The Citizens Bank of Ashville

26 East Main Street
Ashville, OH 43103
(740) 983-2511
www.citizensbankashville.com

OverView
Rates
Health
Reviews

The Citizens Bank of Ashville is headquartered in Ashville and is the 146^th largest bank in the state of Ohio. It is also the 4,785^th largest bank in the nation. It was established in 1894 and as of September of 2011, it had grown to 32 employees at 4 locations. The Citizens Bank of Ashville has a 4-star health rating.

3.51% Reward Checking Account at The Citizens Bank of Ashville, Ohio - 8/31/2008

Update 10/24/09: The top rate has fallen to 3.51% APY.The Citizens Bank of Ashville is offering a reward checking account that pays 3.51% APY on balances up to $25,000 (1.01% for above) and refunds ATM fees if the following monthly requirements are...

Report an Issue

See Rates for: Checking | Savings | Money Market | CD | IRA

The Citizens Bank of Ashville Checking Account Rates

Apy	Min	Max	Product
2.75%	-	$20k	Choice Rewards Checking - Qualifyinig
0.10%	-	-	Choice Rewards Checking - Non Qualifyiing
0.05%	-	-	Interest Checking
0.05%	-	-	Premier Checking
0.05%	-	-	Small Business Checking

The Citizens Bank of Ashville Savings Account Rates

Apy	Min	Max	Product
0.50%	-	-	Christmas Club
0.05%	-	-	Statement Savings

The Citizens Bank of Ashville Money Market Rates

	Apy	Min	Max	Product
	0.70%	$150k	-	Money Market

The Citizens Bank of Ashville CD Rates

Apy	Min	Max	Product
1.21%	$500	-	84 Month CD
1.21%	$500	-	120 Month CD
1.10%	$500	-	60 Month CD
0.89%	$5k	-	31 Month CD Special
0.86%	$500	-	48 Month CD
0.75%	$500	-	36 Month CD
0.72%	$5k	-	14 Month CD Special
0.68%	$500	-	24 Month CD
0.51%	$500	-	12 Month CD
0.32%	$500	-	6 Month CD
0.10%	$500	-	1 - 3 Month CD
0.10%	$500	-	3 Month CD

The Citizens Bank of Ashville IRA Rates

Apy	Min	Max	Product
1.21%	$500	-	84 Month IRA
1.21%	$500	-	120 Month IRA
1.21%	$500	-	84 Month Roth IRA
1.21%	$500	-	120 Month Roth IRA
1.21%	$500	-	84 Month SEP IRA
1.21%	$500	-	84 Month SIMPLE IRA
1.21%	$500	-	120 Month SEP IRA
1.21%	$500	-	120 Month SIMPLE IRA
1.21%	$500	-	84 Month CESA
1.21%	$500	-	120 Month CESA
1.10%	$500	-	60 Month IRA
1.10%	$500	-	60 Month Roth IRA
1.10%	$500	-	60 Month SEP IRA
1.10%	$500	-	60 Month SIMPLE IRA
1.10%	$500	-	60 Month CESA
1.05%	$5k	-	48 Month IRA Special
1.05%	$5k	-	48 Month Roth IRA Special
1.05%	$5k	-	48 Month SEP IRA Special
1.05%	$5k	-	48 Month SIMPLE IRA Special
1.05%	$5k	-	48 Month CESA Special
0.90%	$5k	-	36 Month IRA Special
0.90%	$5k	-	36 Month Roth IRA Special
0.90%	$5k	-	36 Month SEP IRA Special
0.90%	$5k	-	36 Month SIMPLE IRA Special
0.90%	$5k	-	36 Month CESA Special
0.86%	$500	-	48 Month IRA
0.86%	$500	-	48 Month Roth IRA
0.86%	$500	-	48 Month SEP IRA
0.86%	$500	-	48 Month SIMPLE IRA
0.86%	$500	-	48 Month CESA
0.75%	$500	-	36 Month IRA
0.75%	$500	-	36 Month Roth IRA
0.75%	$500	-	36 Month SEP IRA
0.75%	$500	-	36 Month SIMPLE IRA
0.75%	$500	-	36 Month CESA
0.68%	$500	-	24 Month IRA
0.68%	$500	-	24 Month Roth IRA
0.68%	$500	-	24 Month SEP IRA
0.68%	$500	-	24 Month SIMPLE IRA
0.68%	$500	-	24 Month CESA
0.51%	$500	-	12 Month IRA
0.51%	$500	-	12 Month Roth IRA
0.51%	$500	-	12 Month SEP IRA
0.51%	$500	-	12 Month SIMPLE IRA
0.51%	$500	-	12 Month CESA
0.32%	$500	-	6 Month IRA
0.32%	$500	-	6 Month Roth IRA
0.32%	$500	-	6 Month SEP IRA
0.32%	$500	-	6 Month SIMPLE IRA
0.32%	$500	-	6 Month CESA
0.10%	$500	-	1 - 3 Month IRA
0.10%	$500	-	3 Month IRA
0.10%	$500	-	1 - 3 Month Roth IRA
0.10%	$500	-	3 Month Roth IRA
0.10%	$500	-	1 - 3 Month SEP IRA
0.10%	$500	-	1 - 3 Month SIMPLE IRA
0.10%	$500	-	3 Month SEP IRA
0.10%	$500	-	3 Month SIMPLE IRA
0.10%	$500	-	1 - 3 Month CESA
0.10%	$500	-	3 Month CESA
0.02%	$100	-	18 Month Variable IRA
0.02%	$100	-	18 Month Variable Roth IRA
0.02%	$100	-	18 Month Variable SEP IRA
0.02%	$100	-	18 Month Variable SIMPLE IRA
0.02%	$100	-	18 Month Variable CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

The Citizens Bank of Ashville, Ohio
FDIC Certificate #	13223
BankRate Report	View
Year Established	1894
Employees	32
Primary Regulator	FDIC
Assets and Liabilities
Assets	$106.32 million
Loans	$59.01 million
Deposits	$86.48 million
Equity Capital	$8.29 million
Loan Loss Allowance	$727,000
Unbacked Noncurrent Loans	$976,000
Real Estate Owned	$175,000
Historic Data - September 2010
Assets	$105.06 million
Equity Capital	$9.43 million
Loan Loss Allowance	$490,000
Unbacked Noncurrent Loans	$539,000
Real Estate Owned	$1.12 million
Profit Margin - Quarterly
Net Interest Margin	3.56%
Return on Assets	-1.46%
Return on Equity	-18.58%
Interest Income	$3.30 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 September 30, 2011 The Citizens Bank of Ashville had $1.15 million in non-current loans and owned real-estate with $9.02 million in equity and loan loss allowances on hand to cover it. This gives The Citizens Bank of Ashville a Texas Ratio of 12.76% 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 The Citizens Bank of Ashville decreased slightly from 16.76% as of September 30, 2010 to 12.76% as of September 30, 2011, resulting in a positive change of 23.85%.This indicates that the balance sheet and financial strength for The Citizens Bank of Ashville has improved slightly in recent periods.
Deposit Growth
In the past year, The Citizens Bank of Ashville has increased its total deposits by $5.13 million, resulting in 6.31% 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 The Citizens Bank of Ashville has shown is excellent.
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. The Citizens Bank of Ashville has $106.32 million in assets with $9.02 million in equity, resulting in a capitalization level of 8.48%, which is average.