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Overview / Commentary
421 Pile Street
Clovis, NM 88101

The Citizens Bank of Clovis is headquartered in Clovis and is the 12st largest bank in the state of New Mexico. It is also the 2,052nd largest bank in the nation. It was established in 1916 and as of December of 2013, it had grown to 57 employees at 5 locations. The Citizens Bank of Clovis' money market rates are 2X the national average, and it has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 The Citizens Bank of Clovis had $36,000 in non-current loans and owned real-estate with $28.97 million in equity and loan loss allowances on hand to cover it. This gives The Citizens Bank of Clovis a Texas Ratio of 0.12% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for The Citizens Bank of Clovis experienced no significant changes from 0.10% as of December 31, 2012 to 0.12% as of December 31, 2013, resulting in a negative change of 21.62%. This indicates that the balance sheet and financial strength for The Citizens Bank of Clovis has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Citizens Bank of Clovis has increased its total deposits by $14.48 million, resulting in 5.49% 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 Clovis has shown is excellent.

Capitalization

GRADE:
C+

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 Clovis has $317.6 million in assets with $28.97 million in equity, resulting in a capitalization level of 9.12%, which is average.

Institution Statistics

Overall
FDIC Certificate #11491
Year Established1916
Employees57
Primary RegulatorFDIC
Assets and Liabilities
Assets$317.60 million
Loans$127.79 million
Deposits$278.43 million
Equity Capital$27.48 million
Loan Loss Allowance$1.50 million
Unbacked Noncurrent Loans$36,000
Real Estate Owned$0
Historic Data - December 2012
Assets$325.09 million
Equity Capital$38.65 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$36,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.95%
Return on Assets1.29%
Return on Equity13.39%
Interest Income$11.09 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Citizens Bank of Clovis, we are a rate comparison website and can not provide official rates or promotions.

The Citizens Bank of Clovis Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.90%$50-Individual Retirement Account
0.50%$150-Regular Savings Account

The Citizens Bank of Clovis Money Market Rates

DetailsAPYMINMAXPRODUCT
0.90%$100k-Money Market Account
0.90%$100k-IRA Money Market Deposit Account

The Citizens Bank of Clovis Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-N.O.W. Account

The Citizens Bank of Clovis CD Rates

DetailsAPYMINMAXPRODUCT
1.65%$1k-48 Month CD
1.40%$1k-36 Month CD
1.10%$1k-24 Month CD
0.90%$1k-1 Year CD
0.90%$1k-1 1/2 Year CD
0.75%$1k-6 Month CD
0.75%$1k-30 Month CD
0.26%$1k-7-31 Day Renewable CD
0.25%$1k-3 Month CD
Locations


The Citizens Bank of Clovis Locations
Fort Sumner Branch105 E. Sumner AvenueFort Sumner, NM 88119
Texico Branch420 Wheeler AvenueTexico, NM 88135
The Citizens Bank Of Clovis5th and Pile StreetsClovis, NM 88101
East 21st Street Branch800 East 21st StreetClovis, NM 88101
Clovis BranchMain Street and Commerce WayClovis, NM 88101