Citizens First Bank in Viroqua, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens First Bank in Viroqua, Wisconsin (WI)
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Citizens First Bank - Overview

  • General
  • FDIC Certificate #: 13032
    Status: Active
    Federal Reserve ID: 716954
    Bank Holding Company (Regulatory Top Holder): Firsnabanco, Inc. (RSSDID: 1207561, Location: Viroqua, WI)
    Date Established: January 01, 1912
    WWW: http://www.citizensfirstbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 8238
    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: 101 South Main Street, Viroqua, WI 54665
    County: Vernon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Madison
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $154.8 mil
    Equity capital: $17.0 mil
    Deposits held in domestic offices: $135.1 mil
    Return on assets (ROA): 1.46% ($2.3 mil)
    Quarterly return on assets: 1.81% ($2.8 mil)
    Return on Equity (ROE): 13.63% ($2.3 mil)
    Quarterly return on equity: 16.56% ($2.8 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.46% ($2,260.1 mil)
    Quarterly Pretax return on assets: 1.79% ($2,770.9 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
  • 44Total employees (full-time equivalent)
  • $154,801Total assets
  • $6,922Cash and due from depository institutions
  • $2,686Interest-bearing balances
  • $29,250Securities
  • $161Federal funds sold & reverse repurchase agreements
  • $111,175Net loans & leases
  • $2,230Loan loss allowance
  • $0Trading account assets
  • $4,095Bank premises and fixed assets
  • $286Other real estate owned
  • $1,622Goodwill and other intangibles
  • $154,801Life insurance assets
  • $1,290All other assets
  • $137,781Total liabilities and capital
  • $135,058Total liabilities
  • $112,648Total deposits
  • $135,058Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $223Subordinated debt
  • $17,020All other liabilities
  • $17,020Total equity capital
  • $17,020Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $4,950Surplus
  • $12,020Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,669Income earned, not collected on loans
  • $0Earning assets
  • $663Long-term assets (5+ years)
  • $143,272Average Assets, year-to-date
  • $17,968Average Assets, quarterly
  • $151,519Volatile liabilities
  • $153,938Insider loans
  • $125,789FHLB advances
  • $152,225Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,231Restructured Loans and leases
  • $358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,918Total interest income
  • $1,555Total interest expense
  • $6,363Net interest income
  • $428Provision for loan and lease losses
  • $1,112Total noninterest income
  • $0Fiduciary activities
  • $319Service charges on deposit accounts
  • $0Trading account gains & fees
  • $793Additional noninterest income
  • $4,880Total noninterest expense
  • $2,955Salaries and employee benefits
  • $607Premises and equipment expense
  • $1,318Additional noninterest expense
  • $2,167Pre-tax net operating income
  • $51Securities gains (losses)
  • $13Applicable income taxes
  • $2,205Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,205Net income attributable to bank
  • $0Net charge-offs
  • $2,205Cash dividends
  • $200Sale, conversion, retirement of capital stock, net
  • $900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.47%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 13.63%Return on equity (ROE)
  • 8.06%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 214.00%Credit loss provision to net charge-offs
  • 12.98%Efficiency ratio
  • 65,284Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.82%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 133.61%Noncurrent assets plus other real estate owned to assets
  • 1.26%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 82.32%Net loans and leases to core deposits
  • 85.27%Equity capital to assets
  • 10.99%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 11.61%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $151,519Average earning assets
  • $16,182Average equity
  • $140,662Average loans

List of branches

  • 5 Wisconsin Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08238Citizens First Bank101 South Main Street, Viroqua, WI 54665January 01, 1912Full Service Brick and Mortar
    29147Viola BranchCommercial Street, Viola, WI 54664November 24, 1914Full Service Brick and Mortar
    341811Sparta Branch124 North Court, Sparta, WI 54656June 01, 1934Full Service Brick and Mortar
    4443996Trempealeau Branch24050 Third Street, Trempealeau, WI 54661June 10, 2005Full Service Brick and Mortar
    5465216Centerville BranchW25042 Hwy 54 & 35, Trempealeau, WI 54661September 18, 2006Full Service Brick and Mortar

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