Citizens Financial Bank


707 Ridge Road
Munster, IN 46321
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 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 Financial Bank is an FDIC insured institution located in Munster, IN. It was founded in 1934 and has approximately $1.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 29367
Date Established 1934
Assets $ 1,117.91 million
Loans $ 636.16 million
Deposits $ 953.03 million
Capital $ 111.67 million

For a more detailed analysis of Citizens Financial 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: Connecticut, CT 06828


Loan Rates - June 24, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens Financial Bank

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 2021

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3.494% 3.375%
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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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BMO Harris Bank
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Note to Citizens Financial Bank
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Financial Details

Citizens Financial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Financial Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Citizens Financial Bank U.S. Bank Average
40.6% 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 Financial Bank had $28,991,000 in non-current loans and $21,373,000 in owned real estate. To cover these potential losses it had $111,667,000 in equity and $12,382,000 in loans loss reserves. That gives it a Texas Ratio of 40.6%.

Return on Equity
Citizens Financial Bank U.S. Bank Average
4.27% 9.24%

Citizens Financial Bank has a Return on Equity of 4.27% 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.

Citizens Financial Bank U.S. Bank Average
9.99% 11.96%

Citizens Financial Bank has a Capitalization of 9.99% 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 Financial Bank Balance Sheet Analysis

As of September 30, 2013, Citizens Financial Bank had assets of $1,117,907,000, loans of $636,161,000, and deposits of $953,026,000. 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
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 $ 636.16 million
Loan loss allowance $ 12.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 21.37 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 953.03 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 $ 1,117.91 million

Summary Income Statement

December 31, 2020
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 Financial Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Indiana, Citizens Financial Bank has a significantly higher percent of Multifamily Mortgages, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 35.05
Credit Card Loans 0.00
Consumer Auto Loans 0.19
Small Business Loans 10.44
Construction and Development Loans 2.58
Commercial Real Estate 38.59
Commercial and Industrial Loans 13.42
Farm Loans 0.00

Frequently Asked Questions About Citizens Financial Bank

Branches and Savings

Is Citizens Financial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29367.

Why does Citizens Financial 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 Financial Bank CD rates not competitive?

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

Is Citizens Financial Bank a commercial bank?


Where are Citizens Financial Bank locations?

See branch locations nearby.

Is Citizens Financial Bank open on Saturdays?

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Are Citizens Financial Bank ATMs Open 24/7?

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Will Citizens Financial Bank notarize my document?

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Will the Citizens Financial Bank branch print checks?

Do Citizens Financial Bank checks expire?

Does Citizens Financial Bank require US citizenship to open account?

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Does Citizens Financial Bank Report to credit bureaus?

Does Citizens Financial Bank Use Equifax?

What is Citizens Financial Bank's ACH Routing Number?

What is Citizens Financial Bank's SWIFT code?


Does Citizens Financial Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Financial Bank offer personal loans?

Compare personal loan rates here.

Does Citizens Financial Bank offer student loans?

Will Citizens Financial Bank cash a check?

Will Citizens Financial Bank redeem a savings bond?

Does Citizens Financial Bank cash savings bonds?

Will Citizens Financial Bank cash money orders?

Can Citizens Financial Bank issue a money order?

Does Citizens Financial Bank do currency exchange?

Background on The Bank

Who owns Citizens Financial Bank?

How long has Citizens Financial Bank been around?

Can Citizens Financial Bank transfer to other banks?

Does Citizens Financial Bank have quick pay?

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