Citizens National Bank of Albion

Headquarters

10 West Elm Street
Albion, IL 62806
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.55% 0.95% →
2-Year CD 0.60% 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 National Bank of Albion is an FDIC insured institution located in Albion, IL. It was founded in 1940 and has approximately $0.32 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 15760
Date Established 1940
Assets $ 316.11 million
Loans $ 209.79 million
Deposits $ 250.85 million
Capital $ 55.37 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.55% $10,000 $14,999 Learn More
12 Mo CD
0.55% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.55% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.75% $10,000 $14,999 Learn More
30 Mo CD
0.75% $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
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $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

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens National Bank of Albion

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

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

Branches

Citizens National Bank of Albion 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 National Bank of Albion Locations


Financial Details

Citizens National Bank of Albion Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens National Bank of Albion. 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 National Bank of Albion U.S. Bank Average
10.99% 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 National Bank of Albion had $6,334,000 in non-current loans and $82,000 in owned real estate. To cover these potential losses it had $55,371,000 in equity and $3,008,000 in loans loss reserves. That gives it a Texas Ratio of 10.99%.

Return on Equity
Citizens National Bank of Albion U.S. Bank Average
5.78% 7.80%

Citizens National Bank of Albion has a Return on Equity of 5.78% 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 National Bank of Albion U.S. Bank Average
17.52% 12.68%

Citizens National Bank of Albion has a Capitalization of 17.52% 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 National Bank of Albion Balance Sheet Analysis

As of March 31, 2020, Citizens National Bank of Albion had assets of $316,109,000, loans of $209,791,000, and deposits of $250,847,000. 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 $ 27.80 million
Interest-bearing balances $ 20.63 million
Total securities $ 72.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 209.79 million
Loan loss allowance $ 3.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles $ 0.73 million
All other assets $ 4.50 million
     Total Assets $ 260.74 million
LIABILITIES
Total deposits $ 250.85 million
      Interest-bearing deposits $ 209.41 million
      Deposits held in domestic offices $ 250.85 million
      % insured (estimated) 89.96%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 9.00 million
Subordinated debt N.A.
All other liabilities $ 0.89 million
      Total Liabilities $ 260.74 million
      Shareholders’ Equity $ 55.37 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.03 million
Total Interest Expense $ 0.65 million
Net interest income $ 2.37 million
Provision for loan and lease losses $ 0.11 million
Total non interest income $ 0.27 million
Total non interest expense $ 1.55 million
Pre-tax Net Operating Income $ 0.98 million

Bank Loan Profile?

The top three loan types in Citizens National Bank of Albion’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Farm Loans.

Compared to other banks, Citizens National Bank of Albion’s loan portfolio does not show any specific loan specialty.

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 22.27
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.32
Small Business Loans 0.00
Construction and Development Loans 1.04
Commercial Real Estate 20.89
Commercial and Industrial Loans 11.14
Farm Loans 14.90

Frequently Asked Questions About Citizens National Bank Of Albion

Branches and Savings

Is Citizens National Bank Of Albion FDIC insured?

Yes. It is covered under FDIC Certificate #15760.

Why does Citizens National Bank Of Albion pay such low interest on savings accounts?

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

Why are Citizens National Bank Of Albion CD rates not competitive?

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

Is Citizens National Bank Of Albion a commercial bank?

Yes

Where are Citizens National Bank Of Albion locations?

See branch locations nearby.

Is Citizens National Bank Of Albion open on Saturdays?

Is Citizens National Bank Of Albion open on Sundays?

What time does Citizens National Bank Of Albion open?

What time does Citizens National Bank Of Albion close?

Are Citizens National Bank Of Albion ATMs Open 24/7?

Do Citizens National Bank Of Albion ATMs accept cash deposits?

Can Citizens National Bank Of Albion customers use other ATMs?

Do Citizens National Bank Of Albion branches have notaries?

Will Citizens National Bank Of Albion notarize my document?

What address for Citizens National Bank Of Albion should I put for incoming ACH transfers?

Will the Citizens National Bank Of Albion branch print checks?

Do Citizens National Bank Of Albion checks expire?

Does Citizens National Bank Of Albion require US citizenship to open account?

Can Citizens National Bank Of Albion close my account?

Does Citizens National Bank Of Albion Report to credit bureaus?

Does Citizens National Bank Of Albion Use Equifax?

What is Citizens National Bank Of Albion's ACH Routing Number?

What is Citizens National Bank Of Albion's SWIFT code?

Products

Does Citizens National Bank Of Albion offer mortgages?

Compare mortgage rates here.

Does Citizens National Bank Of Albion offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens National Bank Of Albion offer personal loans?

Compare personal loan rates here.

Does Citizens National Bank Of Albion offer student loans?

Will Citizens National Bank Of Albion cash a check?

Will Citizens National Bank Of Albion redeem a savings bond?

Does Citizens National Bank Of Albion cash savings bonds?

Will Citizens National Bank Of Albion cash money orders?

Can Citizens National Bank Of Albion issue a money order?

Does Citizens National Bank Of Albion do currency exchange?

Background on The Bank

Who owns Citizens National Bank Of Albion?

How long has Citizens National Bank Of Albion been around?

Can Citizens National Bank Of Albion transfer to other banks?

Does Citizens National Bank Of Albion have quick pay?

Does Citizens National Bank Of Albion accept rolled coins?

Will Citizens National Bank Of Albion accept loose change?

Where is Citizens National Bank Of Albion headquarters?

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