Citizens State Bank Norwood Young America

Headquarters

409 Faxon Road
Norwood Young America, MN 55368
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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 State Bank Norwood Young America is an FDIC insured institution located in Norwood Young America, MN. It was founded in 1914 and has approximately $0.09 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1933
Date Established 1914
Assets $ 87.22 million
Loans $ 53.99 million
Deposits $ 74.82 million
Capital $ 12.05 million
 

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

Deposit Rates - September 25, 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
0.13% $10,000 $14,999 Learn More
Money Market
0.13% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.25% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.45% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.65% $10,000 $14,999 Learn More
48 Mo CD
0.65% $100,000 $199,999 Learn More

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

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens State Bank Norwood Young America

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
4.114% 3.990% 1.00 $3,750 $1,193 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 State Bank Norwood Young America
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Citizens State Bank Norwood Young America 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 State Bank Norwood Young America Locations


Financial Details

Citizens State Bank Norwood Young America Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens State Bank Norwood Young America. 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 State Bank Norwood Young America U.S. Bank Average
39.25% 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 State Bank Norwood Young America had $4,221,000 in non-current loans and $790,000 in owned real estate. To cover these potential losses it had $12,051,000 in equity and $716,000 in loans loss reserves. That gives it a Texas Ratio of 39.25%.

Return on Equity
Citizens State Bank Norwood Young America U.S. Bank Average
8.25% 7.80%

Citizens State Bank Norwood Young America has a Return on Equity of 8.25% 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 State Bank Norwood Young America U.S. Bank Average
13.82% 12.68%

Citizens State Bank Norwood Young America has a Capitalization of 13.82% 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 State Bank Norwood Young America Balance Sheet Analysis

As of March 31, 2020, Citizens State Bank Norwood Young America had assets of $87,223,000, loans of $53,989,000, and deposits of $74,818,000. 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 $ 19.22 million
Interest-bearing balances $ 17.23 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 7.00 million
Net loans and leases $ 53.99 million
Loan loss allowance $ 0.72 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.79 million
Goodwill and other intangibles $ 3.17 million
All other assets $ 1.15 million
     Total Assets $ 75.17 million
LIABILITIES
Total deposits $ 74.82 million
      Interest-bearing deposits $ 59.18 million
      Deposits held in domestic offices $ 74.82 million
      % insured (estimated) 91.56%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.35 million
      Total Liabilities $ 75.17 million
      Shareholders’ Equity $ 12.05 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.91 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.81 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.10 million
Total non interest expense $ 0.58 million
Pre-tax Net Operating Income $ 0.26 million

Bank Loan Profile?

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

Compared to other banks, Citizens State Bank Norwood Young America’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 16.21
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.14
Small Business Loans 0.00
Construction and Development Loans 2.82
Commercial Real Estate 22.01
Commercial and Industrial Loans 22.51
Farm Loans 13.08

Frequently Asked Questions About Citizens State Bank Norwood Young America

Branches and Savings

Is Citizens State Bank Norwood Young America FDIC insured?

Yes. It is covered under FDIC Certificate #1933.

Why does Citizens State Bank Norwood Young America pay such low interest on savings accounts?

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

Why are Citizens State Bank Norwood Young America CD rates not competitive?

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

Is Citizens State Bank Norwood Young America a commercial bank?

Yes

Where are Citizens State Bank Norwood Young America locations?

See branch locations nearby.

Is Citizens State Bank Norwood Young America open on Saturdays?

Is Citizens State Bank Norwood Young America open on Sundays?

What time does Citizens State Bank Norwood Young America open?

What time does Citizens State Bank Norwood Young America close?

Are Citizens State Bank Norwood Young America ATMs Open 24/7?

Do Citizens State Bank Norwood Young America ATMs accept cash deposits?

Can Citizens State Bank Norwood Young America customers use other ATMs?

Do Citizens State Bank Norwood Young America branches have notaries?

Will Citizens State Bank Norwood Young America notarize my document?

What address for Citizens State Bank Norwood Young America should I put for incoming ACH transfers?

Will the Citizens State Bank Norwood Young America branch print checks?

Do Citizens State Bank Norwood Young America checks expire?

Does Citizens State Bank Norwood Young America require US citizenship to open account?

Can Citizens State Bank Norwood Young America close my account?

Does Citizens State Bank Norwood Young America Report to credit bureaus?

Does Citizens State Bank Norwood Young America Use Equifax?

What is Citizens State Bank Norwood Young America's ACH Routing Number?

What is Citizens State Bank Norwood Young America's SWIFT code?

Products

Does Citizens State Bank Norwood Young America offer mortgages?

Compare mortgage rates here.

Does Citizens State Bank Norwood Young America offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens State Bank Norwood Young America offer personal loans?

Compare personal loan rates here.

Does Citizens State Bank Norwood Young America offer student loans?

Will Citizens State Bank Norwood Young America cash a check?

Will Citizens State Bank Norwood Young America redeem a savings bond?

Does Citizens State Bank Norwood Young America cash savings bonds?

Will Citizens State Bank Norwood Young America cash money orders?

Can Citizens State Bank Norwood Young America issue a money order?

Does Citizens State Bank Norwood Young America do currency exchange?

Background on The Bank

Who owns Citizens State Bank Norwood Young America?

How long has Citizens State Bank Norwood Young America been around?

Can Citizens State Bank Norwood Young America transfer to other banks?

Does Citizens State Bank Norwood Young America have quick pay?

Does Citizens State Bank Norwood Young America accept rolled coins?

Will Citizens State Bank Norwood Young America accept loose change?

Where is Citizens State Bank Norwood Young America headquarters?

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