Citizens State Bank - Midwest in Cavalier, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens State Bank - Midwest in Cavalier, North Dakota (ND), MN
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Citizens State Bank - Midwest - Overview

  • General
  • FDIC Certificate #: 15333
    Status: Active
    Federal Reserve ID: 947655
    Bank Holding Company (Regulatory Top Holder): Pembina County Bankshares, Ltd. (RSSDID: 1124903, Location: Cavalier, ND)
    Date Established: Febuary 07, 1936
    WWW: http://www.csbmidwest.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    OTS Docket #: 13132
    FDIC's unique #: 9666
    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: Febuary 07, 1936
    Last Structure Change Effective Date: August 09, 2010
    Last Structure Change Process Date: August 09, 2010
    Last Data Update: August 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 307 Main Street West, Cavalier, ND 58220
    County: Pembina
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $148.3 mil
    Equity capital: $11.4 mil
    Deposits held in domestic offices: $135.8 mil
    Return on assets (ROA): -0.81% (-$1.2 mil)
    Quarterly return on assets: -0.84% (-$1.2 mil)
    Return on Equity (ROE): -9.63% (-$1.1 mil)
    Quarterly return on equity: -10.41% (-$1.1 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -1.32% (-$1,957.9 mil)
    Quarterly Pretax return on assets: -1.22% (-$1,809.6 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
  • 46Total employees (full-time equivalent)
  • $148,325Total assets
  • $24,367Cash and due from depository institutions
  • $19,625Interest-bearing balances
  • $26,896Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,067Net loans & leases
  • $3,336Loan loss allowance
  • $0Trading account assets
  • $2,792Bank premises and fixed assets
  • $3,620Other real estate owned
  • $414Goodwill and other intangibles
  • $148,325Life insurance assets
  • $7,169All other assets
  • $136,941Total liabilities and capital
  • $135,840Total liabilities
  • $111,861Total deposits
  • $135,840Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,101Subordinated debt
  • $11,384All other liabilities
  • $11,384Total equity capital
  • $11,384Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $9,200Surplus
  • $1,884Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,469Income earned, not collected on loans
  • $0Earning assets
  • $1,076Long-term assets (5+ years)
  • $129,588Average Assets, year-to-date
  • $31,910Average Assets, quarterly
  • $144,328Volatile liabilities
  • $143,533Insider loans
  • $89,738FHLB advances
  • $140,453Loans and leases held for sale
  • $2,794Unused loan commitments
  • $2,403Tier 1 (core) risk-based capital
  • $8,678Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $391Total unused commitments
  • $13,420Restructured Loans and leases
  • $7,083Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,557Total interest income
  • $1,000Total interest expense
  • $4,557Net interest income
  • $1,950Provision for loan and lease losses
  • -$343Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$536Additional noninterest income
  • $4,808Total noninterest expense
  • $2,678Salaries and employee benefits
  • $559Premises and equipment expense
  • $1,571Additional noninterest expense
  • -$2,544Pre-tax net operating income
  • $638Securities gains (losses)
  • -$742Applicable income taxes
  • -$1,164Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,164Net income attributable to bank
  • $0Net charge-offs
  • -$1,164Cash dividends
  • $980Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.66%Net interest margin
  • -0.28%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • -1.09%Net operating income to assets
  • -0.81%Return on assets (ROA)
  • -1.32%Pretax return on assets
  • -9.63%Return on equity (ROE)
  • -9.63%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 198.98%Credit loss provision to net charge-offs
  • -0.61%Efficiency ratio
  • 113,716Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.86%Loss allowance to noncurrent loans
  • 74.65%Noncurrent assets plus other real estate owned to assets
  • 5.45%Noncurrent loans to loans
  • 5.17%Net loans and leases to deposits
  • 61.15%Net loans and leases to core deposits
  • 62.36%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 6.18%Tier 1 risk-based capital ratio
  • 9.67%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $144,328Average earning assets
  • $12,087Average equity
  • $124,423Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    35633Stephen Branch398 Pacific Avenue, Stephen, MN 56757June 07, 1901Full Service Brick and Mortar
    4219047Kennedy Facility101 5th Street East, Kennedy, MN 56733March 15, 1978Full Service Brick and Mortar
    6363660Bemidji Branch1060 Paul Bunyan Drive, Nw, Bemidji, MN 56601April 15, 2002Full Service Brick and Mortar
    7466697Bemidji South Branch101 Shevlin Avenue, Bemidji, MN 56601January 16, 2007Full Service Brick and Mortar
  • 4 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09666Citizens State Bank - Midwest307 Main Street West, Cavalier, ND 58220Febuary 07, 1936Full Service Brick and Mortar
    1233708Pembina Branch133 W Stutsman, Pembina, ND 58271July 01, 1954Full Service Brick and Mortar
    2233709Neche Branch529 East Fifth Street, Neche, ND 58265Febuary 07, 1936Full Service Brick and Mortar
    5363225Walhalla Branch1112 Central Avenue, Walhalla, ND 58282March 04, 2002Full Service Brick and Mortar

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