Citizens State Bank of Echo in Echo, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 09, 1995

Citizens State Bank of Echo in Echo, Minnesota (MN)
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Citizens State Bank of Echo - Overview

General
FDIC Certificate #: 16736
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Yellow Medicine County Bank (#8854)
Federal Reserve ID: 379751
Date Established: May 02, 1936
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10855
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: September 30, 1948
Last Structure Change Effective Date: October 09, 1995
Last Structure Change Process Date: October 30, 1995
Last Data Update: October 30, 1995
Data Source Date: April 05, 2012
Location
Address: 361 2nd Avenue, Echo, MN 56237
County: Yellow Medicine
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux Falls
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $10.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$10,686Cash and due from depository institutions
$520Interest-bearing balances
$0Securities
$3,901Federal funds sold & reverse repurchase agreements
$450Net loans & leases
$5,477Loan loss allowance
$99Trading account assets
$0Bank premises and fixed assets
$94Other real estate owned
$0Goodwill and other intangibles
$244Life insurance assets
$0All other assets
$0Total liabilities and capital
$10,686Total liabilities
$9,488Total deposits
$9,401Interest-bearing deposits
$8,188Deposits held in domestic offices
9401.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$87Total equity capital
$87Total bank equity capital
$1,198Perpetual preferred stock
$0Common stock
$25Surplus
$875Undivided profits
Memoranda
$298Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13Income earned, not collected on loans
$143Earning assets
$9,828Long-term assets (5+ years)
$856Average Assets, year-to-date
$11,072Average Assets, quarterly
$10,952Volatile liabilities
$279Insider loans
$227FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,229Total risk weighted assets
$6,345Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$745Total interest expense
$306Net interest income
$439Provision for loan and lease losses
$90Total noninterest income
$33Fiduciary activities
$0Service charges on deposit accounts
$15Trading account gains & fees
$0Additional noninterest income
$18Total noninterest expense
$381Salaries and employee benefits
$243Premises and equipment expense
$40Additional noninterest expense
$98Pre-tax net operating income
$1Securities gains (losses)
$0Applicable income taxes
-$5Income before extraordinary items
$6Extraordinary gains - net
$0Net income attributable to bank
$6Net charge-offs
$132Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.30%Cost of funding earning assets
3.00%Net interest margin
4.30%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
3.73%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.01%Return on equity (ROE)
0.49%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
2.31%Credit loss provision to net charge-offs
68.18%Efficiency ratio
80,720Assets per employee
1.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
761.54%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.23%Net loans and leases to deposits
58.26%Net loans and leases to core deposits
60.04%Equity capital to assets
11.21%Core capital (leverage) ratio
11.06%Tier 1 risk-based capital ratio
19.37%Total risk-based capital ratio
Memoranda
$21Average assets
$11,072Average earning assets
$1,231Average equity
$10,202Average loans

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