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Overview / Commentary
2000 South Byron Butler Parkway
Perry, FL 32348

Citizens State Bank (FL) is headquartered in Perry and is the 127th largest bank in the state of Florida. It is also the 3,143rd largest bank in the nation. It was established in 1958 and as of December of 2013, it had grown to 46 employees at 4 locations. Citizens State Bank (FL) has a B+ health rating.

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Reviews (3)

Steer Clear Of This One

CSR advises they will not open an account at bank if you do not reside within a 50 mile radius. Very limited website - tabs link to non-bank website???

Great Rates & Service

Citizens State Bank provided very competitive rates for my interest bearing checking account as well as my business loan.  They provide great rates but their customer service really sets them apart from other banks.  I have never experienced such personal and knowledgeable service like Citizens State Bank provides.  Great choice for myself and I would definitely recommend to others.

Not Business Friendly...

Not really interested in business accounts that are not local. Require physical visit to branch to open account.


Data for Q4 2013

Institution Health


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 December 31, 2013 Citizens State Bank (FL) had $3.44 million in non-current loans and owned real-estate with $16.61 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (FL) a Texas Ratio of 20.72% which is above average. 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 (FL) decreased dramatically from 29.64% as of December 31, 2012 to 20.72% as of December 31, 2013, resulting in a positive change of 30.11%.This indicates that the balance sheet and financial strength for Citizens State Bank (FL) has improved dramatically in recent periods.

Deposit Growth


In the past year, Citizens State Bank (FL) has increased its total deposits by $57.38 million, resulting in 48.7% 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 (FL) 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 (FL) has $191.44 million in assets with $16.61 million in equity, resulting in a capitalization level of 8.68%, which is average.

Institution Statistics

FDIC Certificate #17880
Year Established1958
Primary RegulatorFDIC
Assets and Liabilities
Assets$191.44 million
Loans$150.48 million
Deposits$175.20 million
Equity Capital$15.10 million
Loan Loss Allowance$1.51 million
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$968,000
Historic Data - December 2012
Assets$128.78 million
Equity Capital$10.74 million
Loan Loss Allowance$941,000
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$1.48 million
Profit Margin - Quarterly
Net Interest Margin5.64%
Return on Assets1.26%
Return on Equity16.14%
Interest Income$10.68 million

Always verify rates and promotions with the bank or credit union. We are not Citizens State Bank (FL), we are a rate comparison website and can not provide official rates or promotions.

Citizens State Bank (FL) Savings Account Rates

0.15%$100-Internet Savings

Citizens State Bank (FL) Money Market Rates

0.25%$100k-Institution Money Market
0.25%$100k-Government Money Market
0.25%$10k-Internet Money Market Deposit Account
0.25%$10k-Business Internet Money Market Deposit Account

Citizens State Bank (FL) Checking Account Rates

0.15%$5k-Interest Checking

Citizens State Bank (FL) CD Rates

1.05%$100k-60 Month CD
1.05%$100k-Business 60 Month CD
0.94%$100k-48 Month CD
0.94%$100k-Business 48 Month CD
0.74%$100k-36 Month CD
0.74%$100k-Business 36 Month CD
0.59%$1k-60 Month Gov't CD
0.54%$100k-24 Month CD
0.54%$100k-Business 24 Month CD
0.44%$100k-12 Month CD
0.44%$100k-Business 12 Month CD
0.40%$1k-48 Month Gov't CD
0.30%$100k-6 Month CD
0.30%$1k-36 Month Gov't CD
0.30%$100k-Business 6 Month CD
0.20%$1k-24 Month Gov't CD
0.15%$1k-12 Month Gov't CD
0.10%$1k-6 Month Gov't CD

Citizens State Bank (FL) Locations
Citizens State Bank2000 South Byron Butler ParkwayPerry, FL 32348
Madison Branch424 West Base StreetMadison, FL 32340
Gainesville Branch6450 S.W. Archer RoadGainesville, FL 32608
Steinhatchee Branch913 First Avenue, SoutheastSteinhatchee, FL 32359