Citizens State Bank of Tyler, Incorporated

Headquarters

111 North Tyler St
Tyler, MN 56178
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
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 State Bank of Tyler, Incorporated is an FDIC insured institution located in Tyler, MN. It was founded in 1917 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 10582
Date Established 1917
Assets $ 29.54 million
Loans $ 3.84 million
Deposits $ 27.19 million
Capital $ 2.31 million
 

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

Deposit Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens State Bank of Tyler, Incorporated

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
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
Neighbors Bank
NMLS ID: 491986
2.750% 2.750%
0.00 points
$0 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
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
BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to Citizens State Bank of Tyler, Incorporated
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Branches

Citizens State Bank of Tyler, Incorporated 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 Tyler, Incorporated Locations


Financial Details

Citizens State Bank of Tyler, Incorporated Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens State Bank of Tyler, Incorporated. 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 Tyler, Incorporated U.S. Bank Average
1.59% 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 State Bank of Tyler, Incorporated had $9,000 in non-current loans and $30,000 in owned real estate. To cover these potential losses it had $2,312,000 in equity and $136,000 in loans loss reserves. That gives it a Texas Ratio of 1.59%.

Return on Equity
Citizens State Bank of Tyler, Incorporated U.S. Bank Average
0.17% 11.43%

Citizens State Bank of Tyler, Incorporated has a Return on Equity of 0.17% 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.

Capitalization
Citizens State Bank of Tyler, Incorporated U.S. Bank Average
7.83% 11.51%

Citizens State Bank of Tyler, Incorporated has a Capitalization of 7.83% 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 State Bank of Tyler, Incorporated Balance Sheet Analysis

As of March 31, 2021, Citizens State Bank of Tyler, Incorporated had assets of $29,538,000, loans of $3,843,000, and deposits of $27,194,000. 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
ASSETS
Cash & Balances due from depository institutions $ 14.26 million
Interest-bearing balances $ 7.56 million
Total securities $ 10.87 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.84 million
Loan loss allowance $ 0.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets $ 0.26 million
     Total Assets $ 27.23 million
LIABILITIES
Total deposits $ 27.19 million
      Interest-bearing deposits $ 17.66 million
      Deposits held in domestic offices $ 27.19 million
      % insured (estimated) 86.59%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.03 million
      Total Liabilities $ 27.23 million
      Shareholders’ Equity $ 2.31 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 0.14 million
Total Interest Expense $ 0.00 million
Net interest income $ 0.14 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.03 million
Total non interest expense $ 0.13 million
Pre-tax Net Operating Income $ 0.04 million

Bank Loan Profile?

The top three loan types in Citizens State Bank of Tyler, Incorporated’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Farm Loans.

Compared to other banks in Minnesota, Citizens State Bank of Tyler, Incorporated has a significantly higher percent of Consumer Auto Loans, Commercial and Industrial 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.94
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 10.72
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 4.79
Commercial and Industrial Loans 42.75
Farm Loans 13.97

Frequently Asked Questions About Citizens State Bank Of Tyler, Incorporated

Branches and Savings

Is Citizens State Bank Of Tyler, Incorporated FDIC insured?

Yes. It is covered under FDIC Certificate #10582.

Why does Citizens State Bank Of Tyler, Incorporated 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 Tyler, Incorporated CD rates not competitive?

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

Is Citizens State Bank Of Tyler, Incorporated a commercial bank?

Yes

Where are Citizens State Bank Of Tyler, Incorporated locations?

See branch locations nearby.

Is Citizens State Bank Of Tyler, Incorporated open on Saturdays?

Is Citizens State Bank Of Tyler, Incorporated open on Sundays?

What time does Citizens State Bank Of Tyler, Incorporated open?

What time does Citizens State Bank Of Tyler, Incorporated close?

Are Citizens State Bank Of Tyler, Incorporated ATMs Open 24/7?

Do Citizens State Bank Of Tyler, Incorporated ATMs accept cash deposits?

Can Citizens State Bank Of Tyler, Incorporated customers use other ATMs?

Do Citizens State Bank Of Tyler, Incorporated branches have notaries?

Will Citizens State Bank Of Tyler, Incorporated notarize my document?

What address for Citizens State Bank Of Tyler, Incorporated should I put for incoming ACH transfers?

Will the Citizens State Bank Of Tyler, Incorporated branch print checks?

Do Citizens State Bank Of Tyler, Incorporated checks expire?

Does Citizens State Bank Of Tyler, Incorporated require US citizenship to open account?

Can Citizens State Bank Of Tyler, Incorporated close my account?

Does Citizens State Bank Of Tyler, Incorporated Report to credit bureaus?

Does Citizens State Bank Of Tyler, Incorporated Use Equifax?

What is Citizens State Bank Of Tyler, Incorporated's ACH Routing Number?

What is Citizens State Bank Of Tyler, Incorporated's SWIFT code?

Products

Does Citizens State Bank Of Tyler, Incorporated offer mortgages?

Compare mortgage rates here.

Does Citizens State Bank Of Tyler, Incorporated offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens State Bank Of Tyler, Incorporated offer personal loans?

Compare personal loan rates here.

Does Citizens State Bank Of Tyler, Incorporated offer student loans?

Will Citizens State Bank Of Tyler, Incorporated cash a check?

Will Citizens State Bank Of Tyler, Incorporated redeem a savings bond?

Does Citizens State Bank Of Tyler, Incorporated cash savings bonds?

Will Citizens State Bank Of Tyler, Incorporated cash money orders?

Can Citizens State Bank Of Tyler, Incorporated issue a money order?

Does Citizens State Bank Of Tyler, Incorporated do currency exchange?

Background on The Bank

Who owns Citizens State Bank Of Tyler, Incorporated?

How long has Citizens State Bank Of Tyler, Incorporated been around?

Can Citizens State Bank Of Tyler, Incorporated transfer to other banks?

Does Citizens State Bank Of Tyler, Incorporated have quick pay?

Does Citizens State Bank Of Tyler, Incorporated accept rolled coins?

Will Citizens State Bank Of Tyler, Incorporated accept loose change?

Where is Citizens State Bank Of Tyler, Incorporated headquarters?

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