Citizens Bank in Sac City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Citizens Bank in Sac City, Iowa (IA)
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Citizens Bank - Overview

  • General
  • FDIC Certificate #: 8758
    Status: Active
    Federal Reserve ID: 410944
    Bank Holding Company (Regulatory Top Holder): Citizens Holding Company (RSSDID: 1203835, Location: Sac City, IA)
    Date Established: Febuary 08, 1929
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12611
    FDIC's unique #: 5575
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Fifth And Main Streets, Sac City, IA 50583
    County: Sac
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Sioux City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $45.4 mil
    Equity capital: $4.2 mil
    Deposits held in domestic offices: $34.6 mil
    Return on assets (ROA): 1.48% ($0.7 mil)
    Quarterly return on assets: 0.92% ($0.4 mil)
    Return on Equity (ROE): 16.67% ($0.7 mil)
    Quarterly return on equity: 10.23% ($0.4 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.57% ($712.0 mil)
    Quarterly Pretax return on assets: 1.10% ($498.9 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $45,352Total assets
  • $1,119Cash and due from depository institutions
  • $280Interest-bearing balances
  • $22,884Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $20,335Net loans & leases
  • $218Loan loss allowance
  • $0Trading account assets
  • $270Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $45,352Life insurance assets
  • $744All other assets
  • $41,162Total liabilities and capital
  • $34,587Total liabilities
  • $27,526Total deposits
  • $34,587Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 2150.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,323Trading liabilities
  • $0Other borrowed funds
  • $102Subordinated debt
  • $4,190All other liabilities
  • $4,190Total equity capital
  • $4,190Total bank equity capital
  • $0Perpetual preferred stock
  • $187Common stock
  • $1,263Surplus
  • $2,740Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $145Income earned, not collected on loans
  • $0Earning assets
  • $460Long-term assets (5+ years)
  • $43,499Average Assets, year-to-date
  • $13,765Average Assets, quarterly
  • $44,364Volatile liabilities
  • $46,783Insider loans
  • $26,954FHLB advances
  • $44,810Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,587Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,227Restructured Loans and leases
  • $1,558Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,838Total interest income
  • $372Total interest expense
  • $1,466Net interest income
  • $0Provision for loan and lease losses
  • $297Total noninterest income
  • $2Fiduciary activities
  • $51Service charges on deposit accounts
  • $0Trading account gains & fees
  • $244Additional noninterest income
  • $1,105Total noninterest expense
  • $769Salaries and employee benefits
  • $136Premises and equipment expense
  • $200Additional noninterest expense
  • $658Pre-tax net operating income
  • $37Securities gains (losses)
  • $39Applicable income taxes
  • $656Income before extraordinary items
  • $0Extraordinary gains - net
  • $656Net income attributable to bank
  • $0Net charge-offs
  • $656Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.73%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 1.57%Pretax return on assets
  • 16.67%Return on equity (ROE)
  • 5.23%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,677Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.60%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 150.34%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 58.79%Net loans and leases to core deposits
  • 65.03%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 13.31%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $44,364Average earning assets
  • $3,936Average equity
  • $40,468Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,119Managed Assets
  • 1Number of Accounts
  • $1,591Personal trust and agency accounts
  • $1,591Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 38Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $528Other retirement accounts
  • $224Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $304Fiduciary accounts held in foreign offices

List of branches

  • 2 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05575Citizens BankFifth And Main Streets, Sac City, IA 50583Febuary 08, 1929Full Service Brick and Mortar
    1218904Parking Lot BranchSixth And Williams Streets, Sac City, IA 50583January 08, 1973Full Service Brick and Mortar

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