Citizens Commerce Bank

Headquarters

534 Marsailles Road
Versailles, KY 40383
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.35% 0.70% →
2-Year CD 0.50% 0.75% →
5-Year CD 0.90% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Citizens Commerce Bank is an FDIC insured institution located in Versailles, KY. It was founded in 1996 and has approximately $0.3 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 34256
Date Established 1996
Assets $ 299.12 million
Loans $ 214.51 million
Deposits $ 265.43 million
Capital $ 29.99 million
 

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

Deposit Rates - June 24, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $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
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.50% $10,000 $14,999 Learn More
24 Mo CD
0.50% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.85% $10,000 $14,999 Learn More
48 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - June 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Citizens Commerce Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.692% 2.625%
0.88 points
$2,198 fees
$1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

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

Branches

Citizens Commerce Bank 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:
Ashburn,Virginia


Citizens Commerce Bank Locations


Financial Details

Citizens Commerce Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Commerce Bank. 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 Commerce Bank U.S. Bank Average
3.27% 5.49%

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 December 31, 2020, Citizens Commerce Bank had $602,000 in non-current loans and $465,000 in owned real estate. To cover these potential losses it had $29,985,000 in equity and $2,611,000 in loans loss reserves. That gives it a Texas Ratio of 3.27%.

Return on Equity
Citizens Commerce Bank U.S. Bank Average
9.05% 9.24%

Citizens Commerce Bank has a Return on Equity of 9.05% versus the BestCashCow average of 9.24%. 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 Commerce Bank U.S. Bank Average
10.02% 11.96%

Citizens Commerce Bank has a Capitalization of 10.02% versus the BestCashCow average of 11.96. 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 Commerce Bank Balance Sheet Analysis

As of December 31, 2020, Citizens Commerce Bank had assets of $299,123,000, loans of $214,505,000, and deposits of $265,425,000. 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, 2020
ASSETS
Cash & Balances due from depository institutions $ 32.09 million
Interest-bearing balances $ 29.40 million
Total securities $ 39.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 214.51 million
Loan loss allowance $ 2.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.47 million
Goodwill and other intangibles N.A.
All other assets $ 7.55 million
     Total Assets $ 269.14 million
LIABILITIES
Total deposits $ 265.43 million
      Interest-bearing deposits $ 216.76 million
      Deposits held in domestic offices $ 265.43 million
      % insured (estimated) 83.48%
Federal funds purchased and repurchase agreements $ 2.82 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.90 million
      Total Liabilities $ 269.14 million
      Shareholders’ Equity $ 29.99 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 11.41 million
Total Interest Expense $ 1.59 million
Net interest income $ 9.82 million
Provision for loan and lease losses $ 0.54 million
Total non interest income $ 1.97 million
Total non interest expense $ 8.01 million
Pre-tax Net Operating Income $ 3.25 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, Citizens Commerce Bank has a significantly higher percent of 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 43.68
Multifamily
Mortgages
7.01
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 13.42
Construction and Development Loans 3.84
Commercial Real Estate 27.35
Commercial and Industrial Loans 8.63
Farm Loans 0.03

Frequently Asked Questions About Citizens Commerce Bank

Branches and Savings

Is Citizens Commerce Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34256.

Why does Citizens Commerce Bank pay such low interest on savings accounts?

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

Why are Citizens Commerce Bank CD rates not competitive?

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

Is Citizens Commerce Bank a commercial bank?

Yes

Where are Citizens Commerce Bank locations?

See branch locations nearby.

Is Citizens Commerce Bank open on Saturdays?

Is Citizens Commerce Bank open on Sundays?

What time does Citizens Commerce Bank open?

What time does Citizens Commerce Bank close?

Are Citizens Commerce Bank ATMs Open 24/7?

Do Citizens Commerce Bank ATMs accept cash deposits?

Can Citizens Commerce Bank customers use other ATMs?

Do Citizens Commerce Bank branches have notaries?

Will Citizens Commerce Bank notarize my document?

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

Will the Citizens Commerce Bank branch print checks?

Do Citizens Commerce Bank checks expire?

Does Citizens Commerce Bank require US citizenship to open account?

Can Citizens Commerce Bank close my account?

Does Citizens Commerce Bank Report to credit bureaus?

Does Citizens Commerce Bank Use Equifax?

What is Citizens Commerce Bank's ACH Routing Number?

What is Citizens Commerce Bank's SWIFT code?

Products

Does Citizens Commerce Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Commerce Bank offer personal loans?

Compare personal loan rates here.

Does Citizens Commerce Bank offer student loans?

Will Citizens Commerce Bank cash a check?

Will Citizens Commerce Bank redeem a savings bond?

Does Citizens Commerce Bank cash savings bonds?

Will Citizens Commerce Bank cash money orders?

Can Citizens Commerce Bank issue a money order?

Does Citizens Commerce Bank do currency exchange?

Background on The Bank

Who owns Citizens Commerce Bank?

How long has Citizens Commerce Bank been around?

Can Citizens Commerce Bank transfer to other banks?

Does Citizens Commerce Bank have quick pay?

Does Citizens Commerce Bank accept rolled coins?

Will Citizens Commerce Bank accept loose change?

Where is Citizens Commerce Bank headquarters?

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