Citizens Progressive Bank

Headquarters

3540 Front Street
Winnsboro, LA 71295
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.60% 0.85% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.21% 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 Progressive Bank is an FDIC insured institution located in Winnsboro, LA. It was founded in 1918 and has approximately $0.17 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 10531
Date Established 1918
Assets $ 171.70 million
Loans $ 127.16 million
Deposits $ 150.47 million
Capital $ 20.31 million
 

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

Deposit Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
30 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.21% $10,000 $14,999 Learn More

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

Loan Rates - December 1, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Citizens Progressive 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.557% 2.500% 0.50 $1,890 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.560% 2.500% 0.75 $1,980 $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 Progressive Bank
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Branches

Citizens Progressive 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 Progressive Bank Locations


Financial Details

Citizens Progressive Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Progressive 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 Progressive Bank U.S. Bank Average
25.76% 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 Progressive Bank had $4,915,000 in non-current loans and $588,000 in owned real estate. To cover these potential losses it had $20,307,000 in equity and $1,052,000 in loans loss reserves. That gives it a Texas Ratio of 25.76%.

Return on Equity
Citizens Progressive Bank U.S. Bank Average
6.43% 7.80%

Citizens Progressive Bank has a Return on Equity of 6.43% 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 Progressive Bank U.S. Bank Average
11.83% 12.68%

Citizens Progressive Bank has a Capitalization of 11.83% 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 Progressive Bank Balance Sheet Analysis

As of March 31, 2020, Citizens Progressive Bank had assets of $171,702,000, loans of $127,157,000, and deposits of $150,470,000. 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 $ 19.24 million
Interest-bearing balances $ 15.62 million
Total securities $ 10.77 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 127.16 million
Loan loss allowance $ 1.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.59 million
Goodwill and other intangibles $ 4.54 million
All other assets $ 4.88 million
     Total Assets $ 151.40 million
LIABILITIES
Total deposits $ 150.47 million
      Interest-bearing deposits $ 131.78 million
      Deposits held in domestic offices $ 150.47 million
      % insured (estimated) 70.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.93 million
      Total Liabilities $ 151.40 million
      Shareholders’ Equity $ 20.31 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.19 million
Total Interest Expense $ 0.53 million
Net interest income $ 1.67 million
Provision for loan and lease losses $ 0.14 million
Total non interest income $ 0.32 million
Total non interest expense $ 1.53 million
Pre-tax Net Operating Income $ 0.32 million

Bank Loan Profile?

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

Compared to other banks, Citizens Progressive Bank’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 26.32
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.47
Small Business Loans 0.00
Construction and Development Loans 3.63
Commercial Real Estate 13.90
Commercial and Industrial Loans 11.43
Farm Loans 7.57

Frequently Asked Questions About Citizens Progressive Bank

Branches and Savings

Is Citizens Progressive Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10531.

Why does Citizens Progressive 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 Progressive Bank CD rates not competitive?

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

Is Citizens Progressive Bank a commercial bank?

Yes

Where are Citizens Progressive Bank locations?

See branch locations nearby.

Is Citizens Progressive Bank open on Saturdays?

Is Citizens Progressive Bank open on Sundays?

What time does Citizens Progressive Bank open?

What time does Citizens Progressive Bank close?

Are Citizens Progressive Bank ATMs Open 24/7?

Do Citizens Progressive Bank ATMs accept cash deposits?

Can Citizens Progressive Bank customers use other ATMs?

Do Citizens Progressive Bank branches have notaries?

Will Citizens Progressive Bank notarize my document?

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

Will the Citizens Progressive Bank branch print checks?

Do Citizens Progressive Bank checks expire?

Does Citizens Progressive Bank require US citizenship to open account?

Can Citizens Progressive Bank close my account?

Does Citizens Progressive Bank Report to credit bureaus?

Does Citizens Progressive Bank Use Equifax?

What is Citizens Progressive Bank's ACH Routing Number?

What is Citizens Progressive Bank's SWIFT code?

Products

Does Citizens Progressive Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Progressive Bank offer personal loans?

Compare personal loan rates here.

Does Citizens Progressive Bank offer student loans?

Will Citizens Progressive Bank cash a check?

Will Citizens Progressive Bank redeem a savings bond?

Does Citizens Progressive Bank cash savings bonds?

Will Citizens Progressive Bank cash money orders?

Can Citizens Progressive Bank issue a money order?

Does Citizens Progressive Bank do currency exchange?

Background on The Bank

Who owns Citizens Progressive Bank?

How long has Citizens Progressive Bank been around?

Can Citizens Progressive Bank transfer to other banks?

Does Citizens Progressive Bank have quick pay?

Does Citizens Progressive Bank accept rolled coins?

Will Citizens Progressive Bank accept loose change?

Where is Citizens Progressive Bank headquarters?

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