Citizens Bank (Corvallis, OR)
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Data as of · sourced from FFIEC call reports. How we update
Citizens Bank is an FDIC-insured commercial bank headquartered in Corvallis, OR, established in 1957 (FDIC certificate 17809), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $823.4M, down 1.1% from Q2 2025, the 5th largest of 12 banks headquartered in Oregon. Its CET1 capital ratio was 22.17% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 17809
- Headquarters
- Corvallis, OR
- Established
- 1957
- Total assets, Q2 2026
- $823.4M
- Assets vs Q2 2025
- -1.1%
- CET1 ratio, Q2 2026
- 22.17%
- Domestic offices
- 14 FDIC institution directory, current count
- Routing number
- 123204013
- Latest call report
- Q2 2026, FFIEC 051 · Citizens Bank call report
- Holding company
- CITIZENS BANCORP
- Asset rank in state
- 5th of 12 in Oregon
Citizens Bank spends more to run itself than most banks of its size. It reported $823 million in assets at June 30, 2026, down 1.1% from a year earlier. It earns about $0.05 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 90 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $110,000 was 81% below a year earlier. Over the same year, loans grew 5.2% and deposits shrank 3.0%. Its margin is thin by comparison: it keeps 3.34 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Citizens Bank reported a CET1 capital ratio of 22.17%, a return on assets of 0.05%, a nonperforming-loan ratio of 0.04% and a Texas ratio of 0.16%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Citizens Bank is the 5th largest of the 12 banks headquartered in Oregon. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.6% to $823.4M, loans rose 5.9% and deposits rose 2.4%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 23.9% of total loans, followed by owner-occupied commercial real estate loans at 19.5%. The FDIC Summary of Deposits lists 14 offices for it, in 12 cities in OR; its Corvallis 2 offices book 39% of its branch deposits. Judged on its Q2 2026 call report, Citizens Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 275 Sw 3rd St, Corvallis, OR 97333
- County
- Benton
- Metro Area
- Corvallis, OR
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 5, 1957
- Former names
- Citizens Bank of Corvallis (1970-1985)
- Domestic offices
- 14 FDIC institution directory, current count
- Employees (FTE)
- 177
- Domestic deposits
- $702.5M
- Allowance for credit losses
- $6.6M
- Net charge-offs (YTD)
- $1K
- Average total assets
- $817.6M
- Average total loans
- $374.4M
- Average interest-bearing deposits
- $356.9M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- October 5, 1957
- FDIC Cert
- 17809
- Fed RSSD
- 98463
- SEC CIK
- 1048575 → filed by CITIZENS BANCORP
- Website
- www.citizensEbank.com →
- Parent Holding Company
- CITIZENS BANCORP (RSSD 2519038)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Citizens Bank's total assets ranged from $798.5M (Q1 2025) to $1.10B (Q1 2024), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$823.4M total assets against $832.8M; $736.3M total liabilities against $752.6M.
$383.1M net loans and leases against $364.5M; $702.5M total deposits against $724.5M.
$307.7M securities against $308.8M; $74.9M cash and balances due against $99.4M.
$7.6M total interest income against $7.5M; $1.0M total interest expense against $954K.
$6.6M net interest income against $6.6M.
$676K total noninterest income against $695K; $6.5M total noninterest expense against $6.5M.
$590K provision for credit losses against $64K.
$110K net income against $581K.
0.05% return on assets against 0.29%; 3.34% net interest margin against 3.33%.
22.17% CET1 capital ratio against 22.69%; 13.88% tier 1 leverage ratio against 13.79%.
Inside the full Citizens Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCitizens Bank rankings
Its closest position to the top of a national ranking is 242 of 2,134, for CET1 ratio; its furthest is 3,489 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.05% (Q2 2026) to 0.47% (Q4 2025) and its net interest margin ran from 3.27% (Q3 2024) to 3.42% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.17% | 0.05% | 0.04% | 0.16% | 3.34% |
| Q1 2026 | 23.11% | 0.30% | 0.05% | 0.19% | 3.33% |
| Q4 2025 | 22.62% | 0.47% | 0.25% | 0.99% | 3.38% |
| Q3 2025 | 22.76% | 0.19% | 0.27% | 0.79% | 3.28% |
| Q2 2025 | 22.69% | 0.29% | 0.55% | 0.92% | 3.33% |
| Q1 2025 | 22.22% | 0.26% | 0.07% | 0.30% | 3.40% |
| Q4 2024 | 21.89% | 0.39% | 0.05% | 0.26% | 3.42% |
| Q3 2024 | 21.91% | 0.44% | 0.08% | 0.35% | 3.27% |
Swipe the table sideways to see every column.
Branch Network
View all 14 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Citizens Bank (main office) | Corvallis , OR | 97333 | $199.3M |
| Philomath Branch | Philomath , OR | 97370 | $77.4M |
| Corvallis Circle Branch | Corvallis , OR | 97330 | $74.4M |
| Junction City Branch | Junction City , OR | 97448 | $64.2M |
| Mcminnville Branch | Mcminnville , OR | 97128 | $53.0M |
| Albany 14th Ave Branch | Albany , OR | 97322 | $52.7M |
| Dallas Branch | Dallas , OR | 97338 | $40.1M |
| Silverton Branch | Silverton , OR | 97381 | $37.2M |
| Albany West Branch | Albany , OR | 97321 | $32.3M |
| Tualatin Branch | Tualatin , OR | 97062 | $19.2M |
| Lebanon Branch | Lebanon , OR | 97355 | $18.8M |
| Oregon City Branch | Oregon City , OR | 97045 | $16.5M |
| Springfield Branch | Springfield , OR | 97477 | $14.2M |
| Salem Branch | Salem , OR | 97301 | $3.1M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 21, 2009 | Structure Change | Acquired Silver Falls Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| February 20, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| October 2, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 2, 1993 | Structure Change | Acquired Tri-County Banking Co. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in OR, rank 14 of 33 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 124 applications, 92 loans originated, $24.7M originated, across 1 states
- Period: Calendar year 2020. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $100K approved, $100K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 1999 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Citizens Bank
What are Citizens Bank's total assets?
As of the Q2 2026 filing, Citizens Bank reported total assets of $823.4 million in its FFIEC call report.
Where is Citizens Bank headquartered?
It is headquartered in Corvallis, OR, United States.
When was Citizens Bank founded?
It was established in 1957, per the FDIC institution directory.
Is Citizens Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17809). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens Bank?
Citizens Bank's primary federal regulator is the FDIC.
What is Citizens Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.17% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Citizens Bank operate?
It operates 14 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens Bank's Texas Ratio?
Its Texas Ratio is 0.16% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Citizens Bank previously called?
The charter now named Citizens Bank has also operated as Citizens Bank of Corvallis (1970-1985), per FDIC structure-change records.
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