How profitable a bank is affects its long-term survivability. A bank can retain its earnings, giving a boost to its capital cushion, or put them to work addressing problematic loans, likely making the bank better prepared to withstand financial shocks. Losses, on the other hand, lessen a bank's ability to do those things.
Citizens State Bank beat the national average on Bankrate's test of earnings, achieving a score of 22 out of a possible 30.
One key measure of a bank's earnings is return on equity, or net income (essentially profit) divided by total equity. Citizens State Bank's most recent annualized quarterly return on equity was 13.23 percent, above the national average of 8.10 percent.
For the twelve months ended December 31, 2017, the bank earned net income of $3.3 million on total equity of $27.2 million. The bank experienced an annualized return on average assets, or ROA, of 1.22 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.00 percent.