Citizens Bank
Sac City, IA · Owner: Citizens Holding Co
$65.6M
total assets, September 30, 2023
$65.6M
total assets, September 30, 2023
Citizens Bank was a state nonmember bank in Sac City, IA, owned by Citizens Holding Co. It failed on Nov 3, 2023, and Iowa Trust & Savings Bank took over its deposits. At its last report it held $60.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2023
This bank failed
- Failed on
- Nov 3, 2023
- Assets
- $60.4M
- Deposits
- $52.3M
- Estimated cost
- $12.5M
- Deposits went to
- Iowa Trust & Savings Bank, Emmetsburg, IA
Total assets
$65.6M
-2.3% in a year · +8.2% in a quarter
Deposits
$58.9M
-9.2% in a year · +12.7% in a quarter
Loans
$38.2M
+15.0% in a year · -5.1% in a quarter
Profit so far
-$4.6M
Jan 1 to Sep 30, 2023 · -923.6% in a year
Capital ratio
0.01%
-8.23 pts in a year
Return on assets
-10.00%
-11.17 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 500 W Main St, Sac City, IA, 50583
- County
- Sac
- Holding company
- Citizens Holding Co
- Established
- Feb 8, 1929
- Failed
- Nov 3, 2023
- Employees
- 10
- Branches
- 2
- Id
- b8758
Quarter by quarter
March 31, 1984 to September 30, 2023
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Citizens Bank?
$65.6 million in total assets and $58.9 million in deposits as of September 30, 2023, with assets down 2.3% from a year before. Its loans were $38.2 million.
How many branches does Citizens Bank have?
2 branches in Iowa as of June 30, 2026.
Is Citizens Bank profitable?
No: it lost $4.64 million from January 1 to September 30, 2023. Its return on assets was -10.00% a year; about 1% is typical.
Who owns Citizens Bank?
Citizens Bank is owned by Citizens Holding Co, its holding company.
When did Citizens Bank fail?
Nov 3, 2023. Iowa Trust & Savings Bank of Emmetsburg, IA took over its deposits. The estimated cost of the failure was $12.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.