First Citizens Bank
Mason City, Iowa, Cerro Gordo County
$1.8B in total assets, the 665th largest of 4,309 US banks and 13th of 227 headquartered in Iowa.
- FDIC certificate
- 4433
- Established
- 1892
- Owned by
- First Citizens Financial Corp
- Primary regulator
- FED
- Website
- www.myfcb.bank
At a glance
Compared with 26 banks headquartered in Iowa with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.8B | 54% | $1.7B | |
| Loans | $1.3B | 50% | $1.3B | |
| Deposits | $1.6B | 54% | $1.5B | |
| Return on assets | 1.94% | 85% | 1.28% | |
| Net interest margin | 3.54% | 54% | 3.49% | |
| Efficiency ratio | 46.2% | 23% | 52.3% | |
| Equity to assets | 11.42% | 77% | 10.14% | |
| Loans to deposits | 84% | 31% | 91% |
Growth
Total assets grew 2.9% a year over the last 5 years and 4.1% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jul 2014 | Kanabec State Bank Mora, MN, an affiliate under the same holding company | $138M |
| Jan 2013 | (unknown, CERT 34212) , IA | $7M |
| Dec 1994 | First National Bank Clarion, IA, an affiliate under the same holding company | $132M |
| Dec 1994 | Osage Farmers National Bank Osage, IA, an affiliate under the same holding company | $76M |
| Dec 1994 | Citizens National Bank New Hampton, IA, an affiliate under the same holding company | $37M |
| Oct 1987 | Commercial Trust and Savings Bank Charles City, IA | $36M |
Where they operate
7 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cerro Gordo County, IA | $723M | 39.1% | 1 of 9 |
| Floyd County, IA | $222M | 37.1% | 2 of 4 |
| Kanabec County, MN | $211M | 59.6% | 1 of 2 |
| Wright County, IA | $202M | 34.3% | 1 of 6 |
| Mitchell County, IA | $130M | 18.1% | 3 of 6 |
| Chickasaw County, IA | $88M | 11.7% | 4 of 8 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 2 branches since 2016 (9 to 7, −22.2%). 0 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 9 | |||
| 2021 | Closed Latimer | 0 | 1 | −1 | 8 |
| 2025 | Closed Kanawha | 0 | 1 | −1 | 7 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 30% | 22% | |
| 1-4 family residential | 14% | 21% | |
| Farmland | 13% | 12% | |
| Business (C&I) | 13% | 14% | |
| Agricultural | 10% | 9% | |
| Construction and land | 8% | 8% | |
| Multifamily | 7% | 11% | |
| Consumer | 1% | 1% | |
| Other | 4% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 58% | 58% | |
| Time deposits | 32% | 27% | |
| Noninterest-bearing | 10% | 15% |
Brokered deposits are 0.0% of deposits (peers 5.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.15% | 0.31% |
| Net charge-offs, annualized | 0.13% | 0.01% |
| Reserves to loans | 1.38% | 1.19% |
| Leverage ratio | 11.96% | 10.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Iowa
Largest competitors in Cerro Gordo County, IA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/first-citizens-bank-mason-city-ia