Citizens Bank and Trust Company


Citizens Bank and Trust Company is an FDIC insured institution headquartered at 126 S Main St, Blackstone, VA 23824.
It was founded in 1873 and has approximately $1 billion in assets. Customers can open an account at one of its 11 branches.

Deposit Rates - June 19, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.20% $1,000 Compare
12 Mo CD
0.25% $1,000 Compare
18 Mo CD
0.25% $1,000 Compare
24 Mo CD
0.30% $1,000 Compare
30 Mo CD
0.30% $1,000 Compare
Special: 36 Mo CD
0.50% $500 Compare
36 Mo CD
0.35% $1,000 Compare
48 Mo CD
0.40% $1,000 Compare
60 Mo CD
0.75% $1,000 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $1

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 823
Date Established 1873
Assets $ 554.13 million
Loans $ 249.28 million
Deposits $ 484.77 million
Capital $ 59.27 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 7.65 million
Interest-bearing balances $ 0.43 million
Total securities $ 226.10 million
Federal funds sold and reverse repurchase $ 39.67 million
Net loans and leases $ 249.28 million
Loan loss allowance $ 2.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.63 million
Goodwill and other intangibles N.A.
All other assets $ 21.79 million
     Total Assets $ 494.86 million

LIABILITIES
Total deposits $ 484.77 million
      Interest-bearing deposits $ 370.61 million
      Deposits held in domestic offices $ 484.77 million
      % insured (estimated) 76.35%
Federal funds purchased and repurchase agreements $ 5.63 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.96 millionn
      Total Liabilities $ 494.86 million
      Shareholders’ Equity $ 59.27 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 22.97 million
Total Interest Expense $ 2.63 million
Net interest income $ 20.34 million
Provision for loan and lease losses $ 0.21 million
Total non interest income $ 3.44 million
Total non interest expense $ 12.41 million
Pre-tax Net Operating Income $ 4.35 million

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Branches

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Your current location is: Ashburn, VA

Citizens Bank and Trust Company Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL SAVINGS
    Bank
    VIRGINIA
    $50,000
    N.A.
    0.20%
    0.91x (National Avg. - 0.22%)
    $1
    -
    SCENARIO
    Year Rate
    0.20%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 100 70
    2 50,100 100 70
    3 50,200 100 70
    4 50,301 101 70
    5 50,401 101 71
    6 50,502 101 71
    7 50,603 101 71
    8 50,704 101 71
    9 50,806 102 71
    10 50,907 102 71
    11 51,009 102 71
    12 51,111 102 72
    13 51,213 102 72
    14 51,316 103 72
    15 51,418 103 72
    16 51,521 103 72
    17 51,624 103 72
    18 51,727 103 72
    19 51,831 104 73
    20 51,935 104 73
    TOTAL $2,038 $1,427
  • 2
    LOCAL SAVINGS
    Bank
    -
    $50,000
    N.A.
    5.10%
    23.18x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    5.10%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,550 1,785
    2 52,550 2,680 1,876
    3 55,230 2,817 1,972
    4 58,047 2,960 2,072
    5 61,007 3,111 2,178
    6 64,119 3,270 2,289
    7 67,389 3,437 2,406
    8 70,825 3,612 2,528
    9 74,437 3,796 2,657
    10 78,234 3,990 2,793
    11 82,224 4,193 2,935
    12 86,417 4,407 3,085
    13 90,824 4,632 3,242
    14 95,456 4,868 3,408
    15 100,325 5,117 3,582
    16 105,441 5,378 3,764
    17 110,819 5,652 3,956
    18 116,471 5,940 4,158
    19 122,411 6,243 4,370
    20 128,654 6,561 4,593
    TOTAL $85,215 $59,650
  • 3
    LOCAL SAVINGS
    Bank
    -
    $50,000
    N.A.
    5.30%
    24.09x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    5.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319
  • 4
    ONLINE SAVINGS
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    20.45x (National Avg. - 0.22%)
    $1
    -
    SCENARIO
    Year Rate
    4.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410