FDIC Certificate #: 15375 Status: Active Federal Reserve ID: 724753 Bank Holding Company (Regulatory Top Holder): Kircher Bank Shares, Inc. (RSSDID: 2805526, Location: Olivia, MN) Date Established: June 06, 1927 WWW:http://www.csbolivia.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 #: 9700 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 18, 1936 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: 111 South 10th Street, Olivia, MN 56277 County: Renville 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $25.6 mil Equity capital: $2.0 mil Deposits held in domestic offices: $23.6 mil Return on assets (ROA): -0.92% (-$0.2 mil) Quarterly return on assets: -2.12% (-$0.6 mil) Return on Equity (ROE): -11.04% (-$0.2 mil) Quarterly return on equity: -26.55% (-$0.5 mil) Net income: -$0.2 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.92% (-$235.4 mil) Quarterly Pretax return on assets: -2.12% (-$542.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$25,589Total assets
$5,744Cash and due from depository institutions
$4,083Interest-bearing balances
$5,308Securities
$2,084Federal funds sold & reverse repurchase agreements
$11,516Net loans & leases
$287Loan loss allowance
$0Trading account assets
$657Bank premises and fixed assets
$69Other real estate owned
$0Goodwill and other intangibles
$25,589Life insurance assets
$211All other assets
$23,588Total liabilities and capital
$23,579Total liabilities
$15,835Total deposits
$23,579Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$9Subordinated debt
$2,001All other liabilities
$2,001Total equity capital
$2,001Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$2,350Surplus
$-499Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$106Income earned, not collected on loans
$0Earning assets
$115Long-term assets (5+ years)
$22,991Average Assets, year-to-date
$3,798Average Assets, quarterly
$25,963Volatile liabilities
$25,857Insider loans
$15,959FHLB advances
$26,140Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,971Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$818Total interest income
$87Total interest expense
$731Net interest income
$103Provision for loan and lease losses
$94Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$992Total noninterest expense
$530Salaries and employee benefits
$143Premises and equipment expense
$319Additional noninterest expense
-$270Pre-tax net operating income
$32Securities gains (losses)
$0Applicable income taxes
-$238Income before extraordinary items
$0Extraordinary gains - net
-$238Net income attributable to bank
$0Net charge-offs
-$238Cash dividends
$6Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.77%Yield on earning assets
0.40%Cost of funding earning assets
3.37%Net interest margin
0.43%Noninterest income to earning assets
4.58%Noninterest expense to earning assets
-1.04%Net operating income to assets
-0.92%Return on assets (ROA)
-0.92%Pretax return on assets
-11.04%Return on equity (ROE)
-11.04%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
1716.67%Credit loss provision to net charge-offs
-27.83%Efficiency ratio
120,242Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.43%Loss allowance to noncurrent loans
270.75%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.90%Net loans and leases to deposits
48.84%Net loans and leases to core deposits
52.76%Equity capital to assets
7.82%Core capital (leverage) ratio
7.54%Tier 1 risk-based capital ratio
12.35%Total risk-based capital ratio
Memoranda
$14Average assets
$25,963Average earning assets
$2,155Average equity
$21,675Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9700
The Citizens State Bank Of Olivia
111 South 10th Street, Olivia, MN 56277
June 06, 1927
Full Service Brick and Mortar
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