A bank's earnings performance affects its safety and soundness. Earnings can be retained by the bank, increasing its capital buffer, or be used to address problematic loans, likely making the bank more resilient in tough times. Conversely, losses lessen a bank's ability to do those things.
The Citizens National Bank of Woodsfield scored 16 out of a possible 30 on Bankrate's earnings test, beating out the national average of 15.12.
One widely used measure of a bank's earnings is return on equity, or net income (profit, basically) divided by total equity. The Citizens National Bank of Woodsfield's most recent annualized quarterly return on equity was 7.03 percent, below the national average of 8.10 percent.
The bank recorded net income of $550,000 on total equity of $7.7 million for the twelve months ended December 31, 2017. The bank had an annualized return on average assets, or ROA, of 0.48 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.