Citizens Bank & Trust Co.

Headquarters

102 Main Street South
Hutchinson, MN 55350
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.91% →
1-Year CD 0.95% 0.85% →
2-Year CD 1.10% 0.95% →
5-Year CD 1.36% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Citizens Bank & Trust Co. is an FDIC insured institution located in Hutchinson, MN. It was founded in 1886 and has approximately $0.22 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10218
Date Established 1886
Assets $ 223.15 million
Loans $ 147.48 million
Deposits $ 203.85 million
Capital $ 19.08 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.95% $10,000 $14,999 Learn More
12 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
1.10% $10,000 $14,999 Learn More
24 Mo CD
1.10% $100,000 $199,999 Learn More
36 Mo CD
1.26% $10,000 $14,999 Learn More
36 Mo CD
1.26% $100,000 $199,999 Learn More
48 Mo CD
1.31% $10,000 $14,999 Learn More
48 Mo CD
1.31% $100,000 $199,999 Learn More
60 Mo CD
1.36% $10,000 $14,999 Learn More
60 Mo CD
1.36% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Bank & Trust Co.

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
First Internet Bank
NMLS ID: 424182
2.548% 2.500% 0.63 $1,572 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Citizens Bank & Trust Co.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Citizens Bank & Trust Co. 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 & Trust Co. Locations


Financial Details

Citizens Bank & Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Bank & Trust Co.. 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 & Trust Co. U.S. Bank Average
9.71% 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 & Trust Co. had $1,305,000 in non-current loans and $800,000 in owned real estate. To cover these potential losses it had $19,084,000 in equity and $2,593,000 in loans loss reserves. That gives it a Texas Ratio of 9.71%.

Return on Equity
Citizens Bank & Trust Co. U.S. Bank Average
25.76% 7.80%

Citizens Bank & Trust Co. has a Return on Equity of 25.76% 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 & Trust Co. U.S. Bank Average
8.55% 12.68%

Citizens Bank & Trust Co. has a Capitalization of 8.55% 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 & Trust Co. Balance Sheet Analysis

As of March 31, 2020, Citizens Bank & Trust Co. had assets of $223,151,000, loans of $147,480,000, and deposits of $203,847,000. 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 $ 4.02 million
Interest-bearing balances $ 0.35 million
Total securities $ 62.12 million
Federal funds sold and reverse repurchase $ 3.97 million
Net loans and leases $ 147.48 million
Loan loss allowance $ 2.59 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.80 million
Goodwill and other intangibles N.A.
All other assets $ 1.35 million
     Total Assets $ 204.07 million
LIABILITIES
Total deposits $ 203.85 million
      Interest-bearing deposits $ 163.06 million
      Deposits held in domestic offices $ 203.85 million
      % insured (estimated) 73.40%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.22 million
      Total Liabilities $ 204.07 million
      Shareholders’ Equity $ 19.08 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.26 million
Total Interest Expense $ 0.23 million
Net interest income $ 2.04 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.12 million
Total non interest expense $ 1.16 million
Pre-tax Net Operating Income $ 0.94 million

Bank Loan Profile?

The top three loan types in Citizens Bank & Trust Co.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, Citizens Bank & Trust Co.’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 36.24
Multifamily
Mortgages
0.17
Credit Card Loans 0.00
Consumer Auto Loans 0.63
Small Business Loans 0.00
Construction and Development Loans 0.01
Commercial Real Estate 24.84
Commercial and Industrial Loans 19.94
Farm Loans 9.48

Frequently Asked Questions About Citizens Bank & Trust Co.

Branches and Savings

Is Citizens Bank & Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #10218.

Why does Citizens Bank & Trust Co. 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 & Trust Co. CD rates not competitive?

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

Is Citizens Bank & Trust Co. a commercial bank?

Yes

Where are Citizens Bank & Trust Co. locations?

See branch locations nearby.

Is Citizens Bank & Trust Co. open on Saturdays?

Is Citizens Bank & Trust Co. open on Sundays?

What time does Citizens Bank & Trust Co. open?

What time does Citizens Bank & Trust Co. close?

Are Citizens Bank & Trust Co. ATMs Open 24/7?

Do Citizens Bank & Trust Co. ATMs accept cash deposits?

Can Citizens Bank & Trust Co. customers use other ATMs?

Do Citizens Bank & Trust Co. branches have notaries?

Will Citizens Bank & Trust Co. notarize my document?

What address for Citizens Bank & Trust Co. should I put for incoming ACH transfers?

Will the Citizens Bank & Trust Co. branch print checks?

Do Citizens Bank & Trust Co. checks expire?

Does Citizens Bank & Trust Co. require US citizenship to open account?

Can Citizens Bank & Trust Co. close my account?

Does Citizens Bank & Trust Co. Report to credit bureaus?

Does Citizens Bank & Trust Co. Use Equifax?

What is Citizens Bank & Trust Co.'s ACH Routing Number?

What is Citizens Bank & Trust Co.'s SWIFT code?

Products

Does Citizens Bank & Trust Co. offer mortgages?

Compare mortgage rates here.

Does Citizens Bank & Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Bank & Trust Co. offer personal loans?

Compare personal loan rates here.

Does Citizens Bank & Trust Co. offer student loans?

Will Citizens Bank & Trust Co. cash a check?

Will Citizens Bank & Trust Co. redeem a savings bond?

Does Citizens Bank & Trust Co. cash savings bonds?

Will Citizens Bank & Trust Co. cash money orders?

Can Citizens Bank & Trust Co. issue a money order?

Does Citizens Bank & Trust Co. do currency exchange?

Background on The Bank

Who owns Citizens Bank & Trust Co.?

How long has Citizens Bank & Trust Co. been around?

Can Citizens Bank & Trust Co. transfer to other banks?

Does Citizens Bank & Trust Co. have quick pay?

Does Citizens Bank & Trust Co. accept rolled coins?

Will Citizens Bank & Trust Co. accept loose change?

Where is Citizens Bank & Trust Co. headquarters?

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