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Overview / Commentary
877-902-1442
1442 Lincoln Way
Clinton, IA 52732

Citizens First Bank (IA) is headquartered in Clinton and is the 119st largest bank in the state of Iowa. It is also the 3,510st largest bank in the nation. It was established in 2000 and as of December of 2013, it had grown to 44 employees at 3 locations. Citizens First Bank (IA) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Citizens First Bank (IA) had $1.43 million in non-current loans and owned real-estate with $16.46 million in equity and loan loss allowances on hand to cover it. This gives Citizens First Bank (IA) a Texas Ratio of 8.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Citizens First Bank (IA) experienced no significant changes from 6.45% as of December 31, 2012 to 8.66% as of December 31, 2013, resulting in a negative change of 34.21%. This indicates that the balance sheet and financial strength for Citizens First Bank (IA) has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Citizens First Bank (IA) has increased its total deposits by $3.51 million, resulting in 2.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Citizens First Bank (IA) has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Citizens First Bank (IA) has $163.88 million in assets with $16.46 million in equity, resulting in a capitalization level of 10.04%, which is above average.

Institution Statistics

Overall
FDIC Certificate #35477
Year Established2000
Employees44
Primary RegulatorFDIC
Assets and Liabilities
Assets$163.88 million
Loans$124.28 million
Deposits$147.50 million
Equity Capital$15.36 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$346,000
Historic Data - December 2012
Assets$160.92 million
Equity Capital$15.59 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$83,000
Profit Margin - Quarterly
Net Interest Margin3.66%
Return on Assets1.17%
Return on Equity12.1%
Interest Income$6.51 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Citizens First Bank (IA), we are a rate comparison website and can not provide official rates or promotions.

Citizens First Bank (IA) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Personal Basic Savings
0.10%--Business Basic Savings

Citizens First Bank (IA) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Personal Money Market
0.20%$25k-Business Money Market

Citizens First Bank (IA) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$25kSmart eChecking
0.25%$25k-Choice Checking
0.25%$25k-Gold Checking
0.25%$25k-Business Plus Checking
0.05%--Smart eChecking

Citizens First Bank (IA) CD Rates

DetailsAPYMINMAXPRODUCT
1.55%$500-50 Month CD Special
1.15%$500-60 Month CD
1.05%$500-37 Month CD Special
1.00%$500-48 Month CD
0.85%$500-36 Month CD
0.75%$500-25 Month CD Special
0.55%$500-24 Month CD
0.45%$500-18 Month CD
0.35%$500-12 Month CD
0.20%$500-6 Month CD
0.15%$500-7 - 89 Day CD
0.15%$500-3 Month CD

Citizens First Bank (IA) IRA Rates

DetailsAPYMINMAXPRODUCT
1.15%$500-60 Month IRA (Traditional,Roth)
1.00%$500-48 Month IRA (Traditional,Roth)
0.85%$500-36 Month IRA (Traditional,Roth)
0.55%$500-24 Month IRA (Traditional,Roth)
0.45%$500-18 Month IRA (Traditional,Roth)
0.35%$500-12 Month IRA (Traditional,Roth)
0.20%$500-6 Month IRA (Traditional,Roth)
0.15%$500-7 - 89 Day IRA (Traditional,Roth)
0.15%$500-3 Month IRA (Traditional,Roth)
Locations


Citizens First Bank (IA) Locations
Mid-Town Branch1329 North 2nd StreetClinton, IA 52732
Citizens First Bank1442 Lincoln WayClinton, IA 52732
Camanche Branch403 South Washington BoulevardCamanche, IA 52730