FDIC Certificate #: 8838 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens State Bank - Midwest (#15333) Federal Reserve ID: 801551 Date Established: June 07, 1901 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 5633 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: January 01, 1934 Last Structure Change Effective Date: October 01, 1999 Last Structure Change Process Date: November 09, 1999 Last Data Update: November 09, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Stephen, MN 56757 County: Marshall Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
Financial Summary
Total assets: $33.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$34,143Total assets
$1,260Cash and due from depository institutions
$0Interest-bearing balances
$15,337Securities
$5,500Federal funds sold & reverse repurchase agreements
$11,490Net loans & leases
$289Loan loss allowance
$0Trading account assets
$34Bank premises and fixed assets
$29Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$493All other assets
$34,143Total liabilities and capital
$27,099Total liabilities
$26,914Total deposits
$22,519Interest-bearing deposits
$26,914Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$185All other liabilities
$7,044Total equity capital
$7,044Total bank equity capital
$7,044Perpetual preferred stock
$0Common stock
$100Surplus
$1,150Undivided profits
Memoranda
$5,794Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$856Earning assets
$12Long-term assets (5+ years)
$229Average Assets, year-to-date
$32,327Average Assets, quarterly
$407Volatile liabilities
$32,940Insider loans
$33,636FHLB advances
$333Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$15,425Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,202Total interest income
$868Total interest expense
$1,334Net interest income
$50Provision for loan and lease losses
$89Total noninterest income
$0Fiduciary activities
$76Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$1,123Total noninterest expense
$830Salaries and employee benefits
$74Premises and equipment expense
$219Additional noninterest expense
$250Pre-tax net operating income
$0Securities gains (losses)
$89Applicable income taxes
$161Income before extraordinary items
$0Extraordinary gains - net
$161Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
2.80%Cost of funding earning assets
4.31%Net interest margin
0.29%Noninterest income to earning assets
3.63%Noninterest expense to earning assets
0.49%Net operating income to assets
0.49%Return on assets (ROA)
0.76%Pretax return on assets
2.31%Return on equity (ROE)
2.31%Retained earnings to average equity (YTD only)
0.78%Net charge-offs to loans
50.00%Credit loss provision to net charge-offs
3.00%Efficiency ratio
78,918Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.45%Loss allowance to noncurrent loans
33.76%Noncurrent assets plus other real estate owned to assets
2.59%Noncurrent loans to loans
7.27%Net loans and leases to deposits
42.69%Net loans and leases to core deposits
43.23%Equity capital to assets
20.63%Core capital (leverage) ratio
20.74%Tier 1 risk-based capital ratio
45.57%Total risk-based capital ratio
Memoranda
$47Average assets
$32,940Average earning assets
$6,969Average equity
$30,948Average loans
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