Citizens Community Bank (VA)

Citizens Community Bank (VA) is headquartered in South Hill and is the 83^rd largest bank in the state of Virginia. It is also the 3,595^th largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 53 employees at 4 locations. Citizens Community Bank (VA) has a 3-star health rating.

Related Posts

Citizens Community Bank (VA) Checking Account Rates

Citizens Community Bank (VA) Savings Account Rates

Citizens Community Bank (VA) Money Market Rates

Citizens Community Bank (VA) CD Rates

Data for Q3 2011

Institution Statistics Citizens Community Bank FDIC Certificate # 35326 BankRate Report View Year Established 1999 Employees 53 Primary Regulator FED Assets and Liabilities Assets $165.75 million Loans $125.24 million Deposits $138.69 million Equity Capital $22.64 million Loan Loss Allowance $2.66 million Unbacked Noncurrent Loans $4.88 million Real Estate Owned $2.58 million Historic Data - September 2010 Assets $170.55 million Equity Capital $21.75 million Loan Loss Allowance $2.43 million Unbacked Noncurrent Loans $3.97 million Real Estate Owned $1.11 million Profit Margin - Quarterly Net Interest Margin 4.42% Return on Assets 0.35% Return on Equity 2.63% Interest Income $6.46 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Citizens Community Bank (VA) had $7.46 million in non-current loans and owned real-estate with $25.3 million in equity and loan loss allowances on hand to cover it. This gives Citizens Community Bank (VA) a Texas Ratio of 29.47% 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 Community Bank (VA) increased slightly from 21.00% as of September 30, 2010 to 29.47% as of September 30, 2011, resulting in a negative change of 40.31%. This indicates that the balance sheet and financial strength for Citizens Community Bank (VA) has declined slightly in recent periods. Deposit Growth In the past year, Citizens Community Bank (VA) has decreased its total deposits by -$2.91 million, resulting in -2.06% 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 Community Bank (VA) has shown is below average. Capitalization 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 Community Bank (VA) has $165.75 million in assets with $25.3 million in equity, resulting in a capitalization level of 15.27%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.