Question 1

What is Citizens State Bank of Miles?

Accepted Answer

Citizens State Bank of Miles is a community-focused commercial bank serving the West Texas region. With approximately $278 million in total assets and $250 million in deposits, the bank specializes in commercial lending and provides personalized banking services to individuals and businesses in Runnels County and the surrounding areas.

The bank operates as a subsidiary of CSB Financial Corp, a locally owned bank holding company established in 2008. With 23 employees across 2 offices, Citizens State Bank of Miles maintains the small-town banking values of personalized service while offering modern financial products.

Question 2

When was Citizens State Bank of Miles founded?

Accepted Answer

Citizens State Bank of Miles was originally chartered in 1937 and has been serving the West Texas community for nearly nine decades. The bank has maintained its commitment to local ownership and community banking throughout its history.

In 2008, CSB Financial Corp was formed as the bank holding company, creating a corporate structure that preserved local ownership while providing regulatory framework for continued growth and stability.

Question 3

Where is Citizens State Bank of Miles headquartered?

Accepted Answer

Citizens State Bank of Miles is headquartered in Miles, Texas, a small community in Runnels County. The main office is located at 111 South Robinson Street, Miles, TX 76861.

Miles is situated in West Texas, positioned as a traditional agricultural and ranching community that has long served as a local banking center for surrounding rural areas.

Question 4

Where does Citizens State Bank of Miles operate?

Accepted Answer

The bank operates two full-service offices in West Texas. The main location is in Miles, Texas, serving Runnels County and surrounding rural communities. The second branch is located at 329 West Harris Avenue in San Angelo, Texas, the region's largest city.

This strategic positioning allows the bank to serve both small-town customers in Miles and the broader market in San Angelo, providing accessibility to customers throughout the West Texas region.

Question 5

What services does Citizens State Bank of Miles offer?

Accepted Answer

Citizens State Bank of Miles offers a comprehensive range of commercial and retail banking services. The bank specializes in commercial lending, with a significant portfolio focused on commercial and industrial loans totaling approximately $42 million, as well as real estate-secured lending of approximately $136 million.

Retail services include checking and savings accounts, certificates of deposit, mortgage loans, and consumer lending. Digital banking capabilities include mobile banking through a dedicated mobile app, online banking platforms, and 24-hour account access.

The bank provides ATM services at both locations and traditional drive-through banking facilities. Business banking services cater to the agricultural, ranching, and small business sectors that form the economic backbone of the region.

Question 6

What makes Citizens State Bank of Miles unique?

Accepted Answer

Citizens State Bank of Miles distinguishes itself through its commercial lending specialization in a rural market. With strong financial performance including a return on assets (ROA) of 2.60% and return on equity (ROE) of 25.58%, the bank demonstrates exceptional profitability compared to industry averages.

The bank operates as an S-Corporation, a structure that provides tax advantages while maintaining local ownership through CSB Financial Corp. This local ownership structure ensures that banking decisions are made by people who understand the unique needs of West Texas communities.

With nearly 90 years of continuous service, the bank has built deep relationships within the community while maintaining strong capital ratios and a Tier 1 Leverage Ratio of 10.71%, demonstrating financial stability and prudent management.

Question 7

What type of financial institution is Citizens State Bank of Miles?

Accepted Answer

Citizens State Bank of Miles is a state-chartered commercial bank regulated by the FDIC. As a commercial bank with commercial lending specialization, it focuses on serving business customers alongside retail banking clients.

The bank is classified as a community bank, emphasizing relationship banking and local market expertise. It is not a member of the Federal Reserve System but operates under state banking regulations and FDIC supervision, maintaining deposit insurance for all customer accounts.

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