The Citizens Bank (Olanta, SC)
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Data as of · sourced from FFIEC call reports. How we update
The Citizens Bank is an FDIC-insured commercial bank headquartered in Olanta, SC, established in 1938 (FDIC certificate 15932), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $1.14B, up 7.6% from Q2 2025, the 12th largest of 43 banks headquartered in South Carolina. Its CET1 capital ratio was 17.33% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 15932
- Headquarters
- Olanta, SC
- Established
- 1938
- Total assets, Q2 2026
- $1.14B
- Assets vs Q2 2025
- +7.6%
- CET1 ratio, Q2 2026
- 17.33%
- Domestic offices
- 26 FDIC institution directory, current count
- Routing number
- 053207339
- Latest call report
- Q2 2026, FFIEC 051 · The Citizens Bank call report
- Holding company
- CITIZENS BANCSHARES CORPORATION
- Asset rank in state
- 12th of 43 in South Carolina
The Citizens Bank, based in Olanta, South Carolina, reported $1.1 billion in assets at June 30, 2026, up 7.6% from a year earlier. It pays an average of 1.13% on its deposits and borrowings, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.01%). It also holds commercial real estate loans worth 1.0 times its capital, about half the median of 2.2 times for banks its size.
Net income for the quarter rose 29% from a year earlier, to $3.7 million. Delinquency has appeared in its $66 million non-owner-occupied commercial real estate book: 0.58% of those loans are past due or on nonaccrual, against almost none a year earlier.
As of June 30, 2026, The Citizens Bank reported a CET1 capital ratio of 17.33%, a return on assets of 1.30%, a nonperforming-loan ratio of 0.18% and a Texas ratio of 1.73%. The figures come from its call report filed with the FFIEC.
Of the 43 banks headquartered in South Carolina, The Citizens Bank is the 12th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 2.3% to $1.14B, loans rose 1.2% and deposits fell 2.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 48.2% of total loans, ahead of owner-occupied commercial real estate loans at 14.3%. Its 26 offices in the FDIC Summary of Deposits are in 22 cities across 2 states; its Lake City office books 17% of its branch deposits. By the capital ratios in its Q2 2026 call report, The Citizens Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 124 East Main Street, Olanta, SC 29114
- County
- Florence
- Metro Area
- Florence, SC
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 24, 1938
- Domestic offices
- 26 FDIC institution directory, current count
- Employees (FTE)
- 204
- Domestic deposits
- $1.01B
- Allowance for credit losses
- $8.0M
- Net charge-offs (YTD)
- $158K
- Average total assets
- $1.15B
- Average total loans
- $634.4M
- Average interest-bearing deposits
- $760.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 1, 1943
- FDIC Cert
- 15932
- Fed RSSD
- 898627
- SEC CIK
- 1919508 → filed by CITIZENS BANCSHARES CORPORATION
- Website
- www.tcbsc.bank →
- Parent Holding Company
- CITIZENS BANCSHARES CORPORATION (RSSD 1357121)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
The Citizens Bank's total assets moved between a low of $958.0M (Q4 2023) and a high of $1.16B (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$1.14B total assets against $1.06B; $1.02B total liabilities against $947.9M.
$628.9M net loans and leases against $587.4M; $1.01B total deposits against $939.7M.
$271.1M securities against $236.5M; $169.7M cash and balances due against $166.5M.
$14.2M total interest income against $13.1M; $2.8M total interest expense against $3.0M.
$11.4M net interest income against $10.1M.
$2.1M total noninterest income against $2.1M; $8.8M total noninterest expense against $8.5M.
$223K provision for credit losses against $392K.
$3.7M net income against $2.9M.
1.30% return on assets against 1.12%; 4.26% net interest margin against 4.13%.
17.33% CET1 capital ratio against 16.58%; 9.91% tier 1 leverage ratio against 10.09%.
Inside the full The Citizens Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeThe Citizens Bank rankings
Its closest position to the top of a national ranking is 924 of 4,196, for total assets; its furthest is 2,369 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.99% (Q1 2025) to 1.30% (Q2 2026) and its net interest margin ran from 3.89% (Q1 2025) to 4.29% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 17.33% | 1.30% | 0.18% | 1.73% | 4.26% |
| Q1 2026 | 16.96% | 1.16% | 0.19% | 1.84% | 4.17% |
| Q4 2025 | 16.19% | 1.15% | 0.06% | 1.22% | 4.29% |
| Q3 2025 | 17.44% | 1.27% | 0.10% | 1.56% | 4.24% |
| Q2 2025 | 16.58% | 1.12% | 0.23% | 2.37% | 4.13% |
| Q1 2025 | 16.57% | 0.99% | 0.22% | 2.36% | 3.89% |
| Q4 2024 | 15.80% | 1.12% | 0.13% | 1.91% | 3.96% |
| Q3 2024 | 16.00% | 1.14% | 0.31% | 2.69% | 3.95% |
Swipe the table sideways to see every column.
Branch Network
View all 26 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lake City Branch | Lake City , SC | 29560 | $167.6M |
| Hartsville Br | Hartsville , SC | 29550 | $65.0M |
| Florence Branch #1 | Florence , SC | 29505 | $59.1M |
| North Myrtle Beach Branch | North Myrtle Beach , SC | 29582 | $58.4M |
| Turbeville Branch | Turbeville , SC | 29162 | $56.3M |
| Sumter Branch | Sumter , SC | 29150 | $55.3M |
| Florence Branch #2 | Florence , SC | 29501 | $48.6M |
| Timmonsville Branch | Timmonsville , SC | 29161 | $45.0M |
| Farrow Commons | Myrtle Beach , SC | 29577 | $37.1M |
| Myrtle Beach Inernational Drive Branch | Myrtle Beach , SC | 29579 | $37.1M |
| Camden Branch | Camden , SC | 29020 | $36.5M |
| Johnsonville Branch | Johnsonville , SC | 29555 | $35.7M |
| Laurinburgh Branch | Laurinburg , NC | 28352 | $33.8M |
| St. George Branch | Saint George , SC | 29477 | $32.9M |
| Georgetown Branch | Georgetown , SC | 29440 | $32.1M |
| The Citizens Bank | Olanta , SC | 29114 | $31.4M |
| Pamplico Branch | Pamplico , SC | 29583 | $30.0M |
| Windy Hill Branch | North Myrtle Beach , SC | 29582 | $29.2M |
| Mcbee Branch | Mc Bee , SC | 29101 | $28.7M |
| Murrells Inlet Branch | Murrells Inlet , SC | 29576 | $22.6M |
| Pawleys Island Branch | Pawleys Island , SC | 29585 | $21.9M |
| Kingstree Branch | Kingstree , SC | 29556 | $15.9M |
| Lynchburg Branch | Lynchburg , SC | 29080 | $11.6M |
| Carolina Forest Branch | Myrtle Beach , SC | 29579 | $5.8M |
| Andrews Branch | Andrews , SC | 29510 | $4.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| July 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2022 | Structure Change | Acquired Sandhills Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 1, 2018 | Structure Change | Acquired Heritage Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 9, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 9, 2007 | Structure Change | Acquired Johnsonville State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in SC, rank 26 of 73 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 208 applications, 185 loans originated, $61.7M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $960K approved, $960K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about The Citizens Bank
What are The Citizens Bank's total assets?
As of the Q2 2026 filing, The Citizens Bank reported total assets of $1.14 billion in its FFIEC call report.
Where is The Citizens Bank headquartered?
It is headquartered in Olanta, SC, United States.
When was The Citizens Bank founded?
It was established in 1938, per the FDIC institution directory.
Is The Citizens Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #15932). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates The Citizens Bank?
The Citizens Bank's primary federal regulator is the FDIC.
What is The Citizens Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 17.33% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does The Citizens Bank operate?
It operates 26 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is The Citizens Bank's Texas Ratio?
Its Texas Ratio is 1.73% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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