The Citizens Banking Company in Sandusky, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens Banking Company - Overview

  • General
  • FDIC Certificate #: 12982
    Status: Active
    Federal Reserve ID: 542528
    Bank Holding Company (Regulatory Top Holder): First Citizens Banc Corp (RSSDID: 1246533, Location: Sandusky, OH)
    Date Established: March 01, 1884
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 28 (Domestic: 28, Interstate: No)
    OTS Docket #: 10461
    FDIC's unique #: 8205
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 18, 2007
    Last Structure Change Process Date: January 02, 2008
    Last Data Update: January 02, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Water Street, Sandusky, OH 44870
    County: Erie
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Sandusky, OH (#41780)
    CBSA Metro Statistical Area: Sandusky, OH (#41780)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,108.0 mil
    Equity capital: $112.7 mil
    Deposits held in domestic offices: $909.0 mil
    Return on assets (ROA): 0.54% ($6.0 mil)
    Quarterly return on assets: 0.72% ($8.0 mil)
    Return on Equity (ROE): 5.42% ($6.1 mil)
    Quarterly return on equity: 7.20% ($8.1 mil)
    Net income: $5.9 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 0.70% ($7,755.7 mil)
    Quarterly Pretax return on assets: 0.98% ($10,857.9 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
  • 300Total employees (full-time equivalent)
  • $1,107,953Total assets
  • $52,123Cash and due from depository institutions
  • $31,590Interest-bearing balances
  • $203,957Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $764,609Net loans & leases
  • $21,257Loan loss allowance
  • $0Trading account assets
  • $16,913Bank premises and fixed assets
  • $1,097Other real estate owned
  • $25,891Goodwill and other intangibles
  • $1,107,953Life insurance assets
  • $43,363All other assets
  • $983,727Total liabilities and capital
  • $908,966Total liabilities
  • $711,864Total deposits
  • $908,966Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 19029.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $50,295Trading liabilities
  • $0Other borrowed funds
  • $5,437Subordinated debt
  • $124,226All other liabilities
  • $112,726Total equity capital
  • $112,726Total bank equity capital
  • $0Perpetual preferred stock
  • $14,594Common stock
  • $123,884Surplus
  • $-25,752Undivided profits
  • Memoranda
  • $11,500Noncurrent loans and leases
  • $598Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,069Income earned, not collected on loans
  • $378Earning assets
  • $3,787Long-term assets (5+ years)
  • $1,000,156Average Assets, year-to-date
  • $447,557Average Assets, quarterly
  • $1,108,854Volatile liabilities
  • $1,124,171Insider loans
  • $753,396FHLB advances
  • $1,097,683Loans and leases held for sale
  • $17,963Unused loan commitments
  • $12,793Tier 1 (core) risk-based capital
  • $92,133Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,170Total unused commitments
  • $137,771Restructured Loans and leases
  • $12,647Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,861Total interest income
  • $6,730Total interest expense
  • $42,131Net interest income
  • $9,800Provision for loan and lease losses
  • $10,183Total noninterest income
  • $1,509Fiduciary activities
  • $4,550Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,124Additional noninterest income
  • $33,828Total noninterest expense
  • $18,103Salaries and employee benefits
  • $4,252Premises and equipment expense
  • $11,473Additional noninterest expense
  • $8,686Pre-tax net operating income
  • -$8Securities gains (losses)
  • $1,869Applicable income taxes
  • $6,809Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,942Net income attributable to bank
  • $867Net charge-offs
  • $6,809Cash dividends
  • $10,311Sale, conversion, retirement of capital stock, net
  • $2,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 4.22%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.42%Return on equity (ROE)
  • 3.14%Retained earnings to average equity (YTD only)
  • 1.34%Net charge-offs to loans
  • 95.04%Credit loss provision to net charge-offs
  • 1.79%Efficiency ratio
  • 62,442Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.07%Loss allowance to loans
  • 2.70%Loss allowance to noncurrent loans
  • 78.53%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 3.44%Net loans and leases to deposits
  • 84.12%Net loans and leases to core deposits
  • 90.60%Equity capital to assets
  • 10.17%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 12.23%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,108,854Average earning assets
  • $109,581Average equity
  • $998,759Average 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
  • $237,954Managed Assets
  • 1Number of Accounts
  • $190,604Personal trust and agency accounts
  • $55,682Employee benefit-defined contribution accounts
  • $3,753Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $29,840Corporate trust and agency accounts
  • $9Investment management agency accounts
  • $101,320Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 379Number of Accounts
  • $0Personal trust and agency accounts
  • $29,840Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $47,350Other retirement accounts
  • $204Corporate trust and agency accounts
  • $402Other fiduciary accounts
  • $44,262Fiduciary accounts held in foreign offices

List of branches

  • 28 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08205The Citizens Banking Company100 East Water Street, Sandusky, OH 44870March 01, 1884Full Service Brick and Mortar
    1228683Perkins Branch702 West Perkins Avenue, Perkins Township, OH 44870June 27, 1960Full Service Brick and Mortar
    3228685East Perkins Branch1907 East Perkins Avenue, Perkins Township, OH 44870January 16, 1978Full Service Brick and Mortar
    4222813Berlin Heights Branch24 Main Street, Berlin Heights, OH 44814January 23, 1951Full Service Brick and Mortar
    7357391Huron Branch410 East Cleveland Road, Huron, OH 44839September 01, 1999Full Service Brick and Mortar
    9211808Drive-In Branch207 Milan Avenue, Norwalk, OH 44857May 19, 1961Full Service Brick and Mortar
    11359843Messenger Service Branch12 East Main Street, Norwalk, OH 44857August 14, 2000Limited Service Messenger
    127089The Castalia Banking Company Branch208 South Washington Street, Castalia, OH 44824September 01, 1905Full Service Brick and Mortar
    13430244East Seminary Street Branch36 East Seminary Street, Norwalk, OH 44857December 09, 2002Full Service Brick and Mortar
    141371First Citizens Bank Branch102 South Kibler Street, New Washington, OH 44854January 01, 1917Full Service Brick and Mortar
    15190830Chatfield BranchState Route 4, Chatfield, OH 44825December 19, 1977Full Service Brick and Mortar
    16190831Tiro Branch101 Main Street, Tiro, OH 44887December 04, 1987Full Service Brick and Mortar
    17357070Willard Branch119 Blossom Centre Blvd., Willard, OH 44890November 17, 1999Full Service Brick and Mortar
    194487Shelby Main Branch60 West Main Street, Shelby, OH 44875January 01, 1872Full Service Brick and Mortar
    20211894Mansfield Avenue Branch156 Mansfield Avenue, Shelby, OH 44875May 13, 1968Full Service Brick and Mortar
    21211895North Gamble Street Branch200 North Gamble Street, Shelby, OH 44875November 15, 1977Full Service Brick and Mortar
    23211851Sandusky Street Branch49 Sandusky Street, Plymouth, OH 44865November 20, 1972Full Service Brick and Mortar
    24222132Greenwich Branch13 Main Street, Greenwich, OH 44837December 07, 1940Full Service Brick and Mortar
    25211650Shiloh Branch23 West Main Street, Shiloh, OH 44878August 02, 1954Full Service Brick and Mortar
    28465398Port Clinton BranchP O Box 67, Port Clinton, OH 43452January 01, 2007Full Service Brick and Mortar
    30239008Quincy Branch101 South Miami Street, Quincy, OH 43343May 24, 1982Full Service Brick and Mortar
    33211937West Liberty Branch205 South Detroit Street, West Liberty, OH 43357Febuary 04, 1980Full Service Brick and Mortar
    34211939Main Office601 Scioto Street, Urbana, OH 43078June 01, 1988Full Service Brick and Mortar
    35269985Plain City Office Branch320 South Jefferson Avenue, Plain City, OH 43064January 01, 1887Full Service Brick and Mortar
    36232735Russells Point Branch330 South Orchard Island Road, Russells Point, OH 43348January 08, 1971Full Service Brick and Mortar
    37211944Summit County Financial Srv Ctr Bran529 North Cleveland Massillon Road, Akron, OH 44333August 09, 1999Full Service Brick and Mortar
    38211945Dublin Financial Service Branch6400 Perimeter Drive, Dublin, OH 43017January 10, 2000Full Service Brick and Mortar
    39433533Hilliard Branch4501 Cemetery Road, Hilliard, OH 43026October 25, 2004Full Service Brick and Mortar

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