Citizens State Bank of Hayfield in Hayfield, Minnesota (MN)

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Citizens State Bank of Hayfield routing number info

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Citizens State Bank of Hayfield
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)27
Total assets$71,533
Cash and due from depository institutions$8,741
Interest-bearing balances$6,288
Federal funds sold & reverse repurchase agreements$700
Net loans & leases$55,441
Loan loss allowance $814
Trading account assets$0
Bank premises and fixed assets$1,348
Other real estate owned$0
Goodwill and other intangibles$12
All other assets$1,941
Life insurance assets$71,533
Total liabilities and capital$66,167
Total liabilities$64,824
Total deposits$52,049
Interest-bearing deposits$64,824
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,099
Other borrowed funds $0
Subordinated debt $244
All other liabilities $5,366
Total equity capital$5,366
Total bank equity capital$5,366
Perpetual preferred stock$0
Common stock$480
Undivided profits $616
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 $866
Earning assets $0
Long-term assets (5+ years) $630
Average Assets, year-to-date $65,779
Average Assets, quarterly $6,083
Volatile liabilities $66,613
Insider loans $69,268
FHLB advances $53,227
Loans and leases held for sale $72,212
Unused loan commitments $800
Tier 1 (core) risk-based capital $800
Tier 2 risk-based capital $5,311
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,009
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,448
Total interest expense $735
Net interest income $2,713
Provision for loan and lease losses $52
Total noninterest income $249
Fiduciary activities $0
Service charges on deposit accounts $147
Trading account gains & fees $0
Additional noninterest income $102
Total noninterest expense $2,317
Salaries and employee benefits $1,494
Premises and equipment expense $348
Additional noninterest expense $475
Pre-tax net operating income $593
Securities gains (losses) $0
Applicable income taxes $1
Income before extraordinary items $592
Extraordinary gains - net $0
Net income attributable to bank $592
Net charge-offs $0
Cash dividends $592
Sale, conversion, retirement of capital stock, net $40
Net operating income $381
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.63%
Cost of funding earning assets 1.20%
Net interest margin 4.43%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 3.78%
Net operating income to assets 0.89%
Return on assets (ROA) 0.89%
Pretax return on assets 0.89%
Return on equity (ROE) 11.33%
Retained earnings to average equity (YTD only) 4.04%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 130.00%
Efficiency ratio16.13%
Assets per employee$78,224
Cash dividends to net income (YTD only)2.65%
Condition Ratios (%)
Loss allowance to loans 64.36%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 94.00%
Noncurrent loans to loans 1.21%
Net loans and leases to deposits1.54%
Net loans and leases to core deposits 85.53%
Equity capital to assets 88.99%
Core capital (leverage) ratio 7.50%
Tier 1 risk-based capital ratio 7.35%
Total risk-based capital ratio 9.98%
Average assets$11
Average earning assets$66,613
Average equity $5,226
Average loans $61,275
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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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