The Citizens Bank


124 East Main Street
Olanta, SC 29114
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.65% →
1-Year CD 0.15% 0.70% →
2-Year CD 0.20% 0.75% →
5-Year CD 0.40% 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

The Citizens Bank is an FDIC insured institution located in Olanta, SC. It was founded in 1938 and has approximately $0.68 billion in assets. Customers can open an account at one of its 18 branches.

FDIC Insured Yes
FDIC Certificate # 15932
Date Established 1938
Assets $ 681.72 million
Loans $ 405.10 million
Deposits $ 582.08 million
Capital $ 66.82 million

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.

Deposit Rates - June 19, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.05% $100 - Learn More
Premium Money Market Account
0.12% $10,000 $24,999 Learn More
Premium Money Market Account
0.15% $25,000 $249,999 Learn More
6 Mo CD
0.07% $1,000 - Learn More
12 Mo CD
0.15% $1,000 - Learn More
Special: 13 Mo CD
0.25% $1,000 - Learn More
18 Mo CD
0.17% $1,000 - Learn More
24 Mo CD
0.20% $1,000 - Learn More
36 Mo CD
0.25% $1,000 - Learn More
48 Mo CD
0.30% $1,000 - Learn More
60 Mo CD
0.40% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - June 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The Citizens 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 (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.494% 3.375%
1.00 points
$3,750 fees
$1,106 Learn More
CIT Bank
NMLS ID: 541760
3.016% 2.950%
0.88 points
$2,105 fees
$1,048 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to The Citizens Bank
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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.

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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 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
2.28% 5.49%

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 December 31, 2020, The Citizens Bank had $1,335,000 in non-current loans and $299,000 in owned real estate. To cover these potential losses it had $66,820,000 in equity and $4,936,000 in loans loss reserves. That gives it a Texas Ratio of 2.28%.

Return on Equity
The Citizens Bank U.S. Bank Average
9.33% 9.24%

The Citizens Bank has a Return on Equity of 9.33% versus the BestCashCow average of 9.24%. 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.

The Citizens Bank U.S. Bank Average
9.8% 11.96%

The Citizens Bank has a Capitalization of 9.8% versus the BestCashCow average of 11.96. 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, 2020, The Citizens Bank had assets of $681,720,000, loans of $405,102,000, and deposits of $582,075,000. 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, 2020
Cash & Balances due from depository institutions $ 153.16 million
Interest-bearing balances $ 143.71 million
Total securities $ 85.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 405.10 million
Loan loss allowance $ 4.94 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.30 million
Goodwill and other intangibles $ 5.63 million
All other assets $ 14.63 million
     Total Assets $ 614.90 million
Total deposits $ 582.08 million
      Interest-bearing deposits $ 390.17 million
      Deposits held in domestic offices $ 582.08 million
      % insured (estimated) 83.48%
Federal funds purchased and repurchase agreements $ 5.73 million
Trading liabilities N.A.
Other borrowed funds $ 24.00 million
Subordinated debt N.A.
All other liabilities $ 3.10 million
      Total Liabilities $ 614.90 million
      Shareholders’ Equity $ 66.82 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 22.68 million
Total Interest Expense $ 1.61 million
Net interest income $ 21.08 million
Provision for loan and lease losses $ 1.42 million
Total non interest income $ 7.91 million
Total non interest expense $ 20.38 million
Pre-tax Net Operating Income $ 7.19 million

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.46
Credit Card Loans 0.00
Consumer Auto Loans 4.57
Small Business Loans 15.13
Construction and Development Loans 7.22
Commercial Real Estate 24.42
Commercial and Industrial Loans 15.67
Farm Loans 0.81

Frequently Asked Questions About The Citizens Bank

Branches and Savings

Is The Citizens Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15932.

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?


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?


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?

Customer Reviews for The Citizens Bank

  • December 12, 2019

    My debit card stopped working 5 weeks ago and I requested 6 times for a new card with the same number to be issued........never got the card, after I was told during my last call (over an hour of nonsense) that a new card with a different number would be expedited (meaning I have to wait for FEDEX to deliver--stay at home to sign). Now I have to change ALL of my autodraft bill payees ...11 businesses !!! What a bunch of IDIOTS !!! Closing the account and going elsewhere.

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