The Citizens Bank Company

Headquarters

501 Fifth Street
Beverly, OH 45715
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.05% →
1-Year CD 0.47% 1.05% →
2-Year CD 0.57% 1.11% →
5-Year CD 1.09% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Citizens Bank Company is an FDIC insured institution located in Beverly, OH. It was founded in 1863 and has approximately $0.23 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 10266
Date Established 1863
Assets $ 230.67 million
Loans $ 165.08 million
Deposits $ 201.02 million
Capital $ 29.20 million
 

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

Deposit Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.27% $100,000 $199,999 Learn More
6 Mo CD
0.25% $10,000 $14,999 Learn More
6 Mo CD
0.37% $100,000 $199,999 Learn More
12 Mo CD
0.35% $10,000 $14,999 Learn More
12 Mo CD
0.47% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.57% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.67% $100,000 $199,999 Learn More
Special: 48 Mo CD
0.70% $1,000 $9,999 Learn More
Special: 48 Mo CD
0.79% $10,000 $49,999 Learn More
48 Mo CD
0.79% $10,000 $14,999 Learn More
Special: 48 Mo CD
0.89% $50,000 $99,999 Learn More
Special: 48 Mo CD
0.99% $100,000 $249,999 Learn More
48 Mo CD
0.99% $100,000 $199,999 Learn More
Special: 48 Mo CD
1.04% $250,000 - Learn More
60 Mo CD
0.89% $10,000 $14,999 Learn More
60 Mo CD
1.09% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for The Citizens Bank Company

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
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to The Citizens Bank Company
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Branches

The Citizens Bank Company 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 Company Locations


Financial Details

The Citizens Bank Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Citizens Bank Company. 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 Company U.S. Bank Average
0.2% 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, The Citizens Bank Company had $66,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $29,195,000 in equity and $4,243,000 in loans loss reserves. That gives it a Texas Ratio of 0.2%.

Return on Equity
The Citizens Bank Company U.S. Bank Average
6.13% 7.80%

The Citizens Bank Company has a Return on Equity of 6.13% 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
The Citizens Bank Company U.S. Bank Average
12.66% 12.68%

The Citizens Bank Company has a Capitalization of 12.66% 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.

The Citizens Bank Company Balance Sheet Analysis

As of March 31, 2020, The Citizens Bank Company had assets of $230,673,000, loans of $165,079,000, and deposits of $201,016,000. 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 $ 7.53 million
Interest-bearing balances $ 2.22 million
Total securities $ 42.88 million
Federal funds sold and reverse repurchase $ 3.39 million
Net loans and leases $ 165.08 million
Loan loss allowance $ 4.24 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 $ 7.76 million
     Total Assets $ 201.48 million
LIABILITIES
Total deposits $ 201.02 million
      Interest-bearing deposits $ 159.27 million
      Deposits held in domestic offices $ 201.02 million
      % insured (estimated) 75.55%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.46 million
      Total Liabilities $ 201.48 million
      Shareholders’ Equity $ 29.20 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.55 million
Total Interest Expense $ 0.30 million
Net interest income $ 2.26 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.23 million
Total non interest expense $ 1.70 million
Pre-tax Net Operating Income $ 0.67 million

Bank Loan Profile?

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

Compared to other banks, The Citizens Bank Company’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 49.45
Multifamily
Mortgages
3.58
Credit Card Loans 0.24
Consumer Auto Loans 1.40
Small Business Loans 0.00
Construction and Development Loans 5.76
Commercial Real Estate 28.20
Commercial and Industrial Loans 9.91
Farm Loans 0.49

Frequently Asked Questions About The Citizens Bank Company

Branches and Savings

Is The Citizens Bank Company FDIC insured?

Yes. It is covered under FDIC Certificate #10266.

Why does The Citizens Bank Company 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 Company CD rates not competitive?

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

Is The Citizens Bank Company a commercial bank?

Yes

Where are The Citizens Bank Company locations?

See branch locations nearby.

Is The Citizens Bank Company open on Saturdays?

Is The Citizens Bank Company open on Sundays?

What time does The Citizens Bank Company open?

What time does The Citizens Bank Company close?

Are The Citizens Bank Company ATMs Open 24/7?

Do The Citizens Bank Company ATMs accept cash deposits?

Can The Citizens Bank Company customers use other ATMs?

Do The Citizens Bank Company branches have notaries?

Will The Citizens Bank Company notarize my document?

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

Will the The Citizens Bank Company branch print checks?

Do The Citizens Bank Company checks expire?

Does The Citizens Bank Company require US citizenship to open account?

Can The Citizens Bank Company close my account?

Does The Citizens Bank Company Report to credit bureaus?

Does The Citizens Bank Company Use Equifax?

What is The Citizens Bank Company's ACH Routing Number?

What is The Citizens Bank Company's SWIFT code?

Products

Does The Citizens Bank Company offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Citizens Bank Company offer personal loans?

Compare personal loan rates here.

Does The Citizens Bank Company offer student loans?

Will The Citizens Bank Company cash a check?

Will The Citizens Bank Company redeem a savings bond?

Does The Citizens Bank Company cash savings bonds?

Will The Citizens Bank Company cash money orders?

Can The Citizens Bank Company issue a money order?

Does The Citizens Bank Company do currency exchange?

Background on The Bank

Who owns The Citizens Bank Company?

How long has The Citizens Bank Company been around?

Can The Citizens Bank Company transfer to other banks?

Does The Citizens Bank Company have quick pay?

Does The Citizens Bank Company accept rolled coins?

Will The Citizens Bank Company accept loose change?

Where is The Citizens Bank Company headquarters?

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