Citizens State Bank of Shipman

Headquarters

111 Keating Street
Shipman, IL 62685
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 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 of Shipman is an FDIC insured institution located in Shipman, IL. It was founded in 1926 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 5760
Date Established 1926
Assets $ 60.52 million
Loans $ 26.91 million
Deposits $ 51.37 million
Capital $ 4.99 million
 

For a more detailed analysis of Citizens State Bank of Shipman'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: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens State Bank of Shipman

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 $2,118 $1,021 Learn More

Featured - Connecticut 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
2.990 %
$0 Learn More
More Info

Note to Citizens State Bank of Shipman
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Branches

Citizens State Bank of Shipman 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 of Shipman Locations


Financial Details

Citizens State Bank of Shipman Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens State Bank of Shipman. 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 of Shipman U.S. Bank Average
30.53% 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 of Shipman had $592,000 in non-current loans and $1,033,000 in owned real estate. To cover these potential losses it had $4,994,000 in equity and $329,000 in loans loss reserves. That gives it a Texas Ratio of 30.53%.

Return on Equity
Citizens State Bank of Shipman U.S. Bank Average
8.21% 7.80%

Citizens State Bank of Shipman has a Return on Equity of 8.21% 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 of Shipman U.S. Bank Average
8.25% 12.68%

Citizens State Bank of Shipman has a Capitalization of 8.25% 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 of Shipman Balance Sheet Analysis

As of June 30, 2011, Citizens State Bank of Shipman had assets of $60,520,000, loans of $26,913,000, and deposits of $51,367,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 26.91 million
Loan loss allowance $ 0.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.03 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 51.37 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 $ 60.52 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 State Bank of Shipman’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Citizens State Bank of Shipman’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Citizens State Bank Of Shipman

Branches and Savings

Is Citizens State Bank Of Shipman FDIC insured?

Yes. It is covered under FDIC Certificate #5760.

Why does Citizens State Bank Of Shipman 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 Of Shipman CD rates not competitive?

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

Is Citizens State Bank Of Shipman a commercial bank?

Yes

Where are Citizens State Bank Of Shipman locations?

See branch locations nearby.

Is Citizens State Bank Of Shipman open on Saturdays?

Is Citizens State Bank Of Shipman open on Sundays?

What time does Citizens State Bank Of Shipman open?

What time does Citizens State Bank Of Shipman close?

Are Citizens State Bank Of Shipman ATMs Open 24/7?

Do Citizens State Bank Of Shipman ATMs accept cash deposits?

Can Citizens State Bank Of Shipman customers use other ATMs?

Do Citizens State Bank Of Shipman branches have notaries?

Will Citizens State Bank Of Shipman notarize my document?

What address for Citizens State Bank Of Shipman should I put for incoming ACH transfers?

Will the Citizens State Bank Of Shipman branch print checks?

Do Citizens State Bank Of Shipman checks expire?

Does Citizens State Bank Of Shipman require US citizenship to open account?

Can Citizens State Bank Of Shipman close my account?

Does Citizens State Bank Of Shipman Report to credit bureaus?

Does Citizens State Bank Of Shipman Use Equifax?

What is Citizens State Bank Of Shipman's ACH Routing Number?

What is Citizens State Bank Of Shipman's SWIFT code?

Products

Does Citizens State Bank Of Shipman offer mortgages?

Compare mortgage rates here.

Does Citizens State Bank Of Shipman offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens State Bank Of Shipman offer personal loans?

Compare personal loan rates here.

Does Citizens State Bank Of Shipman offer student loans?

Will Citizens State Bank Of Shipman cash a check?

Will Citizens State Bank Of Shipman redeem a savings bond?

Does Citizens State Bank Of Shipman cash savings bonds?

Will Citizens State Bank Of Shipman cash money orders?

Can Citizens State Bank Of Shipman issue a money order?

Does Citizens State Bank Of Shipman do currency exchange?

Background on The Bank

Who owns Citizens State Bank Of Shipman?

How long has Citizens State Bank Of Shipman been around?

Can Citizens State Bank Of Shipman transfer to other banks?

Does Citizens State Bank Of Shipman have quick pay?

Does Citizens State Bank Of Shipman accept rolled coins?

Will Citizens State Bank Of Shipman accept loose change?

Where is Citizens State Bank Of Shipman headquarters?

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