Citizens State Bank of Waverly, Inc.

Headquarters

609 Pacific Avenue
Waverly, MN 55390
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.30% 0.95% →
2-Year CD 0.45% 1.05% →
5-Year CD 0.90% 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 Waverly, Inc. is an FDIC insured institution located in Waverly, MN. It was founded in 1907 and has approximately $0.08 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 9337
Date Established 1907
Assets $ 82.28 million
Loans $ 52.50 million
Deposits $ 71.36 million
Capital $ 9.80 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $200 - Learn More
Money Market
0.05% $1,000 - Learn More
Premium Money Market Account
0.05% $1,000 $24,999 Learn More
Premium Money Market Account
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $1,000 - Learn More
12 Mo CD
0.30% $1,000 - Learn More
24 Mo CD
0.45% $1,000 - Learn More
36 Mo CD
0.60% $1,000 - Learn More
48 Mo CD
0.75% $1,000 - Learn More
60 Mo CD
0.90% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $800 - Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Citizens State Bank of Waverly, Inc.

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
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
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 Waverly, Inc.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Citizens State Bank of Waverly, Inc. 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 Waverly, Inc. Locations


Financial Details

Citizens State Bank of Waverly, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens State Bank of Waverly, Inc.. 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 Waverly, Inc. U.S. Bank Average
7.78% 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 Waverly, Inc. had $810,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $9,797,000 in equity and $618,000 in loans loss reserves. That gives it a Texas Ratio of 7.78%.

Return on Equity
Citizens State Bank of Waverly, Inc. U.S. Bank Average
12.57% 7.80%

Citizens State Bank of Waverly, Inc. has a Return on Equity of 12.57% 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 Waverly, Inc. U.S. Bank Average
11.91% 12.68%

Citizens State Bank of Waverly, Inc. has a Capitalization of 11.91% 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 Waverly, Inc. Balance Sheet Analysis

As of March 31, 2020, Citizens State Bank of Waverly, Inc. had assets of $82,279,000, loans of $52,502,000, and deposits of $71,359,000. 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 $ 9.69 million
Interest-bearing balances $ 8.71 million
Total securities $ 13.95 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 52.50 million
Loan loss allowance $ 0.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.82 million
All other assets $ 2.35 million
     Total Assets $ 72.48 million
LIABILITIES
Total deposits $ 71.36 million
      Interest-bearing deposits $ 52.57 million
      Deposits held in domestic offices $ 71.36 million
      % insured (estimated) 86.61%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.61 million
Subordinated debt N.A.
All other liabilities $ 0.51 million
      Total Liabilities $ 72.48 million
      Shareholders’ Equity $ 9.80 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.87 million
Total Interest Expense $ 0.10 million
Net interest income $ 0.77 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.09 million
Total non interest expense $ 0.50 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in Citizens State Bank of Waverly, Inc.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Citizens State Bank of Waverly, Inc. 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.18
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.16
Small Business Loans 19.96
Construction and Development Loans 4.41
Commercial Real Estate 22.53
Commercial and Industrial Loans 7.43
Farm Loans 10.52

Frequently Asked Questions About Citizens State Bank Of Waverly, Inc.

Branches and Savings

Is Citizens State Bank Of Waverly, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #9337.

Why does Citizens State Bank Of Waverly, Inc. 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 Waverly, Inc. CD rates not competitive?

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

Is Citizens State Bank Of Waverly, Inc. a commercial bank?

Yes

Where are Citizens State Bank Of Waverly, Inc. locations?

See branch locations nearby.

Is Citizens State Bank Of Waverly, Inc. open on Saturdays?

Is Citizens State Bank Of Waverly, Inc. open on Sundays?

What time does Citizens State Bank Of Waverly, Inc. open?

What time does Citizens State Bank Of Waverly, Inc. close?

Are Citizens State Bank Of Waverly, Inc. ATMs Open 24/7?

Do Citizens State Bank Of Waverly, Inc. ATMs accept cash deposits?

Can Citizens State Bank Of Waverly, Inc. customers use other ATMs?

Do Citizens State Bank Of Waverly, Inc. branches have notaries?

Will Citizens State Bank Of Waverly, Inc. notarize my document?

What address for Citizens State Bank Of Waverly, Inc. should I put for incoming ACH transfers?

Will the Citizens State Bank Of Waverly, Inc. branch print checks?

Do Citizens State Bank Of Waverly, Inc. checks expire?

Does Citizens State Bank Of Waverly, Inc. require US citizenship to open account?

Can Citizens State Bank Of Waverly, Inc. close my account?

Does Citizens State Bank Of Waverly, Inc. Report to credit bureaus?

Does Citizens State Bank Of Waverly, Inc. Use Equifax?

What is Citizens State Bank Of Waverly, Inc.'s ACH Routing Number?

What is Citizens State Bank Of Waverly, Inc.'s SWIFT code?

Products

Does Citizens State Bank Of Waverly, Inc. offer mortgages?

Compare mortgage rates here.

Does Citizens State Bank Of Waverly, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Citizens State Bank Of Waverly, Inc. offer personal loans?

Compare personal loan rates here.

Does Citizens State Bank Of Waverly, Inc. offer student loans?

Will Citizens State Bank Of Waverly, Inc. cash a check?

Will Citizens State Bank Of Waverly, Inc. redeem a savings bond?

Does Citizens State Bank Of Waverly, Inc. cash savings bonds?

Will Citizens State Bank Of Waverly, Inc. cash money orders?

Can Citizens State Bank Of Waverly, Inc. issue a money order?

Does Citizens State Bank Of Waverly, Inc. do currency exchange?

Background on The Bank

Who owns Citizens State Bank Of Waverly, Inc.?

How long has Citizens State Bank Of Waverly, Inc. been around?

Can Citizens State Bank Of Waverly, Inc. transfer to other banks?

Does Citizens State Bank Of Waverly, Inc. have quick pay?

Does Citizens State Bank Of Waverly, Inc. accept rolled coins?

Will Citizens State Bank Of Waverly, Inc. accept loose change?

Where is Citizens State Bank Of Waverly, Inc. headquarters?

Customer Reviews for Citizens State Bank of Waverly, Inc.

There are currently no comments for Citizens State Bank of Waverly, Inc.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →