Citizens First Bank in Clinton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens First Bank - Overview

  • General
  • FDIC Certificate #: 35477
    Status: Active
    Federal Reserve ID: 2882983
    Bank Holding Company (Regulatory Top Holder): Cfb Holding Company (RSSDID: 3070013, Location: Clinton, IA)
    Date Established: March 14, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 80561
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 14, 2000
    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: 1442 Lincoln Way, Clinton, IA 52732
    County: Clinton
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Clinton, IA (#17540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $143.6 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $128.0 mil
    Return on assets (ROA): 1.22% ($1.8 mil)
    Quarterly return on assets: 1.31% ($1.9 mil)
    Return on Equity (ROE): 12.61% ($1.8 mil)
    Quarterly return on equity: 13.24% ($1.9 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.28% ($1,838.3 mil)
    Quarterly Pretax return on assets: 1.43% ($2,053.8 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
  • 41Total employees (full-time equivalent)
  • $143,619Total assets
  • $13,625Cash and due from depository institutions
  • $10,546Interest-bearing balances
  • $12,750Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,602Net loans & leases
  • $1,151Loan loss allowance
  • $0Trading account assets
  • $2,092Bank premises and fixed assets
  • $24Other real estate owned
  • $0Goodwill and other intangibles
  • $143,619Life insurance assets
  • $2,526All other assets
  • $129,324Total liabilities and capital
  • $128,013Total liabilities
  • $114,670Total deposits
  • $128,013Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $311Subordinated debt
  • $14,295All other liabilities
  • $14,295Total equity capital
  • $14,295Total bank equity capital
  • $0Perpetual preferred stock
  • $592Common stock
  • $8,193Surplus
  • $5,510Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,017Income earned, not collected on loans
  • $0Earning assets
  • $738Long-term assets (5+ years)
  • $135,898Average Assets, year-to-date
  • $19,118Average Assets, quarterly
  • $139,340Volatile liabilities
  • $142,154Insider loans
  • $141,899FHLB advances
  • $142,672Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,944Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,962Restructured Loans and leases
  • $6,710Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,885Total interest income
  • $1,519Total interest expense
  • $5,366Net interest income
  • $580Provision for loan and lease losses
  • $1,171Total noninterest income
  • $0Fiduciary activities
  • $385Service charges on deposit accounts
  • $0Trading account gains & fees
  • $786Additional noninterest income
  • $4,196Total noninterest expense
  • $2,184Salaries and employee benefits
  • $495Premises and equipment expense
  • $1,517Additional noninterest expense
  • $1,761Pre-tax net operating income
  • $17Securities gains (losses)
  • $77Applicable income taxes
  • $1,701Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,701Net income attributable to bank
  • $0Net charge-offs
  • $1,701Cash dividends
  • $227Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 12.61%Return on equity (ROE)
  • 7.61%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 255.51%Credit loss provision to net charge-offs
  • 10.31%Efficiency ratio
  • 64,188Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.68%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 113.18%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 87.96%Net loans and leases to core deposits
  • 92.50%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 9.77%Tier 1 risk-based capital ratio
  • 9.83%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $139,340Average earning assets
  • $13,490Average equity
  • $131,259Average loans

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080561Citizens First Bank1442 Lincoln Way, Clinton, IA 52732March 14, 2000Full Service Brick and Mortar
    1359886Mid-Town Branch1329 North 2nd Street, Clinton, IA 52732March 12, 2001Full Service Brick and Mortar
    2431160Camanche Branch403 South Washington Boulevard, Camanche, IA 52730August 04, 2004Full Service Brick and Mortar

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