Citizens State Bank Norwood Young America in Norwood Young America, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Citizens State Bank Norwood Young America in Norwood Young America, Minnesota (MN)
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Citizens State Bank Norwood Young America - Overview

  • 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
    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)

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
  • 19Total employees (full-time equivalent)
  • $87,648Total assets
  • $14,588Cash and due from depository institutions
  • $12,533Interest-bearing balances
  • $2,019Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $61,419Net loans & leases
  • $642Loan loss allowance
  • $0Trading account assets
  • $2,472Bank premises and fixed assets
  • $1,993Other real estate owned
  • $3,166Goodwill and other intangibles
  • $87,649Life insurance assets
  • $1,991All other assets
  • $77,248Total liabilities and capital
  • $73,522Total liabilities
  • $63,524Total deposits
  • $73,522Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $226Subordinated debt
  • $10,401All other liabilities
  • $10,401Total equity capital
  • $10,401Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $7,042Surplus
  • $3,209Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,959Income earned, not collected on loans
  • $0Earning assets
  • $416Long-term assets (5+ years)
  • $75,971Average Assets, year-to-date
  • $1,253Average Assets, quarterly
  • $88,314Volatile liabilities
  • $88,513Insider loans
  • $66,791FHLB advances
  • $85,419Loans and leases held for sale
  • $185Unused loan commitments
  • $185Tier 1 (core) risk-based capital
  • $7,225Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,350Restructured Loans and leases
  • $1,630Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,397Total interest income
  • $1,225Total interest expense
  • $3,172Net interest income
  • $425Provision for loan and lease losses
  • $335Total noninterest income
  • $0Fiduciary activities
  • $188Service charges on deposit accounts
  • $0Trading account gains & fees
  • $147Additional noninterest income
  • $2,533Total noninterest expense
  • $1,478Salaries and employee benefits
  • $339Premises and equipment expense
  • $716Additional noninterest expense
  • $549Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $547Income before extraordinary items
  • $0Extraordinary gains - net
  • $547Net income attributable to bank
  • $0Net charge-offs
  • $547Cash dividends
  • $359Sale, conversion, retirement of capital stock, net
  • $589Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 5.23%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 118.38%Credit loss provision to net charge-offs
  • 2.71%Efficiency ratio
  • 72,227Assets per employee
  • 4.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 107.68%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 32.77%Noncurrent assets plus other real estate owned to assets
  • 4.51%Noncurrent loans to loans
  • 3.16%Net loans and leases to deposits
  • 83.54%Net loans and leases to core deposits
  • 89.21%Equity capital to assets
  • 11.87%Core capital (leverage) ratio
  • 8.46%Tier 1 risk-based capital ratio
  • 10.82%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $88,314Average earning assets
  • $10,458Average equity
  • $76,429Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01298Citizens State Bank Norwood Young Am409 Faxon Road, Norwood Young America, MN 55368June 05, 1914Full Service Brick and Mortar

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