The Citizens National Bank of Park Rapids - Overview
General
FDIC Certificate #: 5223 Status: Active Federal Reserve ID: 877752 Bank Holding Company (Regulatory Top Holder): Park Rapids Bancshares, Inc. (RSSDID: 1124613, Location: Park Rapids, MN) Date Established: January 01, 1933 WWW:http://www.cnbbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14674 FDIC's unique #: 3509 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending 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: 300 West First Street, Park Rapids, MN 56470 County: Hubbard 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $203.6 mil Equity capital: $19.9 mil Deposits held in domestic offices: $181.2 mil Return on assets (ROA): 1.64% ($3.3 mil) Quarterly return on assets: 1.59% ($3.2 mil) Return on Equity (ROE): 17.56% ($3.5 mil) Quarterly return on equity: 16.28% ($3.3 mil) Net income: $3.3 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.64% ($3,338.4 mil) Quarterly Pretax return on assets: 1.59% ($3,236.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
47Total employees (full-time equivalent)
$203,561Total assets
$9,824Cash and due from depository institutions
$7,229Interest-bearing balances
$47,365Securities
$2,025Federal funds sold & reverse repurchase agreements
$136,616Net loans & leases
$2,292Loan loss allowance
$0Trading account assets
$2,542Bank premises and fixed assets
$1,114Other real estate owned
$0Goodwill and other intangibles
$203,561Life insurance assets
$4,075All other assets
$183,617Total liabilities and capital
$181,225Total liabilities
$164,231Total deposits
$181,225Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$443Trading liabilities
$0Other borrowed funds
$1,949Subordinated debt
$19,944All other liabilities
$19,944Total equity capital
$19,944Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$230Surplus
$19,594Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,249Income earned, not collected on loans
$0Earning assets
$1,270Long-term assets (5+ years)
$193,235Average Assets, year-to-date
$50,426Average Assets, quarterly
$199,053Volatile liabilities
$200,886Insider loans
$136,303FHLB advances
$205,062Loans and leases held for sale
$2,042Unused loan commitments
$2,042Tier 1 (core) risk-based capital
$18,879Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,139Restructured Loans and leases
$679Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,784Total interest income
$1,684Total interest expense
$8,100Net interest income
$240Provision for loan and lease losses
$686Total noninterest income
$0Fiduciary activities
$340Service charges on deposit accounts
$0Trading account gains & fees
$346Additional noninterest income
$5,378Total noninterest expense
$3,371Salaries and employee benefits
$491Premises and equipment expense
$1,516Additional noninterest expense
$3,168Pre-tax net operating income
$103Securities gains (losses)
$0Applicable income taxes
$3,271Income before extraordinary items
$0Extraordinary gains - net
$3,271Net income attributable to bank
$0Net charge-offs
$3,271Cash dividends
$207Sale, conversion, retirement of capital stock, net
$1,488Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.18%Yield on earning assets
0.89%Cost of funding earning assets
4.29%Net interest margin
0.36%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
1.59%Net operating income to assets
1.64%Return on assets (ROA)
1.64%Pretax return on assets
17.56%Return on equity (ROE)
9.57%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
115.94%Credit loss provision to net charge-offs
16.46%Efficiency ratio
61,211Assets per employee
4.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.49%Loss allowance to loans
1.65%Loss allowance to noncurrent loans
101.91%Noncurrent assets plus other real estate owned to assets
1.65%Noncurrent loans to loans
1.62%Net loans and leases to deposits
75.38%Net loans and leases to core deposits
82.40%Equity capital to assets
9.80%Core capital (leverage) ratio
9.21%Tier 1 risk-based capital ratio
13.85%Total risk-based capital ratio
Memoranda
$15Average assets
$199,053Average earning assets
$18,633Average equity
$188,769Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
3509
The Citizens National Bank Of Park R
300 West First Street, Park Rapids, MN 56470
January 01, 1933
Full Service Brick and Mortar
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