2024 Overview
General Bank Information
Citizens Bank & Trust Co. is an FDIC insured institution located in Marks, MS. It was founded in 1917 and has approximately $0.11 billion in assets. Customers can open an account at one of its 3 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 9777 |
| Date Established | 1917 |
| Assets | $ 105.61 million |
| Loans | $ 67.29 million |
| Deposits | $ 83.33 million |
| Capital | $ 13.11 million |
For a more detailed analysis of Citizens Bank & Trust Co.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Citizens Bank & Trust Co.
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1025894 |
6.956% |
6.875% 0.63 points $2,642 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 3029 |
points fees |
Learn More | ||
NMLS ID: 1907 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
10.625 %
After Intro: 10.625 % |
$0 |
Learn More
More Info |
Note to Citizens Bank & Trust Co.
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Branches
Citizens Bank & Trust Co. 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:
Columbus,Ohio
Citizens Bank & Trust Co. Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 510.81 | A | View Lobby Hours | |
| 534.56 | B | View Lobby Hours | |
| 551.35 | C | View Lobby Hours |
Climate Policy and Initiatives
Citizens Bank & Trust Co. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Citizens Bank & Trust Co. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Citizens Bank & Trust Co.. 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
| Citizens Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 15.82% | 4.48% |
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 June 30, 2024, Citizens Bank & Trust Co. had $2,390,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $13,110,000 in equity and $1,999,000 in loans loss reserves. That gives it a Texas Ratio of 15.82%.
Return on Equity
| Citizens Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 6.54% | 10.46% |
Citizens Bank & Trust Co. has a Return on Equity of 6.54% versus the BestCashCow average of 10.46%. 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
| Citizens Bank & Trust Co. | U.S. Bank Average |
|---|---|
| 12.41% | 10.84% |
Citizens Bank & Trust Co. has a Capitalization of 12.41% versus the BestCashCow average of 10.84. 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.
Citizens Bank & Trust Co. Balance Sheet Analysis
As of June 30, 2024, Citizens Bank & Trust Co. had assets of $105,605,000, loans of $67,287,000, and deposits of $83,327,000. 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
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 10.18 million |
| Interest-bearing balances | $ 7.05 million |
| Total securities | $ 17.56 million |
| Federal funds sold and reverse repurchase | $ 0.18 million |
| Net loans and leases | $ 67.29 million |
| Loan loss allowance | $ 2.00 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 | $ 8.05 million |
| Total Assets | $ 92.50 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 83.33 million |
| Interest-bearing deposits | $ 57.29 million |
| Deposits held in domestic offices | $ 83.33 million |
| % insured (estimated) | 77.82% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 10.76 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.54 million |
| Total Liabilities | $ 92.50 million |
| Shareholders’ Equity | $ 13.11 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 3.08 million |
| Total Interest Expense | $ 0.85 million |
| Net interest income | $ 2.23 million |
| Provision for loan and lease losses | $ 0.02 million |
| Total non interest income | $ 0.36 million |
| Total non interest expense | $ 2.04 million |
| Pre-tax Net Operating Income | $ 0.13 million |
Bank Loan Profile?
The top three loan types in Citizens Bank & Trust Co.’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.
Compared to other banks in Mississippi, Citizens Bank & Trust Co. has a significantly higher percent of Farm 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 | 21.48 | ✓ | ||
| Multifamily Mortgages |
0.00 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 1.42 | ✓ | ||
| Small Business Loans | 2.13 | ✓ | ||
| Construction and Development Loans | 13.40 | ✓ | ||
| Commercial Real Estate | 12.68 | ✓ | ||
| Commercial and Industrial Loans | 13.52 | ✓ | ||
| Farm Loans | 23.51 | ✓ | ||
Customer Reviews for Citizens Bank & Trust Co.
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