Citizens' Bank, Inc.

Headquarters

21980 Palmer Street
Robertsdale, AL 36567
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.10% 0.95% →
2-Year CD 0.20% 1.05% →
5-Year CD 0.40% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Citizens' Bank, Inc. is an FDIC insured institution located in Robertsdale, AL. It was founded in 1981 and has approximately $0.11 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 23523
Date Established 1981
Assets $ 114.20 million
Loans $ 74.89 million
Deposits $ 99.72 million
Capital $ 13.79 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $50 - Learn More
Money Market
0.05% $2,000 $9,999 Learn More
Money Market
0.10% $10,000 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.05% $1,000 - Learn More
12 Mo CD
0.10% $1,000 - Learn More
18 Mo CD
0.15% $1,000 - Learn More
24 Mo CD
0.20% $1,000 - Learn More
30 Mo CD
0.25% $1,000 - Learn More
36 Mo CD
0.30% $1,000 - Learn More
48 Mo CD
0.35% $1,000 - Learn More
60 Mo CD
0.40% $1,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $9,999 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Citizens' Bank, Inc.

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to Citizens' Bank, Inc.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Citizens' Bank, Inc. 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:
Seattle,Washington


Citizens' Bank, Inc. Locations


Financial Details

Citizens' Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens' Bank, Inc.. 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, Inc. U.S. Bank Average
14.01% 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' Bank, Inc. had $1,165,000 in non-current loans and $900,000 in owned real estate. To cover these potential losses it had $13,793,000 in equity and $950,000 in loans loss reserves. That gives it a Texas Ratio of 14.01%.

Return on Equity
Citizens' Bank, Inc. U.S. Bank Average
5.7% 7.80%

Citizens' Bank, Inc. has a Return on Equity of 5.7% 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' Bank, Inc. U.S. Bank Average
12.08% 12.68%

Citizens' Bank, Inc. has a Capitalization of 12.08% 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' Bank, Inc. Balance Sheet Analysis

As of March 31, 2020, Citizens' Bank, Inc. had assets of $114,197,000, loans of $74,885,000, and deposits of $99,716,000. 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 $ 13.32 million
Interest-bearing balances $ 6.40 million
Total securities $ 20.19 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 74.89 million
Loan loss allowance $ 0.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.90 million
Goodwill and other intangibles N.A.
All other assets $ 3.29 million
     Total Assets $ 100.40 million
LIABILITIES
Total deposits $ 99.72 million
      Interest-bearing deposits $ 59.47 million
      Deposits held in domestic offices $ 99.72 million
      % insured (estimated) 80.53%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.69 million
      Total Liabilities $ 100.40 million
      Shareholders’ Equity $ 13.79 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.19 million
Total Interest Expense $ 0.11 million
Net interest income $ 1.08 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.13 million
Total non interest expense $ 1.01 million
Pre-tax Net Operating Income $ 0.20 million

Bank Loan Profile?

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

Compared to other banks, Citizens' Bank, Inc.’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 34.63
Multifamily
Mortgages
4.50
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 0.00
Construction and Development Loans 11.94
Commercial Real Estate 31.26
Commercial and Industrial Loans 10.54
Farm Loans 2.62

Frequently Asked Questions About Citizens' Bank, Inc.

Branches and Savings

Is Citizens' Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #23523.

Why does Citizens' Bank, Inc. 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, Inc. CD rates not competitive?

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

Is Citizens' Bank, Inc. a commercial bank?

Yes

Where are Citizens' Bank, Inc. locations?

See branch locations nearby.

Is Citizens' Bank, Inc. open on Saturdays?

Is Citizens' Bank, Inc. open on Sundays?

What time does Citizens' Bank, Inc. open?

What time does Citizens' Bank, Inc. close?

Are Citizens' Bank, Inc. ATMs Open 24/7?

Do Citizens' Bank, Inc. ATMs accept cash deposits?

Can Citizens' Bank, Inc. customers use other ATMs?

Do Citizens' Bank, Inc. branches have notaries?

Will Citizens' Bank, Inc. notarize my document?

What address for Citizens' Bank, Inc. should I put for incoming ACH transfers?

Will the Citizens' Bank, Inc. branch print checks?

Do Citizens' Bank, Inc. checks expire?

Does Citizens' Bank, Inc. require US citizenship to open account?

Can Citizens' Bank, Inc. close my account?

Does Citizens' Bank, Inc. Report to credit bureaus?

Does Citizens' Bank, Inc. Use Equifax?

What is Citizens' Bank, Inc.'s ACH Routing Number?

What is Citizens' Bank, Inc.'s SWIFT code?

Products

Does Citizens' Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Citizens' Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens' Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Citizens' Bank, Inc. offer student loans?

Will Citizens' Bank, Inc. cash a check?

Will Citizens' Bank, Inc. redeem a savings bond?

Does Citizens' Bank, Inc. cash savings bonds?

Will Citizens' Bank, Inc. cash money orders?

Can Citizens' Bank, Inc. issue a money order?

Does Citizens' Bank, Inc. do currency exchange?

Background on The Bank

Who owns Citizens' Bank, Inc.?

How long has Citizens' Bank, Inc. been around?

Can Citizens' Bank, Inc. transfer to other banks?

Does Citizens' Bank, Inc. have quick pay?

Does Citizens' Bank, Inc. accept rolled coins?

Will Citizens' Bank, Inc. accept loose change?

Where is Citizens' Bank, Inc. headquarters?

Customer Reviews for Citizens' Bank, Inc.

There are currently no comments for Citizens' Bank, Inc.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →