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The Citizens Bank of Winfield, Financial Information

About The Citizens Bank of Winfield

 Address:
236 Bankhead Highway
Winfield, AL
Marion County, Alabama
 Established:
May 1920
 Number of domestic offices:
1
Total assets$283M
Net income$5M
Net income, quarterly$1M
Total deposits$173M
Domestic deposits$173M
Equity capital$63M
ROA1.87%
ROAQ, quarterly2.08%
ROA, pretax2.08%
ROAQ, quarterly, pretax2.15%
ROE8.47%
ROEQ, quarterly9.15%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Citizens Bank of Winfield is a locally owned independent community bank with community ideals. The Citizens Bank continues to receive the top ratings for safety and soundness from all bank rating agencies. We've been named a 5-star bank, an A+ bank, and a Blue Ribbon Bank.

The Citizens Bank of Winfield is located in Winfield, Alabama. The Citizens Bank of Winfield was established and opened for business in May 1920. Mr. A. M. Grimsley started the bank and Dr. Robert Leroy Hill acquired controlling interest and became President in 1935. After his death in 1959, his son, Ivan K. Hill became President and Chairman of the Board. Today, as the bank continues to grow.

In 1979, William Russell Carothers II became President with Ivan remaining Chairman of the Board until his death in 1989. Russell was named President, CEO and Chairman of the Board of The Citizens Bank of Winfield in 1990. Chris H. Carothers was named President of the bank in 2010 with Russell remaining CEO and Chairman of the Board.

With total assets in 1963 at $3 million, the bank has grown to a total of over $200 million in assets today. The Citizens Bank serves a five county area including Marion, Walker, Winston, Lamar and Fayette counties.

Historical Data