First and Citizens Bank

First and Citizens Bank is headquartered in Monterey and is the 96^th largest bank in the state of Virginia. It is also the 4,550^th largest bank in the nation. It was established in 1929 and as of March of 2012, it had grown to 28 employees at 3 locations. First and Citizens Bank's money market rates are 14% higher than the national average, and it has a 4-star health rating.

First and Citizens Bank Routing Number: 051402958

First and Citizens Bank Checking Account Rates

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First and Citizens Bank Money Market Rates

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Data for Q1 2012

Institution Statistics First and Citizens Bank FDIC Certificate # 13011 BankRate Report View Year Established 1929 Employees 28 Primary Regulator FDIC Assets and Liabilities Assets $115.94 million Loans $70.66 million Deposits $102.97 million Equity Capital $12.66 million Loan Loss Allowance $956,000 Unbacked Noncurrent Loans $1.18 million Real Estate Owned $188,000 Historic Data - March 2011 Assets $116.68 million Equity Capital $12.05 million Loan Loss Allowance $839,000 Unbacked Noncurrent Loans $600,000 Real Estate Owned $338,000 Profit Margin - Quarterly Net Interest Margin 3.53% Return on Assets 0.5% Return on Equity 4.64% Interest Income $1.29 million

Institution Health Overall Score: 4 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 March 31, 2012 First and Citizens Bank had $1.37 million in non-current loans and owned real-estate with $13.62 million in equity and loan loss allowances on hand to cover it. This gives First and Citizens Bank a Texas Ratio of 10.06% 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 First and Citizens Bank held steady from 7.28% as of March 31, 2011 to 10.06% as of March 31, 2012, resulting in a negative change of 38.27%. This indicates that the balance sheet and financial strength for First and Citizens Bank has held steady in recent periods. Deposit Growth In the past year, First and Citizens Bank has decreased its total deposits by $-368,000, resulting in -0.36% 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 First and Citizens Bank has shown is 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. First and Citizens Bank has $115.94 million in assets with $13.62 million in equity, resulting in a capitalization level of 11.74%, which is above average.

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