Citizens South Bank


519 South New Hope Road
Gastonia, NC 28054
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
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 South Bank is an FDIC insured institution located in Gastonia, NC. It was founded in 1904 and has approximately $0.94 billion in assets.

FDIC Insured Yes
FDIC Certificate # 28833
Date Established 1904
Assets $ 938.24 million
Loans $ 695.71 million
Deposits $ 826.69 million
Capital $ 93.57 million

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

Deposit Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - September 27, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens South 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

Lender APR Rate (%) Monthly
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Morty, Inc.
NMLS ID: 1429243
2.696% 2.625%
0.88 points
$2,340 fees
$1,005 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

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Bethpage Federal Credit Union
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Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
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Note to Citizens South Bank
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Financial Details

Citizens South Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens South 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 South Bank U.S. Bank Average
61.31% 5.29%

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, 2021, Citizens South Bank had $45,696,000 in non-current loans and $18,957,000 in owned real estate. To cover these potential losses it had $93,574,000 in equity and $11,878,000 in loans loss reserves. That gives it a Texas Ratio of 61.31%.

Return on Equity
Citizens South Bank U.S. Bank Average
-13.91% 11.43%

Citizens South Bank has a Return on Equity of -13.91% versus the BestCashCow average of 11.43%. 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 South Bank U.S. Bank Average
9.97% 11.51%

Citizens South Bank has a Capitalization of 9.97% versus the BestCashCow average of 11.51. 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 South Bank Balance Sheet Analysis

As of September 30, 2012, Citizens South Bank had assets of $938,239,000, loans of $695,711,000, and deposits of $826,693,000. 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, 2021
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 $ 695.71 million
Loan loss allowance $ 11.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 18.96 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 826.69 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 $ 938.24 million

Summary Income Statement

March 31, 2021
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 South Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in North Carolina, Citizens South Bank 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.37
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 16.90
Construction and Development Loans 12.94
Commercial Real Estate 37.99
Commercial and Industrial Loans 6.53
Farm Loans 0.01

Frequently Asked Questions About Citizens South Bank

Branches and Savings

Is Citizens South Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28833.

Why does Citizens South 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 South Bank CD rates not competitive?

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

Is Citizens South Bank a commercial bank?


Where are Citizens South Bank locations?

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Is Citizens South Bank open on Saturdays?

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Do Citizens South Bank checks expire?

Does Citizens South Bank require US citizenship to open account?

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Does Citizens South Bank Report to credit bureaus?

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Does Citizens South Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Citizens South Bank offer personal loans?

Compare personal loan rates here.

Does Citizens South Bank offer student loans?

Will Citizens South Bank cash a check?

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Does Citizens South Bank cash savings bonds?

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Background on The Bank

Who owns Citizens South Bank?

How long has Citizens South Bank been around?

Can Citizens South Bank transfer to other banks?

Does Citizens South Bank have quick pay?

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