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Overview / Commentary
300 North Home Street
Corrigan, TX 75939

Citizens State Bank (Corrigan, TX) is headquartered in Corrigan and is the 348th largest bank in the state of Texas. It is also the 4,288th largest bank in the nation. It was established in 1919 and as of June of 2014, it had grown to 29 employees at 2 locations. Citizens State Bank (Corrigan, TX) has a A+ health rating.

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Data for Q2 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 June 30, 2014 Citizens State Bank (Corrigan, TX) had $272,000 in non-current loans and owned real-estate with $12.36 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (Corrigan, TX) a Texas Ratio of 2.20% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Citizens State Bank (Corrigan, TX) decreased dramatically from 4.52% as of June 30, 2013 to 2.20% as of June 30, 2014, resulting in a positive change of 51.35%.This indicates that the balance sheet and financial strength for Citizens State Bank (Corrigan, TX) has improved dramatically in recent periods.

Deposit Growth


In the past year, Citizens State Bank (Corrigan, TX) has increased its total deposits by $9.45 million, resulting in 9.8% 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 State Bank (Corrigan, TX) 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 State Bank (Corrigan, TX) has $118.23 million in assets with $12.36 million in equity, resulting in a capitalization level of 10.46%, which is above average.

Institution Statistics

FDIC Certificate #11905
Year Established1919
Primary RegulatorFDIC
Assets and Liabilities
Assets$118.23 million
Loans$56.29 million
Deposits$105.95 million
Equity Capital$11.70 million
Loan Loss Allowance$658,000
Unbacked Noncurrent Loans$214,000
Real Estate Owned$58,000
Historic Data - June 2013
Assets$107.98 million
Equity Capital$11.02 million
Loan Loss Allowance$677,000
Unbacked Noncurrent Loans$214,000
Real Estate Owned$114,000
Profit Margin - Quarterly
Return on Assets1.76%
Return on Equity17.97%
Interest Income$2.55 million
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Citizens State Bank (Corrigan, TX) Savings Account Rates

0.20%$50-Savings Account

Citizens State Bank (Corrigan, TX) Money Market Rates

0.15%$1k-Money Market

Citizens State Bank (Corrigan, TX) Checking Account Rates

0.10%$1k-NOW Account

Citizens State Bank (Corrigan, TX) Locations
Citizens State Bank300 North Home StreetCorrigan, TX 75939
Groveton BranchFirst Street and Devine AvenueGroveton, TX 75845