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

Citizens State Bank of Hayfield - Overview

  • General
  • FDIC Certificate #: 10957
    Status: Active
    Federal Reserve ID: 82659
    Bank Holding Company (Regulatory Top Holder): Country Bankers, Inc. (RSSDID: 1992335, Location: Blooming Prairie, MN)
    Date Established: June 10, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 15514
    FDIC's unique #: 7014
    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: May 21, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 216 1st Avenue Ne, Hayfield, MN 55940
    County: Dodge
    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): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $71.5 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $64.8 mil
    Return on assets (ROA): 0.89% ($0.6 mil)
    Quarterly return on assets: 0.65% ($0.5 mil)
    Return on Equity (ROE): 11.33% ($0.6 mil)
    Quarterly return on equity: 8.36% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($636.6 mil)
    Quarterly Pretax return on assets: 0.65% ($465.0 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
  • 27Total employees (full-time equivalent)
  • $71,533Total assets
  • $8,741Cash and due from depository institutions
  • $6,288Interest-bearing balances
  • $3,350Securities
  • $700Federal funds sold & reverse repurchase agreements
  • $55,441Net loans & leases
  • $814Loan loss allowance
  • $0Trading account assets
  • $1,348Bank premises and fixed assets
  • $0Other real estate owned
  • $12Goodwill and other intangibles
  • $71,533Life insurance assets
  • $1,941All other assets
  • $66,167Total liabilities and capital
  • $64,824Total liabilities
  • $52,049Total deposits
  • $64,824Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,099Trading liabilities
  • $0Other borrowed funds
  • $244Subordinated debt
  • $5,366All other liabilities
  • $5,366Total equity capital
  • $5,366Total bank equity capital
  • $0Perpetual preferred stock
  • $480Common stock
  • $4,270Surplus
  • $616Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $866Income earned, not collected on loans
  • $0Earning assets
  • $630Long-term assets (5+ years)
  • $65,779Average Assets, year-to-date
  • $6,083Average Assets, quarterly
  • $66,613Volatile liabilities
  • $69,268Insider loans
  • $53,227FHLB advances
  • $72,212Loans and leases held for sale
  • $800Unused loan commitments
  • $800Tier 1 (core) risk-based capital
  • $5,311Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,009Restructured Loans and leases
  • $417Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,448Total interest income
  • $735Total interest expense
  • $2,713Net interest income
  • $52Provision for loan and lease losses
  • $249Total noninterest income
  • $0Fiduciary activities
  • $147Service charges on deposit accounts
  • $0Trading account gains & fees
  • $102Additional noninterest income
  • $2,317Total noninterest expense
  • $1,494Salaries and employee benefits
  • $348Premises and equipment expense
  • $475Additional noninterest expense
  • $593Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $592Income before extraordinary items
  • $0Extraordinary gains - net
  • $592Net income attributable to bank
  • $0Net charge-offs
  • $592Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $381Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 11.33%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 130.00%Credit loss provision to net charge-offs
  • 16.13%Efficiency ratio
  • 78,224Assets per employee
  • 2.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.36%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 94.00%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 1.54%Net loans and leases to deposits
  • 85.53%Net loans and leases to core deposits
  • 88.99%Equity capital to assets
  • 7.50%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 9.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $66,613Average earning assets
  • $5,226Average equity
  • $61,275Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07014Citizens State Bank Of Hayfield216 1st Avenue Ne, Hayfield, MN 55940June 10, 1910Full Service Brick and Mortar
    1223519Detached FacilityFourth And Main Streets, Mantorville, MN 55955November 03, 1977Full Service Brick and Mortar
    3483220Dodge Center Branch42 West Main Street, Dodge Center, MN 55927July 10, 2008Full Service Brick and Mortar

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