The Citizens First National Bank of Storm Lake

Headquarters

East 5th And Lake Avenue
Storm Lake, IA 50588
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.33% 1.15% →
2-Year CD 0.33% 1.26% →
5-Year CD 0.77% 1.56% →
30-Year Mortgage 3.62% 3.09% →
15-Year Mortgage 3.09% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

The Citizens First National Bank of Storm Lake is an FDIC insured institution located in Storm Lake, IA. It was founded in 1902 and has approximately $0.21 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 4511
Date Established 1902
Assets $ 209.27 million
Loans $ 124.09 million
Deposits $ 184.77 million
Capital $ 23.94 million
 

For a more detailed analysis of The Citizens First National Bank of Storm Lake's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.14% $10,000 $14,999 Learn More
3 Mo CD
0.14% $100,000 $199,999 Learn More
Special: 4 Mo CD
0.92% $3,500 $500,000 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.33% $10,000 $14,999 Learn More
12 Mo CD
0.33% $100,000 $199,999 Learn More
Special: 22 Mo CD
0.75% $3,500 $500,000 Learn More
24 Mo CD
0.33% $10,000 $14,999 Learn More
24 Mo CD
0.33% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.53% $10,000 $14,999 Learn More
48 Mo CD
0.53% $100,000 $199,999 Learn More
60 Mo CD
0.77% $10,000 $14,999 Learn More
60 Mo CD
0.77% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 4 Mo FIRA
0.92% $3,500 $500,000 Learn MoreShow Less
Special: 22 Mo FIRA
0.75% $3,500 $500,000 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - July 14, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The Citizens First National Bank of Storm Lake branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


The Citizens First National Bank of Storm Lake Locations


Financial Details

The Citizens First National Bank of Storm Lake Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Citizens First National Bank of Storm Lake. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Citizens First National Bank of Storm Lake U.S. Bank Average
5.2% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, The Citizens First National Bank of Storm Lake had $1,328,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $23,944,000 in equity and $1,574,000 in loans loss reserves. That gives it a Texas Ratio of 5.2%.

Return on Equity
The Citizens First National Bank of Storm Lake U.S. Bank Average
18.47% 7.80%

The Citizens First National Bank of Storm Lake has a Return on Equity of 18.47% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Citizens First National Bank of Storm Lake U.S. Bank Average
11.44% 12.68%

The Citizens First National Bank of Storm Lake has a Capitalization of 11.44% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Citizens First National Bank of Storm Lake Balance Sheet Analysis

As of March 31, 2020, The Citizens First National Bank of Storm Lake had assets of $209,266,000, loans of $124,090,000, and deposits of $184,772,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 21.94 million
Interest-bearing balances $ 18.61 million
Total securities $ 58.57 million
Federal funds sold and reverse repurchase $ 1.43 million
Net loans and leases $ 124.09 million
Loan loss allowance $ 1.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 2.45 million
     Total Assets $ 185.32 million
LIABILITIES
Total deposits $ 184.77 million
      Interest-bearing deposits $ 158.64 million
      Deposits held in domestic offices $ 184.77 million
      % insured (estimated) 82.85%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.55 million
      Total Liabilities $ 185.32 million
      Shareholders’ Equity $ 23.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.12 million
Total Interest Expense $ 0.27 million
Net interest income $ 1.85 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.43 million
Total non interest expense $ 1.11 million
Pre-tax Net Operating Income $ 1.17 million

Bank Loan Profile?

The top three loan types in The Citizens First National Bank of Storm Lake’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Iowa, The Citizens First National Bank of Storm Lake has a significantly higher percent of Credit Card Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.87
Multifamily
Mortgages
0.04
Credit Card Loans 0.38
Consumer Auto Loans 3.49
Small Business Loans 0.00
Construction and Development Loans 0.11
Commercial Real Estate 3.16
Commercial and Industrial Loans 19.64
Farm Loans 44.30

Frequently Asked Questions About The Citizens First National Bank Of Storm Lake

Branches and Savings

Is The Citizens First National Bank Of Storm Lake FDIC insured?

Yes. It is covered under FDIC Certificate #4511.

Why does The Citizens First National Bank Of Storm Lake pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Citizens First National Bank Of Storm Lake CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Citizens First National Bank Of Storm Lake a commercial bank?

Yes

Where are The Citizens First National Bank Of Storm Lake locations?

See branch locations nearby.

Is The Citizens First National Bank Of Storm Lake open on Saturdays?

Is The Citizens First National Bank Of Storm Lake open on Sundays?

What time does The Citizens First National Bank Of Storm Lake open?

What time does The Citizens First National Bank Of Storm Lake close?

Are The Citizens First National Bank Of Storm Lake ATMs Open 24/7?

Do The Citizens First National Bank Of Storm Lake ATMs accept cash deposits?

Can The Citizens First National Bank Of Storm Lake customers use other ATMs?

Do The Citizens First National Bank Of Storm Lake branches have notaries?

Will The Citizens First National Bank Of Storm Lake notarize my document?

What address for The Citizens First National Bank Of Storm Lake should I put for incoming ACH transfers?

Will the The Citizens First National Bank Of Storm Lake branch print checks?

Do The Citizens First National Bank Of Storm Lake checks expire?

Does The Citizens First National Bank Of Storm Lake require US citizenship to open account?

Can The Citizens First National Bank Of Storm Lake close my account?

Does The Citizens First National Bank Of Storm Lake Report to credit bureaus?

Does The Citizens First National Bank Of Storm Lake Use Equifax?

What is The Citizens First National Bank Of Storm Lake's ACH Routing Number?

What is The Citizens First National Bank Of Storm Lake's SWIFT code?

Products

Does The Citizens First National Bank Of Storm Lake offer mortgages?

Compare mortgage rates here.

Does The Citizens First National Bank Of Storm Lake offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Citizens First National Bank Of Storm Lake offer personal loans?

Compare personal loan rates here.

Does The Citizens First National Bank Of Storm Lake offer student loans?

Will The Citizens First National Bank Of Storm Lake cash a check?

Will The Citizens First National Bank Of Storm Lake redeem a savings bond?

Does The Citizens First National Bank Of Storm Lake cash savings bonds?

Will The Citizens First National Bank Of Storm Lake cash money orders?

Can The Citizens First National Bank Of Storm Lake issue a money order?

Does The Citizens First National Bank Of Storm Lake do currency exchange?

Background on The Bank

Who owns The Citizens First National Bank Of Storm Lake?

How long has The Citizens First National Bank Of Storm Lake been around?

Can The Citizens First National Bank Of Storm Lake transfer to other banks?

Does The Citizens First National Bank Of Storm Lake have quick pay?

Does The Citizens First National Bank Of Storm Lake accept rolled coins?

Will The Citizens First National Bank Of Storm Lake accept loose change?

Where is The Citizens First National Bank Of Storm Lake headquarters?

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