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Overview / Commentary
182 Main Street
Putnam, CT 06260

The Citizens National Bank is headquartered in Putnam and is the 27th largest bank in the state of Connecticut. It is also the 1,655th largest bank in the nation. It was established in 1924 and as of December of 2013, it had grown to 57 employees at 5 locations. The Citizens National Bank has a A health rating.

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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 The Citizens National Bank had $1.78 million in non-current loans and owned real-estate with $37.72 million in equity and loan loss allowances on hand to cover it. This gives The Citizens National Bank a Texas Ratio of 4.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for The Citizens National Bank decreased dramatically from 7.91% as of December 31, 2012 to 4.73% as of December 31, 2013, resulting in a positive change of 40.19%.This indicates that the balance sheet and financial strength for The Citizens National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, The Citizens National Bank has increased its total deposits by $55.74 million, resulting in 27.09% 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 National Bank 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. The Citizens National Bank has $403.12 million in assets with $37.72 million in equity, resulting in a capitalization level of 9.36%, which is average.

Institution Statistics

FDIC Certificate #2521
Year Established1924
Primary RegulatorOCC
Assets and Liabilities
Assets$403.12 million
Loans$108.96 million
Deposits$261.53 million
Equity Capital$35.34 million
Loan Loss Allowance$2.38 million
Unbacked Noncurrent Loans$1.52 million
Real Estate Owned$262,000
Historic Data - December 2012
Assets$354.85 million
Equity Capital$39.99 million
Loan Loss Allowance$2.37 million
Unbacked Noncurrent Loans$1.52 million
Real Estate Owned$1.21 million
Profit Margin - Quarterly
Net Interest Margin2.79%
Return on Assets0.61%
Return on Equity6.23%
Interest Income$11.37 million

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The Citizens National Bank Savings Account Rates

0.05%$5k-Freedom Savings
0.05%$5k-Business Freedom Savings
0.03%$50-Statement Savings
0.03%$50-Passbook Savings
0.03%--Clicker Club Savings
0.03%--Club Account
0.01%$50-Health Savings Account (HSA)

The Citizens National Bank Money Market Rates

0.07%$1m-Eagle Elite Money Market
0.03%$25k-Eagle Premier Money Market

The Citizens National Bank Checking Account Rates

0.02%--Business Interest Checking
0.02%$1,500-VIP Interest Checking
0.01%--Easy Interest Checking
0.01%--Checking Five-O

The Citizens National Bank CD Rates

1.76%$1k-5 Year CD
1.28%$1k-4 Year CD
0.92%$1k-3 Year CD
0.45%$1k-2 Year CD
0.23%$1k-18 Month CD
0.12%$1k-1 Year CD
0.09%$1k-9 Month CD
0.06%$1k-6 Month CD
0.03%$1k-3 Month CD

The Citizens National Bank IRA Rates

1.76%$1k-5 Year IRA
1.28%$1k-4 Year IRA
0.92%$1k-3 Year IRA
0.45%$1k-2 Year IRA
0.23%$1k-18 Month IRA
0.12%$1k-1 Year IRA
0.09%$1k-9 Month IRA
0.06%$1k-6 Month IRA
0.03%$1k-3 Month IRA

The Citizens National Bank Locations
Brooklyn Branch13 Canterbury RoadBrooklyn, CT 6234
The Woodstock Branch148 Route 171Woodstock, CT 6281
The Citizens National Bank182 Main StreetPutnam, CT 6260
Killingly Branch3 Central StreetDanielson, CT 6239
Thompson Branch865 Riverside DriveGrosvenordale, CT 6255