Citizens State Bank (Monticello, 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 Monticello, IA, established in 1931 (FDIC certificate 9047), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $594.4M, up 5.5% from Q2 2025, the 52nd largest of 225 banks headquartered in Iowa. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.48% 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
- 9047
- Headquarters
- Monticello, IA
- Established
- 1931
- Total assets, Q2 2026
- $594.4M
- Assets vs Q2 2025
- +5.5%
- Tier 1 leverage ratio, Q2 2026
- 11.48%
- Domestic offices
- 8 FDIC institution directory, current count
- Routing number
- 073921190
- Holding company
- HERKY HAWK FINANCIAL CORP.
- Asset rank in state
- 52nd of 225 in Iowa
Citizens State Bank is one of the more profitable banks of its size. The Monticello, Iowa bank had $594 million in assets at June 30, 2026, up 5.5% from a year earlier. It returns 20.9% a year on shareholders' equity, higher than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 12.5%). On the other hand, it keeps 3.12 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
Paper losses on its bond portfolio are shrinking: unrealized losses of $27 million equal 39% of Tier 1 capital, down from 62% a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 1.46% of loans, down from 1.74% a year earlier. Credit is the area to watch: it carries problem assets equal to 12.4% of the capital and reserves that would absorb them, 4.7 times the median of 2.6% for banks its size.
As of June 30, 2026, Citizens State Bank reported a return on assets of 1.30%, a nonperforming-loan ratio of 1.46% and a Texas ratio of 12.44%. The figures come from its call report filed with the FFIEC.
Citizens State Bank ranks as the 52nd largest of the 225 banks based in Iowa, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 2.0% to $594.4M, loans rose 1.4% and deposits rose 1.4%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 27.5% of total loans, followed by agricultural production loans at 23.9%. The FDIC Summary of Deposits lists 8 offices for it, in 8 cities in IA; its Monticello office books 38% of its branch deposits. On its Q2 2026 call report, Citizens State Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 117 W 1st St, Monticello, IA 52310
- County
- Jones
- Metro Area
- Cedar Rapids, IA
- 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
- Trust powers grandfathered
- Call Report form
- FFIEC 051
- Established
- March 11, 1931
- Domestic offices
- 8 FDIC institution directory, current count
- Employees (FTE)
- 73
- Domestic deposits
- $537.8M
- Allowance for credit losses
- $3.9M
- Net charge-offs (YTD)
- $39K
- Average total assets
- $605.2M
- Average total loans
- $327.9M
- Average interest-bearing deposits
- $451.7M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9047
- Fed RSSD
- 795548
- Website
- www.mycsb.bank →
- Parent Holding Company
- HERKY HAWK FINANCIAL CORP. (RSSD 1245741)
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
Over the 12 quarters to Q2 2026, Citizens State Bank's total assets ran between $490.8M (Q3 2023) and $596.3M (Q4 2025), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$594.4M total assets against $563.6M; $554.8M total liabilities against $536.8M.
$324.2M net loans and leases against $301.2M; $537.8M total deposits against $515.5M.
$219.5M securities against $218.3M; $14.6M cash and balances due against $7.5M.
$7.3M total interest income against $6.6M; $3.1M total interest expense against $3.4M.
$4.2M net interest income against $3.1M.
$1.1M total noninterest income against $942K; $3.2M total noninterest expense against $3.1M.
$144K provision for credit losses against $449K.
$2.0M net income against $525K.
1.30% return on assets against 0.36%; 3.12% net interest margin against 2.50%.
11.48% tier 1 leverage ratio against 10.89%.
Inside the full Citizens State Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Held-to-maturity securities carry unrealized losses equal to more than a quarter of book equity. Because HTM is held at amortized cost, these losses are not reflected in reported capital, the dynamic that masked Silicon Valley Bank's insolvency before its March 2023 failure. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Citizens State Bank rankings
Its closest position to the top of a national ranking is 447 of 3,640, for Texas Ratio; its furthest is 1,759 of 3,611, for ROA.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.32% (Q3 2024) to 1.30% (Q2 2026) and its net interest margin ran from 2.21% (Q3 2024) to 3.12% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.48% | 1.30% | 1.46% | 12.44% | 3.12% |
| Q1 2026 | 11.37% | 1.01% | 1.52% | 14.21% | 3.08% |
| Q4 2025 | 10.78% | 1.00% | 1.51% | 14.58% | 3.08% |
| Q3 2025 | 11.04% | 0.78% | 1.68% | 16.49% | 2.78% |
| Q2 2025 | 10.89% | 0.36% | 1.74% | 20.23% | 2.50% |
| Q1 2025 | 10.92% | 0.55% | 0.02% | 0.24% | 2.69% |
| Q4 2024 | 10.97% | 0.53% | 0.09% | 0.78% | 2.48% |
| Q3 2024 | 11.20% | 0.32% | 0.04% | 0.43% | 2.21% |
Swipe the table sideways to see every column.
Branch Network
View all 8 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) | Monticello , IA | 52310 | $204.1M |
| Peoples Manchester Branch | Manchester , IA | 52057 | $122.8M |
| Union Strawberry Point Branch | Strawberry Point , IA | 52076 | $65.5M |
| New Vienna Savings Bank Branch | New Vienna , IA | 52065 | $39.6M |
| Winthrop Branch | Winthrop , IA | 50682 | $39.5M |
| Hopkinton Branch | Hopkinton , IA | 52237 | $28.9M |
| Ryan Branch | Ryan , IA | 52330 | $27.9M |
| Springville Branch | Springville , IA | 52336 | $9.6M |
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 |
|---|---|---|---|
| June 3, 2023 | Structure Change | Acquired Security State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 2, 2023 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| October 10, 2009 | Structure Change | Acquired New Vienna Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 9, 2009 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 7, 2003 | Structure Change | Acquired Union Bank and Trust Company Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 6, 2003 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 5, 2001 | Structure Change | Acquired Peoples State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 4, 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 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.4% of deposits in IA, rank 51 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 175 applications, 135 loans originated, $21.5M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $320K approved, $320K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 State Bank
What are Citizens State Bank's total assets?
As of the Q2 2026 filing, Citizens State Bank reported total assets of $594.4 million in its FFIEC call report.
Where is Citizens State Bank headquartered?
It is headquartered in Monticello, IA, United States.
When was Citizens State Bank founded?
It was established in 1931, per the FDIC institution directory.
Is Citizens State Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9047). 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 8 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 12.44% 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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