 349 | 343 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Citizens Bank of Pennsylvania, oldest first; figures before and after each event are not like for like.
- . Merged into Citizens Bank, National Association (FDIC certificate 57957).
Questions and identifiers
What were the total assets of Citizens Bank of Pennsylvania?
Citizens Bank of Pennsylvania reported $33.8 bn at in its Call Report.
Is Citizens Bank of Pennsylvania the same as its holding company?
No. This page covers Citizens Bank of Pennsylvania, FDIC certificate 57282; CITIZENS FINANCIAL GROUP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Citizens Bank of Pennsylvania profitable?
Citizens Bank of Pennsylvania reported net income of $373.4 mn for the year to ; annualized return on equity: 10.19%. So yes: Citizens Bank of Pennsylvania made a profit over these months.
When is data for Citizens Bank of Pennsylvania next updated?
Citizens Bank of Pennsylvania no longer files Call Reports; its data ends at .
Where can I check the figures for Citizens Bank of Pennsylvania?
In the FDIC BankFind Suite record for certificate 57282, and in the Call Reports of Citizens Bank of Pennsylvania (RSSD ID 3041974) at the FFIEC Central Data Repository.