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

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

  • General
  • FDIC Certificate #: 9047
    Status: Active
    Federal Reserve ID: 795548
    Bank Holding Company (Regulatory Top Holder): Herky Hawk Financial Corp., (RSSDID: 1245741, Location: Monticello, IA)
    Date Established: March 11, 1931
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 13763
    FDIC's unique #: 5785
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 09, 2009
    Last Structure Change Process Date: November 18, 2009
    Last Data Update: November 18, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 West First Street, Monticello, IA 52310
    County: Jones
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Cedar Rapids
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Cedar Rapids, IA (#16300)
    CBSA Metro Statistical Area: Cedar Rapids, IA (#16300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $316.8 mil
    Equity capital: $40.0 mil
    Deposits held in domestic offices: $266.0 mil
    Return on assets (ROA): 1.95% ($6.2 mil)
    Quarterly return on assets: 1.85% ($5.9 mil)
    Return on Equity (ROE): 16.15% ($6.5 mil)
    Quarterly return on equity: 14.61% ($5.8 mil)
    Net income: $6.0 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 2.05% ($6,494.0 mil)
    Quarterly Pretax return on assets: 1.92% ($6,082.2 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
  • 66Total employees (full-time equivalent)
  • $316,782Total assets
  • $5,878Cash and due from depository institutions
  • $307Interest-bearing balances
  • $92,085Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $198,834Net loans & leases
  • $1,907Loan loss allowance
  • $0Trading account assets
  • $3,453Bank premises and fixed assets
  • $0Other real estate owned
  • $7,160Goodwill and other intangibles
  • $316,782Life insurance assets
  • $9,372All other assets
  • $276,802Total liabilities and capital
  • $266,036Total liabilities
  • $226,508Total deposits
  • $266,036Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $1,766Subordinated debt
  • $39,980All other liabilities
  • $39,980Total equity capital
  • $39,980Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,795Surplus
  • $37,185Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,130Income earned, not collected on loans
  • $608Earning assets
  • $3,520Long-term assets (5+ years)
  • $291,226Average Assets, year-to-date
  • $98,630Average Assets, quarterly
  • $307,666Volatile liabilities
  • $312,115Insider loans
  • $236,228FHLB advances
  • $302,986Loans and leases held for sale
  • $4,277Unused loan commitments
  • $4,277Tier 1 (core) risk-based capital
  • $27,945Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $45,027Restructured Loans and leases
  • $556Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,988Total interest income
  • $4,199Total interest expense
  • $10,789Net interest income
  • $200Provision for loan and lease losses
  • $1,898Total noninterest income
  • $11Fiduciary activities
  • $459Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,428Additional noninterest income
  • $6,372Total noninterest expense
  • $4,272Salaries and employee benefits
  • $598Premises and equipment expense
  • $1,502Additional noninterest expense
  • $6,115Pre-tax net operating income
  • $186Securities gains (losses)
  • $303Applicable income taxes
  • $5,998Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,998Net income attributable to bank
  • $0Net charge-offs
  • $5,998Cash dividends
  • $120Sale, conversion, retirement of capital stock, net
  • $3,858Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.26%Noninterest expense to earning assets
  • 1.89%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 16.15%Return on equity (ROE)
  • 5.76%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 166.67%Credit loss provision to net charge-offs
  • 52.63%Efficiency ratio
  • 50,225Assets per employee
  • 4.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.32%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 168.76%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 74.74%Net loans and leases to core deposits
  • 78.17%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 11.83%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $307,666Average earning assets
  • $37,131Average equity
  • $281,708Average 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
  • $5,278Managed Assets
  • 1Number of Accounts
  • $5,245Personal trust and agency accounts
  • $5,245Employee 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
  • 24Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33Other retirement accounts
  • $33Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05785Citizens State Bank117 West First Street, Monticello, IA 52310March 11, 1931Full Service Brick and Mortar
    1219332Ryan BranchMain Street, Ryan, IA 52237July 18, 1942Full Service Brick and Mortar
    2219333Hopkinton BranchFirst Street, Hopkinton, IA 52237November 19, 1990Full Service Brick and Mortar
    411478Peoples Manchester Branch1218 West Main Street, Manchester, IA 52057October 03, 1955Full Service Brick and Mortar
    5241868Winthrop Branch101 Madison Street, Winthrop, IA 50682April 30, 1997Full Service Brick and Mortar
    61235Union Strawberry Point Branch102 East Mission, Strawberry Point, IA 52076November 09, 1929Full Service Brick and Mortar
    75825New Vienna Savings Bank Branch7352 Columbus Street, New Vienna, IA 52065July 20, 1925Full Service Brick and Mortar

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