# CITIZENS BANK
SAC CITY, IA · FDIC certificate 8758 · asset band <$300M · latest filing 2023-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 8 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $65.6M | |
| Deposits | $58.9M | |
| Loans and leases | $38.2M | |
| Total equity | $-2.9M | |
| Loans / deposits | 62.45% (p37 of band) | 69.44% |
| Liquid assets / assets | 40.93% (p62 of band) | |
| Uninsured deposits / deposits | 34.46% (p88 of band) | 19.29% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 14.49% (p89 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 0.01% (p0 of band) | 11.39% |
| Unrealized securities loss / equity | – | -25.32% |
| AOCI / equity | – | |
| ROA (annualized) | -10.00% (p1 of band) | 0.97% |
| Net interest margin | 2.77% (p17 of band) | 3.55% |
| Efficiency ratio | 88.34% (p86 of band) | |
| Noncurrent loans | 9.64% (p100 of band) | 0.22% |
| Net charge-offs (annualized) | 9.30% (p100 of band) | |
| Reserve coverage of noncurrent | 39.28% | |
| Real estate % of loans | 42% | |
| Construction % of loans | – | |
| Auto loans | $1.4M (3.71% of loans; DQ 9.38%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (– of equity) | |
| Deposits YoY | -9.2% | |
| Employees | 10 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 0 |  |  |
| 2011-12 | 1 | wholesale funding >15% |  |
| 2012-03 | 0 |  | wholesale funding >15% |
| 2012-06 | 0 |  |  |
| 2012-09 | 0 |  |  |
| 2012-12 | 1 | uninsured deposits leaving |  |
| 2013-03 | 0 |  | uninsured deposits leaving |
| 2013-06 | 0 |  |  |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 2 | wholesale funding >15%, capital falling |  |
| 2014-09 | 1 |  | capital falling |
| 2014-12 | 2 | reserve under noncurrent |  |
| 2015-03 | 1 |  | reserve under noncurrent |
| 2015-06 | 2 | assets shrinking |  |
| 2015-09 | 1 |  | assets shrinking |
| 2015-12 | 1 |  |  |
| 2016-03 | 0 |  | wholesale funding >15% |
| 2016-06 | 1 | wholesale funding >15% |  |
| 2016-09 | 1 | reserve under noncurrent | wholesale funding >15% |
| 2016-12 | 1 | wholesale funding >15% | reserve under noncurrent |
| 2017-03 | 0 |  | wholesale funding >15% |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | wholesale funding >15% |  |
| 2018-03 | 1 | reserve under noncurrent | wholesale funding >15% |
| 2018-06 | 0 |  | reserve under noncurrent |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | wholesale funding >15% |  |
| 2019-03 | 0 |  | wholesale funding >15% |
| 2019-06 | 0 |  |  |
| 2019-09 | 1 | reserve under noncurrent |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 4 | capital falling, losing money, charge-offs p90 |  |
| 2020-06 | 2 |  | capital falling, losing money |
| 2020-09 | 3 | noncurrent p90 |  |
| 2020-12 | 3 | capital falling, uninsured deposits leaving | reserve under noncurrent, noncurrent p90 |
| 2021-03 | 2 | NIM <2.5% | capital falling, uninsured deposits leaving |
| 2021-06 | 3 | reserve under noncurrent |  |
| 2021-09 | 1 |  | NIM <2.5%, reserve under noncurrent |
| 2021-12 | 0 |  | charge-offs p90 |
| 2022-03 | 5 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity, charge-offs p90, reserve under noncurrent |  |
| 2022-06 | 5 | noncurrent p90 | capital falling |
| 2022-09 | 5 |  |  |
| 2022-12 | 5 |  |  |
| 2023-03 | 6 | deposits shrinking, assets shrinking | AOCI drag >20% of equity |
| 2023-06 | 7 | uninsured deposits leaving |  |
| 2023-09 | 8 | leverage <7%, leverage <5%, losing money | securities losses >30% of equity, assets shrinking, uninsured deposits leaving |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-03-27 [Citizens’ Coughlin talks ‘overwhelming’ pace of AI change - Banking Dive](https://news.google.com/rss/articles/CBMihgFBVV95cUxPMXF5YmxxcFhrZ1M1R3hCVXd5QWJaUVFDWWZkNFhoMk5VUmtEcG1nUHJHdjhOYlFwTVJ3Nmd0WHEwY0lCZTZGUUNfdFhkOWxaY0IzRVdEOVM0VEt3cHVVYy1IaUF0S0ZjUzM1Ulc2d29fTDR4Z2VwTGUwYkpvV1lQT1ZXVDI4UQ?oc=5) · Banking Dive
- 2025-08-07 [Failed Bank Information for Citizens Bank, Sac City, IA - Federal Deposit Insurance Corporation (FDIC) (.gov)](https://news.google.com/rss/articles/CBMilgFBVV95cUxOSjBpV2UzSF8tamhtZ2Jwc2gtRXJnb1BoZG5aQWkwN05TUVlEX2ozd2VvUWVzUVVxbFRiN1o4ODNPdzhmUU9WNFZMX29idTMzMVVmX1htUFIyV01hdW0zMXg5ZHJVdF9saUVmbEhBT3A0OHBrbmJzS0RpMDVlRlZKOENUS1JCaTVUUV9pbDlBN2VldFZvQkE?oc=5) · Federal Deposit Insurance Corporation (FDIC) (.gov)
- 2026-08-03 [What’s Happening This Week at Citizens Bank Park: Phillies vs. Nationals, August 3–6 - mlb.com](https://news.google.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?oc=5) · mlb.com
- 2025-10-18 [Commercial and Industrial Services Insights - Citizens Bank](https://news.google.com/rss/articles/CBMihwFBVV95cUxNQ1hLc1plc1YxZjVnMGdqQlVOTmF5eXBEblUwNGhIUEFQVTdrdmJaUTI1amNZSVFRVWJ3QXVBRktqVFN4cDUtT0g4QmNKN3NHWG1pT2xPLXR3WXB5MVFaUktLOFB5d2lrMXA1cFdlYUx4WmVuNGRwMFNmaEdBLXp6TmN0Q19PRjA?oc=5) · Citizens Bank
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-07-18 [Robert Thomas retires after 44-year banking career in Marshalltown - - Times Republican](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQMXVxTXItU1NsdXRZN0xORDdVM05WNmhMM29CU2s4MjFrY21EeGRuNm9iazBiZDJVeDk4MUhrakttWmxGWDg4Um85MFJlcVVoa0dRd2N0V2F4Mk14Z0llQmRpZ3V0d3FlUVkxU2lrUzBVU0Foc0hMTXJqQ3RWZXprUXZOeko1NVlmWnBEbEdNZjlmZ25Hck5ZeUl0UkVGUTJlM2hOMVFfdXV2c2R6Z3k0UGdraGtEQ3Z4ZVZxRklsTXgyQQ?oc=5) · Times Republican
- 2026-02-09 [15 most recent bank failures - American Banker](https://news.google.com/rss/articles/CBMickFVX3lxTE9OU0FZMFVvZ2QtYXVOTWpCa3djUGxETDEzbzlFTWhobUpfVnZMdWlDWmswQzNrOEIzc0ZDWVM3cnFTV1ZXTlRMamp2V25jM0ppMTBYM3BEZFM3OFI4bnIyaFlBSlQtT2NNa0RxMURCZ3JaQQ?oc=5) · American Banker
- 2026-04-20 [Northeast Iowa Banks Team Up for Fraud Prevention Seminar - KCHA News](https://news.google.com/rss/articles/CBMilAFBVV95cUxNV1Z2bkh0ODJlZDIycUxxUFU3Z1B5cHItT2VWNGVMd2lVT3R4YmxnSVk1TUs0SHVyRnc1YTJqSWxQVmNKM2xaWDQtUjFLallPX0dPMWRuY0lveDZhRFoxSDQwb2RRQ3NiTVljM3g1aHdqSFhqSEVIUW12d2JGTV9tVDc3TkF3US0zUEhkUlAzcVJaSUxp?oc=5) · KCHA News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8758 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/54.json (key "8758", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide