Citizens Alliance Bank

Headquarters

55 First Street Northwest
Clara City, MN 56222
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.91% →
1-Year CD 0.60% 0.85% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Citizens Alliance Bank is an FDIC insured institution located in Clara City, MN. It was founded in 1902 and has approximately $0.86 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 1402
Date Established 1902
Assets $ 861.57 million
Loans $ 588.76 million
Deposits $ 728.15 million
Capital $ 77.08 million
 

For a more detailed analysis of Citizens Alliance Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Premium Money Market Account
0.20% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
0.95% $100,000 $199,999 Learn More
48 Mo CD
1.05% $10,000 $14,999 Learn More
48 Mo CD
1.05% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.02% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Citizens Alliance Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Citizens Alliance Bank
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Branches

Citizens Alliance Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Citizens Alliance Bank Locations


Financial Details

Citizens Alliance Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Alliance Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Citizens Alliance Bank U.S. Bank Average
12.34% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Citizens Alliance Bank had $8,056,000 in non-current loans and $2,415,000 in owned real estate. To cover these potential losses it had $77,075,000 in equity and $7,778,000 in loans loss reserves. That gives it a Texas Ratio of 12.34%.

Return on Equity
Citizens Alliance Bank U.S. Bank Average
8.47% 7.80%

Citizens Alliance Bank has a Return on Equity of 8.47% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Citizens Alliance Bank U.S. Bank Average
8.95% 12.68%

Citizens Alliance Bank has a Capitalization of 8.95% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Citizens Alliance Bank Balance Sheet Analysis

As of March 31, 2020, Citizens Alliance Bank had assets of $861,565,000, loans of $588,757,000, and deposits of $728,153,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 63.57 million
Interest-bearing balances $ 52.26 million
Total securities $ 155.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 588.76 million
Loan loss allowance $ 7.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.42 million
Goodwill and other intangibles $ 8.54 million
All other assets $ 25.39 million
     Total Assets $ 784.49 million
LIABILITIES
Total deposits $ 728.15 million
      Interest-bearing deposits $ 512.73 million
      Deposits held in domestic offices $ 728.15 million
      % insured (estimated) 59.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 53.78 million
Subordinated debt N.A.
All other liabilities $ 2.56 million
      Total Liabilities $ 784.49 million
      Shareholders’ Equity $ 77.08 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 9.09 million
Total Interest Expense $ 1.59 million
Net interest income $ 7.50 million
Provision for loan and lease losses $ 1.42 million
Total non interest income $ 0.74 million
Total non interest expense $ 4.59 million
Pre-tax Net Operating Income $ 2.23 million

Bank Loan Profile?

The top three loan types in Citizens Alliance Bank’s loan portfolio are Commercial Real Estate, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks, Citizens Alliance Bank’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.59
Multifamily
Mortgages
1.57
Credit Card Loans 0.44
Consumer Auto Loans 0.25
Small Business Loans 6.59
Construction and Development Loans 4.74
Commercial Real Estate 23.80
Commercial and Industrial Loans 17.53
Farm Loans 19.61

Frequently Asked Questions About Citizens Alliance Bank

Branches and Savings

Is Citizens Alliance Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1402.

Why does Citizens Alliance Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Citizens Alliance Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Citizens Alliance Bank a commercial bank?

Yes

Where are Citizens Alliance Bank locations?

See branch locations nearby.

Is Citizens Alliance Bank open on Saturdays?

Is Citizens Alliance Bank open on Sundays?

What time does Citizens Alliance Bank open?

What time does Citizens Alliance Bank close?

Are Citizens Alliance Bank ATMs Open 24/7?

Do Citizens Alliance Bank ATMs accept cash deposits?

Can Citizens Alliance Bank customers use other ATMs?

Do Citizens Alliance Bank branches have notaries?

Will Citizens Alliance Bank notarize my document?

What address for Citizens Alliance Bank should I put for incoming ACH transfers?

Will the Citizens Alliance Bank branch print checks?

Do Citizens Alliance Bank checks expire?

Does Citizens Alliance Bank require US citizenship to open account?

Can Citizens Alliance Bank close my account?

Does Citizens Alliance Bank Report to credit bureaus?

Does Citizens Alliance Bank Use Equifax?

What is Citizens Alliance Bank's ACH Routing Number?

What is Citizens Alliance Bank's SWIFT code?

Products

Does Citizens Alliance Bank offer mortgages?

Compare mortgage rates here.

Does Citizens Alliance Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Alliance Bank offer personal loans?

Compare personal loan rates here.

Does Citizens Alliance Bank offer student loans?

Will Citizens Alliance Bank cash a check?

Will Citizens Alliance Bank redeem a savings bond?

Does Citizens Alliance Bank cash savings bonds?

Will Citizens Alliance Bank cash money orders?

Can Citizens Alliance Bank issue a money order?

Does Citizens Alliance Bank do currency exchange?

Background on The Bank

Who owns Citizens Alliance Bank?

How long has Citizens Alliance Bank been around?

Can Citizens Alliance Bank transfer to other banks?

Does Citizens Alliance Bank have quick pay?

Does Citizens Alliance Bank accept rolled coins?

Will Citizens Alliance Bank accept loose change?

Where is Citizens Alliance Bank headquarters?

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