Citizens Bank of Spencer, Tenn.

Headquarters

489 Spring Street
Spencer, TN 38585
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 Spencer, Tenn. is an FDIC insured institution located in Spencer, TN. It was founded in 1914 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 6092
Date Established 1914
Assets $ 44.34 million
Loans $ 25.09 million
Deposits $ 42.11 million
Capital $ 1.95 million
 

For a more detailed analysis of Citizens Bank of Spencer, Tenn.'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


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank of Spencer, Tenn.

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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Payment
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NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $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

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Third Federal Savings and Loans
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2.990 %
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Note to Citizens Bank of Spencer, Tenn.
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Branches

Citizens Bank of Spencer, Tenn. 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 Spencer, Tenn. Locations


Financial Details

Citizens Bank of Spencer, Tenn. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank of Spencer, Tenn.. 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 Spencer, Tenn. U.S. Bank Average
155.97% 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 Spencer, Tenn. had $4,087,000 in non-current loans and $756,000 in owned real estate. To cover these potential losses it had $1,945,000 in equity and $1,160,000 in loans loss reserves. That gives it a Texas Ratio of 155.97%.

Return on Equity
Citizens Bank of Spencer, Tenn. U.S. Bank Average
4.96% 7.80%

Citizens Bank of Spencer, Tenn. has a Return on Equity of 4.96% 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 Spencer, Tenn. U.S. Bank Average
4.39% 12.68%

Citizens Bank of Spencer, Tenn. has a Capitalization of 4.39% 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 Spencer, Tenn. Balance Sheet Analysis

As of June 30, 2011, Citizens Bank of Spencer, Tenn. had assets of $44,336,000, loans of $25,087,000, and deposits of $42,113,000. 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 $ 25.09 million
Loan loss allowance $ 1.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.76 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 42.11 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 $ 44.34 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 Spencer, Tenn.’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Citizens Bank of Spencer, Tenn.’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 Spencer, Tenn.

Branches and Savings

Is Citizens Bank Of Spencer, Tenn. FDIC insured?

Yes. It is covered under FDIC Certificate #6092.

Why does Citizens Bank Of Spencer, Tenn. 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 Spencer, Tenn. CD rates not competitive?

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

Is Citizens Bank Of Spencer, Tenn. a commercial bank?

Yes

Where are Citizens Bank Of Spencer, Tenn. locations?

See branch locations nearby.

Is Citizens Bank Of Spencer, Tenn. open on Saturdays?

Is Citizens Bank Of Spencer, Tenn. open on Sundays?

What time does Citizens Bank Of Spencer, Tenn. open?

What time does Citizens Bank Of Spencer, Tenn. close?

Are Citizens Bank Of Spencer, Tenn. ATMs Open 24/7?

Do Citizens Bank Of Spencer, Tenn. ATMs accept cash deposits?

Can Citizens Bank Of Spencer, Tenn. customers use other ATMs?

Do Citizens Bank Of Spencer, Tenn. branches have notaries?

Will Citizens Bank Of Spencer, Tenn. notarize my document?

What address for Citizens Bank Of Spencer, Tenn. should I put for incoming ACH transfers?

Will the Citizens Bank Of Spencer, Tenn. branch print checks?

Do Citizens Bank Of Spencer, Tenn. checks expire?

Does Citizens Bank Of Spencer, Tenn. require US citizenship to open account?

Can Citizens Bank Of Spencer, Tenn. close my account?

Does Citizens Bank Of Spencer, Tenn. Report to credit bureaus?

Does Citizens Bank Of Spencer, Tenn. Use Equifax?

What is Citizens Bank Of Spencer, Tenn.'s ACH Routing Number?

What is Citizens Bank Of Spencer, Tenn.'s SWIFT code?

Products

Does Citizens Bank Of Spencer, Tenn. offer mortgages?

Compare mortgage rates here.

Does Citizens Bank Of Spencer, Tenn. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Bank Of Spencer, Tenn. offer personal loans?

Compare personal loan rates here.

Does Citizens Bank Of Spencer, Tenn. offer student loans?

Will Citizens Bank Of Spencer, Tenn. cash a check?

Will Citizens Bank Of Spencer, Tenn. redeem a savings bond?

Does Citizens Bank Of Spencer, Tenn. cash savings bonds?

Will Citizens Bank Of Spencer, Tenn. cash money orders?

Can Citizens Bank Of Spencer, Tenn. issue a money order?

Does Citizens Bank Of Spencer, Tenn. do currency exchange?

Background on The Bank

Who owns Citizens Bank Of Spencer, Tenn.?

How long has Citizens Bank Of Spencer, Tenn. been around?

Can Citizens Bank Of Spencer, Tenn. transfer to other banks?

Does Citizens Bank Of Spencer, Tenn. have quick pay?

Does Citizens Bank Of Spencer, Tenn. accept rolled coins?

Will Citizens Bank Of Spencer, Tenn. accept loose change?

Where is Citizens Bank Of Spencer, Tenn. headquarters?

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