The Citizens Bank

500 West Broadway
Farmington, NM 87401

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1164
Date Established 1905
Assets $0.68 billion
Loans $0.27 billion
Deposits $0.54 billion
Capital $0.07 billion

The Citizens Bank is an FDIC insured institution located in Farmington, NM. It was founded in 1905 and has approximately $0.68 billion in assets. Customers can open an account at one of its 6 branches.

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

Bank Loan Profile?

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

Compared to other banks, The Citizens 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 34.24
Multifamily
Mortgages
1.27
Credit Card Loans 0.00
Consumer Auto Loans 0.19
Small Business Loans 12.51
Construction and Development Loans 6.76
Commercial Real Estate 32.54
Commercial and Industrial Loans 23.80
Farm Loans 0.34

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

There are currently no rates available for The Citizens Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The Citizens 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


The Citizens Bank Locations


Financial Details

The Citizens Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Citizens 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
The Citizens Bank U.S. Bank Average
3.76% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 December 31, 2018, The Citizens Bank had $2,630,000 in non-current loans and $128,000 in owned real estate. To cover these potential losses it had $69,036,000 in equity and $4,238,000 in loans loss reserves. That gives it a Texas Ratio of 3.76%.

Return on Equity
The Citizens Bank U.S. Bank Average
17.49% 8.80%

The Citizens Bank has a Return on Equity of 17.49% versus the BestCashCow average of 8.80%. 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
The Citizens Bank U.S. Bank Average
10.16% 12.29%

The Citizens Bank has a Capitalization of 10.16% versus the BestCashCow average of 12.29. 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.

The Citizens Bank Balance Sheet Analysis

As of December 31, 2018, The Citizens Bank had assets of $679,648,000, loans of $272,776,000, and deposits of $544,110,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.35 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.27 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.61 billion
LIABILITIES
Total deposits $0.54 billion
      Interest-bearing deposits $0.38 billion
      Deposits held in domestic offices $0.54 billion
      % insured (estimated) 73.82%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.61 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.01 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About The Citizens Bank

Branches and Savings

Is The Citizens Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1164.

Why does The Citizens Bank pay such low interest on savings accounts?

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

Why are The Citizens Bank CD rates not competitive?

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

Is The Citizens Bank a commercial bank?

Yes

Where are The Citizens Bank locations?

See branch locations nearby.

Is The Citizens Bank open on Saturdays?

Is The Citizens Bank open on Sundays?

What time does The Citizens Bank open?

What time does The Citizens Bank close?

Are The Citizens Bank ATMs Open 24/7?

Do The Citizens Bank ATMs accept cash deposits?

Can The Citizens Bank customers use other ATMs?

Do The Citizens Bank branches have notaries?

Will The Citizens Bank notarize my document?

What address for The Citizens Bank should I put for incoming ACH transfers?

Will the The Citizens Bank branch print checks?

Do The Citizens Bank checks expire?

Does The Citizens Bank require US citizenship to open account?

Can The Citizens Bank close my account?

Does The Citizens Bank Report to credit bureaus?

Does The Citizens Bank Use Equifax?

What is The Citizens Bank's ACH Routing Number?

What is The Citizens Bank's SWIFT code?

Products

Does The Citizens Bank offer mortgages?

Compare mortgage rates here.

Does The Citizens Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Citizens Bank offer personal loans?

Compare personal loan rates here.

Does The Citizens Bank offer student loans?

Will The Citizens Bank cash a check?

Will The Citizens Bank redeem a savings bond?

Does The Citizens Bank cash savings bonds?

Will The Citizens Bank cash money orders?

Can The Citizens Bank issue a money order?

Does The Citizens Bank do currency exchange?

Background on The Bank

Who owns The Citizens Bank?

How long has The Citizens Bank been around?

Can The Citizens Bank transfer to other banks?

Does The Citizens Bank have quick pay?

Does The Citizens Bank accept rolled coins?

Will The Citizens Bank accept loose change?

Where is The Citizens Bank headquarters?

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