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First Citizens State Bank, Financial Information

AboutFirst Citizens State Bank

 Address:
207 West Main Street
Whitewater,WI
Walworth County,Wisconsin
 Established:
Oct 1863
 Number of domestic offices:
8
Total assets$374M
Net income$4M
Net income,quarterly$1M
Total deposits$298M
Domestic deposits$298M
Equity capital$67M
ROA1.23%
ROAQ,quarterly1.29%
ROA,pretax1.29%
ROAQ,quarterly,pretax1.62%
ROE6.55%
ROEQ,quarterly7.07%
UpdatedMay 20, 2021

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.

The roots of First Citizens State Bank go back to the start of The First National Bank of Whitewater in 1863. The First National Bank of Whitewater, the forerunner of First Citizens State Bank, was the third national bank chartered in the State of Wisconsin and the one hundred and twenty-fourth in the United States. It was organized in response to a decided demand on the part of the community for adequate banking facilities. The bank opened for business on January 2, 1864 in downtown Whitewater.

In 1931, the First National and the Citizens State Bank were merged into The First Citizens State Bank. National Bank regulations on loans secured by real estate mortgages were restrictive to the point that operation under a state charter appeared to offer opportunity of greater service to the community. Combining the assets of the two banks provided a broader base of usefulness to the community. At the completion of over one hundred and fifty years of existence in Whitewater and with assets now exceeding $200 million, a view of the past gives a clue to the future.

The main office is located in downtown Whitewater and the bank have a branch bank located near Whitewater Lake in the Kettle Moraine area, and a west branch located across from McDonald's in Whitewater. First Citizens State Bank also have a branch in East Troy and have many ATM locations.

First Citizens State Bank - Main Office
207 West Main Street
Whitewater, Wisconsin 53190
Phone: (262) 473-2112
Fax: (262) 473-5769

First Citizens State Bank - West Office
1058 West Main Street
Whitewater, Wisconsin 53190
Phone: (262) 473-3666
Fax: (262) 473-6540

First Citizens State Bank - Lake Branch
W7644 Kettle Moraine Dr.
Whitewater, Wisconsin 53190
Phone: (262) 473-6600

First Citizens State Bank - East Troy Office
2546 East Main Street
East Troy, Wisconsin 53120
Phone: (262) 642-2530
Fax: (262) 642-7727

Historical Data