Citizens State Bank (Sheldon, IA)
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Data as of · sourced from FFIEC call reports. How we update
Citizens State Bank is an FDIC-insured commercial bank headquartered in Sheldon, IA, established in 1961 (FDIC certificate 18356), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $194.7M, up 3.3% from Q2 2025, the 146th largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 12.45% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18356
- Headquarters
- Sheldon, IA
- Established
- 1961
- Total assets, Q2 2026
- $194.7M
- Assets vs Q2 2025
- +3.3%
- Tier 1 leverage ratio, Q2 2026
- 12.45%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 073922322
- Latest call report
- Q2 2026, FFIEC 051 · Citizens State Bank call report
- Holding company
- DIXON BANCSHARES, INC.
- Asset rank in state
- 146th of 225 in Iowa
Citizens State Bank, based in Sheldon, Iowa, reported $195 million in assets at June 30, 2026, up 3.3% from a year earlier. It carries problem assets equal to 0.0% of the capital and reserves that would absorb them, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 2.6%). It also spends about 45 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 61 cents).
Earnings jumped: net income for the quarter was $850,000, 31% above the same quarter a year earlier. Over the same year, loans grew 7.3% and deposits grew 0.2%.
As of June 30, 2026, Citizens State Bank reported a return on assets of 1.70%, a nonperforming-loan ratio of 0.00% and a Texas ratio of 0.00%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Citizens State Bank is the 146th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.3% to $194.7M, loans rose 1.7% and deposits fell 3.8%. 1-4 family residential loans made up 29.0% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 24.6%. Its 2 offices in the FDIC Summary of Deposits are in Sheldon, IA and Boyden, IA; its Sheldon office books 85% of its branch deposits. Judged on its Q2 2026 call report, Citizens State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 808 3rd Ave, Sheldon, IA 51201
- County
- O'Brien
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- March 15, 1961
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 19
- Domestic deposits
- $166.1M
- Allowance for credit losses
- $1.6M
- Net charge-offs (YTD)
- $0
- Average total assets
- $200.4M
- Average total loans
- $129.4M
- Average interest-bearing deposits
- $132.0M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- March 15, 1961
- FDIC Cert
- 18356
- Fed RSSD
- 413543
- Website
- http://www.csbsheldon.com →
- Parent Holding Company
- DIXON BANCSHARES, INC. (RSSD 1969485)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Citizens State Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Citizens State Bank's total assets ranged from $180.7M (Q3 2023) to $198.8M (Q4 2025), 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
$194.7M total assets against $188.4M; $170.0M total liabilities against $166.7M.
$130.1M net loans and leases against $121.3M; $166.1M total deposits against $165.8M.
$52.1M securities against $51.3M; $6.7M cash and balances due against $10.3M.
$2.4M total interest income against $2.2M; $717K total interest expense against $776K.
$1.7M net interest income against $1.4M.
$132K total noninterest income against $116K; $855K total noninterest expense against $852K.
$0 provision for credit losses against $0.
$850K net income against $648K.
1.70% return on assets against 1.34%; 3.60% net interest margin against 3.08%.
12.45% tier 1 leverage ratio against 11.72%.
Inside the full Citizens State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCitizens State Bank rankings
Its closest position to the top of a national ranking is 420 of 3,606, for efficiency ratio; its furthest is 3,540 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.07% (Q3 2024) to 1.76% (Q4 2024) and its net interest margin ran from 2.53% (Q3 2024) to 3.60% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.45% | 1.70% | 0.00% | 0.00% | 3.60% |
| Q1 2026 | 12.00% | 1.72% | 0.03% | 0.15% | 3.43% |
| Q4 2025 | 11.74% | 1.54% | 0.00% | 0.00% | 3.33% |
| Q3 2025 | 12.18% | 1.43% | 0.00% | 0.02% | 3.30% |
| Q2 2025 | 11.72% | 1.34% | 0.00% | 0.00% | 3.08% |
| Q1 2025 | 11.89% | 1.22% | 0.00% | 0.00% | 3.02% |
| Q4 2024 | 11.46% | 1.76% | 0.00% | 0.00% | 2.87% |
| Q3 2024 | 10.69% | 1.07% | 0.17% | 1.01% | 2.53% |
Swipe the table sideways to see every column.
Branch Network
View all 2 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 State Bank (main office) | Sheldon , IA | 51201 | $141.5M |
| Boyden Branch | Boyden , IA | 51234 | $24.7M |
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 |
|---|---|---|---|
| September 7, 2001 | Structure Change | Acquired Farmers Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 6, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.1% of deposits in IA, rank 160 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $530K approved, $265K average. 50.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2011 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), 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 State Bank
What are Citizens State Bank's total assets?
As of the Q2 2026 filing, Citizens State Bank reported total assets of $194.7 million in its FFIEC call report.
Where is Citizens State Bank headquartered?
It is headquartered in Sheldon, IA, United States.
When was Citizens State Bank founded?
It was established in 1961, per the FDIC institution directory.
Is Citizens State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18356). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens State Bank?
Citizens State Bank's primary federal regulator is the FDIC.
How many branches does Citizens State Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens State Bank's Texas Ratio?
Its Texas Ratio is 0.00% 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.
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