Citizens Bank & Trust Co. in Hutchinson, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 10218
    Status: Active
    Federal Reserve ID: 56258
    Bank Holding Company (Regulatory Top Holder): Citizens Bancshares Of Hutchinson, Inc. (RSSDID: 1121966, Location: Hutchinson, MN)
    Date Established: January 01, 1886
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6555
    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: 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: 102 Main Street South, Hutchinson, MN 55350
    County: Mcleod
    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
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Hutchinson, MN (#26780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $197.2 mil
    Equity capital: $17.3 mil
    Deposits held in domestic offices: $179.2 mil
    Return on assets (ROA): 1.18% ($2.3 mil)
    Quarterly return on assets: 0.87% ($1.7 mil)
    Return on Equity (ROE): 12.71% ($2.2 mil)
    Quarterly return on equity: 9.65% ($1.6 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.19% ($2,346.3 mil)
    Quarterly Pretax return on assets: 0.87% ($1,715.4 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, 2011)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $197,169Total assets
  • $5,953Cash and due from depository institutions
  • $100Interest-bearing balances
  • $57,175Securities
  • $8,000Federal funds sold & reverse repurchase agreements
  • $119,816Net loans & leases
  • $1,438Loan loss allowance
  • $0Trading account assets
  • $4,148Bank premises and fixed assets
  • $400Other real estate owned
  • $0Goodwill and other intangibles
  • $197,169Life insurance assets
  • $1,677All other assets
  • $179,827Total liabilities and capital
  • $179,158Total liabilities
  • $148,719Total deposits
  • $179,158Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $169Subordinated debt
  • $17,342All other liabilities
  • $17,342Total equity capital
  • $17,342Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $13,000Surplus
  • $1,342Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,711Income earned, not collected on loans
  • $687Earning assets
  • $889Long-term assets (5+ years)
  • $185,091Average Assets, year-to-date
  • $39,683Average Assets, quarterly
  • $186,698Volatile liabilities
  • $194,640Insider loans
  • $129,073FHLB advances
  • $195,930Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,031Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,909Restructured Loans and leases
  • $4,839Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,508Total interest income
  • $784Total interest expense
  • $6,724Net interest income
  • $627Provision for loan and lease losses
  • $420Total noninterest income
  • $0Fiduciary activities
  • $189Service charges on deposit accounts
  • $0Trading account gains & fees
  • $231Additional noninterest income
  • $4,300Total noninterest expense
  • $2,300Salaries and employee benefits
  • $610Premises and equipment expense
  • $1,390Additional noninterest expense
  • $2,217Pre-tax net operating income
  • $0Securities gains (losses)
  • $5Applicable income taxes
  • $2,212Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,212Net income attributable to bank
  • $0Net charge-offs
  • $2,212Cash dividends
  • $376Sale, conversion, retirement of capital stock, net
  • $2,272Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 0.45%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.45%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 12.71%Return on equity (ROE)
  • -0.34%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 166.76%Credit loss provision to net charge-offs
  • 7.56%Efficiency ratio
  • 60,190Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.71%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 53.04%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 66.88%Net loans and leases to core deposits
  • 67.58%Equity capital to assets
  • 8.80%Core capital (leverage) ratio
  • 8.69%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $186,698Average earning assets
  • $17,402Average equity
  • $175,520Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $87Managed Assets
  • 1Number of Accounts
  • $87Personal trust and agency accounts
  • $87Employee 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
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06555Citizens Bank & Trust Co.102 Main Street South, Hutchinson, MN 55350January 01, 1886Full Service Brick and Mortar
    1222020Drive-In Branch133 Franklin Street, Hutchinson, MN 55350December 14, 1962Limited Service Facility
    2222021South Office1390 Hwy 15 South, Hutchinson, MN 55350September 10, 1979Limited Service Facility

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