Citizens Bank of Cumberland County, Inc.

Headquarters

209 Keen Street
Burkesville, KY 42717
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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 Cumberland County, Inc. is an FDIC insured institution located in Burkesville, KY. It was founded in 2000 and has approximately $0.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 35442
Date Established 2000
Assets $ 73.68 million
Loans $ 49.84 million
Deposits $ 61.49 million
Capital $ 10.26 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank of Cumberland County, Inc.

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

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2.815% 2.750% 0.88 $2,122 $1,021 Learn More
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3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to Citizens Bank of Cumberland County, Inc.
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Branches

Citizens Bank of Cumberland County, 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:
Fairfield,Connecticut


Citizens Bank of Cumberland County, Inc. Locations


Financial Details

Citizens Bank of Cumberland County, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Cumberland County, 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 of Cumberland County, Inc. U.S. Bank Average
8.38% 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 Cumberland County, Inc. had $770,000 in non-current loans and $152,000 in owned real estate. To cover these potential losses it had $10,258,000 in equity and $745,000 in loans loss reserves. That gives it a Texas Ratio of 8.38%.

Return on Equity
Citizens Bank of Cumberland County, Inc. U.S. Bank Average
11.35% 7.80%

Citizens Bank of Cumberland County, Inc. has a Return on Equity of 11.35% 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 Cumberland County, Inc. U.S. Bank Average
13.92% 12.68%

Citizens Bank of Cumberland County, Inc. has a Capitalization of 13.92% 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 Cumberland County, Inc. Balance Sheet Analysis

As of March 31, 2020, Citizens Bank of Cumberland County, Inc. had assets of $73,676,000, loans of $49,841,000, and deposits of $61,490,000. 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 $ 6.97 million
Interest-bearing balances $ 3.24 million
Total securities $ 6.43 million
Federal funds sold and reverse repurchase $ 8.40 million
Net loans and leases $ 49.84 million
Loan loss allowance $ 0.75 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 $ 1.26 million
     Total Assets $ 63.42 million
LIABILITIES
Total deposits $ 61.49 million
      Interest-bearing deposits $ 44.13 million
      Deposits held in domestic offices $ 61.49 million
      % insured (estimated) 84.74%
Federal funds purchased and repurchase agreements $ 1.64 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.29 million
      Total Liabilities $ 63.42 million
      Shareholders’ Equity $ 10.26 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.97 million
Total Interest Expense $ 0.11 million
Net interest income $ 0.86 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.09 million
Total non interest expense $ 0.65 million
Pre-tax Net Operating Income $ 0.29 million

Bank Loan Profile?

The top three loan types in Citizens Bank of Cumberland County, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Consumer Auto Loans.

Compared to other banks in Kentucky, Citizens Bank of Cumberland County, Inc. 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 38.06
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 8.66
Small Business Loans 0.00
Construction and Development Loans 1.70
Commercial Real Estate 26.47
Commercial and Industrial Loans 5.53
Farm Loans 1.05

Frequently Asked Questions About Citizens Bank Of Cumberland County, Inc.

Branches and Savings

Is Citizens Bank Of Cumberland County, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #35442.

Why does Citizens Bank Of Cumberland County, 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 Of Cumberland County, Inc. CD rates not competitive?

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

Is Citizens Bank Of Cumberland County, Inc. a commercial bank?

Yes

Where are Citizens Bank Of Cumberland County, Inc. locations?

See branch locations nearby.

Is Citizens Bank Of Cumberland County, Inc. open on Saturdays?

Is Citizens Bank Of Cumberland County, Inc. open on Sundays?

What time does Citizens Bank Of Cumberland County, Inc. open?

What time does Citizens Bank Of Cumberland County, Inc. close?

Are Citizens Bank Of Cumberland County, Inc. ATMs Open 24/7?

Do Citizens Bank Of Cumberland County, Inc. ATMs accept cash deposits?

Can Citizens Bank Of Cumberland County, Inc. customers use other ATMs?

Do Citizens Bank Of Cumberland County, Inc. branches have notaries?

Will Citizens Bank Of Cumberland County, Inc. notarize my document?

What address for Citizens Bank Of Cumberland County, Inc. should I put for incoming ACH transfers?

Will the Citizens Bank Of Cumberland County, Inc. branch print checks?

Do Citizens Bank Of Cumberland County, Inc. checks expire?

Does Citizens Bank Of Cumberland County, Inc. require US citizenship to open account?

Can Citizens Bank Of Cumberland County, Inc. close my account?

Does Citizens Bank Of Cumberland County, Inc. Report to credit bureaus?

Does Citizens Bank Of Cumberland County, Inc. Use Equifax?

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

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

Products

Does Citizens Bank Of Cumberland County, Inc. offer mortgages?

Compare mortgage rates here.

Does Citizens Bank Of Cumberland County, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Bank Of Cumberland County, Inc. offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Cumberland County, Inc. offer student loans?

Will Citizens Bank Of Cumberland County, Inc. cash a check?

Will Citizens Bank Of Cumberland County, Inc. redeem a savings bond?

Does Citizens Bank Of Cumberland County, Inc. cash savings bonds?

Will Citizens Bank Of Cumberland County, Inc. cash money orders?

Can Citizens Bank Of Cumberland County, Inc. issue a money order?

Does Citizens Bank Of Cumberland County, Inc. do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Cumberland County, Inc.?

How long has Citizens Bank Of Cumberland County, Inc. been around?

Can Citizens Bank Of Cumberland County, Inc. transfer to other banks?

Does Citizens Bank Of Cumberland County, Inc. have quick pay?

Does Citizens Bank Of Cumberland County, Inc. accept rolled coins?

Will Citizens Bank Of Cumberland County, Inc. accept loose change?

Where is Citizens Bank Of Cumberland County, Inc. headquarters?

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