Citizens State Bank Norwood Young America - Overview
General
FDIC Certificate #: 1933 Status: Active Federal Reserve ID: 875655 Bank Holding Company (Regulatory Top Holder): Piesco, Inc. (RSSDID: 2780717, Location: Springfield, MN) Date Established: June 05, 1914 WWW:http://www.citizensstatebanknya.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 1298 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 409 Faxon Road, Norwood Young America, MN 55368 County: Carver Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $87.6 mil Equity capital: $10.4 mil Deposits held in domestic offices: $73.5 mil Return on assets (ROA): 0.62% ($0.5 mil) Quarterly return on assets: -0.86% (-$0.8 mil) Return on Equity (ROE): 5.23% ($0.5 mil) Quarterly return on equity: -7.21% (-$0.7 mil) Net income: $0.5 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.62% ($543.4 mil) Quarterly Pretax return on assets: -0.86% (-$753.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
19Total employees (full-time equivalent)
$87,648Total assets
$14,588Cash and due from depository institutions
$12,533Interest-bearing balances
$2,019Securities
$0Federal funds sold & reverse repurchase agreements
$61,419Net loans & leases
$642Loan loss allowance
$0Trading account assets
$2,472Bank premises and fixed assets
$1,993Other real estate owned
$3,166Goodwill and other intangibles
$87,649Life insurance assets
$1,991All other assets
$77,248Total liabilities and capital
$73,522Total liabilities
$63,524Total deposits
$73,522Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,500Trading liabilities
$0Other borrowed funds
$226Subordinated debt
$10,401All other liabilities
$10,401Total equity capital
$10,401Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$7,042Surplus
$3,209Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,959Income earned, not collected on loans
$0Earning assets
$416Long-term assets (5+ years)
$75,971Average Assets, year-to-date
$1,253Average Assets, quarterly
$88,314Volatile liabilities
$88,513Insider loans
$66,791FHLB advances
$85,419Loans and leases held for sale
$185Unused loan commitments
$185Tier 1 (core) risk-based capital
$7,225Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,350Restructured Loans and leases
$1,630Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,397Total interest income
$1,225Total interest expense
$3,172Net interest income
$425Provision for loan and lease losses
$335Total noninterest income
$0Fiduciary activities
$188Service charges on deposit accounts
$0Trading account gains & fees
$147Additional noninterest income
$2,533Total noninterest expense
$1,478Salaries and employee benefits
$339Premises and equipment expense
$716Additional noninterest expense
$549Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$547Income before extraordinary items
$0Extraordinary gains - net
$547Net income attributable to bank
$0Net charge-offs
$547Cash dividends
$359Sale, conversion, retirement of capital stock, net
$589Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.75%Yield on earning assets
1.60%Cost of funding earning assets
4.15%Net interest margin
0.44%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.62%Pretax return on assets
5.23%Return on equity (ROE)
-0.40%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
118.38%Credit loss provision to net charge-offs
2.71%Efficiency ratio
72,227Assets per employee
4.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
107.68%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
32.77%Noncurrent assets plus other real estate owned to assets
4.51%Noncurrent loans to loans
3.16%Net loans and leases to deposits
83.54%Net loans and leases to core deposits
89.21%Equity capital to assets
11.87%Core capital (leverage) ratio
8.46%Tier 1 risk-based capital ratio
10.82%Total risk-based capital ratio
Memoranda
$12Average assets
$88,314Average earning assets
$10,458Average equity
$76,429Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
1298
Citizens State Bank Norwood Young Am
409 Faxon Road, Norwood Young America, MN 55368
June 05, 1914
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Citizens State Bank Norwood Young America.
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: