Citizens Bancorp (CZNB)

[Awl416]

Cmon vert

[halbroke1]

CZNB $$$ BIG MOVE WILL COME..SO UNDERVALUED.

[makinezmoney]

$CZNB: CEO Gordon-Zimmerman is on Twitter


https://twitter.com/kgzimman


@orbankers
#oregonbanking







https://www.facebook.com/pages/Citizens-Bank/159549054079790



Citizen Bank Board of Directors & Senior Management.

https://www.citizensebank.com/assets/files/F5Qvdc3Q/Board%20of%20Directors.pdf


https://www.oregonbankers.com/about-us.html



https://www.gazettetimes.com/philomathexpress/local/business/phs-senior-among-recipients-of-citizens-bank-scholarships/article_c5bbed6e-effe-5032-ab56-675623e10300.html

[Awl416]

Cmon VERT run it up

[Awl416]

Heeeeeeeeeeere’s Johnny!!!!

[makinezmoney]

$CZNB: John KENT................ do yer thang !

$CZNB some folks are starting to spread some fake news on this one company is real posted a link to the annual filings google maps location matches up with address posted on otc markets profile https://t.co/o0iLgGA9Yu https://t.co/caYPp7lGmd pic.twitter.com/oNFwrsSorj

— John Kent (@KentsBrokerage) October 2, 2019

$CZNB $5mill in net income $14mill revs zero shares diluted one of few otc companies with a positive EPS and it is trading below a $100k cap $DCGD $AMRN $VYST $PACV $CLSI $TINO $SNDD $VRUS $AXXA $FLES $MRGE $SNPW $FUNN $CVSI $FNMA $KBLB $GATA pic.twitter.com/iFIwhOJI2p

— John Kent (@KentsBrokerage) October 2, 2019

https://www.citizensebank.com/shareholders/-annual-report







GO $CZNB

[SprinterUseCase]

Still waiting in that monster bounce. This thing is toast

[Awl416]

Volume gone

[buxmaker]

CZNB seems to be getting a little support from VERT. They are buying up whatever is being sold in the .025 range.

[Awl416]

So how much money did John Kent lose everyone?

[Awl416]

Scary stuff

[cmcclos1]

Yes sir already posted that post# 25 google is key lol

[Big Brother]

This is a zombie ticker, Citizens Bancorp(CZNB) was the parent company of Citizens Bank of Northern California, which was closed by the California Department of Financial Institutions back in 2011.

https://www.fdic.gov/bank/individual/failed/cbnc.html

Someone ran across the 'Contact Details' mistake on OTC Markets, they loaded up on cheap shares, then either mistakenly or nefariously pumped the bad DD all over social media.

Given that it took me less then 5 mins to figure out the DD being posted was wrong I doubt it was a 'mistake'....lol.

This is one of the big reasons the SEC is proposing changes, that will stop MM's from quoting non-reporting, dark/defunct tickers anymore, so they can't be used in pump and dumps like this.

https://www.sec.gov/rules/proposed/2019/34-87115.pdf

[Awl416]

And held it for what 15 mins?

[Eagle1]

What happen here ? Another bounce today?

[Loudanepro]

Just call the company, guys. FFS

[halbroke1]

CZNB $$$ BOUNCE BACK UP TOMORROW, YOU DONT GET THIS TYPE OF VOLUME FOR NOTHING..SOMETHING COMING $$$$ WILL AVERAGE DOWN.!!!

[PutYourBigBoyPantsOn]

Stock is a fraud now. Should see 0.0001 soon

[cmcclos1]

Only logical reason there would be random volume or a group pump and dump which it seems like it was.

[TheSittingtight1]

This is not true. Go to the OTC Official web site and open the link to the Company. The OTC site should not have that website posted in in there if its not correct.

Any one doing DD including John K. will run with that info. I am still waiting to hear back from the bank in Or.


From The OTC Site:

CONTACT DETAILS
275 Southwest 3rd Street
305 Railroad Ave.
Corvallis, OR 97339
www.citizensebank.com/index.php
[phone]

https://www.otcmarkets.com/stock/CZNB/profile

Don't point fingers till all facts are noted..

ST

[OTCWealth101]

custodianship? From where did you get that?

[aidytrader]

Ouch. How many bagholders here now?

[PutYourBigBoyPantsOn]

Buyer beware pump and dump

[cmcclos1]

If custodianship was granted this is for real. A R\M shell play. FDIC shut these branches down and all accounts were moved to another bank. Still no filing with the SOS.
https://www.theunion.com/news/local-news/feds-shut-down-citizens-bank-tri-counties-takes-over/

[OTCWealth101]

.17

[S3lfMade]

This stock is the warrants for CZBC

[Stock_Gambit]

The drop from .15 is very real. This is going back to .01 shortly

[OTCWealth101]

People saying it is not real , that the symbol is very much like the realcompany

[Stock_Gambit]

Up 700% let’s see how tomorrow plays out

[Eagle1]

Thanks added here as well!

[buxmaker]

CFGN keeps stepping up and buying CZNB. You don't see that every day. Typically they are heavy sellers pushing down the ask.

[Stock_Gambit]

Guess not

[Stock_Gambit]

.87 is where this is going ;)

[VeryBeary]

Agreed:)

[SprinterUseCase]

Will watch but not buying a 1000+% run today lol. Well done those who grabbed below 5 cents!

[StockStarGucci]

$1 bound

[jonnyvs]

Looks like it’s about to explode into the .20’s here

[Stock_Gambit]

Looking good here

[John Kent]

Added a starter here looks good don't think I have seen an otc company with positive net income not even trade at asset value let alone net income

[buxmaker]

CZNB heading even higher, up to .14 and bids are rising. Has anyone checked for a reinstatement?

[makinezmoney]

$CZNB: Get your head out-of your ass


This is $CZNB

https://www.otcmarkets.com/stock/CZNB/profile


Its already outline in the infoBox above, unless you gouged out
your own eyes and can't read for shyte.



Not the Ticker that you just came in here and spewed out.


Now go back in to your corner and keep wanking off.


No one is interested in your crap.


Alerted here at $0.06..... now hitting $0.14



GO $CZNB

[HDOGTX]

This is not CFG a NYSE Co...

You need to stop leaving bagholders in your dust... total disgrace...

citizen bank corp is NYSE...
Market Summary > Citizens Financial Group Inc
NYSE: CFG
33.56 USD -0.63 (1.84%)

[StockStarGucci]

Gunna be a huge runner here

[makinezmoney]

$CZNB: Been watching it all morning as well


Agreed............. some good volume showing up all of a sudden


Now at $0.06



Could be a big surprise.


Waiting to see what it is



GO $CZNB

[buxmaker]

Something is up with CZNB, this low floater, up to .06 on heavy volume.

[buxmaker]

Volume finally returning to this tiny float stock. only 4.5 million outstanding.

[buxmaker]

No posting here in quite a number of years. CZNB has seen some interesting trading lately, with over 1 million shares changing hands late last week. It spiked to .10 in October. Anyone know anything?

[di4]

Citizens Bancorp Announces First Quarter 2009 Financial Results
May 18, 2009 2:18:00 PM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesNEVADA CITY, Calif.--(BUSINESS WIRE)-- Today, Citizens Bancorp (the "Company") (OTCBB: CZNB), the holding company of Citizens Bank of Northern California (the "Bank"), announced financial results for the three month period ended March 31, 2009.

Total assets for the Company as of March 31, 2009 were $376.2 million, an increase of $32.7 million, or 10% from $343.6 million as of March 31, 2008. Total loans for the Company as of March 31, 2009 were $319.4 million, no change over March 31, 2008. Over the same period, deposits grew $38.6 million, or 14.6% to $303.5 million at March 31, 2009 compared to $264.9 million at March 31, 2008.

The net loss for the quarter ended March 31, 2009 was $5.4 million, compared to net income of $393 thousand for the same period in 2008. (Loss) or earnings per diluted share for the three months ended March 31, 2009 and 2008, respectively, were ($2.81) and $0.20, respectively. Earnings per share for 2008 have been adjusted to reflect the 5% stock dividend declared in June 2008. The decrease in net income in first quarter 2009 compared to first quarter 2008 was attributed primarily to an increase in the provision for loan losses and a write-down in the carrying value of the Bank's real estate owned property. President/Chief Executive Officer, Judy Hess said, "The increase in the provision for loan losses and the write-down in the estimated value of the Bank's real estate owned property recognizes current real estate market conditions, and our commitment to actively monitor the loan portfolio and maintain adequate reserves for probable losses, and recognize loan losses when necessary." During the three months ended March 31, 2009 the Company recorded a provision for loan losses of $8.5 million compared to $650 thousand during the same period in the prior year. Hess continued, "Senior lending personnel are proactively working with our borrowers in an effort to reduce the current level of non-accrual loans." At March 31, 2009, December 31, 2008, and March 31, 2008, the allowance for loan losses as a percent of non-accrual loans totaled 74%, 58% and 34%, respectively.

Net interest income was $3.69 million for the three month period ended March 31, 2009, an increase of $27,000, or 1% as compared to $3.66 million for the same period in 2008. The Bank's net interest margin dropped from 4.65% in the three month period ended March 31, 2008 to 4.40% in the three month period ended March 31, 2009. The compressed net interest margin, caused primarily by lower interest rates and forgone interest on non-accrual and restructured loans, was partially mitigated by growth in earning assets and improved cost of funds during the period. Forgone interest on non-accrual and restructured loans negatively affected the net interest margin by 0.66%. That was mitigated by 0.95% improvement in the cost of funds. Average earning assets for the three months ended March 31, 2009 grew by $23.1 million to $339.7 million compared to $316.6 million for the same period in 2008.

The increase in non-interest expense of $1,671,000, was primarily the result of a $1,538,000 write-down of the carrying value of other real estate owned, $116,000 in other costs associated with the holding and disposition of other real estate owned, increased FDIC insurance premiums of $131,000, and a net increase in other expenses of $53,000, partially offset by lower personnel and occupancy costs of $149,000 and $18,000, respectively.

Founded in February 1995, Citizens Bank, headquartered in Nevada City, became a wholly owned subsidiary of the Company in 2003. In addition to the Auburn branch in Placer County, the Bank has six other branches in communities throughout Nevada County, including Nevada City, Grass Valley, Penn Valley, Lake of the Pines, and Truckee. The Bank offers community banking services, 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 release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact the Company's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe", "expect", "intend", "estimate" or words of similar meaning, or future or conditional verbs such as "will", "would", "should", "could" or "may". Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting the Bank's operations, pricing, products and services. These and other important factors are detailed in various Federal Deposit Insurance Corporation filings made periodically by the Bank, copies of which are available from the Bank without charge. The Company or the Bank undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.


Citizens Bancorp
Selected Financial Highlights

(In thousands, except per share data) 3 months 3 months Change
(Unaudited) ended ended %
3/31/09 3/31/08

Net interest income $3,689 $3,662 1%

Provision for loan losses 8,500 650 1,208%

Total non-interest income 544 568 (4%)

Total non-interest expense 4,593 2,921 57%

Net (loss) income (5,281) 393 (1,444%)

Dividends and discount accretion on preferred (108) 0
stock

Net (loss) income available to common shareholders ($5,389) $393 (1,471%)

Weighted average shares outstanding: (1)

Basic 1,916 1,913

Diluted 1,916 1,927

(Loss) Earnings Per Share: (1)

Basic ($2.81) $0.21

Diluted ($2.81) $0.20

RATIOS & OTHER INFORMATION:

Annualized return on average assets (5.72%) 0.47%

Annualized return on average equity (75.97%) 7.27%

Net interest margin 4.40% 4.64%

Efficiency ratio 108.51% 69.06%

Net charge-offs as % of total loans 2.37% 0.61%

Non-performing assets as % of total avg. assets 5.03% 2.40%

Avg. earning assets $339,678 $316,614

As of As of Change
3/31/09 3/31/08 %

Shareholders' equity $25,510 $21,889 17%

Shares outstanding (end of period) (1) 1,916 1,822

Book and tangible book value per common share (1) $13.31 $12.01

Tier 1 leverage capital ratio 9.05% 8.65%

Tangible equity/tangible assets 9.00% 6.37%

Total risk based capital ratio 12.83% 11.18%

Number of full service banking offices 7 7

Number of full-time equivalent employees 85 85

(1) Share and per share information has been
retroactively adjusted for 5% stock dividend in
June 2008.




CITIZENS BANCORP
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CONDITION
At March 31, 2009 and 2008 and December 31, 2008

(In thousands, except share data)

March 31, 2009 March 31, 2008 December 31, 2008

Assets

Cash and due from banks $27,188 $6,716 $7,049

Federal funds sold 7,285 3,350 25,260

Total cash and cash 34,473 10,066 32,309
equivalents

Interest-bearing deposits in 410 150 519
other banks

Investment securities 2,185 1,302 1,161

Loans 319,366 319,432 323,170

Allowance for loan losses (8,068) (2,654) (7,177)

Net loans 311,298 316,778 315,993

Premises and equipment, net 1,938 2,509 2,073

Cash surrender value of 5,959 5,752 5,907
bank-owned life insurance

Other real estate owned 7,929 280 6,195

Interest receivable and other 12,057 6,746 8,694
assets

Total Assets $376,249 $343,583 $372,851

Liabilities and Shareholders'
Equity

Liabilities

Deposits

Non-interest bearing $66,131 $61,744 $65,218

Interest bearing 237,338 203,129 234,540

Total deposits 303,469 264,873 299,758

Federal funds purchased and
Federal Home Loan Bank 28,000 37,800 23,000
borrowings

Junior subordinated 15,465 15,465 15,465
debentures

Interest payable and other 3,805 3,556 3,755
liabilities

Total Liabilities 350,739 321,694 341,978

Shareholders' Equity

Preferred stock 10,395 0 10,369

Common stock, no par value 14,379 12,975 14,374

Retained earnings 734 8,913 6,123

Accumulated other 2 1 7
comprehensive loss, net

Total Shareholders' Equity 25,510 21,889 30,873

Total Liabilities and $376,249 $343,583 $372,851
Shareholders' Equity




CITIZENS BANCORP
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
For the three months ended March 31, 2009 and 2008

(In thousands, except share data)

Three months ended Three months ended
March 31, 2009 March 31, 2008

Interest Income

Interest and fees on loans $4,955 $5,576

Interest on investment securities 13 2

Interest on federal funds sold 5 33

Interest on deposits in banks 0 1

Total Interest Income 4,973 5,612

Interest Expense

Interest on interest-bearing deposits 1,043 1,503

Interest on borrowings 106 183

Interest on junior subordinated 135 264
debentures

Total Interest Expense 1,284 1,950

Net Interest Income 3,689 3,662

Provision for loan losses 8,500 650

Net Interest (Loss) Income After (4,811) 3,012
Provision for Loan Losses

Non-Interest Income

Service charges on deposit accounts 285 284

Mortgage brokerage fees 123 197

Other income 136 87

Total Non-Interest Income 544 568

Non-Interest Expense

Salaries and employee benefits 1,332 1,481

Occupancy and equipment 443 461

Other expense 2,818 979

Total Non-Interest Expense 4,593 2,921

(Loss) Income Before Provision for (8,860) 659
Income Tax

(Benefit from) provision for income (3,579) 266
taxes

Net (Loss) Income ($5,281) $ 393

Dividends and discount accretion on (108) 0
preferred stock

Net (Loss) Income Available to Common ($5,389) $ 393
Shareholders

Net (loss) income per common share (1)

Basic ($2.81) $0.21

Diluted ($2.81) $0.20

(1) Restated for the 5% stock dividend
in June 2008.






Source: Citizens Bancorp


----------------------------------------------
Citizens Bancorp
Judy Hess
530-470-2804
President/CEO