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Overview / Commentary
156 Geneva Drive
Oviedo, FL 32765

Citizens Bank of Florida is headquartered in Oviedo and is the 104th largest bank in the state of Florida. It is also the 2,732nd largest bank in the nation. It was established in 1946 and as of March of 2014, it had grown to 54 employees at 5 locations. Citizens Bank of Florida has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Citizens Bank of Florida had $5.01 million in non-current loans and owned real-estate with $21.35 million in equity and loan loss allowances on hand to cover it. This gives Citizens Bank of Florida a Texas Ratio of 23.49% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Citizens Bank of Florida decreased slightly from 27.73% as of March 31, 2013 to 23.49% as of March 31, 2014, resulting in a positive change of 15.29%.This indicates that the balance sheet and financial strength for Citizens Bank of Florida has improved slightly in recent periods.

Deposit Growth


In the past year, Citizens Bank of Florida has increased its total deposits by $6.02 million, resulting in 3.02% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Citizens Bank of Florida has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Citizens Bank of Florida has $231.14 million in assets with $21.35 million in equity, resulting in a capitalization level of 9.24%, which is average.

Institution Statistics

FDIC Certificate #16442
Year Established1946
Primary RegulatorFDIC
Assets and Liabilities
Assets$231.14 million
Loans$124.31 million
Deposits$205.79 million
Equity Capital$19.00 million
Loan Loss Allowance$2.36 million
Unbacked Noncurrent Loans$1.97 million
Real Estate Owned$3.04 million
Historic Data - March 2013
Assets$227.57 million
Equity Capital$21.16 million
Loan Loss Allowance$2.64 million
Unbacked Noncurrent Loans$1.97 million
Real Estate Owned$1.87 million
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets0.47%
Return on Equity5.71%
Interest Income$2.08 million

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Citizens Bank of Florida Savings Account Rates

0.10%$2k-Citizens Gold Account
0.05%$100-Regular Savings Account
0.05%$25-Youth Savings Account

Citizens Bank of Florida Money Market Rates

0.15%$50k-Money Market Personal Account

Citizens Bank of Florida Checking Account Rates

0.15%$50k-Liquid E-Checking Account

Citizens Bank of Florida CD Rates

1.50%$10k-72 Month Bump Rate CD
1.00%$500-5 Year CD
0.90%$500-3 Year CD
0.40%$500-2 Year CD
0.25%$500-1 Year CD
0.15%$500-6 Month CD
0.05%$500-28 Day CD
0.05%$500-91 Day CD

Citizens Bank of Florida IRA Rates

1.00%$250-5 Year IRA CD
1.00%$250-5 Year Roth IRA CD
1.00%$250-5 Year Education IRA CD
0.90%$250-3 Year IRA CD
0.40%$250-2 Year IRA CD
0.25%$250-1 Year IRA CD
0.25%$250-1 Year Roth IRA CD
0.25%$250-1 Year Education IRA CD

Citizens Bank of Florida Locations
Citizens Bank Of Florida156 Geneva DriveOviedo, FL 32765
Longwood Branch410 South Myrtle StreetLongwood, FL 32750
Winter Park/Goldenrod Branch7250 Aloma AvenueWinter Park, FL 32789
Red Bug Branch8305 Red Bug Lake RoadOviedo, FL 32765