8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)
March 2, 2007

First Citizens Banc Corp

(Exact name of Registrant as specified in its charter)

Ohio	0-25980	34-1558688
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification No.)

100 East Water Street, P.O. Box 5016, Sandusky, Ohio 44870

(Address of principle executive offices)

Registrant’s telephone number, including area code: (419) 625-4121

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On March 2, 2007, First Citizens Banc Corp issued a press release reporting its results for the year ended December 31, 2006. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(c) Exhibit 99.1 Press Release of First Citizens Banc Corp dated March 2, 2007

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	First Citizens Banc Corp
	(Registrant)
Date: March 2, 2007	/s/ James O. Miller
	James O. Miller, Executive Vice President

EX-99.1

Exhibit 99.1

PRESS RELEASE
March 2, 2007

First Citizens Banc Corp Announces Earnings

Sandusky, Ohio, March 2, 2007 — First Citizens Banc Corp (the “Corporation”) reported earnings of $6,160,000 for the year ended December 31, 2006, a decrease of $499,000, or 7.5%, from the $6,659,000 reported for the same period in 2005. Basic and fully diluted earnings per share were $1.12 for the year ended December 31, 2006, compared to $1.15 for the year ended December 31, 2005.

Net interest income was $30,261,000 for the year ended December 31, 2006, $586,000 or 1.9%, less than the $30,847,000 reported for the year ended December 31, 2005. Total interest income was $45,876,000 for the year ended December 31, 2006, compared to the $42,438,000 reported during the year ended December 31, 2005, as decreases in average loans outstanding were offset by an increase in the average yield on those loans. The increase in interest income was offset by a $4,024,000 increase in interest expense during the same period, primarily due to a shift from demand deposit accounts to other borrowings. In addition, the Corporation experienced a shift of deposits from lower rate certificates of deposit to higher, “special rate” certificates of deposit.

Noninterest income was $6,670,000 for 2006, compared to the $7,838,000 recorded for the year ended December 31, 2005, primarily due to two factors. During fiscal 2005, the Corporation recognized a $766,000 gain on the sale of two branches. No branch sales occurred during 2006. In addition, the Corporation experienced losses on the sale of Other Real Estate Owned of $663,000 in 2006, compared to $60,000 in 2005. Most of the losses in 2006 were related to the sale of two properties and therefore are not expected to recur.

Noninterest expense was $26,977,000 for the year ended 2006 compared to the $27,929,000 reported for the year ended December 31, 2005. The decrease of $952,000 resulted from management’s efforts to control noninterest expense, which included the consolidation of its two banks during the fourth quarter of 2005.

Total assets at December 31, 2006 were $748,986,000, compared to $750,936,000 at December 31, 2005. The Corporation’s assets shifted from the security portfolio and federal funds sold to loans while funding sources shifted from deposits to other borrowings.

This earnings report may contain certain forward-looking statements which are based on management’s current expectations regarding economic, legislative, and regulatory issues that may impact the Corporation’s earnings in future periods. Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, real estate values, and competition, changes in accounting principles, policies, or guidelines, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting the Corporation’s operations, pricing, products and services.

FIRST CITIZENS BANC CORP
Condensed, Consolidated Balance Sheets (unaudited)
(In thousands)

	December 31,		December 31,
	2006		2005
Assets
Cash and due from banks	$	17,860	$	20,261
Federal Funds Sold		—		25,510
Securities		119,398		136,674
Loans, net		549,665		514,770
Bank Owned Life Insurance		10,346		—
Other assets		51,717		53,721
Total assets	$	748,986	$	750,936
Liabilities and Shareholders’ Equity
Deposits		564,551		577,105
Other borrowings		96,754		81,402
Other liabilities		8,209		5,319
Total liabilities		669,514		663,826
Total shareholders’ equity		79,472		87,110
Total liabilities and shareholders’ equity	$	748,986	$	750,936

FIRST CITIZENS BANC CORP
Condensed, Consolidated Statements of Income (Unaudited)
(In thousands, except per share data)

	Year ended December 31,
	2006		2005
Total interest income		45,876		42,438
Total interest expense		15,615		11,591
Net interest income		30,261		30,847
Provision for loan losses		1,128		1,123
Net interest income after provision for loan losses		29,133		29,724
Noninterest income		6,670		7,838
Noninterest expense		26,977		27,929
Income tax expense		2,666		2,974
Net Income	$	6,160	$	6,659
Earnings per share:
Basic	$	1.12	$	1.15
Diluted	$	1.12	$	1.15
Dividends per share	$	1.12	$	1.12

For More Information Contact
Rich Dutton, Executive Vice President
(419) 625-4121