Citizens First Bank, Inc.

Headquarters

1805 Campbell Lane
Bowling Green, KY 42104
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 First Bank, Inc. is an FDIC insured institution located in Bowling Green, KY. It was founded in 1999 and has approximately $0.46 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 35022
Date Established 1999
Assets $ 471.57 million
Loans $ 359.76 million
Deposits $ 371.50 million
Capital $ 53.82 million
 

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

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Citizens First Bank, Inc.

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 2020

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Payment
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NMLS ID: 1168
2.686% 2.625% 0.63 $2,008 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Citizens First Bank, Inc.
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Branches

Citizens First Bank, Inc. 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 First Bank, Inc. Locations


Financial Details

Citizens First Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens First Bank, Inc.. 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 First Bank, Inc. U.S. Bank Average
2.36% 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 First Bank, Inc. had $1,393,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $53,821,000 in equity and $5,302,000 in loans loss reserves. That gives it a Texas Ratio of 2.36%.

Return on Equity
Citizens First Bank, Inc. U.S. Bank Average
8.77% 7.80%

Citizens First Bank, Inc. has a Return on Equity of 8.77% 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 First Bank, Inc. U.S. Bank Average
11.41% 12.68%

Citizens First Bank, Inc. has a Capitalization of 11.41% 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 First Bank, Inc. Balance Sheet Analysis

As of June 30, 2019, Citizens First Bank, Inc. had assets of $455,318,000, loans of $359,762,000, and deposits of $371,502,000. 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 $ 23.29 million
Interest-bearing balances $ 16.02 million
Total securities $ 44.12 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 359.76 million
Loan loss allowance $ 5.30 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.12 million
All other assets $ 13.62 million
     Total Assets $ 401.50 million
LIABILITIES
Total deposits $ 371.50 million
      Interest-bearing deposits $ 358.02 million
      Deposits held in domestic offices $ 371.50 million
      % insured (estimated) 81.82%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 28.80 million
Subordinated debt N.A.
All other liabilities $ 1.20 million
      Total Liabilities $ 401.50 million
      Shareholders’ Equity $ 70.07 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.34 million
Total Interest Expense $ 2.52 million
Net interest income $ 7.82 million
Provision for loan and lease losses $ 0.90 million
Total non interest income $ 1.63 million
Total non interest expense $ 8.46 million
Pre-tax Net Operating Income $ 0.10 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, Citizens First Bank, Inc. has a significantly higher percent of Small Business 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 23.79
Multifamily
Mortgages
6.03
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 8.47
Construction and Development Loans 10.81
Commercial Real Estate 35.01
Commercial and Industrial Loans 14.45
Farm Loans 2.79

Frequently Asked Questions About Citizens First Bank, Inc.

Branches and Savings

Is Citizens First Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #35022.

Why does Citizens First Bank, Inc. pay such low interest on savings accounts?

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

Why are Citizens First Bank, Inc. CD rates not competitive?

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

Is Citizens First Bank, Inc. a commercial bank?

Yes

Where are Citizens First Bank, Inc. locations?

See branch locations nearby.

Is Citizens First Bank, Inc. open on Saturdays?

Is Citizens First Bank, Inc. open on Sundays?

What time does Citizens First Bank, Inc. open?

What time does Citizens First Bank, Inc. close?

Are Citizens First Bank, Inc. ATMs Open 24/7?

Do Citizens First Bank, Inc. ATMs accept cash deposits?

Can Citizens First Bank, Inc. customers use other ATMs?

Do Citizens First Bank, Inc. branches have notaries?

Will Citizens First Bank, Inc. notarize my document?

What address for Citizens First Bank, Inc. should I put for incoming ACH transfers?

Will the Citizens First Bank, Inc. branch print checks?

Do Citizens First Bank, Inc. checks expire?

Does Citizens First Bank, Inc. require US citizenship to open account?

Can Citizens First Bank, Inc. close my account?

Does Citizens First Bank, Inc. Report to credit bureaus?

Does Citizens First Bank, Inc. Use Equifax?

What is Citizens First Bank, Inc.'s ACH Routing Number?

What is Citizens First Bank, Inc.'s SWIFT code?

Products

Does Citizens First Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does Citizens First Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens First Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does Citizens First Bank, Inc. offer student loans?

Will Citizens First Bank, Inc. cash a check?

Will Citizens First Bank, Inc. redeem a savings bond?

Does Citizens First Bank, Inc. cash savings bonds?

Will Citizens First Bank, Inc. cash money orders?

Can Citizens First Bank, Inc. issue a money order?

Does Citizens First Bank, Inc. do currency exchange?

Background on The Bank

Who owns Citizens First Bank, Inc.?

How long has Citizens First Bank, Inc. been around?

Can Citizens First Bank, Inc. transfer to other banks?

Does Citizens First Bank, Inc. have quick pay?

Does Citizens First Bank, Inc. accept rolled coins?

Will Citizens First Bank, Inc. accept loose change?

Where is Citizens First Bank, Inc. headquarters?

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