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

This bank is inactive as of April 25, 1994

Citizens State Bank in Webb, Iowa (IA)
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Citizens State Bank - Overview

General
FDIC Certificate #: 16586
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Community State Bank (#230)
Federal Reserve ID: 203744
Date Established: January 01, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10731
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: June 12, 1947
Last Structure Change Effective Date: April 25, 1994
Last Structure Change Process Date: May 10, 1994
Last Data Update: May 10, 1994
Data Source Date: April 05, 2012
Location
Address: 309-11 Main Street, Webb, IA 51366
County: Clay
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Spencer, IA (#43980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $10.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$10,633Cash and due from depository institutions
$511Interest-bearing balances
$198Securities
$3,561Federal funds sold & reverse repurchase agreements
$575Net loans & leases
$5,520Loan loss allowance
$161Trading account assets
$0Bank premises and fixed assets
$163Other real estate owned
$71Goodwill and other intangibles
$232Life insurance assets
$0All other assets
$0Total liabilities and capital
$10,633Total liabilities
$9,785Total deposits
$9,687Interest-bearing deposits
$8,634Deposits held in domestic offices
9687.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$33Subordinated debt
$0All other liabilities
$65Total equity capital
$65Total bank equity capital
$848Perpetual preferred stock
$0Common stock
$30Surplus
$570Undivided profits
Memoranda
$248Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$172Income earned, not collected on loans
$145Earning assets
$9,854Long-term assets (5+ years)
$1,648Average Assets, year-to-date
$10,783Average Assets, quarterly
$10,552Volatile liabilities
$233Insider loans
$37FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$438Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$848Total risk weighted assets
$6,772Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$787Total interest expense
$347Net interest income
$440Provision for loan and lease losses
$14Total noninterest income
$91Fiduciary activities
$0Service charges on deposit accounts
$45Trading account gains & fees
$0Additional noninterest income
$46Total noninterest expense
$421Salaries and employee benefits
$217Premises and equipment expense
$41Additional noninterest expense
$163Pre-tax net operating income
$96Securities gains (losses)
$4Applicable income taxes
$14Income before extraordinary items
$86Extraordinary gains - net
$0Net income attributable to bank
$86Net charge-offs
$18Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.92%Cost of funding earning assets
3.49%Net interest margin
4.43%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
4.24%Net operating income to assets
0.77%Return on assets (ROA)
0.80%Pretax return on assets
0.93%Return on equity (ROE)
10.84%Retained earnings to average equity (YTD only)
10.84%Net charge-offs to loans
0.31%Credit loss provision to net charge-offs
77.78%Efficiency ratio
79,284Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.83%Loss allowance to noncurrent loans
93.60%Noncurrent assets plus other real estate owned to assets
2.29%Noncurrent loans to loans
3.03%Net loans and leases to deposits
56.98%Net loans and leases to core deposits
58.18%Equity capital to assets
7.98%Core capital (leverage) ratio
7.88%Tier 1 risk-based capital ratio
12.52%Total risk-based capital ratio
Memoranda
$14Average assets
$10,783Average earning assets
$793Average equity
$9,939Average loans

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