Citizens State Bank Norwood Young America in Norwood Young America, Minnesota (MN)
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| Citizens State Bank Norwood Young America | |
|---|---|
| General | FDIC Certificate #: 1933 Status: Active Federal Reserve ID: 875655 Bank Holding Company (Regulatory Top Holder): Piesco, Inc. (RSSDID: 2780717, Location: Springfield, MN) Date Established: June 05, 1914 WWW: http://www.citizensstatebanknya.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 1298 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: 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: 409 Faxon Road, Norwood Young America, MN 55368 County: Carver Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $87.6 mil Equity capital: $10.4 mil Deposits held in domestic offices: $73.5 mil Return on assets (ROA): 0.62% ($0.5 mil) Quarterly return on assets: -0.86% (-$0.8 mil) Return on Equity (ROE): 5.23% ($0.5 mil) Quarterly return on equity: -7.21% (-$0.7 mil) Net income: $0.5 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.62% ($543.4 mil) Quarterly Pretax return on assets: -0.86% (-$753.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $87,648 |
| Cash and due from depository institutions | $14,588 |
| Interest-bearing balances | $12,533 |
| Securities | $2,019 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $61,419 |
| Loan loss allowance | $642 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,472 |
| Other real estate owned | $1,993 |
| Goodwill and other intangibles | $3,166 |
| All other assets | $1,991 |
| Life insurance assets | $87,649 |
| Total liabilities and capital | $77,248 |
| Total liabilities | $73,522 |
| Total deposits | $63,524 |
| Interest-bearing deposits | $73,522 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $226 |
| All other liabilities | $10,401 |
| Total equity capital | $10,401 |
| Total bank equity capital | $10,401 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $7,042 |
| Undivided profits | $3,209 |
| 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 | $1,959 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $416 |
| Average Assets, year-to-date | $75,971 |
| Average Assets, quarterly | $1,253 |
| Volatile liabilities | $88,314 |
| Insider loans | $88,513 |
| FHLB advances | $66,791 |
| Loans and leases held for sale | $85,419 |
| Unused loan commitments | $185 |
| Tier 1 (core) risk-based capital | $185 |
| Tier 2 risk-based capital | $7,225 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,350 |
| Derivatives | $1,630 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,397 |
| Total interest expense | $1,225 |
| Net interest income | $3,172 |
| Provision for loan and lease losses | $425 |
| Total noninterest income | $335 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $188 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $147 |
| Total noninterest expense | $2,533 |
| Salaries and employee benefits | $1,478 |
| Premises and equipment expense | $339 |
| Additional noninterest expense | $716 |
| Pre-tax net operating income | $549 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $547 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $547 |
| Net charge-offs | $0 |
| Cash dividends | $547 |
| Sale, conversion, retirement of capital stock, net | $359 |
| Net operating income | $589 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.75% |
| Cost of funding earning assets | 1.60% |
| Net interest margin | 4.15% |
| Noninterest income to earning assets | 0.44% |
| Noninterest expense to earning assets | 3.31% |
| Net operating income to assets | 0.62% |
| Return on assets (ROA) | 0.62% |
| Pretax return on assets | 0.62% |
| Return on equity (ROE) | 5.23% |
| Retained earnings to average equity (YTD only) | -0.40% |
| Net charge-offs to loans | 0.55% |
| Credit loss provision to net charge-offs | 118.38% |
| Efficiency ratio | 2.71% |
| Assets per employee | $72,227 |
| Cash dividends to net income (YTD only) | 4.61% |
| Condition Ratios (%) | |
| Loss allowance to loans | 107.68% |
| Loss allowance to noncurrent loans | 1.03% |
| Noncurrent assets plus other real estate owned to assets | 32.77% |
| Noncurrent loans to loans | 4.51% |
| Net loans and leases to deposits | 3.16% |
| Net loans and leases to core deposits | 83.54% |
| Equity capital to assets | 89.21% |
| Core capital (leverage) ratio | 11.87% |
| Tier 1 risk-based capital ratio | 8.46% |
| Total risk-based capital ratio | 10.82% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $88,314 |
| Average equity | $10,458 |
| Average loans | $76,429 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1298 | Citizens State Bank Norwood Young Am | 409 Faxon Road, Norwood Young America, MN 55368 | June 05, 1914 | Full Service Brick and Mortar |  |
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