Citizens State Bank of Glenville in Glenville, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Citizens State Bank of Glenville in Glenville, Minnesota (MN)
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Citizens State Bank of Glenville - Overview

  • General
  • FDIC Certificate #: 1918
    Status: Active
    Federal Reserve ID: 1001451
    Bank Holding Company (Regulatory Top Holder): Citizens Investment Co., Inc. (RSSDID: 1122066, Location: Glenville, MN)
    Date Established: January 01, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15428
    FDIC's unique #: 1283
    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: 300 West Main Street, Glenville, MN 56036
    County: Freeborn
    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
    Core Based Statistical Area (CBSA): Albert Lea, MN (#10660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $38.4 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $35.0 mil
    Return on assets (ROA): 1.12% ($0.4 mil)
    Quarterly return on assets: 0.99% ($0.4 mil)
    Return on Equity (ROE): 12.87% ($0.4 mil)
    Quarterly return on equity: 11.37% ($0.3 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.12% ($429.8 mil)
    Quarterly Pretax return on assets: 0.99% ($379.9 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
  • 12Total employees (full-time equivalent)
  • $38,374Total assets
  • $19,511Cash and due from depository institutions
  • $17,424Interest-bearing balances
  • $4,288Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $13,113Net loans & leases
  • $273Loan loss allowance
  • $0Trading account assets
  • $104Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $38,374Life insurance assets
  • $358All other assets
  • $35,056Total liabilities and capital
  • $34,955Total liabilities
  • $26,155Total deposits
  • $34,955Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $101Subordinated debt
  • $3,318All other liabilities
  • $3,318Total equity capital
  • $3,318Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $1,875Surplus
  • $1,368Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $140Income earned, not collected on loans
  • $0Earning assets
  • $168Long-term assets (5+ years)
  • $35,825Average Assets, year-to-date
  • $2,459Average Assets, quarterly
  • $36,930Volatile liabilities
  • $37,434Insider loans
  • $13,492FHLB advances
  • $39,135Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,318Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $45Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,332Total interest income
  • $193Total interest expense
  • $1,139Net interest income
  • $0Provision for loan and lease losses
  • $152Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $879Total noninterest expense
  • $542Salaries and employee benefits
  • $119Premises and equipment expense
  • $218Additional noninterest expense
  • $412Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $412Income before extraordinary items
  • $0Extraordinary gains - net
  • $412Net income attributable to bank
  • $0Net charge-offs
  • $412Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $410Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.83%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.12%Pretax return on assets
  • 12.87%Return on equity (ROE)
  • 0.06%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,087Assets per employee
  • 3.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.51%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 195.00%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 37.51%Net loans and leases to core deposits
  • 37.51%Equity capital to assets
  • 8.65%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 24.59%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $36,930Average earning assets
  • $3,200Average equity
  • $34,798Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01283Citizens State Bank Of Glenville300 West Main Street, Glenville, MN 56036January 01, 1910Full Service Brick and Mortar
    17026Twin Lakes BranchMain Street, Twin Lakes, MN 56089January 01, 1912Full Service Brick and Mortar

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