Citizens First Bank (merged into Seacoast National Bank)
Citizens First Bank reported total assets of $4.1 bn at Q3 2025, its last Call Report before it merged into Seacoast National Bank. The CET1 capital ratio at Citizens First Bank was 21.18%, and the uninsured share of Citizens First Bank was 27.45%. Source: FDIC Call Reports.
What sets Citizens First Bank apart
Nothing in the latest data sets Citizens First Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Citizens First Bank?
The balance sheet of Citizens First Bank at : assets $4.1 bn, deposits $3.4 bn, net loans $1.2 bn (loans equal to 36.56% of deposits). Securities make up 62.4% of total assets at Citizens First Bank. Since , when Citizens First Bank held $2.0 bn, its assets grew 105.7%. In the year to , deposits at Citizens First Bank rose 3.1% while its total assets rose 4.2%. At , Citizens First Bank employed 393 full-time equivalent staff across 20 offices, about $10.3 mn of assets per employee and $170.9 mn of deposits per office.
How much funding at Citizens First Bank is uninsured?
At Citizens First Bank, uninsured deposits (above the FDIC limit) made up 27.45% of domestic deposits at (+1.29 pp on a year earlier). In dollars, Citizens First Bank estimated $938.3 mn of uninsured deposits.
Key facts, Q3 2025
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.4 bn | $3.3 bn (Q3 2024) | |
| Net loans and leases | $1.2 bn | $1.2 bn (Q3 2024) | |
| Loan-to-deposit ratio | 36.56% | 37.34% (Q3 2024) | |
| Tier 1 leverage ratio | 13.47% | 12.93% (Q3 2024) | |
| Total risk-based capital ratio | 22.15% | 20.07% (Q3 2024) | |
| Net interest margin | 2.88% | 2.59% (Q3 2024) | |
| Return on assets (ROA) | 1.27% | 0.95% (Q3 2024) | |
| Efficiency ratio | 49.93% | 53.24% (Q3 2024) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $78.0 mn | Narrowed by $19.1 mn | |
| Noncurrent loans to total loans | 0.08% | 0.18% (Q3 2024) | |
| Net charge-offs to average loans | 0.01% | 0.00% (Q3 2024) |
US rank of Citizens First Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Citizens First Bank: assets, deposits and loans
- Total assets $4.1bn
- Deposits $3.4bn
- Net loans $1.2bn
Capital and securities
The CET1 ratio of Citizens First Bank stood at 21.18% in , +2.07 pp year on year. Low and high at Citizens First Bank since : 14.71% () to 21.56% (). Equity capital of Citizens First Bank at : $501.1 mn, or 12.3% of total assets. Citizens First Bank also reported a total capital ratio of 22.15% for , and a tier 1 leverage ratio of 13.47%.
The available-for-sale portfolio of Citizens First Bank showed an unrealized loss of $78.0 mn at ; the loss narrowed by $19.1 mn over the year.
Citizens First Bank: capital ratios
- Total capital 22%
- CET1 21%
- Tier 1 leverage 13%
Citizens First Bank: unrealized securities gains and losses
- Available for sale -$78mn
- Held to maturity $0
Profitability and loan quality
For the year to , Citizens First Bank earned a return on equity of 11.38%; return on assets: 1.27%. Net interest margin at Citizens First Bank: 2.88%, +0.29 pp in a year. Citizens First Bank net income: $38.6 mn, up 42.6% year on year. The efficiency ratio of Citizens First Bank was 49.93%: about 50 cents cost per revenue dollar, against 56 cents at the median peer.
At , noncurrent loans were 0.08% of total loans at Citizens First Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at Citizens First Bank: $1.3 bn at , against $1.3 bn at .
Citizens First Bank: profitability
- Return on equity 11%
- Net interest margin 2.9%
- Return on assets 1.3%
Peer group of Citizens First Bank
The peer group of Citizens First Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Citizens First Bank (state nonmember bank) and 0 have head offices in Florida. Against them, Citizens First Bank shows CET1 ratio 21.18% against a peer median of 12.94%, return on equity 11.38% against a peer median of 10.79% and uninsured deposit share 27.45% against a peer median of 34.00%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Civista Bank | State member bank | OH | $4.1 bn | 15.38% | 10.24% | 15.81% | |
| California Bank of Commerce | National bank | CA | $4.1 bn | 12.94% | 11.35% | 48.67% | |
| Union Savings Bank | State-chartered stock savings and loan association | OH | $4.1 bn | not reported | 16.70% | 13.74% | |
| Citizens First Bank | State nonmember bank | FL | $4.1 bn | 21.18% | 11.38% | 27.45% | |
| First Business Bank | State nonmember bank | WI | $4.0 bn | 11.08% | 13.66% | 33.01% | |
| First Bank | State nonmember bank | NJ | $4.0 bn | 10.15% | 9.96% | 34.98% | |
| Spencer Savings Bank, SLA | State-chartered stock savings and loan association | NJ | $4.0 bn | 16.59% | 4.01% | 41.70% | |
. FDIC Call Reports.
Last eight quarters
Two years at Citizens First Bank, to : assets $3.7 bn to $4.1 bn, deposits $3.1 bn to $3.4 bn, equity $376.6 mn to $501.1 mn. Staff 385 to 393; offices 17 to 20.
| Metric | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.7 bn | $3.8 bn | $3.8 bn | $3.9 bn | $4.0 bn | $4.1 bn | $4.1 bn | $4.1 bn |
| Total deposits | $3.1 bn | $3.3 bn | $3.3 bn | $3.3 bn | $3.3 bn | $3.5 bn | $3.5 bn | $3.4 bn |
| Bank equity capital | $376.6 mn | $373.1 mn | $378.3 mn | $435.6 mn | $406.6 mn | $439.3 mn | $463.6 mn | $501.1 mn |
| CET1 ratio | 18.44% | 18.44% | 18.78% | 19.11% | 19.32% | 19.58% | 19.88% | 21.18% |
| Return on equity (ROE) | 13.49% | 7.43% | 9.09% | 9.25% | 10.03% | 10.84% | 10.60% | 11.38% |
| Uninsured share of domestic deposits | 23.09% | 25.47% | 25.41% | 26.16% | 24.91% | 25.51% | 27.01% | 27.45% |
| Full-time equivalent employees | 385 | 389 | 392 | 402 | 391 | 405 | 403 | 393 |
| Number of offices | 17 | 17 | 18 | 19 | 19 | 19 | 20 | 20 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Citizens First Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Seacoast National Bank (FDIC certificate 131).
Questions and identifiers
What were the total assets of Citizens First Bank?
Citizens First Bank reported $4.1 bn at in its Call Report.
Is Citizens First Bank the same as its holding company?
No. This page covers Citizens First Bank, FDIC certificate 33440; VILLAGES BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Citizens First Bank profitable?
Citizens First Bank reported net income of $38.6 mn for the year to ; annualized return on equity: 11.38%. So yes: Citizens First Bank made a profit over these months.
When is data for Citizens First Bank next updated?
Citizens First Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Citizens First Bank?
In the FDIC BankFind Suite record for certificate 33440, and in the Call Reports of Citizens First Bank (RSSD ID 1867983) at the FFIEC Central Data Repository.