Mobile Banking

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Have You Downloaded Our App?

If you are an Online for Business customer you’re automatically enrolled in our easy-to-use mobile app. Simply download it from the App Store or Google Play and log in with the same credentials and token you currently use for online banking. The App is free. Simply search for cnbohio. You’ll have all the same permissions you currently have within Online for Business. If you’re interested in depositing checks through your phone, contact an Online for Business specialist to have it turned on – 800-262-4663 or businessonline@cnbohio.com.

– See more at: https://www.cnbohio.com/AboutUs/CNBNews/ExecutiveNewsletter/Default.aspx

 

Celina Citizens National Bank to Celebrate CNB Madness Customer Appreciation Day March 16

The Celina office of Citizens National Bank invites the public to join us for CNB Madness, our Customer Appreciation Day, which will be held on March 16, 2017. From 11 am – 1 pm customers will be served free pork brisket or shredded chicken sandwiches, chips, water and cookies.

“This event is our way of saying thank you to the Celina market for the success we’ve had over the last 12 years,” states Celina City President, Rod Stover. Attendees may enter to win door prizes and are encouraged to take a turn in the photo booth.

The Celina office opened in 2005 and is a full service financial center offering deposit accounts, mortgage and commercial lending as well as investments through Citizens Wealth Management Group. Visit us on the web at cnbohio.com to learn more.

Message from the President

J. Michael Romey, President/CEO

J. Michael Romey, President/CEO

Year in Review

Despite a somewhat volatile political backdrop and continued slow economy, Citizens National Bank experienced an excellent year in 2016. We have continued to show consistent asset growth and increased earnings. While our net interest margin continued to be under pressure from low interest rates and a flattening yield curve, our focus on decreasing operating expenses and increased loan growth has once again produced a record year.

Our strategy of relationship banking combined with real-time digital delivery of services has shown profitable results and will remain our primary focus as a bank. Some of the new products we introduced to support that strategy in 2016 included adding an online credit card application to our website and the introduction of our new app for managing debit cards called CardValet. This free app allows our customers to turn their debit card on and off in seconds and monitor its use through alerts in order to safeguard against fraud. We also began offering Positive Pay, a product that allows business customers to review and approve all checks written prior to them being cashed. The program automatically reviews items such as check amount and payee and flags items it feels may need further review. This product has already saved some companies thousands of dollars in potential fraudulent check activity.

Looking ahead to 2017 we have several new initiatives in the works including improving our retail loan origination process and offering payroll processing as a service for small business customers. We will also be offering instant issue of debit cards and credit cards right from our branches. This will allow new accounts to walk out the door with an active debit card they can use that same day. It will also make it much easier to replace a lost or stolen card.

We’re excited to see what the new year holds in store for our bank and its customers. Thanks for banking with us!

– See more at: https://www.cnbohio.com/AboutUs/CNBNews/ExecutiveNewsletter/Default.aspx

Brittany Brubaker Named Branch Operations Manager at Citizens National Bank

Brittany Brubaker, Defiance Branch ManagerCitizens National Bank (CNB) has named Brittany Brubaker Branch Operations Manager of their Defiance office. In this position, Brubaker is responsible for branch oversight, including daily operations, sales and financial performance.

Brittany has been employed with CNB since 2014, initially working as a Customer Service Representative in the Defiance office and most recently in Treasury Management. She is a graduate of the University of Northwestern Ohio with a Bachelor’s Degree in Marketing.

Brittany is a committee member for the Citizens National Bank Service Club. She also is a coach for the Pandora-Gilboa volleyball club. She and her husband reside in Hamler.

With offices in Bluffton, Celina, Defiance, Elida, Findlay, Lima, Springfield, Van Wert and Toledo, Citizens National Bank has assets totaling more than $770 million and has been serving the communities of West Central Ohio since 1920.

Crop Insurance Update

A farmer holds seed corn in his calloused hands (sepia tint added).Here are a few crop insurance updates to note for 2017. Information provided by Williamson Insurance Agency. Learn more at www.cropcoverage.com.

Prevent Plant – Crop insurance will now pay you 55% of your Revenue Guarantee (instead of 60%) if you qualify for a corn prevent plant payment. Popcorn and soybeans remain at 60%.

Replant – The policy now states that you must try to replant the first planted crop through the late planting period. Previously you could replant a different crop prior to the late planting period and still have coverage. The late period for corn now runs through June 30 so you must replant corn through that date if that was your original crop.

Entity Changes – Any entity name changes (LLC, DBA, etc.) had to have been filed with the Farm Services Agency prior to June 1, 2016 to be eligible for premium support on their 2017 crop insurance policy.

It’s important to keep good separate records for all farms in order to maximize potential payments for actual production. Otherwise, an average of all your farms may be used when figuring payments and only 75% of that will be figured as your farm production average.

– See more at: https://www.cnbohio.com/AboutUs/CNBNews/ExecutiveNewsletter/Default.aspx

 

Ag Outlook 2017

Bryce Knorr

Bryce Knorr, Farm Futures Magazine

Yields Projected Up but Production Costs Also Rising

Bryce Knorr, senior analyst with Farm Futures Magazine, recently presented at an event Citizens National Bank co-hosted with Williamson Insurance Agency. Knorr pointed out 2017 is the first year since 1983 that farmers plan to plant more soybeans than corn and pointed to increased production costs as the reason for lower profit margins than the 1980’s. Expected acreage of corn planted is projected to be down 3.7% while soybeans are projected to be up 8.5%. According to Knorr the USDA estimates yields for corn will be on average 174.6 bushels/acre and bean yields will be 15% higher than 2016 at 52.1 bushels/acre.

He predicts net farm income will be down again in 2017 and noted that the debt to asset ratio is trending upward – “although nowhere near the level of the 1980’s,” he assures. He feels rising interest rates may dampen land prices, although he was optimistic that there’s interest by money managers and hedge funds in buying more ag contracts. Average cash rent in Ohio is $150 per acre, which is flat from 2015-2016, which also plays into the cost of land prices not increasing.

Knorr’s advice to farmers was to remain cautious. He notes many farmers have purchased land or new equipment over the past few years when prices were at all-time highs. The difference he notes from the 1980’s crisis however was that most of them used excess cash to make those purchases rather than leveraging everything through loans. “This puts current farms in much better positions than in the past,” he notes.

In addition to analyzing and writing about the commodity markets, Knorr is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports.

– See more at: https://www.cnbohio.com/AboutUs/CNBNews/ExecutiveNewsletter/Default.aspx

 

What to Expect with the US Economy in 2017

Robert J. Morgan

Robert J. Morgan Austin Associates, LLC

Economist Robert J. Morgan, Austin Associates, LLC

“We’ve seen more growth in the last 6 quarters than the last 4-5 years,” stated Robert Morgan, economist with Austin Associates, when he recently spoke to several of Citizens National Bank’s business customers about the economic outlook for 2017. That statement speaks volumes about the direction Morgan feels our country is taking in regards to economic activity and the opportunity for businesses to expand over the next year. Real Gross Domestic Product (GDP) has traditionally trended around 2.5-3% for the US. Since the recession in 2009, that number has averaged below 2%. That changed in 2016 and Morgan predicts real GDP to be somewhere near 3.5% by the end of 2017. Seventy percent of real GDP is driven by personal consumption expenditures, how much people are willing to buy based upon their confidence in the economy and employment. Consumer confidence reached a record level in 2016. That combined with improved employment rates will result in continued spending by consumers.

Areas Morgan feels will contribute to that growth will be automotive and housing. “Vehicle sales will continue to increase as the average age of the fleet of cars in the US is still 9.3 years old,” explains Morgan. Home values will continue to rise as inventory of existing homes is extremely low and people will begin to build new homes in order to get the type of home they want. This will result in a strong construction sector.

“Cash balances for businesses have grown as business owners took a wait and see approach and held on to their capital. Their confidence is also beginning to build and they will begin to invest in fixed investments and expansion as their inventory has largely sold out and they need to create more product,” states Morgan.

Of course there are always uncertainties in the economy and Morgan cautions this optimistic outlook is based upon a labor market that continues to grow and foreign economic conditions not adversely affecting our domestic economy. Uncertainty about fiscal policy in regards to taxes, rising interest rates, increased regulation, and the simple demographics shift that shows baby boomers as the largest segment with very different needs and wants than the growing millennial generation will also play part in trends we see in the US economy. But overall, Morgan is very optimistic that we’ll continue to see positive growth over the next year.

To view the entire presentation, visit our YouTube channel – www.youtube.com/cnbohio.

– See more at: https://www.cnbohio.com/AboutUs/CNBNews/ExecutiveNewsletter/Default.aspx