How profitable a bank is affects its safety and soundness. A bank can retain its earnings, giving a boost to its capital buffer, or put them to work addressing problematic loans, likely making the bank more resilient in times of trouble. However, banks that are losing money are less able to do those things.
Citizens Savings Bank scored 8 out of a possible 30 on Bankrate's test of earnings, coming in below the national average of 15.12.
One important measure of a bank's earnings is return on equity, or net income (essentially profit) divided by the total amount of equity. The most recent annualized quarterly return on equity for Citizens Savings Bank was 3.70 percent, below the national average of 8.10 percent.
The bank recorded net income of $1.7 million on total equity of $47.6 million for the twelve months ended December 31, 2017. The bank reported an annualized return on average assets, or ROA, of 0.51 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.