City Bank

Headquarters

5219 City Bank Parkway
Lubbock, TX 79407
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.50% 1.01% →
2-Year CD 0.60% 0.95% →
5-Year CD 0.75% 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

City Bank is an FDIC insured institution located in Lubbock, TX. It was founded in 1984 and has approximately $3.21 billion in assets. Customers can open an account at one of its 25 branches.

FDIC Insured Yes
FDIC Certificate # 25103
Date Established 1984
Assets $ 3.21 billion
Loans $ 2.14 billion
Deposits $ 2.67 billion
Capital $ 389.21 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 - October 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $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
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.55% $10,000 $14,999 Learn More
30 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $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 - October 25, 2020

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.567% 2.500% 0.88 $2,216 $988 Learn More

Featured - Virginia 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
2.240 %
$0 Learn More
More Info

Note to City Bank
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Ashburn,Virginia


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
2.1% 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, City Bank had $7,111,000 in non-current loans and $1,671,000 in owned real estate. To cover these potential losses it had $389,214,000 in equity and $29,074,000 in loans loss reserves. That gives it a Texas Ratio of 2.1%.

Return on Equity
City Bank U.S. Bank Average
8.39% 7.80%

City Bank has a Return on Equity of 8.39% 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
City Bank U.S. Bank Average
12.11% 12.68%

City Bank has a Capitalization of 12.11% 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.

City Bank Balance Sheet Analysis

As of March 31, 2020, City Bank had assets of $3,214,746,000, loans of $2,142,367,000, and deposits of $2,673,752,000. 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 $ 136.06 million
Interest-bearing balances $ 89.18 million
Total securities $ 734.79 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.14 billion
Loan loss allowance $ 29.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.67 million
Goodwill and other intangibles $ 30.29 million
All other assets $ 107.74 million
     Total Assets $ 2.83 billion
LIABILITIES
Total deposits $ 2.67 billion
      Interest-bearing deposits $ 1,924.90 million
      Deposits held in domestic offices $ 2.67 billion
      % insured (estimated) 71.74%
Federal funds purchased and repurchase agreements $ 17.40 million
Trading liabilities N.A.
Other borrowed funds $ 95.00 million
Subordinated debt N.A.
All other liabilities $ 39.38 million
      Total Liabilities $ 2.83 billion
      Shareholders’ Equity $ 389.21 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 35.73 million
Total Interest Expense $ 4.73 million
Net interest income $ 30.99 million
Provision for loan and lease losses $ 6.23 million
Total non interest income $ 16.44 million
Total non interest expense $ 33.55 million
Pre-tax Net Operating Income $ 7.65 million

Bank Loan Profile?

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

Compared to other banks in Texas, City Bank has a significantly higher percent of Consumer Auto 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 19.58
Multifamily
Mortgages
2.14
Credit Card Loans 0.08
Consumer Auto Loans 10.15
Small Business Loans 5.68
Construction and Development Loans 14.20
Commercial Real Estate 27.22
Commercial and Industrial Loans 16.55
Farm Loans 3.71

Frequently Asked Questions About City Bank

Branches and Savings

Is City Bank FDIC insured?

Yes. It is covered under FDIC Certificate #25103.

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?

Customer Reviews for City Bank

There are currently no comments for City Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →