Citizens Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Citizens Savings Bank started business on the northeast corner of Main and Fifth streets and received its charter and articles of incorporation on February 8, 1929, with 43 stockholders.

In 1973 the bank building on the northwest corner of Main and Fifth Streets was purchased and refurbished to provide all the necessary space for an all service bank, with drive-up facilities at the northeast corner of Sixth and Williams Streets.

In 1980 Citizens Savings Bank added an independent insurance agency housing it on the second floor of the building. With the purchase of the building to the west, Citizens Bank Insurance Agency moved to its present location in 1988.

In keeping with the changing times and the full service image, Citizens Savings Bank officially changed its name to Citizens Bank on July 24, 1989. The interior of the bank received its current facelift in 1993. Citizens Bank houses its own data processing computer system which provides immediately available information to its customer.

Mail
Citizens Bank
500 West Main Street
P.O. Box 396
Sac City, IA 50583

Phone Number 712-662-4755
Fax Number 712-662-4951

Main Facility
500 West Main Street
Sac City, Iowa
Monday – Friday, 8:30 am to 3:00 pm
Sat. 8:30 am to 11:30 am