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

This bank is inactive as of January 01, 2011

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

  • General
  • FDIC Certificate #: 16633
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First State Bank of Bigfork (#10991)
    Federal Reserve ID: 910659
    Date Established: July 05, 1916
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 11585
    FDIC's unique #: 10773
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 14, 1947
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: Febuary 07, 2011
    Last Data Update: Febuary 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 184 Main St, Kelliher, MN 56650
    County: Beltrami
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Bemidji, MN (#13420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $15.5 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, 2010)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $15,503Total assets
  • $3,063Cash and due from depository institutions
  • $1,065Interest-bearing balances
  • $853Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,771Net loans & leases
  • $156Loan loss allowance
  • $0Trading account assets
  • $185Bank premises and fixed assets
  • $353Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $278All other assets
  • $15,503Total liabilities and capital
  • $14,004Total liabilities
  • $12,987Total deposits
  • $11,365Interest-bearing deposits
  • $12,987Deposits held in domestic offices
  • 90.83%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,000Other borrowed funds
  • $0Subordinated debt
  • $17All other liabilities
  • $1,499Total equity capital
  • $1,499Total bank equity capital
  • $1,499Perpetual preferred stock
  • $0Common stock
  • $90Surplus
  • $1,160Undivided profits
  • Memoranda
  • $249Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $450Earning assets
  • $0Long-term assets (5+ years)
  • $68Average Assets, year-to-date
  • $12,689Average Assets, quarterly
  • $1,198Volatile liabilities
  • $15,897Insider loans
  • $15,784FHLB advances
  • $2,350Loans and leases held for sale
  • $0Unused loan commitments
  • $1,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $130Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $842Total interest income
  • $320Total interest expense
  • $522Net interest income
  • $48Provision for loan and lease losses
  • $71Total noninterest income
  • $0Fiduciary activities
  • $72Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1Additional noninterest income
  • $579Total noninterest expense
  • $337Salaries and employee benefits
  • $59Premises and equipment expense
  • $183Additional noninterest expense
  • -$34Pre-tax net operating income
  • $40Securities gains (losses)
  • $9Applicable income taxes
  • -$3Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3Net income attributable to bank
  • $0Net charge-offs
  • -$3Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.13%Yield on earning assets
  • 2.33%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 4.22%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.02%Return on assets (ROA)
  • 0.04%Pretax return on assets
  • -0.20%Return on equity (ROE)
  • -0.20%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 200.00%Credit loss provision to net charge-offs
  • 0.58%Efficiency ratio
  • 97,639Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 34.67%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 4.12%Net loans and leases to deposits
  • 82.94%Net loans and leases to core deposits
  • 101.26%Equity capital to assets
  • 9.67%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 14.33%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $15,897Average earning assets
  • $1,497Average equity
  • $13,732Average loans

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