Citizens Bank Minnesota in New Ulm, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank Minnesota - Overview

  • General
  • FDIC Certificate #: 8200
    Status: Active
    Federal Reserve ID: 874050
    Bank Holding Company (Regulatory Top Holder): Citizens Bancorporation Of New Ulm, Inc. (RSSDID: 1135114, Location: New Ulm, MN)
    Date Established: December 13, 1875
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11729
    FDIC's unique #: 5226
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural 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: 105 North Minnesota Street, New Ulm, MN 56073
    County: Brown
    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
    Core Based Statistical Area (CBSA): New Ulm, MN (#35580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $314.2 mil
    Equity capital: $33.2 mil
    Deposits held in domestic offices: $269.4 mil
    Return on assets (ROA): 0.87% ($2.7 mil)
    Quarterly return on assets: 0.74% ($2.3 mil)
    Return on Equity (ROE): 8.20% ($2.7 mil)
    Quarterly return on equity: 6.81% ($2.2 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.28% ($4,021.5 mil)
    Quarterly Pretax return on assets: 1.06% ($3,330.3 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
  • 71Total employees (full-time equivalent)
  • $314,182Total assets
  • $16,012Cash and due from depository institutions
  • $2,080Interest-bearing balances
  • $97,573Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,711Net loans & leases
  • $1,608Loan loss allowance
  • $0Trading account assets
  • $4,856Bank premises and fixed assets
  • $3,032Other real estate owned
  • $1,635Goodwill and other intangibles
  • $314,182Life insurance assets
  • $9,363All other assets
  • $280,988Total liabilities and capital
  • $269,438Total liabilities
  • $244,089Total deposits
  • $269,438Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 2326.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,970Trading liabilities
  • $0Other borrowed funds
  • $1,254Subordinated debt
  • $33,194All other liabilities
  • $33,194Total equity capital
  • $33,194Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $19,700Surplus
  • $13,194Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,006Income earned, not collected on loans
  • $0Earning assets
  • $2,693Long-term assets (5+ years)
  • $281,364Average Assets, year-to-date
  • $56,961Average Assets, quarterly
  • $299,562Volatile liabilities
  • $305,396Insider loans
  • $210,466FHLB advances
  • $295,799Loans and leases held for sale
  • $3,845Unused loan commitments
  • $3,845Tier 1 (core) risk-based capital
  • $29,109Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,038Restructured Loans and leases
  • $5,043Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,013Total interest income
  • $2,680Total interest expense
  • $9,333Net interest income
  • $92Provision for loan and lease losses
  • $2,049Total noninterest income
  • $0Fiduciary activities
  • $363Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,686Additional noninterest income
  • $7,551Total noninterest expense
  • $4,715Salaries and employee benefits
  • $715Premises and equipment expense
  • $2,121Additional noninterest expense
  • $3,739Pre-tax net operating income
  • $86Securities gains (losses)
  • $1,213Applicable income taxes
  • $2,612Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,612Net income attributable to bank
  • $0Net charge-offs
  • $2,612Cash dividends
  • $179Sale, conversion, retirement of capital stock, net
  • $1,044Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.85%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 8.20%Return on equity (ROE)
  • 4.92%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 51.40%Credit loss provision to net charge-offs
  • 21.40%Efficiency ratio
  • 66,342Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.97%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 159.84%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 67.44%Net loans and leases to core deposits
  • 69.84%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 13.83%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $299,562Average earning assets
  • $31,841Average equity
  • $272,609Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05226Citizens Bank Minnesota105 North Minnesota Street, New Ulm, MN 56073December 13, 1875Full Service Brick and Mortar
    17049Lafayette BranchMain Street, Lafayette, MN 56054January 01, 1933Full Service Brick and Mortar
    27028La Salle BranchMain Street, La Salle, MN 56056July 24, 1906Full Service Brick and Mortar
    3428125Lakeville Branch185th Street W And Kenrick Avenue, Lakeville, MN 55044April 26, 2004Full Service Brick and Mortar

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