The Citizens Bank (Morehead, KY)
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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 Morehead, KY, established in 1928 (FDIC certificate 10520), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $228.6M, up 1.1% from Q2 2025, the 76th largest of 120 banks headquartered in Kentucky. Its CET1 capital ratio was 16.04% 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
- 10520
- Headquarters
- Morehead, KY
- Established
- 1928
- Total assets, Q2 2026
- $228.6M
- Assets vs Q2 2025
- +1.1%
- CET1 ratio, Q2 2026
- 16.04%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 042107673
- Holding company
- CITIZENS BANCORP OF MOREHEAD INCORPORATED, THE
- Asset rank in state
- 76th of 120 in Kentucky
The Citizens Bank is one of the more profitable banks of its size. Its balance sheet stood at $229 million at June 30, 2026, up 1.1% from a year earlier; it is based in Morehead, Kentucky. It returns 25.3% a year on shareholders' equity, about double the median of 12.5% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 0.72% on its deposits and borrowings, about a third the median of 1.80% for banks its size. A wide margin does most of the work: it keeps 4.78 cents of net interest income on every dollar of earning assets.
Net income for the quarter rose 16% from a year earlier, to $1.2 million. Over the same year, loans grew 5.7% and deposits shrank 0.7%. Where it has less room is capital: it funds 8.72% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 10.99%).
As of June 30, 2026, The Citizens Bank reported a CET1 capital ratio of 16.04%, a return on assets of 2.08%, a nonperforming-loan ratio of 0.06% and a Texas ratio of 0.50%. The figures come from its call report filed with the FFIEC.
Of the 120 banks headquartered in Kentucky, The Citizens Bank is the 76th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 0.3% to $228.6M, loans rose 2.6% and deposits rose 1.5%. 1-4 family residential loans made up 54.6% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 16.2%. The FDIC Summary of Deposits lists 5 offices for it, in 4 cities in KY; its Morehead 2 offices book 65% of its branch deposits. On its Q2 2026 call report, The Citizens Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 114 W Main St, Morehead, KY 40351
- County
- Rowan
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 4, Cleveland
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 28, 1928
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 50
- Domestic deposits
- $181.9M
- Allowance for credit losses
- $1.5M
- Net charge-offs (YTD)
- $47K
- Average total assets
- $231.9M
- Average total loans
- $150.4M
- Average interest-bearing deposits
- $129.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10520
- Fed RSSD
- 962313
- Website
- www.tcbanytime.com →
- Parent Holding Company
- CITIZENS BANCORP OF MOREHEAD INCORPORATED, THE (RSSD 1071865)
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
From Q3 2023 to Q2 2026, The Citizens Bank's total assets ranged from $191.4M (Q4 2023) to $232.0M (Q4 2025), 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
$228.6M total assets against $226.2M; $209.6M total liabilities against $209.8M.
$150.7M net loans and leases against $142.4M; $181.9M total deposits against $183.1M.
$41.5M securities against $40.6M; $28.6M cash and balances due against $35.1M.
$3.0M total interest income against $2.9M; $382K total interest expense against $412K.
$2.6M net interest income against $2.5M.
$544K total noninterest income against $444K; $1.9M total noninterest expense against $1.8M.
$60K provision for credit losses against $60K.
$1.2M net income against $1.0M.
2.08% return on assets against 1.84%; 4.78% net interest margin against 4.64%.
16.04% CET1 capital ratio against 14.75%; 8.72% tier 1 leverage ratio against 7.88%.
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 409 of 3,611, for ROA; its furthest is 2,955 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.28% (Q4 2024) to 2.20% (Q1 2026) and its net interest margin ran from 4.58% (Q1 2025) to 4.82% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 16.04% | 2.08% | 0.06% | 0.50% | 4.78% |
| Q1 2026 | 16.35% | 2.20% | 0.07% | 0.52% | 4.79% |
| Q4 2025 | 15.53% | 2.13% | 0.03% | 0.23% | 4.74% |
| Q3 2025 | 15.20% | 2.14% | 0.03% | 0.24% | 4.82% |
| Q2 2025 | 14.75% | 1.84% | 0.34% | 2.95% | 4.64% |
| Q1 2025 | 14.96% | 1.75% | 0.35% | 3.19% | 4.58% |
| Q4 2024 | 14.19% | 0.28% | 0.08% | 0.76% | 4.72% |
| Q3 2024 | 14.47% | 1.91% | 0.07% | 0.67% | 4.75% |
Swipe the table sideways to see every column.
Branch Network
View all 5 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 |
|---|---|---|---|
| The Citizens Bank | Morehead , KY | 40351 | $104.4M |
| Main Street Branch | Owingsville , KY | 40360 | $29.8M |
| Citizens Bank Branch | Sharpsburg , KY | 40374 | $24.8M |
| Trademore Branch | Morehead , KY | 40351 | $13.3M |
| West Liberty Branch | West Liberty , KY | 41472 | $9.5M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in KY, rank 101 of 152 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $812K approved, $406K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 $228.6 million in its FFIEC call report.
Where is The Citizens Bank headquartered?
It is headquartered in Morehead, KY, United States.
When was The Citizens Bank founded?
It was established in 1928, per the FDIC institution directory.
Is The Citizens Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10520). 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 16.04% 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 5 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 0.50% 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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