Citizens State Bank of Milford
Also written as CSB of Milford
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Data as of · sourced from FFIEC call reports. How we update
Citizens State Bank of Milford is an FDIC-insured commercial bank headquartered in Milford, IL, established in 1907 (FDIC certificate 931), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $56.9M, up 6.7% from Q2 2025, the 289th largest of 319 banks headquartered in Illinois. Its CET1 capital ratio was 13.35% 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
- 931
- Headquarters
- Milford, IL
- Established
- 1907
- Total assets, Q2 2026
- $56.9M
- Assets vs Q2 2025
- +6.7%
- CET1 ratio, Q2 2026
- 13.35%
- Domestic offices
- 1 FDIC institution directory, current count
- Routing number
- 071107699
- Latest call report
- Q2 2026, FFIEC 051 · Citizens State Bank of Milford Q3 2026 call report, filed October 7, 2026 (preliminary)
- Holding company
- ARTHUR R. MURRAY, INC.
- Asset rank in state
- 289th of 319 in Illinois
Problem loans are rising at Citizens State Bank of Milford. The Milford, Illinois bank had $57 million in assets at June 30, 2026, up 6.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.76% of loans from 0.19% a year earlier. It pays an average of 0.72% on its deposits and borrowings, about half the median of 1.53% for the 533 banks with less than $100 million in assets. On the other hand, it funds 9.11% of its assets with Tier 1 capital, lower than about 9 in 10 banks its size (median 12.81%).
Earnings jumped: net income for the quarter was $84,000, 71% above the same quarter a year earlier. Over the same year, loans grew 15.9% and deposits grew 5.4%.
As of June 30, 2026, Citizens State Bank of Milford reported a CET1 capital ratio of 13.35%, a return on assets of 0.58%, a nonperforming-loan ratio of 0.76% and a Texas ratio of 3.63%. The figures come from its call report filed with the FFIEC.
Of the 319 banks headquartered in Illinois, Citizens State Bank of Milford is the 289th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 1.7% to $56.9M, loans rose 0.6% and deposits fell 1.9%. Its loan book on June 30, 2026 was led by farmland and other real estate loans, at 44.2% of total loans, followed by agricultural production loans at 38.9%. Its one office in the FDIC Summary of Deposits is in Milford, IL. By the capital ratios in its Q2 2026 call report, Citizens State Bank of Milford meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 36 E Jones St, Milford, IL 60953
- County
- Iroquois
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- September 23, 1907
- Domestic offices
- 1 FDIC institution directory, current count
- Employees (FTE)
- 12
- Domestic deposits
- $52.0M
- Allowance for credit losses
- $126K
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $57.8M
- Average total loans
- $22.9M
- Average interest-bearing deposits
- $38.3M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 931
- Fed RSSD
- 771047
- Website
- www.thefarmbank.com →
- Parent Holding Company
- ARTHUR R. MURRAY, INC. (RSSD 1201390)
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
Citizens State Bank of Milford's total assets moved between a low of $52.2M (Q2 2024) and a high of $58.5M (Q1 2024) from Q3 2023 to Q2 2026, 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
$56.9M total assets against $53.3M; $52.4M total liabilities against $49.7M.
$22.2M net loans and leases against $19.2M; $52.0M total deposits against $49.4M.
$21.8M securities against $19.1M; $4.8M cash and balances due against $8.7M.
$628K total interest income against $608K; $94K total interest expense against $79K.
$534K net interest income against $529K.
$28K total noninterest income against $23K; $477K total noninterest expense against $503K.
$0 provision for credit losses against $0.
$84K net income against $49K.
0.58% return on assets against 0.35%; 4.44% net interest margin against 4.36%.
13.35% CET1 capital ratio against 14.64%; 9.11% tier 1 leverage ratio against 9.10%.
Inside the full Citizens State Bank of Milford terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.12% (Q3 2025) to 0.76% (Q3 2024) and its net interest margin ran from 4.17% (Q3 2025) to 4.55% (Q1 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.35% | 0.58% | 0.76% | 3.63% | 4.44% |
| Q1 2026 | 13.47% | 0.33% | 0.16% | 0.77% | 4.22% |
| Q4 2025 | 12.78% | 0.73% | 0.36% | 1.88% | 4.50% |
| Q3 2025 | 13.88% | 0.12% | 0.25% | 1.16% | 4.17% |
| Q2 2025 | 14.64% | 0.35% | 0.19% | 0.98% | 4.36% |
| Q1 2025 | 13.66% | 0.71% | 0.00% | 0.00% | 4.55% |
| Q4 2024 | 13.51% | 0.68% | 0.01% | 0.05% | 4.32% |
| Q3 2024 | 14.12% | 0.76% | 0.15% | 0.75% | 4.30% |
Swipe the table sideways to see every column.
Branch Network
View the branch → 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 of Milford (main office) | Milford , IL | 60953 | $52.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in IL, rank 340 of 379 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, 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 of Milford
What are Citizens State Bank of Milford's total assets?
As of the Q2 2026 filing, Citizens State Bank of Milford reported total assets of $56.9 million in its FFIEC call report.
Where is Citizens State Bank of Milford headquartered?
It is headquartered in Milford, IL, United States.
When was Citizens State Bank of Milford founded?
It was established in 1907, per the FDIC institution directory.
Is Citizens State Bank of Milford FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #931). 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 of Milford?
Citizens State Bank of Milford's primary federal regulator is the FDIC.
What is Citizens State Bank of Milford's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.35% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Citizens State Bank of Milford operate?
It operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens State Bank of Milford's Texas Ratio?
Its Texas Ratio is 3.63% 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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