Citizens Bank of Effingham

Headquarters

802 South Laurel Street
Springfield, GA 31329
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 Effingham is an FDIC insured institution located in Springfield, GA. It was founded in 1998 and has approximately $0.21 billion in assets.

Citizens Bank of Effingham, Springfield, Georgia, was closed on February 18, 2011 by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with HeritageBank of the South, Albany, Georgia, to assume all of the deposits of Citizens Bank of Effingham.

FDIC Insured Yes
FDIC Certificate # 34601
Date Established 1998
Assets $ 214.28 million
Loans $ 139.79 million
Deposits $ 206.49 million
Capital $ 2.19 million
 

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

Deposit Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 20, 2020

Your Current Location: Connecticut, CT 06828

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

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 $2,118 $1,021 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

Note to Citizens Bank of Effingham
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Branches

Citizens Bank of Effingham 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 Effingham Locations


Financial Details

Citizens Bank of Effingham Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Effingham. 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 Effingham U.S. Bank Average
522.31% 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 Effingham had $19,416,000 in non-current loans and $18,091,000 in owned real estate. To cover these potential losses it had $2,191,000 in equity and $4,990,000 in loans loss reserves. That gives it a Texas Ratio of 522.31%.

Return on Equity
Citizens Bank of Effingham U.S. Bank Average
-130.18% 7.80%

Citizens Bank of Effingham has a Return on Equity of -130.18% 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 Effingham U.S. Bank Average
1.02% 12.68%

Citizens Bank of Effingham has a Capitalization of 1.02% 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 Effingham Balance Sheet Analysis

As of December 31, 2010, Citizens Bank of Effingham had assets of $214,275,000, loans of $139,790,000, and deposits of $206,490,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 139.79 million
Loan loss allowance $ 4.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 18.09 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 206.49 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 214.28 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Citizens Bank of Effingham’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Citizens Bank of Effingham’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Citizens Bank Of Effingham

Branches and Savings

Is Citizens Bank Of Effingham FDIC insured?

Yes. It is covered under FDIC Certificate #34601.

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

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

Is Citizens Bank Of Effingham a commercial bank?

Yes

Where are Citizens Bank Of Effingham locations?

See branch locations nearby.

Is Citizens Bank Of Effingham open on Saturdays?

Is Citizens Bank Of Effingham open on Sundays?

What time does Citizens Bank Of Effingham open?

What time does Citizens Bank Of Effingham close?

Are Citizens Bank Of Effingham ATMs Open 24/7?

Do Citizens Bank Of Effingham ATMs accept cash deposits?

Can Citizens Bank Of Effingham customers use other ATMs?

Do Citizens Bank Of Effingham branches have notaries?

Will Citizens Bank Of Effingham notarize my document?

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

Will the Citizens Bank Of Effingham branch print checks?

Do Citizens Bank Of Effingham checks expire?

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

Can Citizens Bank Of Effingham close my account?

Does Citizens Bank Of Effingham Report to credit bureaus?

Does Citizens Bank Of Effingham Use Equifax?

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

What is Citizens Bank Of Effingham's SWIFT code?

Products

Does Citizens Bank Of Effingham offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Bank Of Effingham offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Effingham offer student loans?

Will Citizens Bank Of Effingham cash a check?

Will Citizens Bank Of Effingham redeem a savings bond?

Does Citizens Bank Of Effingham cash savings bonds?

Will Citizens Bank Of Effingham cash money orders?

Can Citizens Bank Of Effingham issue a money order?

Does Citizens Bank Of Effingham do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Effingham?

How long has Citizens Bank Of Effingham been around?

Can Citizens Bank Of Effingham transfer to other banks?

Does Citizens Bank Of Effingham have quick pay?

Does Citizens Bank Of Effingham accept rolled coins?

Will Citizens Bank Of Effingham accept loose change?

Where is Citizens Bank Of Effingham headquarters?

Customer Reviews for Citizens Bank of Effingham


  • February 22, 2016

    What happens regarding monies paid for bancshares? Many investors are wondering and principles of the organization are not providing information.

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