Citizens First Bank

Headquarters

1050 Lake Sumter Lndg
The Villages, FL 32162
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

Reviewed by David Klemann Sr. | December 8, 2023

We have been banking with Citizen's First for 4 years. Their branches, service, website, and employee attitudes are and always have been excellent. Their branches are warmly personal with free buttered popcorn and personal touches throughout. Not like the cold impersonal larger banks such as Chase and Truist we have left. You are treated not so much as just another customer, but as a friend . They have close personal ties and involvement to their communities. They offer a personal touch that is lacking in most of todays banking institutions.


2024 Overview

General Bank Information

Citizens First Bank is an FDIC insured institution located in The Villages, FL. It was founded in 1991 and has approximately $3.78 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 33440
Date Established 1991
Assets $ 3.78 billion
Loans $ 1,258.21 million
Deposits $ 3.27 billion
Capital $ 378.30 million
 

For a more detailed analysis of Citizens First Bank'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 First Bank

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
District Lending
NMLS ID: 1835285
6.391% 6.250%
1.00 points
$4,800 fees
$1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875%
0.63 points
$2,642 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.225% 7.125%
1.00 points
$3,200 fees
$2,156 Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

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

Branches

Citizens First 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:
Columbus,Ohio



Climate Policy and Initiatives

Citizens First Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


Add Your Review


or use your BestCashCow account

or

Financial Details

Citizens First Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Citizens First 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
Citizens First Bank U.S. Bank Average
0.5% 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 First Bank had $2,011,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $378,300,000 in equity and $21,382,000 in loans loss reserves. That gives it a Texas Ratio of 0.5%.

Return on Equity
Citizens First Bank U.S. Bank Average
9.09% 10.46%

Citizens First Bank has a Return on Equity of 9.09% 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 First Bank U.S. Bank Average
10.02% 10.84%

Citizens First Bank has a Capitalization of 10.02% 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 First Bank Balance Sheet Analysis

As of June 30, 2024, Citizens First Bank had assets of $3,775,894,000, loans of $1,258,213,000, and deposits of $3,269,418,000. 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 $ 35.22 million
Interest-bearing balances $ 8.04 million
Total securities $ 2.27 billion
Federal funds sold and reverse repurchase $ 61.12 million
Net loans and leases $ 1,258.21 million
Loan loss allowance $ 21.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 16.96 million
All other assets $ 99.14 million
     Total Assets $ 3.40 billion
LIABILITIES
Total deposits $ 3.27 billion
      Interest-bearing deposits $ 2.71 billion
      Deposits held in domestic offices $ 3.27 billion
      % insured (estimated) 74.68%
Federal funds purchased and repurchase agreements $ 92.46 million
Trading liabilities N.A.
Other borrowed funds $ 103.00 million
Subordinated debt N.A.
All other liabilities $ 39.79 million
      Total Liabilities $ 3.40 billion
      Shareholders’ Equity $ 378.30 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 78.16 million
Total Interest Expense $ 31.83 million
Net interest income $ 46.33 million
Provision for loan and lease losses $ 1.13 million
Total non interest income $ 11.95 million
Total non interest expense $ 31.64 million
Pre-tax Net Operating Income $ 26.50 million

Bank Loan Profile?

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

Compared to other banks in Florida, Citizens First Bank has a significantly higher percent of Commercial and Industrial 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 22.65
Multifamily
Mortgages
4.50
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 4.55
Construction and Development Loans 4.86
Commercial Real Estate 17.72
Commercial and Industrial Loans 31.01
Farm Loans 0.00

Customer Reviews for Citizens First Bank


  • December 8, 2023

    We have been banking with Citizen's First for 4 years. Their branches, service, website, and employee attitudes are and always have been excellent. Their branches are warmly personal with free buttered popcorn and personal touches throughout. Not like the cold impersonal larger banks such as Chase and Truist we have left. You are treated not so much as just another customer, but as a friend . They have close personal ties and involvement to their communities. They offer a personal touch that is lacking in most of todays banking institutions.


Add Your Review


or use your BestCashCow account

or