Citizens Bank and Trust

2 East Wall Street
Frostproof, FL 33843

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5673
Date Established 1920
Assets $0.65 billion
Loans $0.38 billion
Deposits $0.58 billion
Capital $0.05 billion

Citizens Bank and Trust is an FDIC insured institution located in Frostproof, FL. It was founded in 1920 and has approximately $0.65 billion in assets. Customers can open an account at one of its 14 branches.

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

Deposit Rates - September 18, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.05% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.05% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.03% $1,000 - Learn MoreShow Less
6 Mo CD
0.05% $1,000 - Learn MoreShow Less
12 Mo CD
0.10% $1,000 - Learn MoreShow Less
18 Mo CD
0.15% $1,000 - Learn MoreShow Less
24 Mo CD
0.20% $1,000 - Learn MoreShow Less
30 Mo CD
0.25% $1,000 - Learn MoreShow Less
36 Mo CD
0.40% $1,000 - Learn MoreShow Less
48 Mo CD
0.60% $1,000 - Learn MoreShow Less
60 Mo CD
0.80% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.10% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1,000 - Learn MoreShow Less

Loan Rates - September 18, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank and Trust

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.662% 3.625% 0.50 $1,130 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Citizens Bank and Trust
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Branches

Citizens Bank and Trust 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:
Fairfield,Connecticut


Citizens Bank and Trust Locations


Financial Details

Citizens Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank and Trust. 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 Bank and Trust U.S. Bank Average
7.19% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Citizens Bank and Trust had $1,727,000 in non-current loans and $2,187,000 in owned real estate. To cover these potential losses it had $50,748,000 in equity and $3,667,000 in loans loss reserves. That gives it a Texas Ratio of 7.19%.

Return on Equity
Citizens Bank and Trust U.S. Bank Average
15.71% 9.47%

Citizens Bank and Trust has a Return on Equity of 15.71% versus the BestCashCow average of 9.47%. 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 Bank and Trust U.S. Bank Average
7.78% 12.49%

Citizens Bank and Trust has a Capitalization of 7.78% versus the BestCashCow average of 12.49. 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 Bank and Trust Balance Sheet Analysis

As of March 31, 2019, Citizens Bank and Trust had assets of $652,216,000, loans of $382,374,000, and deposits of $584,381,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.07 billion
Interest-bearing balances $0.05 billion
Total securities $0.18 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.38 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.60 billion
LIABILITIES
Total deposits $0.58 billion
      Interest-bearing deposits $0.33 billion
      Deposits held in domestic offices $0.58 billion
      % insured (estimated) 68.21%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.60 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Citizens Bank and Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Florida, Citizens Bank and Trust has a significantly higher percent of Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 26.79
Multifamily
Mortgages
1.60
Credit Card Loans 0.00
Consumer Auto Loans 7.65
Small Business Loans 0.00
Construction and Development Loans 4.69
Commercial Real Estate 39.55
Commercial and Industrial Loans 11.29
Farm Loans 0.37

Frequently Asked Questions About Citizens Bank And Trust

Branches and Savings

Is Citizens Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #5673.

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

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

Why are Citizens Bank And Trust CD rates not competitive?

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

Is Citizens Bank And Trust a commercial bank?

Yes

Where are Citizens Bank And Trust locations?

See branch locations nearby.

Is Citizens Bank And Trust open on Saturdays?

Is Citizens Bank And Trust open on Sundays?

What time does Citizens Bank And Trust open?

What time does Citizens Bank And Trust close?

Are Citizens Bank And Trust ATMs Open 24/7?

Do Citizens Bank And Trust ATMs accept cash deposits?

Can Citizens Bank And Trust customers use other ATMs?

Do Citizens Bank And Trust branches have notaries?

Will Citizens Bank And Trust notarize my document?

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

Will the Citizens Bank And Trust branch print checks?

Do Citizens Bank And Trust checks expire?

Does Citizens Bank And Trust require US citizenship to open account?

Can Citizens Bank And Trust close my account?

Does Citizens Bank And Trust Report to credit bureaus?

Does Citizens Bank And Trust Use Equifax?

What is Citizens Bank And Trust's ACH Routing Number?

What is Citizens Bank And Trust's SWIFT code?

Products

Does Citizens Bank And Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Bank And Trust offer personal loans?

Compare personal loan rates here.

Does Citizens Bank And Trust offer student loans?

Will Citizens Bank And Trust cash a check?

Will Citizens Bank And Trust redeem a savings bond?

Does Citizens Bank And Trust cash savings bonds?

Will Citizens Bank And Trust cash money orders?

Can Citizens Bank And Trust issue a money order?

Does Citizens Bank And Trust do currency exchange?

Background on The Bank

Who owns Citizens Bank And Trust?

How long has Citizens Bank And Trust been around?

Can Citizens Bank And Trust transfer to other banks?

Does Citizens Bank And Trust have quick pay?

Does Citizens Bank And Trust accept rolled coins?

Will Citizens Bank And Trust accept loose change?

Where is Citizens Bank And Trust headquarters?

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