Citizens Bank in Chariton, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 08, 2000

Citizens Bank in Chariton, Iowa (IA)
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Citizens Bank - Overview

General
FDIC Certificate #: 18607
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Bank (#18608)
Federal Reserve ID: 797645
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 13235
FDIC's unique #: 12492
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: October 15, 1962
Last Structure Change Effective Date: August 08, 2000
Last Structure Change Process Date: August 24, 2000
Last Data Update: August 24, 2000
Data Source Date: April 05, 2012
Location
Address: 201 North Main Street, Chariton, IA 50049
County: Lucas
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Des Moines
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $77.5 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
37Total employees (full-time equivalent)
$72,903Total assets
$1,813Cash and due from depository institutions
$15Interest-bearing balances
$20,120Securities
$0Federal funds sold & reverse repurchase agreements
$48,993Net loans & leases
$817Loan loss allowance
$0Trading account assets
$688Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,289All other assets
$72,903Total liabilities and capital
$67,835Total liabilities
$63,040Total deposits
$56,816Interest-bearing deposits
$63,040Deposits held in domestic offices
0.00%% insured (estimated)
$1,376Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,678Other borrowed funds
$0Subordinated debt
$741All other liabilities
$5,068Total equity capital
$5,068Total bank equity capital
$5,068Perpetual preferred stock
$0Common stock
$435Surplus
$2,015Undivided profits
Memoranda
$2,618Noncurrent loans and leases
$5,697Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$102Earning assets
$58Long-term assets (5+ years)
$917Average Assets, year-to-date
$69,128Average Assets, quarterly
$19,320Volatile liabilities
$70,100Insider loans
$72,855FHLB advances
$7,590Loans and leases held for sale
$1,128Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,697Total unused commitments
$718Restructured Loans and leases
$696Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$5,444Total interest income
$2,340Total interest expense
$3,104Net interest income
$230Provision for loan and lease losses
$826Total noninterest income
$0Fiduciary activities
$376Service charges on deposit accounts
$0Trading account gains & fees
$450Additional noninterest income
$2,186Total noninterest expense
$1,179Salaries and employee benefits
$243Premises and equipment expense
$764Additional noninterest expense
$1,514Pre-tax net operating income
$0Securities gains (losses)
$75Applicable income taxes
$1,439Income before extraordinary items
$0Extraordinary gains - net
$1,439Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$89Sale, conversion, retirement of capital stock, net
$1,052Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.19%Yield on earning assets
3.52%Cost of funding earning assets
4.67%Net interest margin
1.24%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
2.05%Net operating income to assets
2.05%Return on assets (ROA)
2.16%Pretax return on assets
27.41%Return on equity (ROE)
7.37%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
258.43%Credit loss provision to net charge-offs
19.60%Efficiency ratio
55,623Assets per employee
1.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.11%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
800.98%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.20%Net loans and leases to deposits
77.72%Net loans and leases to core deposits
84.00%Equity capital to assets
6.95%Core capital (leverage) ratio
7.69%Tier 1 risk-based capital ratio
10.04%Total risk-based capital ratio
Memoranda
$11Average assets
$70,100Average earning assets
$5,251Average equity
$66,444Average loans

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