Citizens Bank of Morgantown, Inc.

Headquarters

265 High Street
Morgantown, WV 26505
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.40% 0.95% →
2-Year CD 0.45% 1.05% →
5-Year CD 0.60% 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 Morgantown, Inc. is an FDIC insured institution located in Morgantown, WV. It was founded in 1979 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22954
Date Established 1979
Assets $ 38.43 million
Loans $ 24.04 million
Deposits $ 28.69 million
Capital $ 7.16 million
 

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

Deposit Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $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
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.45% $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
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.35% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.55% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.60% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 28, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank of Morgantown, 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 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 Morgantown, Inc.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Citizens Bank of Morgantown, 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 Morgantown, Inc. Locations


Financial Details

Citizens Bank of Morgantown, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Morgantown, 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 Morgantown, Inc. U.S. Bank Average
4.76% 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 Morgantown, Inc. had $338,000 in non-current loans and $25,000 in owned real estate. To cover these potential losses it had $7,162,000 in equity and $471,000 in loans loss reserves. That gives it a Texas Ratio of 4.76%.

Return on Equity
Citizens Bank of Morgantown, Inc. U.S. Bank Average
3.15% 7.80%

Citizens Bank of Morgantown, Inc. has a Return on Equity of 3.15% 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 Morgantown, Inc. U.S. Bank Average
18.64% 12.68%

Citizens Bank of Morgantown, Inc. has a Capitalization of 18.64% 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 Morgantown, Inc. Balance Sheet Analysis

As of March 31, 2020, Citizens Bank of Morgantown, Inc. had assets of $38,428,000, loans of $24,044,000, and deposits of $28,692,000. 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 $ 0.90 million
Interest-bearing balances $ 0.25 million
Total securities $ 11.28 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 24.04 million
Loan loss allowance $ 0.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 1.26 million
     Total Assets $ 31.27 million
LIABILITIES
Total deposits $ 28.69 million
      Interest-bearing deposits $ 24.15 million
      Deposits held in domestic offices $ 28.69 million
      % insured (estimated) 84.25%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.52 million
Subordinated debt N.A.
All other liabilities $ 1.05 million
      Total Liabilities $ 31.27 million
      Shareholders’ Equity $ 7.16 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.44 million
Total Interest Expense $ 0.05 million
Net interest income $ 0.39 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.03 million
Total non interest expense $ 0.35 million
Pre-tax Net Operating Income $ 0.07 million

Bank Loan Profile?

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

Compared to other banks in West Virginia, Citizens Bank of Morgantown, Inc. has a significantly higher percent of 1-4 Family Residential Loans, Multifamily Mortgages 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 78.80
Multifamily
Mortgages
6.52
Credit Card Loans 0.00
Consumer Auto Loans 1.43
Small Business Loans 0.00
Construction and Development Loans 4.59
Commercial Real Estate 7.08
Commercial and Industrial Loans 2.24
Farm Loans 0.00

Frequently Asked Questions About Citizens Bank Of Morgantown, Inc.

Branches and Savings

Is Citizens Bank Of Morgantown, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #22954.

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

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

Is Citizens Bank Of Morgantown, Inc. a commercial bank?

Yes

Where are Citizens Bank Of Morgantown, Inc. locations?

See branch locations nearby.

Is Citizens Bank Of Morgantown, Inc. open on Saturdays?

Is Citizens Bank Of Morgantown, Inc. open on Sundays?

What time does Citizens Bank Of Morgantown, Inc. open?

What time does Citizens Bank Of Morgantown, Inc. close?

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

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

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

Do Citizens Bank Of Morgantown, Inc. branches have notaries?

Will Citizens Bank Of Morgantown, Inc. notarize my document?

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

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

Do Citizens Bank Of Morgantown, Inc. checks expire?

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

Can Citizens Bank Of Morgantown, Inc. close my account?

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

Does Citizens Bank Of Morgantown, Inc. Use Equifax?

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

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

Products

Does Citizens Bank Of Morgantown, Inc. offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Bank Of Morgantown, Inc. offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Morgantown, Inc. offer student loans?

Will Citizens Bank Of Morgantown, Inc. cash a check?

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

Does Citizens Bank Of Morgantown, Inc. cash savings bonds?

Will Citizens Bank Of Morgantown, Inc. cash money orders?

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

Does Citizens Bank Of Morgantown, Inc. do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Morgantown, Inc.?

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

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

Does Citizens Bank Of Morgantown, Inc. have quick pay?

Does Citizens Bank Of Morgantown, Inc. accept rolled coins?

Will Citizens Bank Of Morgantown, Inc. accept loose change?

Where is Citizens Bank Of Morgantown, Inc. headquarters?

Customer Reviews for Citizens Bank of Morgantown, Inc.

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

Add Your Review

Rate it here →