3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

Citizens State Bank (FL)

Citizens State Bank (FL) Locations
2000 South Byron Butler Parkway
Perry, FL 32348
(850) 584-4411
www.csbdirect.com

FDIC

Citizens State Bank (FL) is headquartered in Perry and is the 157th largest bank in the state of Florida. It is also the 4,219st largest bank in the nation. It was established in 1958 and as of December of 2012, it had grown to 41 employees at 4 locations. Citizens State Bank (FL) has a 4-star health rating.

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2012



We are currently reviewing the rates for Citizens State Bank (FL) for accuracy. Please check back in a few hours.

Data for Q4 2012


Institution Statistics


Citizens State Bank
FDIC Certificate #17880
BankRate ReportView
Year Established1958
Employees41
Primary RegulatorFDIC

Assets and Liabilities

Assets$128.78 million
Loans$92.08 million
Deposits$117.83 million
Equity Capital$10.74 million
Loan Loss Allowance$941,000
Unbacked Noncurrent Loans$1.98 million
Real Estate Owned$1.48 million

Historic Data - December 2011

Assets$101.38 million
Equity Capital$10.12 million
Loan Loss Allowance$900,000
Unbacked Noncurrent Loans$2.63 million
Real Estate Owned$2.21 million

Profit Margin - Quarterly

Net Interest Margin5.17%
Return on Assets0.67%
Return on Equity7.25%
Interest Income$6.17 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2012 Citizens State Bank (FL) had $3.46 million in non-current loans and owned real-estate with $11.68 million in equity and loan loss allowances on hand to cover it. This gives Citizens State Bank (FL) a Texas Ratio of 29.64% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Citizens State Bank (FL) decreased slightly from 43.87% as of December 31, 2011 to 29.64% as of December 31, 2012, resulting in a positive change of 32.44%.This indicates that the balance sheet and financial strength for Citizens State Bank (FL) has improved slightly in recent periods.
Deposit Growth5
In the past year, Citizens State Bank (FL) has increased its total deposits by $26.75 million, resulting in 29.37% 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.
Capitalization3
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 $128.78 million in assets with $11.68 million in equity, resulting in a capitalization level of 9.07%, which is average.
Write Review

Steer Clear Of This One
1 stars - Bungalow - Friday, October 14, 2011 - 11:55 AM

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???

8

Great Rates & Service
5 stars - GaryD - Thursday, December 22, 2011 - 6:32 PM

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.

3
 
Nationwide Savings Accounts
Featured Accounts
CIT Bank
3-year Term IRA CD
1.21% APY

CIT Bank
* All banks listed are a Member FDIC.