Bank · FDIC insured
First Citizens Bank
A $1.8B bank headquartered in Mason City, IA, with 7 branches in 2 states. Best rates: CDs 3.55% and savings 0.25% APY.
First Citizens Bank Carrot Score
65
Carrot Score
Higher than 13% of U.S. banks and credit unions
#7 of 9 in Mason City, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First Citizens Bank
Headquartered in Mason City, Iowa, First Citizens Bank is a locally owned community bank with seven locations serving North Iowa and Mora, Minnesota.
Formed in 1994 from the merger of four subsidiary banks, the institution merged with Kanabec State Bank in 2014 and adopted the First Citizens Bank name in 2016.
In 1999, the bank was named the first Farm Service Agency (FSA) preferred lender in the state of Iowa.
- Headquarters
- 2601 4th St Sw, Mason City, IA 50401
- FDIC certificate
- 4433 ↗
Branches
7 branches in 2 states
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Iowa
6 branches
Mason City area · 2
- First Citizens BankMain office2601 4th St Sw, Mason City, IA 50401Directions
- Downtown Branch33 E State St, Mason City, IA 50401Directions
Charles City area · 1
- 300 Main Branch300 N Main St, Charles City, IA 50616Directions
Clarion area · 1
- Clarion Branch315 Central Ave E, Clarion, IA 50525Directions
New Hampton area · 1
- New Hampton Branch124 W Main St, New Hampton, IA 50659Directions
Osage area · 1
- Osage Branch501 Main St, Osage, IA 50461Directions
Minnesota
1 branch
- Mora Branch730 Forest Ave E, Mora, MN 55051Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 11.96% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.16% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 2.09% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $84 | $88 | — |
- CapitalLeverage ratio11.96%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.16%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets2.09%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$84Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First Citizens Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.