Citizens State Bank - Midwest in Cavalier, North Dakota (ND), MN
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| Citizens State Bank - Midwest | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 46 |
| Total assets | $148,325 |
| Cash and due from depository institutions | $24,367 |
| Interest-bearing balances | $19,625 |
| Securities | $26,896 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $83,067 |
| Loan loss allowance | $3,336 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,792 |
| Other real estate owned | $3,620 |
| Goodwill and other intangibles | $414 |
| All other assets | $7,169 |
| Life insurance assets | $148,325 |
| Total liabilities and capital | $136,941 |
| Total liabilities | $135,840 |
| Total deposits | $111,861 |
| Interest-bearing deposits | $135,840 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,101 |
| All other liabilities | $11,384 |
| Total equity capital | $11,384 |
| Total bank equity capital | $11,384 |
| Perpetual preferred stock | $0 |
| Common stock | $300 |
| Surplus | $9,200 |
| Undivided profits | $1,884 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $4,469 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,076 |
| Average Assets, year-to-date | $129,588 |
| Average Assets, quarterly | $31,910 |
| Volatile liabilities | $144,328 |
| Insider loans | $143,533 |
| FHLB advances | $89,738 |
| Loans and leases held for sale | $140,453 |
| Unused loan commitments | $2,794 |
| Tier 1 (core) risk-based capital | $2,403 |
| Tier 2 risk-based capital | $8,678 |
| Total risk weighted assets | $0 |
| Total unused commitments | $391 |
| Restructured Loans and leases | $13,420 |
| Derivatives | $7,083 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $5,557 |
| Total interest expense | $1,000 |
| Net interest income | $4,557 |
| Provision for loan and lease losses | $1,950 |
| Total noninterest income | -$343 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $193 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$536 |
| Total noninterest expense | $4,808 |
| Salaries and employee benefits | $2,678 |
| Premises and equipment expense | $559 |
| Additional noninterest expense | $1,571 |
| Pre-tax net operating income | -$2,544 |
| Securities gains (losses) | $638 |
| Applicable income taxes | -$742 |
| Income before extraordinary items | -$1,164 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,164 |
| Net charge-offs | $0 |
| Cash dividends | -$1,164 |
| Sale, conversion, retirement of capital stock, net | $980 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.47% |
| Cost of funding earning assets | 0.80% |
| Net interest margin | 3.66% |
| Noninterest income to earning assets | -0.28% |
| Noninterest expense to earning assets | 3.86% |
| Net operating income to assets | -1.09% |
| Return on assets (ROA) | -0.81% |
| Pretax return on assets | -1.32% |
| Return on equity (ROE) | -9.63% |
| Retained earnings to average equity (YTD only) | -9.63% |
| Net charge-offs to loans | 1.06% |
| Credit loss provision to net charge-offs | 198.98% |
| Efficiency ratio | -0.61% |
| Assets per employee | $113,716 |
| Cash dividends to net income (YTD only) | 3.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.86% |
| Noncurrent assets plus other real estate owned to assets | 74.65% |
| Noncurrent loans to loans | 5.45% |
| Net loans and leases to deposits | 5.17% |
| Net loans and leases to core deposits | 61.15% |
| Equity capital to assets | 62.36% |
| Core capital (leverage) ratio | 7.68% |
| Tier 1 risk-based capital ratio | 6.18% |
| Total risk-based capital ratio | 9.67% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $144,328 |
| Average equity | $12,087 |
| Average loans | $124,423 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 3 | 5633 | Stephen Branch | 398 Pacific Avenue, Stephen, MN 56757 | June 07, 1901 | Full Service Brick and Mortar |  |
| 4 | 219047 | Kennedy Facility | 101 5th Street East, Kennedy, MN 56733 | March 15, 1978 | Full Service Brick and Mortar | |
| 6 | 363660 | Bemidji Branch | 1060 Paul Bunyan Drive, Nw, Bemidji, MN 56601 | April 15, 2002 | Full Service Brick and Mortar | |
| 7 | 466697 | Bemidji South Branch | 101 Shevlin Avenue, Bemidji, MN 56601 | January 16, 2007 | Full Service Brick and Mortar | |
| 4 North Dakota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9666 | Citizens State Bank - Midwest | 307 Main Street West, Cavalier, ND 58220 | Febuary 07, 1936 | Full Service Brick and Mortar |  |
| 1 | 233708 | Pembina Branch | 133 W Stutsman, Pembina, ND 58271 | July 01, 1954 | Full Service Brick and Mortar | |
| 2 | 233709 | Neche Branch | 529 East Fifth Street, Neche, ND 58265 | Febuary 07, 1936 | Full Service Brick and Mortar | |
| 5 | 363225 | Walhalla Branch | 1112 Central Avenue, Walhalla, ND 58282 | March 04, 2002 | Full Service Brick and Mortar | |
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