Citizens Bank in Sac City, Iowa (IA)

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Citizens Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)14
Total assets$45,352
Cash and due from depository institutions$1,119
Interest-bearing balances$280
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$20,335
Loan loss allowance $218
Trading account assets$0
Bank premises and fixed assets$270
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$744
Life insurance assets$45,352
Total liabilities and capital$41,162
Total liabilities$34,587
Total deposits$27,526
Interest-bearing deposits$34,587
Deposits held in domestic offices$86
% insured (estimated)2150.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,323
Other borrowed funds $0
Subordinated debt $102
All other liabilities $4,190
Total equity capital$4,190
Total bank equity capital$4,190
Perpetual preferred stock$0
Common stock$187
Undivided profits $2,740
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $145
Earning assets $0
Long-term assets (5+ years) $460
Average Assets, year-to-date $43,499
Average Assets, quarterly $13,765
Volatile liabilities $44,364
Insider loans $46,783
FHLB advances $26,954
Loans and leases held for sale $44,810
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,587
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,227
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,838
Total interest expense $372
Net interest income $1,466
Provision for loan and lease losses $0
Total noninterest income $297
Fiduciary activities $2
Service charges on deposit accounts $51
Trading account gains & fees $0
Additional noninterest income $244
Total noninterest expense $1,105
Salaries and employee benefits $769
Premises and equipment expense $136
Additional noninterest expense $200
Pre-tax net operating income $658
Securities gains (losses) $37
Applicable income taxes $39
Income before extraordinary items $656
Extraordinary gains - net $0
Net income attributable to bank $656
Net charge-offs $0
Cash dividends $656
Sale, conversion, retirement of capital stock, net -$3
Net operating income $450
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.54%
Cost of funding earning assets 0.92%
Net interest margin 3.62%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 2.73%
Net operating income to assets 1.40%
Return on assets (ROA) 1.48%
Pretax return on assets 1.57%
Return on equity (ROE) 16.67%
Retained earnings to average equity (YTD only) 5.23%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$62,677
Cash dividends to net income (YTD only)3.24%
Condition Ratios (%)
Loss allowance to loans 68.60%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 150.34%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 58.79%
Equity capital to assets 65.03%
Core capital (leverage) ratio 9.24%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 13.31%
Average assets$14
Average earning assets$44,364
Average equity $3,936
Average loans $40,468
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$2,119
Number of Accounts1
Personal trust and agency accounts$1,591
Employee benefit-defined contribution accounts$1,591
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts38
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$528
Corporate trust and agency accounts$224
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$304
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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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