The Citizens State Bank, Financial Information

AboutThe Citizens State Bank

 Address:
404 West Broadway
Okemah,OK
Okfuskee County,Oklahoma
 Established:
Feb 1908
 Number of domestic offices:
2
Total assets$344M
Net income$6M
Net income,quarterly$2M
Total deposits$273M
Domestic deposits$273M
Equity capital$27M
ROA2.26%
ROAQ,quarterly2.28%
ROA,pretax2.28%
ROAQ,quarterly,pretax2.28%
ROE29.04%
ROEQ,quarterly29.42%
UpdatedApr 11, 2013

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.

Citizens State Bank received a charter to begin operations in Okemah in February of 1908. The bank was first located in the Ryals-Galloway building at the northwest corner of 3rd and Broadway in Okemah. The same building also housed a drugstore, barber shop, and the post office. In January of 1913, W.H. Dill resigned as president, and Alva J. Niles, director, was elected as the new president.

Niles remained director and president until his verbal resignation in March of 1914. At that time, A.B.S. Bontty was elected to serve as president. Bontty served as president until October of 1928, when W.N. Barry was elected and served for 40 years. Lois Barry Price assumed the position after the death of W.N. Barry.

On August 15, 1995, the bank purchased the site at the southeast corner of 4th and Broadway from Mr. Slepka. The bank also began to expand in 1995, with the acquisition of a branch of Central Oklahoma Bank located in Paden. This newly acquired branch allowed Citizens State Bank to serve even more residents of the Okfuskee County area.

After 35 years of service as bank president, Allison Kelly stepped down in January of 2005. At that time, John Hays, who had been with the bank since June of 1992, was chosen to fill the position. In October of 2009, the main office in Okemah moved to a new location on the northwest corner of 4th and Broadway. At the same time the bank moved to its current location, an expansion of more products and services began to surface. With a history of over 100 years, Citizens State Bank has proven to be a stable, customer focused financial institution that continues to thrive and grow today.

Main Office
P.O. Drawer 231
402 West Broadway
Okemah, OK 74859
(918) 623-1551
(918) 623-1177 Fax