Citizens Building and Loan, SSB

Headquarters

229 Trade Street
Greer, SC 29651
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 1.05% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.80% 1.05% →
5-Year CD 1.00% 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 Building and Loan, SSB is an FDIC insured institution located in Greer, SC. It was founded in 1907 and has approximately $0.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 31900
Date Established 1907
Assets $ 148.74 million
Loans $ 96.69 million
Deposits $ 105.47 million
Capital $ 29.66 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $2,500 $4,999 Learn More
Money Market
0.12% $2,500 $2,999 Learn More
Money Market
0.12% $10,000 $14,999 Learn More
Money Market
0.12% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
Special: 9 Mo CD
0.85% $1,000 - Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.85% $10,000 $14,999 Learn More
30 Mo CD
0.85% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Citizens Building and Loan, SSB

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to Citizens Building and Loan, SSB
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Branches

Citizens Building and Loan, SSB 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 Building and Loan, SSB Locations


Financial Details

Citizens Building and Loan, SSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Building and Loan, SSB. 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 Building and Loan, SSB U.S. Bank Average
0.08% 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 Building and Loan, SSB had $24,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,658,000 in equity and $874,000 in loans loss reserves. That gives it a Texas Ratio of 0.08%.

Return on Equity
Citizens Building and Loan, SSB U.S. Bank Average
1.96% 7.80%

Citizens Building and Loan, SSB has a Return on Equity of 1.96% 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 Building and Loan, SSB U.S. Bank Average
19.94% 12.68%

Citizens Building and Loan, SSB has a Capitalization of 19.94% 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 Building and Loan, SSB Balance Sheet Analysis

As of March 31, 2020, Citizens Building and Loan, SSB had assets of $148,740,000, loans of $96,693,000, and deposits of $105,470,000. 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 $ 21.11 million
Interest-bearing balances $ 20.09 million
Total securities $ 19.84 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 96.69 million
Loan loss allowance $ 0.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 9.55 million
     Total Assets $ 119.08 million
LIABILITIES
Total deposits $ 105.47 million
      Interest-bearing deposits $ 105.26 million
      Deposits held in domestic offices $ 105.47 million
      % insured (estimated) 91.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 8.04 million
Subordinated debt N.A.
All other liabilities $ 5.57 million
      Total Liabilities $ 119.08 million
      Shareholders’ Equity $ 29.66 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.48 million
Total Interest Expense $ 0.50 million
Net interest income $ 0.97 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.04 million
Total non interest expense $ 0.82 million
Pre-tax Net Operating Income $ 0.19 million

Bank Loan Profile?

The top three loan types in Citizens Building and Loan, SSB’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in South Carolina, Citizens Building and Loan, SSB has a significantly higher percent of 1-4 Family Residential Loans 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 82.20
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 11.38
Commercial Real Estate 7.11
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Citizens Building And Loan, Ssb

Branches and Savings

Is Citizens Building And Loan, Ssb FDIC insured?

Yes. It is covered under FDIC Certificate #31900.

Why does Citizens Building And Loan, Ssb pay such low interest on savings accounts?

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

Why are Citizens Building And Loan, Ssb CD rates not competitive?

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

Is Citizens Building And Loan, Ssb a commercial bank?

Yes

Where are Citizens Building And Loan, Ssb locations?

See branch locations nearby.

Is Citizens Building And Loan, Ssb open on Saturdays?

Is Citizens Building And Loan, Ssb open on Sundays?

What time does Citizens Building And Loan, Ssb open?

What time does Citizens Building And Loan, Ssb close?

Are Citizens Building And Loan, Ssb ATMs Open 24/7?

Do Citizens Building And Loan, Ssb ATMs accept cash deposits?

Can Citizens Building And Loan, Ssb customers use other ATMs?

Do Citizens Building And Loan, Ssb branches have notaries?

Will Citizens Building And Loan, Ssb notarize my document?

What address for Citizens Building And Loan, Ssb should I put for incoming ACH transfers?

Will the Citizens Building And Loan, Ssb branch print checks?

Do Citizens Building And Loan, Ssb checks expire?

Does Citizens Building And Loan, Ssb require US citizenship to open account?

Can Citizens Building And Loan, Ssb close my account?

Does Citizens Building And Loan, Ssb Report to credit bureaus?

Does Citizens Building And Loan, Ssb Use Equifax?

What is Citizens Building And Loan, Ssb's ACH Routing Number?

What is Citizens Building And Loan, Ssb's SWIFT code?

Products

Does Citizens Building And Loan, Ssb offer mortgages?

Compare mortgage rates here.

Does Citizens Building And Loan, Ssb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens Building And Loan, Ssb offer personal loans?

Compare personal loan rates here.

Does Citizens Building And Loan, Ssb offer student loans?

Will Citizens Building And Loan, Ssb cash a check?

Will Citizens Building And Loan, Ssb redeem a savings bond?

Does Citizens Building And Loan, Ssb cash savings bonds?

Will Citizens Building And Loan, Ssb cash money orders?

Can Citizens Building And Loan, Ssb issue a money order?

Does Citizens Building And Loan, Ssb do currency exchange?

Background on The Bank

Who owns Citizens Building And Loan, Ssb?

How long has Citizens Building And Loan, Ssb been around?

Can Citizens Building And Loan, Ssb transfer to other banks?

Does Citizens Building And Loan, Ssb have quick pay?

Does Citizens Building And Loan, Ssb accept rolled coins?

Will Citizens Building And Loan, Ssb accept loose change?

Where is Citizens Building And Loan, Ssb headquarters?

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