The Citizens State Bank of Cortez

Headquarters

77 West Main Street
Cortez, CO 81321
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Notable Rates	APY	Vs.Others
Savings	N.A.	4.75% →
1-Year CD	N.A.	4.59% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.30% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2025 Overview

General Bank Information

The Citizens State Bank of Cortez is an FDIC insured institution located in Cortez, CO. It was founded in 1936 and has approximately $0.08 billion in assets.


FDIC Insured	Yes
FDIC Certificate	# 15642
Date Established	1936
Assets	$ 76.63 million
Loans	$ 46.68 million
Deposits	$ 65.56 million
Capital	$ 8.91 million

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

Deposit Rates - February 21, 2025

Your Current Location: Ohio, OH 43085

Loan Rates - February 21, 2025

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for The Citizens State Bank of Cortez

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 2025

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 1835285	6.356%	6.250% 0.63 points $3,600 fees	$1,971	Learn More
NMLS ID: 2059741	6.507%	6.375% 0.75 points $4,442 fees	$1,997	Learn More
NMLS ID: 1025894	6.593%	6.490% 0.88 points $3,433 fees	$2,021	Learn More
NMLS ID: 6606	6.823%	6.740% 0.88 points $2,710 fees	$2,074	Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Figure Home Equity See Table	Intro APR 7.350 % After Intro: 7.350 %	$15,000	Learn More More Info
Available APRs range from 6.60% - 14.15*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Flexible terms, borrow $15K-$400K, redraw up to 100% Use to consolidate debt or finance your next home project 100% digital app & automated valuation Largest non-bank HELOC lender in the US

See More Home Equity Rates →

Note to The Citizens State Bank of Cortez
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Branches

The Citizens State Bank of Cortez 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

The Citizens State Bank of Cortez Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours

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Climate Policy and Initiatives

The Citizens State Bank of Cortez 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

The Citizens State Bank of Cortez Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Citizens State Bank of Cortez. 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 State Bank of Cortez	U.S. Bank Average
18.07%	4.62%

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 September 30, 2024, The Citizens State Bank of Cortez had $1,294,000 in non-current loans and $487,000 in owned real estate. To cover these potential losses it had $8,914,000 in equity and $943,000 in loans loss reserves. That gives it a Texas Ratio of 18.07%.

Return on Equity

The Citizens State Bank of Cortez	U.S. Bank Average
-3.2%	10.02%

The Citizens State Bank of Cortez has a Return on Equity of -3.2% versus the BestCashCow average of 10.02%. 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 State Bank of Cortez	U.S. Bank Average
11.63%	11.29%

The Citizens State Bank of Cortez has a Capitalization of 11.63% versus the BestCashCow average of 11.29. 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 State Bank of Cortez Balance Sheet Analysis

As of September 30, 2013, The Citizens State Bank of Cortez had assets of $76,625,000, loans of $46,677,000, and deposits of $65,562,000. 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

September 30, 2024

ASSETS
Cash & Balances due from depository institutions	N.A.
Interest-bearing balances	N.A.
Total securities	N.A.
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 46.68 million
Loan loss allowance	$ 0.94 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 0.49 million
Goodwill and other intangibles	N.A.
All other assets	N.A.
Total Assets	N.A.

LIABILITIES
Total deposits	$ 65.56 million
Interest-bearing deposits	N.A.
Deposits held in domestic offices	N.A.
% insured (estimated)	0.00%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	N.A.
Total Liabilities	N.A.
Shareholders’ Equity	$ 76.63 million

Summary Income Statement

September 30, 2024

INCOME AND EXPENSES
Total Interest Income	N.A.
Total Interest Expense	N.A.
Net interest income	N.A.
Provision for loan and lease losses	N.A.
Total non interest income	N.A.
Total non interest expense	N.A.
Pre-tax Net Operating Income	N.A.

Bank Loan Profile^?

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

Compared to other banks in Colorado, The Citizens State Bank of Cortez has a significantly higher percent of Small Business 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	28.83		✓
Multifamily Mortgages	1.95		✓
Credit Card Loans	0.00	✓
Consumer Auto Loans	1.27		✓
Small Business Loans	11.60			✓
Construction and Development Loans	4.70		✓
Commercial Real Estate	24.31		✓
Commercial and Industrial Loans	9.44		✓
Farm Loans	8.78		✓

Customer Reviews for The Citizens State Bank of Cortez

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