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

This bank is inactive as of June 01, 2007

  • Citizens State Bank in Oakland, Iowa (IA)
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Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 5810
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Arbor Bank (#33450)
    Federal Reserve ID: 257840
    Date Established: December 23, 1881
    WWW: http://www.csboak.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13852
    FDIC's unique #: 3970
    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: June 01, 2007
    Last Structure Change Process Date: June 12, 2007
    Last Data Update: June 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Oakland Avenue, Oakland, IA 51560
    County: Pottawattamie
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Omaha
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
    Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
    Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
    CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
  • Financial Summary
  • Total assets: $80.3 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, 2006)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $81,634Total assets
  • $1,619Cash and due from depository institutions
  • $47Interest-bearing balances
  • $6,925Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,810Net loans & leases
  • $989Loan loss allowance
  • $0Trading account assets
  • $805Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,475All other assets
  • $81,634Total liabilities and capital
  • $74,154Total liabilities
  • $63,940Total deposits
  • $58,138Interest-bearing deposits
  • $63,940Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $400Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,457Other borrowed funds
  • $0Subordinated debt
  • $357All other liabilities
  • $7,480Total equity capital
  • $7,480Total bank equity capital
  • $7,480Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $1,000Undivided profits
  • Memoranda
  • $6,230Noncurrent loans and leases
  • $9,766Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $510Earning assets
  • $0Long-term assets (5+ years)
  • $905Average Assets, year-to-date
  • $77,782Average Assets, quarterly
  • $4,875Volatile liabilities
  • $77,161Insider loans
  • $80,344FHLB advances
  • $17,680Loans and leases held for sale
  • $21Unused loan commitments
  • $9,457Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,766Total unused commitments
  • $0Restructured Loans and leases
  • $766Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,504Total interest income
  • $2,604Total interest expense
  • $2,900Net interest income
  • $102Provision for loan and lease losses
  • $279Total noninterest income
  • $3Fiduciary activities
  • $163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $113Additional noninterest income
  • $1,250Total noninterest expense
  • $883Salaries and employee benefits
  • $153Premises and equipment expense
  • $214Additional noninterest expense
  • $1,827Pre-tax net operating income
  • -$6Securities gains (losses)
  • $91Applicable income taxes
  • $1,730Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,730Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $1,487Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.47%Yield on earning assets
  • 3.53%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 1.70%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 2.24%Return on assets (ROA)
  • 2.36%Pretax return on assets
  • 24.15%Return on equity (ROE)
  • 3.39%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1020.00%Credit loss provision to net charge-offs
  • 192.90%Efficiency ratio
  • 39,321Assets per employee
  • 5.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.95%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 193.92%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 110.74%Net loans and leases to core deposits
  • 145.39%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 12.30%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $77,161Average earning assets
  • $7,163Average equity
  • $73,708Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $923Managed Assets
  • 1Number of Accounts
  • $923Personal trust and agency accounts
  • $756Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $167Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 5Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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