Post on 08-Nov-2021
3 President’s Letter
5 Timeline
7 Statement of Income & Expenses
8 Financial Assets
9 Executive Management
11 CNIS13 Our Members
21 Board of Directors
23 Chairman’s Letter
Table ofContents
On October 7, 1985 Citizens National Bank, N.A. opened the doors as the newest bank
chartered for business in Bossier Parish. In December of 1985 the bank ended that inaugural
year with total assets just over $10,000,000. Ronald Reagan was the President of the United States,
Edwin Edwards was the Governor of Louisiana, Don Jones was the Mayor of Bossier City, and John
Hussey was the Mayor of Shreveport.
Wewouldliketotakethistimetoreflectonthe30yearsthatourbankhasbeeninbusiness.Inthis
Annual Report we will have the opportunity to highlight the path of success our bank has experienced.
From the beginning the initial thirteen business men that comprised the Board of Directors were committed
to providing a service to the community we serve. This Annual Report is that opportunity to recognize those
directors and employees that have been such an integral part of that success.
In a book by Simon Sinek “Leaders Eat Last” the foreword has a sentence from George J. Flynn, Lieutenant
General, U.S. Marine Corps (Ret.), “A leader who takes care of their people and stays focused on the well-being of the
organization can never fail”. While any business cannot succeed without our customers we must have great employees
that have a desire to serve those customers. Citizens National Bank is fortunate to have over 170 employees that believe in
serving our customers and our community. This commitment to those customers and our communities is the ingredient for
the success of Citizens National Bank, N.A.
In September of 2008 it was my privilege to become the President of Citizens National Bank, N.A. The bank ended the year
of 2008withtotalassetsof $343,571,290.ThefinancialhighlightsinthisAnnualReportwillreflectthatthebankendedtheyearof
2014withtotalassetsof over$815,000,000.Thegrowthandsuccesswehaveexperiencedisatestamenttothededicatedindividuals
that make up the Citizens National Bank “family”, to the customers that have entrusted us with having the opportunity to assist them with
theirfinancialobjectives,andtowellover450shareholdersthathavemadeaninvestmentinourcompany.Wearefocusedoncontinuing
to grow our company and maximize the return of investment of our shareholders, while we serve the communities of Northwest Louisiana
and maintain our slogan as “Your Kind of Bank”.
3
WOODY C. SCHICK, PRESIDENT & CEO
A Letter from thePresident & CEO
SINCERELY,
“The difference in banks lies in the
manner in which customers are
treated”.
Then & NowOctober 7, 1985: Bank opens for business at 2005 Benton Road, Bossier City, Louisiana with
12initialemployeesandendsthefirstyearwithtotalassetsof $10,387,717.
December 1986: Bankendstheyearwithtotalassetsof $36,186,559.InJuneof 1986twobankswereclosedonthesameday,June13,1986,andtheeconomicdownturn hits Shreveport/Bossier City with full force. Citizens NationalBankstrugglesformanyyearsbutsurvivesthemostdifficulttimes.
June 1990: WillHubbardbecomesNewPresidentandChief ExecutiveOfficerandendstheyearwithtotalassets$34,742,698.
December 1993: Thebankforthefirsttimesannouncesastockdividend.Endstheyearwithtotalassetsof $38,947,054.
December 1995: Bank announces formation of one-bank holding company, Citizens NationalBancshares,Inc.Endstheyearwithtotalassetsof $55,506,119.Announces a 10% stock dividend.
October 1997: OpensnewMainOfficelocatedat2711 East Texas Street, Bossier City, Louisiana.
Year of 1999: Opensnewestbranchat9237MansfieldRoad,Shreveport,Louisiana,Bankendstheyearwithtotalassetsof $85,066,415.
December 2000: Bankendsits15thyearwithtotalassetsof $116,365,288.
October 2001: OpenssecondlocationinShreveportat1545East70thStreet,Shreveport,Louisianaandfinishestheyearwithtotalassetsof $143,240,213.
Year of 2002: Citizens National begins Real Estate Mortgage Operations sellingMortgageLoansintothesecondarymarket.InstallsitsfirstAutomated Teller Machine (ATM). Bank ends the year with totalassetsof $188,774,444
Year of 2004: RonnieD.SheffieldbecomesPresidentandChief OperatingOfficerandWillHubbardcontinuesasChief ExecutiveOfficer.Totalassetsendof theyear$239,235,972.
December 2005: Bank celebrates 20th Anniversaryandendstheyearwithtotalassets$272,348,999.00
February 2006: Opens the Stockwell Road Branch at 700 Stockwell Road,Bossier City, and ends the year with total assets of $298,181,081.
December 2007: Bankdeclaresastockdividendforthefifteenthconsecutiveyearandendstheyearwithtotalassetsof $302,528,244.
September 2008: WoodyC.SchickbecomesPresidentandChief ExecutiveOfficerandyearendtotalassetsare$343,571,290.
October 2009: Bankopensnewbranchat330MarshallStreet,Shreveport, Louisiana known as the Beaird Tower branch.
June 2010: Bank becomes #1 bank in Bossier Parish by Deposits and celebrates the 25thAnniversary.InOctoberopensanotherbranchat94,PolkStreet,Mansfield,Louisianaandendstheyearwithtotalassets$423,962,668.
November 2011: Consummates merger of Citizens Bank and Trust of Springhill,into Citizens National Bank, N.A. of Bossier City, Louisiana.Opens Citizens National Investment Services (CNIS) adjacent theBeaird Tower in Downtown Shreveport, Louisiana and ends theyearwithtotalassets$669,173,292.
Year of 2012: Implementationof ExecutiveManagementteamwith6ExecutiveVicePresidentsreportingtothePresidentandChief ExecutiveOfficer.Thisnewmanagement structure positions the bank for future growth and acquisitions.
Year of 2013: Opensnew4,300SquareFootbranch18MachenDrive,Springhill,Louisianaandendstheyearwithtotalassetsof $743,832,093.
December 2014: Endingtheyearwithtotalassetsof $815,413,315,operating14branchesinthefiveParishesof NorthwestLouisiana.5 6
INTEREST INCOMELOANS:Individuals, Partnerships & CorporationsINVESTMENT SECURITIES: Taxable Non-taxable DividendsIncome from Sale of Federal FundsInterest on Deposits with BanksINTEREST TOTAL INTEREST INCOME
INTEREST EXPENSEDeposits Federal Funds PurchasedOther BorrowingsTOTAL INTEREST EXPENSE
NET INTEREST INCOME Less: Allocation for Loan Losses
NET INTEREST INCOME AFTER PROVISION FOR POSSIBLE LOSSESAdjusted OTHER REVENUES AND EXPENSESCommissions, Fees and Other IncomeGains (Losses) on Securities TransactionsTotal Other Expenses before Income Tax
INCOME BEFORE FEDERAL INCOME TAX
Federal Income TaxesNet Income After Federal Income Taxes
2012
25,993,693
1,319,4261,107,610
75,2840
53,64528,549,658
2,442,0881,143
19,6222,462,853
26,086,8051,273,000
24,813,805
6,657,330233,387
21,804,726
9,899,796
2,894,8747,004,922
2011
23,085,358
1,602,145747,78139,37614,41664,197
25,553,273
3,015,8245,727
61,4003,082,951
22,470,322750,000
21,720,322
5,681,141480,402
19,288,095
8,593,770
2,700,0005,893,770
2013
27,652,538
2,248,8531,176,077
73,5330
56,58031,207,581
2,084,638879
60,0402,145,557
29,062,024900,000
28,162,024
5,679,501327,215
22,425,886
11,742,854
3,538,0738,204,781
7
Statement of Income & Expenses
ASSETSCash & Due From BanksInvestment SecuritiesFederal Funds SoldFederal Reserve Bank Stock/FHLB/FNBB/BICLoans, Net of Provision for Possible Loan LossesFixed Assets Interest Earned, Not CollectedOther Assets
TOTAL ASSETS LIABILITIESDepositsFederal Funds PurchasedOther BorrowingsOther Liabilities
TOTAL LIABILITIES CAPITAL ACCOUNTSCapital StockSurplusTOTAL CAPITAL ACCOUNTS
TOTAL LIABILITIES & CAPITAL ACCOUNTS
201234,504,779140,453,221
02,296,369
474,395,60316,557,2122,723,906
22,377,619693,308,709
596,972,39610,000,000
012,518,212
619,490,608
2,425,50071,392,60173,818,101
693,308,709
201163,533,077113,671,672
01,808,210
445,879,66717,306,0932,421,688
22,462,234667,082,641
589,183,4110
1,246,77510,931,231
601,361,417‘
2,425,50063,295,72465,721,224
667,082,641
201335,806,979
156,558,2550
3,398,163504,723,99417,396,8362,727,083
23,220,783743,832,093
654,167,31800
11,909,745666,077,063
2,425,50075,329,53077,755,030
743,832,093
8
Financial HighlightsTotal AssetsIncreased By
9.62%$71,581,222
Net LoansIncreased By
7.77%$39,231,160
Total DepositsIncreased By
8.93%$58,437,353
Total Net IncomeIncreased By
11.14%$914,049
2014
28,720,529
2,405,4601,415,332
78,5970
45,20632,665,124
1,828,19026
64,8511,893,067
30,772,0571,122,000
29,650,057
5,484,770697,062
23,090,265
12,741,624
3,622,7949,118,830
201454,973,022163,101,983
08,509,010
543,955,15416,760,2232,834,916
25,279,007815,413,315
712,604,67100
13,244,660725,849,331
2,425,50087,138,48489,563,984
815,413,315
Woody C. SchickPresident and Chief Executive Officer
wschick@citizensnb.com
Tommy BoggsExecutive Vice President
Retail BankingCitizens National Investment
Division/Mortgage Lending Divisiontboggs@citizensnb.com
G. Kent GibsonExecutive Vice PresidentChief OperationsOfficer
gkent@citizensnb.com
Lyle JeansonneExecutive Vice President
Chief CreditOfficerljeansonne@citizensnb.com
ExecutiveManagement Team
Mark JohnsonExecutive Vice PresidentCompliance/Loan ReviewAudit/Human Resources
mjohnson@citizensnb.com
Jim KeelExecutive Vice PresidentChief FinancialOfficerjkeel@citizensnb.com
Jason D. SmithExecutive Vice President
Business Bankingjsmith@citizensnb.com
We completed the merger of Citizens Bank and Trust of Springhill into Citizens National Bank, N.A in
2011. The two top Executives, G. Kent Gibson and Tommy Boggs, became part of the Citizens National
ExecutiveTeamafterthemerger.ThisstructurehassixExecutiveVicePresidentswithresponsibilityfor
everysegmentof thebankdirectlyreportingtotheChief ExecutiveOfficer.
The depth of this management team positions the company for future growth as well as inpotential acquisitions. Each individual Executive has over 25 years of banking experience.
10
12
Citizens National Investment Services helps customers develop an individualized
investment strategy. The primary goal is to make certain our clients are given the
bestfinancialadviceandpersonalizedservice.CNISoffersanarrayof product
options thatassistcustomerswithnon traditionalbankingservices thatfit their
current needs and future goals.
Citizens NationalInvestment Services
From Left: Kimberly Leone, Debbie Rolland, Financial Advisor; Tim Chance, Financial Advisor; Lindsey Hall
Carole MitchellJoined Citizens in 1988
Dianne C. HedrickJoined Citizens in 1990
Todd WinklerJoined Citizens in 1992
Jean ThorneJoinedCitizensin1993
Kelly MillerJoinedCitizensin1993
Jason D. SmithJoinedCitizensin1994
John M. LeGrand, Jr.JoinedCitizensin1994
Kay HughesJoined Citizens in 1980
Barbara W. StewartJoined Citizens in 1985
Jimmy KeelJoined Citizens in 1985
*30 Years
10-19 Years
20-29 Years
Jolene RichJoined Citizens in 1995
Deborah J. WallaceJoined Citizens in 1995
Sandra R. JohnsonJoined Citizens in 1995
Faye McCutcheonJoined Citizens in 1995
Lynna Rea WinklerJoinedCitizensin1996
Pat McConathyJoined Citizens in 1997
Nicole WilhiteJoined Citizens in 1997
Rachel MaynardJoined Citizens in 1997
Kent G. GibsonJoined Citizens in 1997
Claudia SnoddyJoined Citizens in 1998
Larry Ross, Sr.Joined Citizens in 1999
Thomas A. BoggsJoined Citizens in 1999
Lisa M. StanfordJoined Citizens in 1999
Sandi RemediesJoined Citizens in 1999
Ebbie VestJoined Citizens in 1999
Linda R. BurksJoined Citizens in 2000
Stacy J. DartJoined Citizens in 2000
Janice A. SanfordJoined Citizens in 2000
Linda G. KnightonJoined Citizens in 2001
Cassandra WalkerJoined Citizens in 2001
Ella M. GreeneJoined Citizens in 2001
Sharon PhillipsJoined Citizens in 2001
Barbara L. BoltonJoined Citizens in 2002
Theresa StevensonJoined Citizens in 2002
Gail McCadooJoined Citizens in 2002
13
MembersOur
* Employed by Citizens Bank & Trust of Springhill prior to merger.
Rhonda RotonJoinedCitizensin2006
Tina McKissackJoinedCitizensin2006
Ryan ThomasJoinedCitizensin2006
Deborah M. BetheaJoinedCitizensin2006
Patty RaneyJoinedCitizensin2006
Trudy ThomasJoinedCitizensin2006
Terry W. SheltonJoined Citizens in 2007
Rita A. KoskeJoined Citizens in 2007
Judy C. HumphriesJoined Citizens in 2007
Angela M. EdwardsJoined Citizens in 2007
Lynsandra M. FordJoined Citizens in 2008
Nerlie A. AllenJoined Citizens in 2008
Joy NelsonJoined Citizens in 2008
Leigh Ann TeutschJoined Citizens in 2008
Patti L. WiseJoined Citizens in 2008
Woody SchickJoined Citizens in 2008
Lavonne LewingJoined Citizens in 2008
Carrie M. AdamsJoinedCitizensin2006
Darryl PruittJoinedCitizensin2003
Bryan K. CastleberryJoinedCitizensin2003
Kathy WarlickJoinedCitizensin2003
Richard B. LeporeJoined Citizens in 2001
Ray W. HuddlestonJoined Citizens in 2002
Sheila L. MallardJoined Citizens in 2002
Janet ParmerJoined Citizens in 2002
Mark P. JohnsonJoined Citizens in 2002
Kathy ShepardJoinedCitizensin2004
Evelyn G. GermanyJoinedCitizensin2004
Barbara TerryJoinedCitizensin2004
Becky WallaceJoinedCitizensin2004
Teri L. WareJoined Citizens in 2005
Mary Ann GrayJoined Citizens in 2005
0-9 Years
Henry W. BridgesJoined Citizens in 2009
Nancy J PiperJoined Citizens in 2009
Frank Cole LollarJoined Citizens in 2009
Billy M. FreemanJoined Citizens in 2008
Teresa C. JohnsonJoined Citizens in 2008
10-19 Years Continued
15
Christopher R. WillcoxJoined Citizens in 2009
Shirley R. WhiteJoined Citizens in 2009
Rebecca C. BussiereJoined Citizens in 2009
Sacha A. MatthewsJoined Citizens in 2009
John D. EvansJoined Citizens in 2009
Bri CreamerJoined Citizens in 2009
Misty D. PeeJoined Citizens in 2009
Kristin R. RiversJoined Citizens in 2010
Melinda WhatleyJoined Citizens in 2010
Joel S. BiancaJoined Citizens in 2009
Paul TemplinJoined Citizens in 2009
Deborah L. HortonJoined Citizens in 2009
Lindsey A. HallJoined Citizens in 2009
Beverly Y. LeeJoined Citizens in 2009
Patricia J. HardyJoined Citizens in 2010
Caree R. BaileyJoined Citizens in 2010
Jana B. JohnstonJoined Citizens in 2010
Becky MahonyJoined Citizens in 2010
Maureen LustbergJoined Citizens in 2010
Laci A. LeeJoined Citizens in 2009
Kimberly D. BaileyJoined Citizens in 2009
Lisa M. DoyalJoined Citizens in 2010
Adenah F. LynchJoined Citizens in 2010
Claudette L. AddisonJoined Citizens in 2010
David K. AndersonJoined Citizens in 2010
Christy A. ShoalmireJoined Citizens in 2010
Jane G. LeoneJoined Citizens in 2010
Chanda M. NailJoined Citizens in 2010
Kristina L. YanichJoined Citizens in 2010
Jessica M. BlackmonJoined Citizens in 2010
Nicole L. DuckJoined Citizens in 2010
Chad M. BurgessJoined Citizens in 2011
Janet P. FowlerJoined Citizens in 2011
Heather L. TavarezJoined Citizens in 2011
Elizabeth L. SchalesJoined Citizens in 2011
Summer L. MaloneJoined Citizens in 2011
Cindy D. AubreyJoined Citizens in 2011
Deborah A. RollandJoined Citizens in 2011
Timothy L. ChanceJoined Citizens in 2011
Morgan R. HesserJoined Citizens in 2011
Michelle ByrdJoined Citizens in 2011
Sheree BaileyJoined Citizens in 2011
Candice P. WashingtonJoined Citizens in 2011
Kimberly S. NicholsJoined Citizens in 2011
Cindy AndingJoined Citizens in 2012
Donnie FaithJoined Citizens in 2012
Laurie BlackJoined Citizens in 2012
Cade CarpenterJoined Citizens in 2012
Cheryl M. SmithJoined Citizens in 2012
0-9 Years Continued
17Judy Wood
Joined Citizens in 2012
Traci WilhiteJoinedCitizensin2013
Stefani SmithJoinedCitizensin2013
Wes BrintJoinedCitizensin2013
Niki PriceJoinedCitizensin2014
Kim LeoneJoinedCitizensin2014
Mary AllredJoinedCitizensin2014
Wells Audrey RussellJoinedCitizensin2014
Tyler C. SpeckmanJoinedCitizensin2014
David MadridJoinedCitizensin2014
Melanie JonesJoinedCitizensin2014
Ben DesobryJoinedCitizensin2013
Lacie CampbellJoinedCitizensin2013
Lyle JeansonneJoinedCitizensin2013
Angela GroundsJoinedCitizensin2013
Lynn WomackJoinedCitizensin2013
Brenda IsabellaJoinedCitizensin2013
Dana BrunsonJoinedCitizensin2013
Marissa BatesJoinedCitizensin2013
Debbie JonesJoined Citizens in 2012
Stephanie Medford DempseyJoined Citizens in 2012
Not Pictured: Cindy Sanders, joined Citizens in 2013Joanna Ball
JoinedCitizensin2014Season Bailey
JoinedCitizensin2014Kathie Arnold
JoinedCitizensin2014Rhonda Adams
JoinedCitizensin2014Galyn Gillespie
JoinedCitizensin2014
Mary BealerJoinedCitizensin2014
Renee RothenbergerJoinedCitizensin2014
Tammi YoungJoinedCitizensin2014
Donna SmithJoinedCitizensin2014
Tyler JoseyJoinedCitizensin2014
Brandon GoreeJoinedCitizensin2014
Larry MelanconJoinedCitizensin2014
Jessica MetcalfJoinedCitizensin2014
Haley GoldenJoinedCitizensin2014
Paula KlineJoinedCitizensin2014
Pam AdamsJoinedCitizensin2014
Jacqueline SadlerJoinedCitizensin2014
Wes BrantleyJoined Citizens in 2015
Rob ReaganJoinedCitizensin2014
Reina RichardsonJoinedCitizensin2014
Tina DeLoachJoinedCitizensin2014
Robyn MunskaJoinedCitizensin2014
Felicia C. JonesJoinedCitizensin2014
Jenny JeaneJoined Citizens in 2015
Jackie LacourJoined Citizens in 2015
0-9 Years Continued
19
Board ofDirectors
L. Clary Anthony, Jr.Board Member Since 1993
Retired Timber Man
David FiteBoard Member Since 2009
Oil & Gas Investments
Robert GarlandBoard Member Since 1982
Retired Forester
John W. GarmanyBoard Member Since 2009
Retired Banker
Will HubbardBoard Member Since 1990
Retired Banker
Glenn JacksonBoard Member Since 2005
Retired Banker
John McConathyBoard Member Since 1985
Retired SuperintendentBossier Parish School Board
J. Kevin McCotterBoard Member Since 2003
McCotter Public Strategies, LLC
Ronnie SheffieldBoard Member Since 1991
Retired Banker
James P. WilliamsBoard Member Since 1998
Anesthesiologist
M. Dennis WilsonBoard Member Since 1985Certified Public Accountant
“Our board is a representationof the communities we serve.”
G. Kent GibsonBoard Member Since 1998
EVP & COO,Citizens National Bank
Edward R. GloverBoard Member Since 1985
Retired Banker
Gerald HawkinsBoard Member Since 2002
Investor
Jay HearnsbergerBoard Member Since 2001
Real Estate
Wayne McMahenBoard Member Since 2001McMahen Veterinary Clinic
Mark L. MontgomeryBoard Member Since 1985
Real Estate
James W. RogersBoard Member Since 1985
Retired Dentist
Woody SchickBoard Member Since 2008
President & CEO,Citizens National Bank
The current Board of Directors are the result of a combination of founding Directors, additions
throughtheyears,andfiveDirectorsfromtheCitizensBankandTrustof Springhillacquisition.
Our Board is a representation of the communities we serve with individual knowledge in the areas
of Timber, Oil & Gas, Real Estate, Construction, Education, Accounting, Medical, and Banking.
22
23
WILL HUBBARD, CHAIRMAN
OF THE BOARD OF DIRECTORS
SINCERELY,
Thebankcelebrates30yearsof servicethisyeartotheShreveportandBossiercommunityand
surroundingareas.Duringthistime,CitizensNationalBankgrewto14branchesthroughoutfive
parishes in Louisiana. The bank’s success relies on the community’s patronage and dedicated
employee support.
InApril2014, JohnMcConathyretiredasChairmanof theBoardof CitizensNationalBank
and now serves on the Board of Directors. As a cofounder of the bank, Mr. McConathy served as the
Chairman of the Board for the last 25 years. Under Mr. McConathy’s guidance and leadership, the bank
grew to new heights that set a lasting standard for the employees that serve the customers of the bank.
My relationship with Citizens National Bank began during the early years of conception. After serving as
thebank’sPresidentandChief ExecutiveOfficerfor18years,Iretiredfromtheday-to-dayoperationstobegin
theroleastheViceChairmanof theBoardandcontinuedthisroleforthenextfiveyears.Ifeelhonoredtocontinue
myrelationshipwiththebankasChairmanof theBoardof Directors.Myfocuscontinuestomaintainthefinancial
growth of the bank and the community we serve. We pride ourselves in being “Your Kind of Bank”.
A Letter from The Chairman of the
Board of Directors
“The bank’s success relies on the
community’s patronage and dedicated
employee support”.