The Citizens Banking Company in Sandusky, Ohio (OH)



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The Citizens Banking Company
GeneralFDIC 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
WWW: http://www.citizensbankco.com
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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)300
Total assets$1,107,953
Cash and due from depository institutions$52,123
Interest-bearing balances$31,590
Securities$203,957
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$764,609
Loan loss allowance $21,257
Trading account assets$0
Bank premises and fixed assets$16,913
Other real estate owned$1,097
Goodwill and other intangibles$25,891
All other assets$43,363
Life insurance assets$1,107,953
Total liabilities and capital$983,727
Total liabilities$908,966
Total deposits$711,864
Interest-bearing deposits$908,966
Deposits held in domestic offices$84
% insured (estimated)19029.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$50,295
Other borrowed funds $0
Subordinated debt $5,437
All other liabilities $124,226
Total equity capital$112,726
Total bank equity capital$112,726
Perpetual preferred stock$0
Common stock$14,594
Surplus$123,884
Undivided profits $-25,752
Memoranda
Noncurrent loans and leases $11,500
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $598
Income earned, not collected on loans $27,069
Earning assets $378
Long-term assets (5+ years) $3,787
Average Assets, year-to-date $1,000,156
Average Assets, quarterly $447,557
Volatile liabilities $1,108,854
Insider loans $1,124,171
FHLB advances $753,396
Loans and leases held for sale $1,097,683
Unused loan commitments $17,963
Tier 1 (core) risk-based capital $12,793
Tier 2 risk-based capital $92,133
Total risk weighted assets $0
Total unused commitments $5,170
Restructured Loans and leases $137,771
Derivatives$12,647
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $48,861
Total interest expense $6,730
Net interest income $42,131
Provision for loan and lease losses $9,800
Total noninterest income $10,183
Fiduciary activities $1,509
Service charges on deposit accounts $4,550
Trading account gains & fees $0
Additional noninterest income $4,124
Total noninterest expense $33,828
Salaries and employee benefits $18,103
Premises and equipment expense $4,252
Additional noninterest expense $11,473
Pre-tax net operating income $8,686
Securities gains (losses) -$8
Applicable income taxes $1,869
Income before extraordinary items $6,809
Extraordinary gains - net $0
Net income attributable to bank $5,942
Net charge-offs $867
Cash dividends $6,809
Sale, conversion, retirement of capital stock, net $10,311
Net operating income $2,500
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.89%
Cost of funding earning assets 0.67%
Net interest margin 4.22%
Noninterest income to earning assets 1.02%
Noninterest expense to earning assets 3.39%
Net operating income to assets 0.61%
Return on assets (ROA) 0.54%
Pretax return on assets 0.70%
Return on equity (ROE) 5.42%
Retained earnings to average equity (YTD only) 3.14%
Net charge-offs to loans 1.34%
Credit loss provision to net charge-offs 95.04%
Efficiency ratio1.79%
Assets per employee$62,442
Cash dividends to net income (YTD only)3.69%
Condition Ratios (%)
Loss allowance to loans 42.07%
Loss allowance to noncurrent loans 2.70%
Noncurrent assets plus other real estate owned to assets 78.53%
Noncurrent loans to loans 2.54%
Net loans and leases to deposits3.44%
Net loans and leases to core deposits 84.12%
Equity capital to assets 90.60%
Core capital (leverage) ratio 10.17%
Tier 1 risk-based capital ratio 8.39%
Total risk-based capital ratio 12.23%
Memoranda
Average assets$13
Average earning assets$1,108,854
Average equity $109,581
Average loans $998,759
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$237,954
Number of Accounts1
Personal trust and agency accounts$190,604
Employee benefit-defined contribution accounts$55,682
Employee benefit-defined benefit accounts$3,753
Other retirement accounts$0
Corporate trust and agency accounts$29,840
Investment management agency accounts$9
Other fiduciary accounts$101,320
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts379
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$29,840
Employee benefit-defined benefit accounts$0
Other retirement accounts$47,350
Corporate trust and agency accounts$204
Other fiduciary accounts$402
Fiduciary accounts held in foreign offices$44,262
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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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