Citizens Bank in Morris, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

  • Citizens Bank in Morris, Minnesota (MN)
  • Show street view No street view available for this location

Citizens Bank - Overview

  • General
  • FDIC Certificate #: 8194
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First National Bank (#15386)
    Federal Reserve ID: 708557
    Date Established: May 01, 1896
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 5220
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1993
    Last Structure Change Process Date: October 06, 1993
    Last Data Update: October 06, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Atlantic Avenue, Morris, MN 56267
    County: Stevens
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Fargo
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $37.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $23Total assets
  • $39,868Cash and due from depository institutions
  • $2,823Interest-bearing balances
  • $0Securities
  • $12,768Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $22,446Loan loss allowance
  • $362Trading account assets
  • $0Bank premises and fixed assets
  • $1,091Other real estate owned
  • $0Goodwill and other intangibles
  • $740Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $39,868Total liabilities
  • $36,945Total deposits
  • $36,356Interest-bearing deposits
  • $32,605Deposits held in domestic offices
  • 36356.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $589Total equity capital
  • $589Total bank equity capital
  • $2,923Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $1,250Undivided profits
  • Memoranda
  • $1,173Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $374Earning assets
  • $35,214Long-term assets (5+ years)
  • $1,510Average Assets, year-to-date
  • $38,855Average Assets, quarterly
  • $39,156Volatile liabilities
  • $1,311Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $146Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,923Total risk weighted assets
  • $25,132Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,086Total interest expense
  • $1,543Net interest income
  • $1,543Provision for loan and lease losses
  • $0Total noninterest income
  • $232Fiduciary activities
  • $0Service charges on deposit accounts
  • $154Trading account gains & fees
  • $0Additional noninterest income
  • $78Total noninterest expense
  • $1,133Salaries and employee benefits
  • $602Premises and equipment expense
  • $260Additional noninterest expense
  • $271Pre-tax net operating income
  • $642Securities gains (losses)
  • $0Applicable income taxes
  • $201Income before extraordinary items
  • $441Extraordinary gains - net
  • $0Net income attributable to bank
  • $441Net charge-offs
  • $10Cash dividends
  • $330Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.99%Cost of funding earning assets
  • 4.50%Net interest margin
  • 4.50%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 1.65%Return on equity (ROE)
  • 15.03%Retained earnings to average equity (YTD only)
  • 3.78%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,831Assets per employee
  • 1.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.83%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 882.93%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 61.74%Net loans and leases to core deposits
  • 64.05%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.45%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $38,855Average earning assets
  • $2,934Average equity
  • $34,316Average loans

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