FDIC Certificate #: 5822 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fidelity Bank & Trust (#14382) Federal Reserve ID: 403348 Date Established: July 10, 1891 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15656 FDIC's unique #: 3980 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 17, 2009 Last Structure Change Process Date: August 14, 2009 Last Data Update: August 14, 2009 Data Source Date: April 05, 2012
Location
Address: 820 11th Avenue, S.W., Waukon, IA 52172 County: Allamakee Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Cedar Rapids Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $66.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
23Total employees (full-time equivalent)
$67,107Total assets
$2,684Cash and due from depository institutions
$245Interest-bearing balances
$2,731Securities
$2,305Federal funds sold & reverse repurchase agreements
$53,107Net loans & leases
$324Loan loss allowance
$0Trading account assets
$1,452Bank premises and fixed assets
$1,007Other real estate owned
$2,306Goodwill and other intangibles
$0Life insurance assets
$1,515All other assets
$67,107Total liabilities and capital
$58,210Total liabilities
$53,053Total deposits
$46,480Interest-bearing deposits
$53,053Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,834Other borrowed funds
$0Subordinated debt
$323All other liabilities
$8,897Total equity capital
$8,897Total bank equity capital
$8,897Perpetual preferred stock
$0Common stock
$100Surplus
$6,500Undivided profits
Memoranda
$2,297Noncurrent loans and leases
$5,919Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,838Earning assets
$0Long-term assets (5+ years)
$452Average Assets, year-to-date
$58,388Average Assets, quarterly
$4,436Volatile liabilities
$70,477Insider loans
$67,033FHLB advances
$6,542Loans and leases held for sale
$18Unused loan commitments
$4,834Tier 1 (core) risk-based capital
$8,273Tier 2 risk-based capital
$0Total risk weighted assets
$5,919Total unused commitments
$1,066Restructured Loans and leases
$324Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,144Total interest income
$1,824Total interest expense
$2,320Net interest income
$210Provision for loan and lease losses
$748Total noninterest income
$9Fiduciary activities
$463Service charges on deposit accounts
$0Trading account gains & fees
$276Additional noninterest income
$2,225Total noninterest expense
$1,195Salaries and employee benefits
$384Premises and equipment expense
$646Additional noninterest expense
$633Pre-tax net operating income
$0Securities gains (losses)
$228Applicable income taxes
$405Income before extraordinary items
$0Extraordinary gains - net
$405Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$298Sale, conversion, retirement of capital stock, net
$210Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.63%Yield on earning assets
2.92%Cost of funding earning assets
3.71%Net interest margin
1.20%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.90%Pretax return on assets
4.58%Return on equity (ROE)
2.20%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
70.47%Credit loss provision to net charge-offs
2.83%Efficiency ratio
72,164Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.85%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
17.63%Noncurrent assets plus other real estate owned to assets
4.24%Noncurrent loans to loans
3.44%Net loans and leases to deposits
100.10%Net loans and leases to core deposits
111.07%Equity capital to assets
13.26%Core capital (leverage) ratio
10.02%Tier 1 risk-based capital ratio
12.25%Total risk-based capital ratio
Memoranda
$13Average assets
$70,477Average earning assets
$8,849Average equity
$62,457Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with CITIZENS STATE BANK.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: