Citizens Deposit Bank & Trust

Headquarters

Second & Main Street
Vanceburg, KY 41179
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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 Deposit Bank & Trust is an FDIC insured institution located in Vanceburg, KY. It was founded in 1930 and has approximately $0.56 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 12165
Date Established 1930
Assets $ 555.92 million
Loans $ 307.41 million
Deposits $ 481.15 million
Capital $ 55.30 million
 

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

Deposit Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

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

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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First Internet Bank
NMLS ID: 424182
2.546% 2.500% 0.63 $1,502 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.683% 2.625% 0.63 $1,908 $1,005 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.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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Note to Citizens Deposit Bank & Trust
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Branches

Citizens Deposit Bank & Trust 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 Deposit Bank & Trust Locations


Financial Details

Citizens Deposit Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Deposit Bank & Trust. 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 Deposit Bank & Trust U.S. Bank Average
9.97% 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 Deposit Bank & Trust had $1,993,000 in non-current loans and $3,752,000 in owned real estate. To cover these potential losses it had $55,301,000 in equity and $2,346,000 in loans loss reserves. That gives it a Texas Ratio of 9.97%.

Return on Equity
Citizens Deposit Bank & Trust U.S. Bank Average
11.87% 7.80%

Citizens Deposit Bank & Trust has a Return on Equity of 11.87% 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 Deposit Bank & Trust U.S. Bank Average
9.95% 12.68%

Citizens Deposit Bank & Trust has a Capitalization of 9.95% 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 Deposit Bank & Trust Balance Sheet Analysis

As of March 31, 2020, Citizens Deposit Bank & Trust had assets of $555,919,000, loans of $307,405,000, and deposits of $481,153,000. 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 $ 8.13 million
Interest-bearing balances $ 1.26 million
Total securities $ 210.92 million
Federal funds sold and reverse repurchase $ 5.99 million
Net loans and leases $ 307.41 million
Loan loss allowance $ 2.35 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.75 million
Goodwill and other intangibles $ 5.52 million
All other assets $ 5.30 million
     Total Assets $ 500.62 million
LIABILITIES
Total deposits $ 481.15 million
      Interest-bearing deposits $ 379.91 million
      Deposits held in domestic offices $ 481.15 million
      % insured (estimated) 80.08%
Federal funds purchased and repurchase agreements $ 11.78 million
Trading liabilities N.A.
Other borrowed funds $ 5.17 million
Subordinated debt N.A.
All other liabilities $ 2.52 million
      Total Liabilities $ 500.62 million
      Shareholders’ Equity $ 55.30 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.24 million
Total Interest Expense $ 0.82 million
Net interest income $ 4.42 million
Provision for loan and lease losses $ 0.06 million
Total non interest income $ 0.85 million
Total non interest expense $ 3.21 million
Pre-tax Net Operating Income $ 2.00 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, Citizens Deposit Bank & Trust has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 36.48
Multifamily
Mortgages
5.38
Credit Card Loans 0.11
Consumer Auto Loans 1.56
Small Business Loans 10.72
Construction and Development Loans 7.85
Commercial Real Estate 37.03
Commercial and Industrial Loans 4.32
Farm Loans 0.56

Frequently Asked Questions About Citizens Deposit Bank & Trust

Branches and Savings

Is Citizens Deposit Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #12165.

Why does Citizens Deposit Bank & Trust pay such low interest on savings accounts?

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

Why are Citizens Deposit Bank & Trust CD rates not competitive?

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

Is Citizens Deposit Bank & Trust a commercial bank?

Yes

Where are Citizens Deposit Bank & Trust locations?

See branch locations nearby.

Is Citizens Deposit Bank & Trust open on Saturdays?

Is Citizens Deposit Bank & Trust open on Sundays?

What time does Citizens Deposit Bank & Trust open?

What time does Citizens Deposit Bank & Trust close?

Are Citizens Deposit Bank & Trust ATMs Open 24/7?

Do Citizens Deposit Bank & Trust ATMs accept cash deposits?

Can Citizens Deposit Bank & Trust customers use other ATMs?

Do Citizens Deposit Bank & Trust branches have notaries?

Will Citizens Deposit Bank & Trust notarize my document?

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

Will the Citizens Deposit Bank & Trust branch print checks?

Do Citizens Deposit Bank & Trust checks expire?

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

Can Citizens Deposit Bank & Trust close my account?

Does Citizens Deposit Bank & Trust Report to credit bureaus?

Does Citizens Deposit Bank & Trust Use Equifax?

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

What is Citizens Deposit Bank & Trust's SWIFT code?

Products

Does Citizens Deposit Bank & Trust offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Deposit Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Citizens Deposit Bank & Trust offer student loans?

Will Citizens Deposit Bank & Trust cash a check?

Will Citizens Deposit Bank & Trust redeem a savings bond?

Does Citizens Deposit Bank & Trust cash savings bonds?

Will Citizens Deposit Bank & Trust cash money orders?

Can Citizens Deposit Bank & Trust issue a money order?

Does Citizens Deposit Bank & Trust do currency exchange?

Background on The Bank

Who owns Citizens Deposit Bank & Trust?

How long has Citizens Deposit Bank & Trust been around?

Can Citizens Deposit Bank & Trust transfer to other banks?

Does Citizens Deposit Bank & Trust have quick pay?

Does Citizens Deposit Bank & Trust accept rolled coins?

Will Citizens Deposit Bank & Trust accept loose change?

Where is Citizens Deposit Bank & Trust headquarters?

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