Citizens State Bank in Fort Dodge, Iowa (IA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Citizens State Bank in Fort Dodge, Iowa (IA)
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Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 26720
    Status: Active
    Federal Reserve ID: 340649
    Bank Holding Company (Regulatory Top Holder): Carroll County Bancshares, Inc. (RSSDID: 1203451, Location: Carroll, IA)
    Date Established: June 27, 1986
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14507
    FDIC's unique #: 35801
    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: June 27, 1986
    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: 130 North 29th Street, Fort Dodge, IA 50501
    County: Webster
    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
    Core Based Statistical Area (CBSA): Fort Dodge, IA (#22700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $130.9 mil
    Equity capital: $14.0 mil
    Deposits held in domestic offices: $105.2 mil
    Return on assets (ROA): 1.21% ($1.6 mil)
    Quarterly return on assets: 1.20% ($1.6 mil)
    Return on Equity (ROE): 11.19% ($1.6 mil)
    Quarterly return on equity: 10.92% ($1.5 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.65% ($2,160.1 mil)
    Quarterly Pretax return on assets: 1.84% ($2,408.8 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
  • 29Total employees (full-time equivalent)
  • $130,913Total assets
  • $3,002Cash and due from depository institutions
  • $490Interest-bearing balances
  • $33,492Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,644Net loans & leases
  • $1,593Loan loss allowance
  • $0Trading account assets
  • $1,227Bank premises and fixed assets
  • $1,106Other real estate owned
  • $0Goodwill and other intangibles
  • $130,913Life insurance assets
  • $4,442All other assets
  • $116,899Total liabilities and capital
  • $105,209Total liabilities
  • $84,613Total deposits
  • $105,209Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 4200.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,500Trading liabilities
  • $0Other borrowed funds
  • $990Subordinated debt
  • $14,014All other liabilities
  • $14,014Total equity capital
  • $14,014Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $3,000Surplus
  • $10,514Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $583Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2Income earned, not collected on loans
  • $0Earning assets
  • $1,311Long-term assets (5+ years)
  • $121,626Average Assets, year-to-date
  • $31,313Average Assets, quarterly
  • $122,992Volatile liabilities
  • $127,842Insider loans
  • $102,001FHLB advances
  • $124,347Loans and leases held for sale
  • $1,487Unused loan commitments
  • $1,487Tier 1 (core) risk-based capital
  • $13,246Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,189Restructured Loans and leases
  • $98Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,678Total interest income
  • $791Total interest expense
  • $4,887Net interest income
  • $300Provision for loan and lease losses
  • $296Total noninterest income
  • $60Fiduciary activities
  • $140Service charges on deposit accounts
  • $0Trading account gains & fees
  • $96Additional noninterest income
  • $2,905Total noninterest expense
  • $1,927Salaries and employee benefits
  • $266Premises and equipment expense
  • $712Additional noninterest expense
  • $1,978Pre-tax net operating income
  • $57Securities gains (losses)
  • $549Applicable income taxes
  • $1,486Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,486Net income attributable to bank
  • $0Net charge-offs
  • $1,486Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.55%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 11.19%Return on equity (ROE)
  • 6.67%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 2142.86%Credit loss provision to net charge-offs
  • 162.71%Efficiency ratio
  • 56,049Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.38%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 79650.00%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 83.30%Net loans and leases to core deposits
  • 87.44%Equity capital to assets
  • 10.70%Core capital (leverage) ratio
  • 10.65%Tier 1 risk-based capital ratio
  • 12.99%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $122,992Average earning assets
  • $13,282Average equity
  • $114,011Average 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
  • $9,527Managed Assets
  • 1Number of Accounts
  • $9,319Personal trust and agency accounts
  • $9,319Employee 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
  • 39Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $208Other retirement accounts
  • $208Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035801Citizens State Bank130 North 29th Street, Fort Dodge, IA 50501June 27, 1986Full Service Brick and Mortar
    3181405Drive-Up Branch601 West Elm Avenue, Pocahontas, IA 50574January 04, 1973Limited Service Facility
    4361932Pocahontas County Branch200 North Main Street, Pocahontas, IA 50574June 28, 2001Full Service Brick and Mortar

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