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Overview / Commentary
936-398-2566
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 4,324th largest bank in the nation. It was established in 1919 and as of March of 2014, it had grown to 30 employees at 2 locations. Citizens State Bank (Corrigan, TX) has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 State Bank (Corrigan, TX) had $276,000 in non-current loans and owned real-estate with $12.32 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (Corrigan, TX) a Texas Ratio of 2.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Citizens State Bank (Corrigan, TX) decreased dramatically from 9.87% as of March 31, 2013 to 2.24% as of March 31, 2014, resulting in a positive change of 77.31%.This indicates that the balance sheet and financial strength for Citizens State Bank (Corrigan, TX) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Citizens State Bank (Corrigan, TX) has increased its total deposits by $8.58 million, resulting in 8.81% 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.

Capitalization

GRADE:
B+

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 $118.14 million in assets with $12.32 million in equity, resulting in a capitalization level of 10.43%, which is above average.

Institution Statistics

Overall
FDIC Certificate #11905
Year Established1919
Employees30
Primary RegulatorFDIC
Assets and Liabilities
Assets$118.14 million
Loans$57.42 million
Deposits$106.00 million
Equity Capital$11.66 million
Loan Loss Allowance$664,000
Unbacked Noncurrent Loans$216,000
Real Estate Owned$60,000
Historic Data - March 2013
Assets$109.69 million
Equity Capital$11.89 million
Loan Loss Allowance$604,000
Unbacked Noncurrent Loans$216,000
Real Estate Owned$111,000
Profit Margin - Quarterly
Net Interest Margin4.23%
Return on Assets1.84%
Return on Equity18.82%
Interest Income$1.28 million
Rates
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Citizens State Bank (Corrigan, TX) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-Savings Account

Citizens State Bank (Corrigan, TX) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$1k-Money Market

Citizens State Bank (Corrigan, TX) Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-NOW Account
Locations


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