Citizens Bank of Ada

Headquarters

123 West 12th Street
Ada, OK 74820
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.35% 0.95% →
2-Year CD 0.45% 1.05% →
5-Year CD 0.90% 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 of Ada is an FDIC insured institution located in Ada, OK. It was founded in 1967 and has approximately $0.2 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 19679
Date Established 1967
Assets $ 197.22 million
Loans $ 127.12 million
Deposits $ 160.32 million
Capital $ 21.22 million
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.18% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.30% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank of Ada

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

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

Branches

Citizens Bank of Ada 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 of Ada Locations


Financial Details

Citizens Bank of Ada Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Ada. 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 of Ada U.S. Bank Average
11.95% 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 of Ada had $2,554,000 in non-current loans and $150,000 in owned real estate. To cover these potential losses it had $21,223,000 in equity and $1,396,000 in loans loss reserves. That gives it a Texas Ratio of 11.95%.

Return on Equity
Citizens Bank of Ada U.S. Bank Average
7.9% 7.80%

Citizens Bank of Ada has a Return on Equity of 7.9% 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 of Ada U.S. Bank Average
10.76% 12.68%

Citizens Bank of Ada has a Capitalization of 10.76% 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 of Ada Balance Sheet Analysis

As of March 31, 2020, Citizens Bank of Ada had assets of $197,221,000, loans of $127,120,000, and deposits of $160,315,000. 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 $ 15.00 million
Interest-bearing balances $ 7.14 million
Total securities $ 37.77 million
Federal funds sold and reverse repurchase $ 11.77 million
Net loans and leases $ 127.12 million
Loan loss allowance $ 1.40 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.15 million
Goodwill and other intangibles N.A.
All other assets $ 2.68 million
     Total Assets $ 176.00 million
LIABILITIES
Total deposits $ 160.32 million
      Interest-bearing deposits $ 102.43 million
      Deposits held in domestic offices $ 160.32 million
      % insured (estimated) 78.51%
Federal funds purchased and repurchase agreements $ 13.54 million
Trading liabilities N.A.
Other borrowed funds $ 0.05 million
Subordinated debt N.A.
All other liabilities $ 2.10 million
      Total Liabilities $ 176.00 million
      Shareholders’ Equity $ 21.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.25 million
Total Interest Expense $ 0.08 million
Net interest income $ 2.17 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 0.66 million
Total non interest expense $ 2.33 million
Pre-tax Net Operating Income $ 0.41 million

Bank Loan Profile?

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

Compared to other banks, Citizens Bank of Ada’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 30.34
Multifamily
Mortgages
1.90
Credit Card Loans 0.00
Consumer Auto Loans 2.40
Small Business Loans 0.00
Construction and Development Loans 2.92
Commercial Real Estate 27.51
Commercial and Industrial Loans 21.46
Farm Loans 0.53

Frequently Asked Questions About Citizens Bank Of Ada

Branches and Savings

Is Citizens Bank Of Ada FDIC insured?

Yes. It is covered under FDIC Certificate #19679.

Why does Citizens Bank Of Ada 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 Of Ada CD rates not competitive?

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

Is Citizens Bank Of Ada a commercial bank?

Yes

Where are Citizens Bank Of Ada locations?

See branch locations nearby.

Is Citizens Bank Of Ada open on Saturdays?

Is Citizens Bank Of Ada open on Sundays?

What time does Citizens Bank Of Ada open?

What time does Citizens Bank Of Ada close?

Are Citizens Bank Of Ada ATMs Open 24/7?

Do Citizens Bank Of Ada ATMs accept cash deposits?

Can Citizens Bank Of Ada customers use other ATMs?

Do Citizens Bank Of Ada branches have notaries?

Will Citizens Bank Of Ada notarize my document?

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

Will the Citizens Bank Of Ada branch print checks?

Do Citizens Bank Of Ada checks expire?

Does Citizens Bank Of Ada require US citizenship to open account?

Can Citizens Bank Of Ada close my account?

Does Citizens Bank Of Ada Report to credit bureaus?

Does Citizens Bank Of Ada Use Equifax?

What is Citizens Bank Of Ada's ACH Routing Number?

What is Citizens Bank Of Ada's SWIFT code?

Products

Does Citizens Bank Of Ada offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Bank Of Ada offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Ada offer student loans?

Will Citizens Bank Of Ada cash a check?

Will Citizens Bank Of Ada redeem a savings bond?

Does Citizens Bank Of Ada cash savings bonds?

Will Citizens Bank Of Ada cash money orders?

Can Citizens Bank Of Ada issue a money order?

Does Citizens Bank Of Ada do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Ada?

How long has Citizens Bank Of Ada been around?

Can Citizens Bank Of Ada transfer to other banks?

Does Citizens Bank Of Ada have quick pay?

Does Citizens Bank Of Ada accept rolled coins?

Will Citizens Bank Of Ada accept loose change?

Where is Citizens Bank Of Ada headquarters?

Customer Reviews for Citizens Bank of Ada

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

Add Your Review

Rate it here →