First Citizens National Bank in city_name, state_name - Detailed Financial Reports, Location

First Citizens National Bank in Mason City, Iowa (IA)
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First Citizens National Bank routing number info

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
WWW: http://www.firstcitizensnb.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: 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

No	ID	Name	Address	Established	Service Type
0	2929	First Citizens National Bank	2601 Fourth Street, S.W., Mason City, IA 50401	January 09, 1892	Full Service Brick and Mortar
3	2930	Clarion Branch	120 First Avenue, N.W., Clarion, IA 50525	October 01, 1887	Full Service Brick and Mortar
6	8316	Kanawha Branch	220 North Main Street, Kanawha, IA 50447	January 01, 1800	Full Service Brick and Mortar
7	203692	Latimer Branch	117 North Akir, Latimer, IA 50452	January 15, 1987	Full Service Brick and Mortar
8	203693	Drive-Up Branch	1123 Central Avenue East, Clarion, IA 50525	March 21, 1994	Limited Service Facility
9	2964	Osage Branch	501 Main Street, Osage, IA 50461	January 01, 1856	Full Service Brick and Mortar
10	9328	New Hampton Branch	124 West Main, New Hampton, IA 50659	September 19, 1929	Full Service Brick and Mortar
12	232393	Alta Vista Branch	103 South White Avenue, Alta Vista, IA 50603	September 03, 1991	Full Service Brick and Mortar
13	203690	300 Main Branch	300 North Main Street, Charles City, IA 50616	December 05, 1994	Full Service Brick and Mortar
14	203691	Downtown Branch	33 East State Street, Mason City, IA 50401	December 06, 1996	Limited Service Facility

Gerald Busch

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

First Citizens National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Citizens National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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