October 27, 2010
Citizens Bancorp announced operating results for the third quarter of 2010. ... read more |
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August 5, 2010
Citizens Bancorp announced operating results for the second quarter of 2010. ... read more |
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June 7, 2010
Citizens Bancorp announced today that Reynold “Rey” C. Johnson, III, of Pacific Land Enterprises, and Kenneth “Ken” J. Meyers, of R.W. Baird & Co. were appointed directors. ... read more |
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April 22, 2010
Citizens Bancorp announced operating results before provision for loss, real estate owned expenses, and taxes for the three month period ended March 31, 2010 of $1.0 million. ... read more |
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February 18, 2010
Citizens Bank has expanded its Central Operations Center, making room for it to lay the early groundwork for establishing a SBA Lending Division ... read more |
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February 17, 2010
24-year banking veteran Kevin Rappleye has joined the Bank as Senior Vice President and SBA Government Guaranteed Business Development Officer. ... read more |
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February 16, 2010
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced operating results for the three month period ended December 31, 2009, and for the twelve month period ended December 31, 2009. ... read more |
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October 21, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced net income for the quarter ended September 30, 2009 of $363 thousand, compared to net income of $176 thousand for the same period in 2008, an increase of $187 thousand, or 106%. ... read more |
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October 20, 2009
Michael Behn and Phillip Campbell have been promoted to Executive Vice Presidents. ... read more |
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September 10, 2009
Citizens Bank of Northern California announced financial results for the second quarter 2009, and restated financial results for the three months ended March 31, 2009 and twelve months ended December 31, 2008. ... read more |
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July 31, 2009
36-year banking veteran Gary Gall has been named President / Chief Executive Officer of Citizens Bancorp and subsidiary, Citizens Bank of Northern California. ... read more |
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July 14, 2009
Citizens Bank of Northern California announced today that the Bank will honor State of California Registered Warrants, or “IOU’s” for its customers. ... read more |
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June 17, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced it will restate its December 31, 2008 audited consolidated financial statements ... read more |
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May 18, 2009
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three month period ended March 31, 2009. read more |
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March 6, 2009
Citizens Bancorp Reports Solid Loan and Deposit Growth with 4th Quarter and Year End Financial Results. read more |
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December 23, 2008
Citizens Bancorp Receives $10.4 Million Investment from the U.S. Treasury’s Capital Purchase Program. read more |
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December 12, 2008
Citizens Bank provides peace of mind to its customers by committing to the FDIC’s Transaction Account Guarantee Program. read more |
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November 19, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three and nine months ended September 30, 2008. read more |
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October 6, 2008
Citizens Bank announced today that Josh McGovern has been promoted to Vice President and Branch Manager of the Olympia Park branch. read more |
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August 12, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three and six months ended June 30, 2008. read more |
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May 19, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced that its Board of Directors approved the declaration of a 5% stock dividend. read more |
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April 30, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended March 31, 2008. read more |
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March 6, 2008
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the twelve month period ended December 31, 2007. read more |
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November 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended September 30, 2007. read more |
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August 1, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the quarter ended June 30, 2007. read more |
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May 8, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, today announced that its Board of Directors approved the declaration of a 5% stock dividend. read more |
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April 26, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced financial results for the three month period ended March 31, 2007. read more |
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March 12, 2007
Citizens Bancorp, the holding company of Citizens Bank of Northern California, announced record earnings for the twelve month period ended December 31, 2006. read more |
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March 8, 2007
Citizens Bank of Northern California announced the hiring of Julie Frenzel as Vice President, Relationship Officer for its Penn Valley Branch. read more |
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January 10, 2007
Citizens Bank Enhances Its Online Banking Service With a Multi-Factor Authentication Security System. read more |
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January 2, 2007
Citizens Bank to Open Downtown Auburn Branch on January 9, 2007. read more |
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October 31, 2006
Citizens Bancorp Announces 3rd Quarter and YTD Earnings. read more |
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August 24, 2006
Citizens Bank to Open Truckee Branch Soon. read more |
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July 28, 2006
Citizens Bancorp Announces 2nd Quarter Earnings. read more |
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July 7, 2006
Citizens Bancorp Announces New Capital for Citizens Bank. read more |
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May 15, 2006
Citizens Bancorp Announces Stock Dividend . read more |
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May 9, 2006
Citizens Bancorp Stock Now Listed on the OTCBB . read more |
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April 21, 2006
Citizens Bancorp Announces Record 1st Quarter Earnings . read more |
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April 20, 2006
Citizens Bank of Nevada County Announces Name Change . read more |
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February 9, 2006
Citizens Bancorp Announces Record 4th Quarter Earnings . read more |
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January 27, 2006
Citizens Bank Announces Plan for New Truckee Branch . read more |
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December 2, 2005
Citizens Bank Announces Plan for New Downtown Auburn Branch . read more |
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November 8, 2005
Citizens Bank Names New Directors . read more |
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October 20, 2005
Citizens Bancorp Announces Record 3rd Quarter Earnings . read more |
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August 31, 2005
Citizens Bancorp Announces Capital Plans . read more |
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May 16, 2005
Citizens Bancorp Announces Stock Dividend . read more |
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February 9, 2006
Citizens Bancorp Announces Record 4th Quarter Earnings
Nevada City, California, February 9, 2006. Citizens Bancorp (the “Company”) (PINK SHEETS: CZNB), the holding company of Citizens Bank of Nevada County (the “Bank”), announced earnings for the 4th quarter and year-end 2005. For the twelve month period ending December 31, 2005, net income was $2,470,000, a 41% increase compared to $1,746,000 for the same period in 2004. For the twelve month period ending December 31, 2005, basic earnings per share were $1.55 compared to $1.12 for the twelve months ending December 31, 2004, and diluted earnings per share were $1.51 compared to $1.09 for the twelve months ending December 31, 2004.
For the three month period ending December 31, 2005, net income totaled $814,000, a 102% increase compared to $404,000 for the same quarter in 2004. Basic earnings per share for the three month period ending December 31, 2005, were $0.50, compared to $0.26 per share for the same period in 2004, and diluted earnings per share were $0.49, compared to $0.25 per share for the same period in 2004.
Earnings per share for three months and twelve months periods ending December 31, 2004 have been adjusted to reflect the payment of a 5% stock dividend on June 13, 2005.
Total assets for the Company increased 30% to $227.0 million at December 31, 2005 from $174.6 million at December 31, 2004. Total loans increased 38% to $206.7 million at December 31, 2005, compared to $149.3 million at December 31, 2004. Total deposits increased 25% to $189.6 million at December 31, 2005 from $151.9 million at December 31, 2004. Short term borrowings increased $7.9 million to $10.4 million at December 31, 2005 from $2.5 million at December 31, 2004.
In addition, capital was enhanced in August 2005, when the Company announced its participation in a pooled Trust Preferred Securities private offering for $3 million which is being used to support the Bank's continued growth. Under the terms of the trust preferred offering, the securities will mature in 30 years and are redeemable, in whole or in part, without penalty, at the option of Citizens Bancorp after five years. The securities have a floating rate, which will be reset quarterly, equal to the three-month LIBOR rate plus 1.50 percent. That brings the total of Trust Preferred Securities to $9 million, the first $3 million of which is redeemable in June 2008.
“The Bank’s growth was fueled by a continued demand for construction, home equity and commercial real estate loans”, said Judy Hess, President and CEO. She added “Our results speak to our support of business expansion in our community and, likewise, the investments we have made in consumer products and services.”
Founded in February 1995, Citizens Bank, headquartered in Nevada City, became a wholly owned subsidiary of the Company in 2004. The Bank has five branches in Nevada County, one in Nevada City, two in Grass Valley, one in Penn Valley and its newest branch in Lake of the Pines. Two new branches have been scheduled for opening in 2006, one in Truckee and one in Auburn, which will be the Bank's first entry into neighboring Placer County. Today, the Bank offers community banking services in the Nevada County market, including a wide variety of deposit products, commercial, residential and consumer loans, and other traditional banking products and services, designed to meet the needs of small and middle market businesses and individuals.
This news release may include forward-looking statements about Citizens Bancorp’s financial condition, results of operations, plans, objectives and future performance. A number of factors, many of which are beyond the control of Citizens Bancorp, could cause actual results to differ materially from those in the forward-looking statements. In addition, past results are not necessarily indicators of future performance. |
