City Bank

Headquarters

14807 Hwy 99
Lynnwood, WA 98087
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

City Bank is an FDIC insured institution located in Lynnwood, WA. It was founded in 1974 and has approximately $0.98 billion in assets.

City Bank, Lynnwood, Washington, was closed April 16, 2010 by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington, to assume all of the deposits of City Bank.

FDIC Insured Yes
FDIC Certificate # 21521
Date Established 1974
Assets $ 1,129.15 million
Loans $ 584.83 million
Deposits $ 1,020.49 million
Capital $ 36.48 million
 

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

Deposit Rates - January 16, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - January 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for City 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 (%) Points Fees Monthly
Payment
Learn More
Morty, Inc.
NMLS ID: 1429243
2.480% 2.375% 1.00 $3,500 $972 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to City Bank
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Branches

City Bank 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


City Bank Locations


Financial Details

City Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of City Bank. 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
City Bank U.S. Bank Average
417.64% 6.14%

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 September 30, 2020, City Bank had $200,317,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $36,483,000 in equity and $11,481,000 in loans loss reserves. That gives it a Texas Ratio of 417.64%.

Return on Equity
City Bank U.S. Bank Average
-105.49% 9.23%

City Bank has a Return on Equity of -105.49% versus the BestCashCow average of 9.23%. 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
City Bank U.S. Bank Average
3.23% 12.07%

City Bank has a Capitalization of 3.23% versus the BestCashCow average of 12.07. 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.

City Bank Balance Sheet Analysis

As of November 30, -0001, City Bank had assets of $981,913,000, loans of $584,825,000, and deposits of $1,020,494,000. 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

September 30, 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 $ 584.83 million
Loan loss allowance $ 11.48 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 1,020.49 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 $ 1,129.15 million

Summary Income Statement

September 30, 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 City Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, City Bank’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 City Bank

Branches and Savings

Is City Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21521.

Why does City Bank pay such low interest on savings accounts?

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

Why are City Bank CD rates not competitive?

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

Is City Bank a commercial bank?

Yes

Where are City Bank locations?

See branch locations nearby.

Is City Bank open on Saturdays?

Is City Bank open on Sundays?

What time does City Bank open?

What time does City Bank close?

Are City Bank ATMs Open 24/7?

Do City Bank ATMs accept cash deposits?

Can City Bank customers use other ATMs?

Do City Bank branches have notaries?

Will City Bank notarize my document?

What address for City Bank should I put for incoming ACH transfers?

Will the City Bank branch print checks?

Do City Bank checks expire?

Does City Bank require US citizenship to open account?

Can City Bank close my account?

Does City Bank Report to credit bureaus?

Does City Bank Use Equifax?

What is City Bank's ACH Routing Number?

What is City Bank's SWIFT code?

Products

Does City Bank offer mortgages?

Compare mortgage rates here.

Does City Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does City Bank offer personal loans?

Compare personal loan rates here.

Does City Bank offer student loans?

Will City Bank cash a check?

Will City Bank redeem a savings bond?

Does City Bank cash savings bonds?

Will City Bank cash money orders?

Can City Bank issue a money order?

Does City Bank do currency exchange?

Background on The Bank

Who owns City Bank?

How long has City Bank been around?

Can City Bank transfer to other banks?

Does City Bank have quick pay?

Does City Bank accept rolled coins?

Will City Bank accept loose change?

Where is City Bank headquarters?

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