The Citizens National Bank

The Citizens National Bank is headquartered in Putnam and is the 28^th largest bank in the state of Connecticut. It is also the 1,825^th largest bank in the nation. It was established in 1924 and as of March of 2013, it had grown to 56 employees at 5 locations. The Citizens National Bank has a 5-star health rating.

The Citizens National Bank Routing Number: 011110743

Data for Q1 2013

Institution Statistics The Citizens National Bank FDIC Certificate # 2521 BankRate Report View Year Established 1924 Employees 56 Primary Regulator OCC Assets and Liabilities Assets $363.27 million Loans $97.49 million Deposits $217.14 million Equity Capital $39.78 million Loan Loss Allowance $2.50 million Unbacked Noncurrent Loans $2.19 million Real Estate Owned $611,000 Historic Data - March 2012 Assets $342.50 million Equity Capital $36.82 million Loan Loss Allowance $2.60 million Unbacked Noncurrent Loans $2.90 million Real Estate Owned $1.61 million Profit Margin - Quarterly Net Interest Margin 2.84% Return on Assets 0.55% Return on Equity 4.95% Interest Income $2.72 million

Institution Health Overall Score: 5 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, 2013 The Citizens National Bank had $2.8 million in non-current loans and owned real-estate with $42.28 million in equity and loan loss allowances on hand to cover it. This gives The Citizens National Bank a Texas Ratio of 6.63% 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 significantly from 11.45% as of March 31, 2012 to 6.63% as of March 31, 2013, resulting in a positive change of 42.08%.This indicates that the balance sheet and financial strength for The Citizens National Bank has improved significantly in recent periods. Deposit Growth In the past year, The Citizens National Bank has increased its total deposits by $17.67 million, resulting in 8.86% 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. 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 National Bank has $363.27 million in assets with $42.28 million in equity, resulting in a capitalization level of 11.64%, which is above average.

No reviews have been left for this bank yet. Be the first to review.