Citizens State Bank of New Castle, Indiana, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Citizens State Bank was organized on July 3, 1873, just three days after new banking laws went into effect in the state of Indiana. As a result, Citizens State Bank holds Indiana Bank Charter #3 and may be the oldest active Indiana bank.

In 1986, with an eye towards bringing their institutions together, The Bank of Montpelier was renamed Pacesetter Bank of Montpelier and First National Bank was renamed Pacesetter Bank of Hartford City. The three Blackford County banks – including their branches in Grant, Jay and Randolph Counties – were merged in 1997, becoming Pacesetter Bank.

Growth continued for the banks in the form of additional branches, improved technology, and consistently sound financial condition. Pacesetter Bank and Citizens State Bank were formally merged on September 21, 2013, and now operate as a single entity, Citizens State Bank.

Citizens State Bank of New Castle
1238 Broad Street New Castle
Indiana 47362
(888) 529-5450 Hartford City – Downtown
222 W. Washington St.
Hartford City
Phone: 765.348.1055

Hartford City - Walnut Street
1515 N. Walnut St. , Hartford City
Phone: 765.348.1055

Knightstown
475 N. McCullum St.
Knightstown
Phone: 765.345.2183

Lewisville
118 W. Main St.
Lewisville
Phone: 765.987.7895

Montpelier
110 S. Main St.
Montpelier
Phone: 765.728.2411