First Citizens Bank: how it compares with its peers
Against 22 IA banks with half to twice its assets, First Citizens Bank's strongest measure in Q2 2026 is return on assets (2.09% vs. a 1.32% peer median). Its weakest relative measure is assets per employee ($8.9M vs. $9.2M).
| Measure | First Citizens Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 2.09% | 1.32% | Top third Ahead of 82% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.54% | 3.54% | Middle third Ahead of 50% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 46.24% | 53.09% | Top third Ahead of 82% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.9M | $9.2M | Middle third Ahead of 45% of peers |
| Loans to deposits Net loans and leases over total deposits. | 83.15% | 90.47% | Context |
What it means for lending operations
Its efficiency ratio of 46.24% is better than the 53.09% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Community State Bank Ankeny, IA · $1.75B
- Availa Bank Carroll, IA · $1.73B
- Lincoln Savings Bank Reinbeck, IA · $1.71B
- CBI Bank & Trust Muscatine, IA · $1.70B
- The Security National Bank of Sioux City, Iowa Sioux City, IA · $1.69B
- Farmers State Bank Waterloo, IA · $1.60B
Questions about First Citizens Bank
How big is First Citizens Bank?
First Citizens Bank, established in 1892, is headquartered in Mason City, IA. It reported $1.80B in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is First Citizens Bank's return on assets?
2.09% annualized in Q2 2026, against a 1.32% median for 22 IA banks with half to twice its assets, ahead of 82% of them.
What is First Citizens Bank's efficiency ratio?
46.24% in Q2 2026: it spent about 46 cents in noninterest expense for each dollar of revenue. The peer median is 53.09%, and lower is better.
Is First Citizens Bank growing its loans?
Net loans shrank 3.0% over the year to Q2 2026, while deposits shrank 3.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are IA banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Iowa bank ranked.