Citizens Bank of Florida

156 Geneva Drive
Oviedo, FL 32765

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16442
Date Established 1946
Assets $0.31 billion
Loans $0.22 billion
Deposits $0.27 billion
Capital $0.03 billion

Citizens Bank of Florida is an FDIC insured institution located in Oviedo, FL. It was founded in 1946 and has approximately $0.31 billion in assets. Customers can open an account at one of its 6 branches.

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

Bank Loan Profile?

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

Compared to other banks in Florida, Citizens Bank of Florida has a significantly higher percent of Commercial Real Estate 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 15.67
Multifamily
Mortgages
1.63
Credit Card Loans 0.07
Consumer Auto Loans 0.77
Small Business Loans 21.47
Construction and Development Loans 10.63
Commercial Real Estate 61.45
Commercial and Industrial Loans 9.04
Farm Loans 0.00

Deposit Rates - April 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.45% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.75% $500 - Learn MoreShow Less
6 Mo CD
1.10% $500 - Learn MoreShow Less
12 Mo CD
1.41% $500 - Learn MoreShow Less
24 Mo CD
1.56% $500 - Learn MoreShow Less
36 Mo CD
1.76% $500 - Learn MoreShow Less
60 Mo CD
2.17% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.41% $250 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,000 - Learn MoreShow Less

Loan Rates - April 19, 2019

Your Current Location: Washington, WA 98109

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

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Loan Plus
Figure Home Equity Loan Plus
8.000 %
N/A Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to Citizens Bank of Florida
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Branches

Citizens Bank of Florida 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 of Florida Locations


Financial Details

Citizens Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Florida. 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 Florida U.S. Bank Average
3.64% 6.97%

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 December 31, 2018, Citizens Bank of Florida had $441,000 in non-current loans and $631,000 in owned real estate. To cover these potential losses it had $26,564,000 in equity and $2,892,000 in loans loss reserves. That gives it a Texas Ratio of 3.64%.

Return on Equity
Citizens Bank of Florida U.S. Bank Average
8.05% 8.80%

Citizens Bank of Florida has a Return on Equity of 8.05% versus the BestCashCow average of 8.80%. 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 Florida U.S. Bank Average
8.66% 12.29%

Citizens Bank of Florida has a Capitalization of 8.66% versus the BestCashCow average of 12.29. 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 Florida Balance Sheet Analysis

As of December 31, 2018, Citizens Bank of Florida had assets of $306,578,000, loans of $215,243,000, and deposits of $274,441,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.22 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 $0.28 billion
LIABILITIES
Total deposits $0.27 billion
      Interest-bearing deposits $0.20 billion
      Deposits held in domestic offices $0.27 billion
      % insured (estimated) 67.39%
Federal funds purchased and repurchase agreements $0.00 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 $0.28 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

December 31, 2018
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

Frequently Asked Questions About Citizens Bank Of Florida

Branches and Savings

Is Citizens Bank Of Florida FDIC insured?

Yes. It is covered under FDIC Certificate #16442.

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

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

Is Citizens Bank Of Florida a commercial bank?

Yes

Where are Citizens Bank Of Florida locations?

See branch locations nearby.

Is Citizens Bank Of Florida open on Saturdays?

Is Citizens Bank Of Florida open on Sundays?

What time does Citizens Bank Of Florida open?

What time does Citizens Bank Of Florida close?

Are Citizens Bank Of Florida ATMs Open 24/7?

Do Citizens Bank Of Florida ATMs accept cash deposits?

Can Citizens Bank Of Florida customers use other ATMs?

Do Citizens Bank Of Florida branches have notaries?

Will Citizens Bank Of Florida notarize my document?

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

Will the Citizens Bank Of Florida branch print checks?

Do Citizens Bank Of Florida checks expire?

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

Can Citizens Bank Of Florida close my account?

Does Citizens Bank Of Florida Report to credit bureaus?

Does Citizens Bank Of Florida Use Equifax?

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

What is Citizens Bank Of Florida's SWIFT code?

Products

Does Citizens Bank Of Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Bank Of Florida offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Florida offer student loans?

Will Citizens Bank Of Florida cash a check?

Will Citizens Bank Of Florida redeem a savings bond?

Does Citizens Bank Of Florida cash savings bonds?

Will Citizens Bank Of Florida cash money orders?

Can Citizens Bank Of Florida issue a money order?

Does Citizens Bank Of Florida do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Florida?

How long has Citizens Bank Of Florida been around?

Can Citizens Bank Of Florida transfer to other banks?

Does Citizens Bank Of Florida have quick pay?

Does Citizens Bank Of Florida accept rolled coins?

Will Citizens Bank Of Florida accept loose change?

Where is Citizens Bank Of Florida headquarters?

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