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

This bank is inactive as of September 11, 2006

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

Citizens State Bank of Waterville - Overview

  • General
  • FDIC Certificate #: 15918
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley Bank (#18845)
    Federal Reserve ID: 191458
    Date Established: June 04, 1904
    WWW: http://www.watervillebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10150
    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: December 14, 1942
    Last Structure Change Effective Date: September 11, 2006
    Last Structure Change Process Date: October 05, 2006
    Last Data Update: October 05, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 East Main Street, Waterville, MN 56096
    County: Le Sueur
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $22.4 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, 2005)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $22,907Total assets
  • $1,231Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,225Securities
  • $700Federal funds sold & reverse repurchase agreements
  • $13,518Net loans & leases
  • $141Loan loss allowance
  • $0Trading account assets
  • $325Bank premises and fixed assets
  • $0Other real estate owned
  • $369Goodwill and other intangibles
  • $0Life insurance assets
  • $539All other assets
  • $22,907Total liabilities and capital
  • $20,449Total liabilities
  • $20,323Total deposits
  • $15,979Interest-bearing deposits
  • $20,323Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $126All other liabilities
  • $2,458Total equity capital
  • $2,458Total bank equity capital
  • $2,458Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,883Undivided profits
  • Memoranda
  • $475Noncurrent loans and leases
  • $3,539Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $45Earning assets
  • $0Long-term assets (5+ years)
  • $163Average Assets, year-to-date
  • $20,443Average Assets, quarterly
  • $112Volatile liabilities
  • $22,883Insider loans
  • $22,968FHLB advances
  • $1,067Loans and leases held for sale
  • $25Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,539Total unused commitments
  • $0Restructured Loans and leases
  • $141Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $1,237Total interest income
  • $223Total interest expense
  • $1,014Net interest income
  • $7Provision for loan and lease losses
  • $186Total noninterest income
  • $0Fiduciary activities
  • $113Service charges on deposit accounts
  • $0Trading account gains & fees
  • $73Additional noninterest income
  • $656Total noninterest expense
  • $366Salaries and employee benefits
  • $68Premises and equipment expense
  • $222Additional noninterest expense
  • $537Pre-tax net operating income
  • $2Securities gains (losses)
  • $22Applicable income taxes
  • $517Income before extraordinary items
  • $0Extraordinary gains - net
  • $517Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $254Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.95%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 2.26%Return on assets (ROA)
  • 2.36%Pretax return on assets
  • 22.46%Return on equity (ROE)
  • 11.42%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 350.00%Credit loss provision to net charge-offs
  • 272.00%Efficiency ratio
  • 54,667Assets per employee
  • 3.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.13%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 313.33%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 66.52%Net loans and leases to core deposits
  • 70.20%Equity capital to assets
  • 10.73%Core capital (leverage) ratio
  • 9.69%Tier 1 risk-based capital ratio
  • 14.63%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $22,883Average earning assets
  • $2,302Average equity
  • $20,505Average loans

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 of Waterville.
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.
Table of Contents