Citizens First National Bank in Princeton, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens First National Bank - Overview

  • General
  • FDIC Certificate #: 3731
    Status: Active
    Federal Reserve ID: 669443
    Bank Holding Company (Regulatory Top Holder): Princeton National Bancorp, Inc. (RSSDID: 1207600, Location: Princeton, IL)
    Date Established: January 01, 1865
    WWW: http://www.citizens1st.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Domestic: 20, Interstate: No)
    OTS Docket #: 14330
    FDIC's unique #: 2396
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 23, 2007
    Last Structure Change Process Date: May 29, 2007
    Last Data Update: May 29, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 606 South Main Street, Princeton, IL 61356
    County: Bureau
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $1,031.8 mil
    Equity capital: $49.1 mil
    Deposits held in domestic offices: $917.3 mil
    Return on assets (ROA): -3.13% (-$32.3 mil)
    Quarterly return on assets: -5.79% (-$59.8 mil)
    Return on Equity (ROE): -47.32% (-$23.2 mil)
    Quarterly return on equity: -107.38% (-$52.6 mil)
    Net income: -$33.4 mil
    Quarterly Net income: -$15.2 mil
    Pretax return on assets: -2.50% (-$25,794.5 mil)
    Quarterly Pretax return on assets: -6.04% (-$62,319.4 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
  • 306Total employees (full-time equivalent)
  • $1,031,778Total assets
  • $63,295Cash and due from depository institutions
  • $46,988Interest-bearing balances
  • $261,584Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $610,038Net loans & leases
  • $21,659Loan loss allowance
  • $0Trading account assets
  • $28,014Bank premises and fixed assets
  • $21,848Other real estate owned
  • $4,514Goodwill and other intangibles
  • $1,031,778Life insurance assets
  • $42,485All other assets
  • $982,661Total liabilities and capital
  • $917,349Total liabilities
  • $745,375Total deposits
  • $917,349Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 54835.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $5,477Subordinated debt
  • $49,117All other liabilities
  • $49,117Total equity capital
  • $49,117Total bank equity capital
  • $0Perpetual preferred stock
  • $9,905Common stock
  • $61,063Surplus
  • $-21,851Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $93,553Income earned, not collected on loans
  • $3,412Earning assets
  • $6,443Long-term assets (5+ years)
  • $918,610Average Assets, year-to-date
  • $210,322Average Assets, quarterly
  • $1,068,707Volatile liabilities
  • $1,050,652Insider loans
  • $703,646FHLB advances
  • $1,059,091Loans and leases held for sale
  • $24,329Unused loan commitments
  • $24,329Tier 1 (core) risk-based capital
  • $41,598Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $96,510Restructured Loans and leases
  • $1,950Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,569Total interest income
  • $6,417Total interest expense
  • $36,152Net interest income
  • $34,595Provision for loan and lease losses
  • $7,639Total noninterest income
  • $1,073Fiduciary activities
  • $3,651Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,915Additional noninterest income
  • $38,593Total noninterest expense
  • $18,382Salaries and employee benefits
  • $4,284Premises and equipment expense
  • $15,927Additional noninterest expense
  • -$29,397Pre-tax net operating income
  • $2,692Securities gains (losses)
  • $6,716Applicable income taxes
  • -$33,421Income before extraordinary items
  • $0Extraordinary gains - net
  • -$33,421Net income attributable to bank
  • $0Net charge-offs
  • -$33,421Cash dividends
  • $42,662Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -3.38%Net operating income to assets
  • -3.13%Return on assets (ROA)
  • -2.50%Pretax return on assets
  • -47.32%Return on equity (ROE)
  • -47.32%Retained earnings to average equity (YTD only)
  • 6.40%Net charge-offs to loans
  • 81.09%Credit loss provision to net charge-offs
  • 0.12%Efficiency ratio
  • 86,662Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.43%Loss allowance to noncurrent loans
  • 23.15%Noncurrent assets plus other real estate owned to assets
  • 11.18%Noncurrent loans to loans
  • 14.81%Net loans and leases to deposits
  • 66.50%Net loans and leases to core deposits
  • 70.20%Equity capital to assets
  • 4.76%Core capital (leverage) ratio
  • 3.93%Tier 1 risk-based capital ratio
  • 5.91%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $1,068,707Average earning assets
  • $70,627Average equity
  • $948,950Average 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
  • $148,802Managed Assets
  • 1Number of Accounts
  • $129,525Personal trust and agency accounts
  • $44,388Employee benefit-defined contribution accounts
  • $936Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $16,378Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $42,721Other fiduciary accounts
  • $22,314Fiduciary accounts held in foreign offices
  • $2,788Non-managed Assets
  • 571Number of Accounts
  • $0Personal trust and agency accounts
  • $16,175Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $19,277Other retirement accounts
  • $0Corporate trust and agency accounts
  • $5,552Other fiduciary accounts
  • $5,868Fiduciary accounts held in foreign offices

List of branches

  • 20 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02396Citizens First National Bank606 South Main Street, Princeton, IL 61356January 01, 1865Full Service Brick and Mortar
    2201823Citizens East Facility423 South Sixth Street, Princeton, IL 61356June 06, 1977Limited Service Facility
    6257756Depue Branch219 West Fourth Street, Depue, IL 61322Febuary 08, 1984Full Service Brick and Mortar
    713774Peru Branch925 Shooting Park Road, Peru, IL 61354October 06, 1969Full Service Brick and Mortar
    8284139Citizens North Facility2101 North Main Street, Princeton, IL 61356January 01, 1961Full Service Brick and Mortar
    944139Spring Valley Branch100 East Dakota Street, Spring Valley, IL 61362January 01, 1961Full Service Brick and Mortar
    11284492Henry Branch624 Second Street, Henry, IL 61537January 01, 1917Full Service Brick and Mortar
    126918Genoa Branch327 West Main Street, Genoa, IL 60135May 01, 1930Full Service Brick and Mortar
    13201824Oglesby Branch501 West Walnut Street, Oglesby, IL 61348May 01, 1994Limited Service Facility
    14201825Minooka Branch500 Bob Blair Road, Minooka, IL 60447November 21, 1994Full Service Brick and Mortar
    15201826Hampshire Branch819 Warner Street, Hampshire, IL 60140July 06, 1995Full Service Brick and Mortar
    1644542Sandwich Facility200 East Church Street, Sandwich, IL 60548June 24, 1974Full Service Brick and Mortar
    17359604Huntley Branch12101 Regency Square Parkway, Huntley, IL 60142January 30, 2001Full Service Brick and Mortar
    186447Somonauk Branch128 South Depot Street, Somonauk, IL 60552January 25, 1900Full Service Brick and Mortar
    19221796Sandwich County Line Branch21 Gletty Road, Sandwich, IL 60548December 04, 1995Full Service Brick and Mortar
    203919Newark BranchRoute 71 And Union Street, Newark, IL 60541January 01, 1921Full Service Brick and Mortar
    21208092Millbrook Branch8225 Fox River Drive, Millbrook, IL 60536January 15, 1996Full Service Brick and Mortar
    22453406Plano Branch11500 E. Route 34, Plano, IL 60545October 14, 2005Full Service Brick and Mortar
    23453407Aurora Branch1575 Ogden Avenue, Aurora, IL 60503May 01, 2006Full Service Brick and Mortar
    24362164Plainfield Branch14429 South Route 30, Plainfield, IL 60544August 14, 2000Full Service Brick and Mortar

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