Citizens Bank in Mount Ayr, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 24, 2003

  • Citizens Bank in Mount Ayr, Iowa (IA)
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Citizens Bank - Overview

  • General
  • FDIC Certificate #: 18608
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Great Western Bank (#35516)
    Federal Reserve ID: 813844
    Date Established: January 01, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Interstate: No)
    OTS Docket #: 13378
    FDIC's unique #: 12493
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 15, 1962
    Last Structure Change Effective Date: Febuary 24, 2003
    Last Structure Change Process Date: March 05, 2003
    Last Data Update: March 05, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East South Street, Mount Ayr, IA 50854
    County: Ringgold
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Des Moines
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $266.4 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, 2002)

  • Dollar figures in thousands
  • 126Total employees (full-time equivalent)
  • $266,421Total assets
  • $6,842Cash and due from depository institutions
  • $2Interest-bearing balances
  • $26,375Securities
  • $1,889Federal funds sold & reverse repurchase agreements
  • $216,544Net loans & leases
  • $3,451Loan loss allowance
  • $0Trading account assets
  • $5,684Bank premises and fixed assets
  • $816Other real estate owned
  • $2,764Goodwill and other intangibles
  • $0Life insurance assets
  • $5,507All other assets
  • $266,421Total liabilities and capital
  • $240,669Total liabilities
  • $220,730Total deposits
  • $192,363Interest-bearing deposits
  • $220,730Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $376Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,505Other borrowed funds
  • $0Subordinated debt
  • $1,058All other liabilities
  • $25,752Total equity capital
  • $25,752Total bank equity capital
  • $25,752Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $14,724Undivided profits
  • Memoranda
  • $10,628Noncurrent loans and leases
  • $25,329Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,098Earning assets
  • $1,474Long-term assets (5+ years)
  • $3,393Average Assets, year-to-date
  • $244,810Average Assets, quarterly
  • $21,715Volatile liabilities
  • $261,340Insider loans
  • $266,701FHLB advances
  • $16,608Loans and leases held for sale
  • $3,181Unused loan commitments
  • $18,505Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $25,329Total unused commitments
  • $180Restructured Loans and leases
  • $2,589Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $17,286Total interest income
  • $4,844Total interest expense
  • $12,442Net interest income
  • $705Provision for loan and lease losses
  • $2,388Total noninterest income
  • $1Fiduciary activities
  • $1,541Service charges on deposit accounts
  • $0Trading account gains & fees
  • $846Additional noninterest income
  • $7,849Total noninterest expense
  • $4,586Salaries and employee benefits
  • $928Premises and equipment expense
  • $2,335Additional noninterest expense
  • $6,276Pre-tax net operating income
  • $108Securities gains (losses)
  • $2,123Applicable income taxes
  • $4,261Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,261Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $911Sale, conversion, retirement of capital stock, net
  • $3,360Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.22%Yield on earning assets
  • 2.02%Cost of funding earning assets
  • 5.20%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 2.44%Pretax return on assets
  • 16.96%Return on equity (ROE)
  • 3.59%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 77.39%Credit loss provision to net charge-offs
  • 7.66%Efficiency ratio
  • 52,927Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.85%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 84.21%Noncurrent assets plus other real estate owned to assets
  • 1.84%Noncurrent loans to loans
  • 1.86%Net loans and leases to deposits
  • 98.10%Net loans and leases to core deposits
  • 102.84%Equity capital to assets
  • 9.67%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $261,340Average earning assets
  • $25,127Average equity
  • $239,333Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $62Managed Assets
  • 1Number of Accounts
  • $54Personal trust and agency accounts
  • $54Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $8Fiduciary accounts held in foreign offices

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