First Citizens National Bank in Mason City, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 4433
    Status: Active
    Federal Reserve ID: 186744
    Bank Holding Company (Regulatory Top Holder): First Citizens Financial Corp. (RSSDID: 1203509, Location: Mason City, IA)
    Date Established: January 09, 1892
    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: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 11448
    FDIC's unique #: 2929
    Numeric code: 3
    Regulator: OCC
    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: No
    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: 2601 Fourth Street, S.W., Mason City, IA 50401
    County: Cerro Gordo
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Mason City, IA (#32380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,022.1 mil
    Equity capital: $119.5 mil
    Deposits held in domestic offices: $744.4 mil
    Return on assets (ROA): 1.73% ($17.7 mil)
    Quarterly return on assets: 1.51% ($15.4 mil)
    Return on Equity (ROE): 15.13% ($18.2 mil)
    Quarterly return on equity: 12.86% ($15.4 mil)
    Net income: $17.0 mil
    Quarterly Net income: $3.8 mil
    Pretax return on assets: 1.83% ($18,704.0 mil)
    Quarterly Pretax return on assets: 1.59% ($16,251.1 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
  • 181Total employees (full-time equivalent)
  • $1,022,079Total assets
  • $43,959Cash and due from depository institutions
  • $22,001Interest-bearing balances
  • $383,381Securities
  • $30,000Federal funds sold & reverse repurchase agreements
  • $521,272Net loans & leases
  • $8,668Loan loss allowance
  • $0Trading account assets
  • $5,935Bank premises and fixed assets
  • $1,998Other real estate owned
  • $820Goodwill and other intangibles
  • $1,022,079Life insurance assets
  • $34,714All other assets
  • $902,548Total liabilities and capital
  • $744,367Total liabilities
  • $652,465Total deposits
  • $744,367Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 40190.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $114,010Trading liabilities
  • $0Other borrowed funds
  • $3,981Subordinated debt
  • $119,531All other liabilities
  • $119,531Total equity capital
  • $119,531Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $17,966Surplus
  • $97,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,890Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,136Income earned, not collected on loans
  • $142Earning assets
  • $8,651Long-term assets (5+ years)
  • $956,654Average Assets, year-to-date
  • $284,613Average Assets, quarterly
  • $980,984Volatile liabilities
  • $1,008,235Insider loans
  • $628,119FHLB advances
  • $985,334Loans and leases held for sale
  • $14,322Unused loan commitments
  • $11,214Tier 1 (core) risk-based capital
  • $107,078Tier 2 risk-based capital
  • $1,032Total risk weighted assets
  • $2,076Total unused commitments
  • $148,410Restructured Loans and leases
  • $2,176Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $42,603Total interest income
  • $11,162Total interest expense
  • $31,441Net interest income
  • $1,200Provision for loan and lease losses
  • $6,318Total noninterest income
  • $1,637Fiduciary activities
  • $1,474Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,207Additional noninterest income
  • $18,632Total noninterest expense
  • $12,055Salaries and employee benefits
  • $1,614Premises and equipment expense
  • $4,963Additional noninterest expense
  • $17,927Pre-tax net operating income
  • $0Securities gains (losses)
  • $910Applicable income taxes
  • $17,017Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,017Net income attributable to bank
  • $0Net charge-offs
  • $17,017Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $12,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.83%Pretax return on assets
  • 15.13%Return on equity (ROE)
  • 4.46%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1224.49%Credit loss provision to net charge-offs
  • 195.17%Efficiency ratio
  • 49,345Assets per employee
  • 5.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.52%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 276.40%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 70.03%Net loans and leases to core deposits
  • 74.34%Equity capital to assets
  • 11.69%Core capital (leverage) ratio
  • 10.87%Tier 1 risk-based capital ratio
  • 17.05%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $980,984Average earning assets
  • $112,453Average equity
  • $919,975Average 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
  • $355,124Managed Assets
  • 1Number of Accounts
  • $259,872Personal trust and agency accounts
  • $162,618Employee benefit-defined contribution accounts
  • $38,056Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,641Corporate trust and agency accounts
  • $17,327Investment management agency accounts
  • $24,221Other fiduciary accounts
  • $10,999Fiduciary accounts held in foreign offices
  • $10Non-managed Assets
  • 431Number of Accounts
  • $0Personal trust and agency accounts
  • $6,641Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $95,252Other retirement accounts
  • $48,929Corporate trust and agency accounts
  • $22,216Other fiduciary accounts
  • $6,852Fiduciary accounts held in foreign offices

List of branches

  • 10 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02929First Citizens National Bank2601 Fourth Street, S.W., Mason City, IA 50401January 09, 1892Full Service Brick and Mortar
    32930Clarion Branch120 First Avenue, N.W., Clarion, IA 50525October 01, 1887Full Service Brick and Mortar
    68316Kanawha Branch220 North Main Street, Kanawha, IA 50447January 01, 1800Full Service Brick and Mortar
    7203692Latimer Branch117 North Akir, Latimer, IA 50452January 15, 1987Full Service Brick and Mortar
    8203693Drive-Up Branch1123 Central Avenue East, Clarion, IA 50525March 21, 1994Limited Service Facility
    92964Osage Branch501 Main Street, Osage, IA 50461January 01, 1856Full Service Brick and Mortar
    109328New Hampton Branch124 West Main, New Hampton, IA 50659September 19, 1929Full Service Brick and Mortar
    12232393Alta Vista Branch103 South White Avenue, Alta Vista, IA 50603September 03, 1991Full Service Brick and Mortar
    13203690300 Main Branch300 North Main Street, Charles City, IA 50616December 05, 1994Full Service Brick and Mortar
    14203691Downtown Branch33 East State Street, Mason City, IA 50401December 06, 1996Limited Service Facility

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