Citizens Savings Bank

Headquarters

110 West Southridge Road
Marshalltown, IA 50158
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.26% 0.95% →
2-Year CD 0.55% 1.05% →
5-Year CD 0.75% 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 Savings Bank is an FDIC insured institution located in Marshalltown, IA. It was founded in 1907 and has approximately $0.06 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 14785
Date Established 1907
Assets $ 64.83 million
Loans $ 48.82 million
Deposits $ 57.16 million
Capital $ 5.33 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $500 $49,999 Learn More
Money Market
0.05% $1 $4,999 Learn More
Money Market
0.05% $5,000 $49,999 Learn More
CD Rates APY MIN MAX
12 Mo CD
0.26% $10,000 $49,999 Learn More
12 Mo CD
0.26% $50,000 - Learn More
Special: 13 Mo CD
0.75% $5,000 - Learn More
18 Mo CD
0.50% $10,000 $49,999 Learn More
18 Mo CD
0.50% $50,000 - Learn More
24 Mo CD
0.55% $10,000 $49,999 Learn More
24 Mo CD
0.55% $50,000 - Learn More
36 Mo CD
0.60% $10,000 $49,999 Learn More
36 Mo CD
0.60% $50,000 - Learn More
48 Mo CD
0.65% $10,000 $49,999 Learn More
48 Mo CD
0.65% $50,000 - Learn More
60 Mo CD
0.75% $10,000 $49,999 Learn More
60 Mo CD
0.75% $50,000 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $4,999 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Citizens Savings Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

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

Branches

Citizens Savings 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:
Seattle,Washington


Citizens Savings Bank Locations


Financial Details

Citizens Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens Savings 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 Savings Bank U.S. Bank Average
0% 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 Savings Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,327,000 in equity and $336,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Citizens Savings Bank U.S. Bank Average
14.52% 7.80%

Citizens Savings Bank has a Return on Equity of 14.52% 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 Savings Bank U.S. Bank Average
8.22% 12.68%

Citizens Savings Bank has a Capitalization of 8.22% 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 Savings Bank Balance Sheet Analysis

As of March 31, 2020, Citizens Savings Bank had assets of $64,826,000, loans of $48,822,000, and deposits of $57,162,000. 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 $ 5.07 million
Interest-bearing balances $ 3.80 million
Total securities $ 0.21 million
Federal funds sold and reverse repurchase $ 8.34 million
Net loans and leases $ 48.82 million
Loan loss allowance $ 0.34 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.72 million
     Total Assets $ 59.50 million
LIABILITIES
Total deposits $ 57.16 million
      Interest-bearing deposits $ 40.29 million
      Deposits held in domestic offices $ 57.16 million
      % insured (estimated) 87.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.19 million
Subordinated debt N.A.
All other liabilities $ 0.15 million
      Total Liabilities $ 59.50 million
      Shareholders’ Equity $ 5.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.65 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.55 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.06 million
Total non interest expense $ 0.40 million
Pre-tax Net Operating Income $ 0.20 million

Bank Loan Profile?

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

Compared to other banks in Iowa, Citizens Savings Bank has a significantly higher percent of Multifamily Mortgages 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 23.34
Multifamily
Mortgages
9.33
Credit Card Loans 0.00
Consumer Auto Loans 0.93
Small Business Loans 0.00
Construction and Development Loans 1.51
Commercial Real Estate 9.97
Commercial and Industrial Loans 9.48
Farm Loans 21.93

Frequently Asked Questions About Citizens Savings Bank

Branches and Savings

Is Citizens Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #14785.

Why does Citizens Savings 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 Savings Bank CD rates not competitive?

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

Is Citizens Savings Bank a commercial bank?

Yes

Where are Citizens Savings Bank locations?

See branch locations nearby.

Is Citizens Savings Bank open on Saturdays?

Is Citizens Savings Bank open on Sundays?

What time does Citizens Savings Bank open?

What time does Citizens Savings Bank close?

Are Citizens Savings Bank ATMs Open 24/7?

Do Citizens Savings Bank ATMs accept cash deposits?

Can Citizens Savings Bank customers use other ATMs?

Do Citizens Savings Bank branches have notaries?

Will Citizens Savings Bank notarize my document?

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

Will the Citizens Savings Bank branch print checks?

Do Citizens Savings Bank checks expire?

Does Citizens Savings Bank require US citizenship to open account?

Can Citizens Savings Bank close my account?

Does Citizens Savings Bank Report to credit bureaus?

Does Citizens Savings Bank Use Equifax?

What is Citizens Savings Bank's ACH Routing Number?

What is Citizens Savings Bank's SWIFT code?

Products

Does Citizens Savings Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens Savings Bank offer personal loans?

Compare personal loan rates here.

Does Citizens Savings Bank offer student loans?

Will Citizens Savings Bank cash a check?

Will Citizens Savings Bank redeem a savings bond?

Does Citizens Savings Bank cash savings bonds?

Will Citizens Savings Bank cash money orders?

Can Citizens Savings Bank issue a money order?

Does Citizens Savings Bank do currency exchange?

Background on The Bank

Who owns Citizens Savings Bank?

How long has Citizens Savings Bank been around?

Can Citizens Savings Bank transfer to other banks?

Does Citizens Savings Bank have quick pay?

Does Citizens Savings Bank accept rolled coins?

Will Citizens Savings Bank accept loose change?

Where is Citizens Savings Bank headquarters?

Customer Reviews for Citizens Savings Bank

There are currently no comments for Citizens Savings Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →