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

This bank is inactive as of January 01, 1993

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

  • General
  • FDIC Certificate #: 10999
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank Minnesota (#8200)
    Federal Reserve ID: 911553
    Date Established: January 01, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7049
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 1993
    Last Structure Change Process Date: January 12, 1993
    Last Data Update: January 12, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Lafayette, MN 56054
    County: Nicollet
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860)
    CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860)
  • Financial Summary
  • Total assets: $13.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $8Total assets
  • $13,671Cash and due from depository institutions
  • $920Interest-bearing balances
  • $198Securities
  • $4,555Federal funds sold & reverse repurchase agreements
  • $1,500Net loans & leases
  • $6,354Loan loss allowance
  • $241Trading account assets
  • $0Bank premises and fixed assets
  • $71Other real estate owned
  • $30Goodwill and other intangibles
  • $241Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $13,671Total liabilities
  • $12,694Total deposits
  • $12,619Interest-bearing deposits
  • $10,722Deposits held in domestic offices
  • 12619.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $75Total equity capital
  • $75Total bank equity capital
  • $977Perpetual preferred stock
  • $0Common stock
  • $30Surplus
  • $755Undivided profits
  • Memoranda
  • $192Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $94Income earned, not collected on loans
  • $129Earning assets
  • $12,607Long-term assets (5+ years)
  • $207Average Assets, year-to-date
  • $13,823Average Assets, quarterly
  • $13,587Volatile liabilities
  • $200Insider loans
  • $122FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $760Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $977Total risk weighted assets
  • $6,964Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,082Total interest expense
  • $544Net interest income
  • $538Provision for loan and lease losses
  • $219Total noninterest income
  • $50Fiduciary activities
  • $0Service charges on deposit accounts
  • $20Trading account gains & fees
  • $0Additional noninterest income
  • $30Total noninterest expense
  • $601Salaries and employee benefits
  • $374Premises and equipment expense
  • $100Additional noninterest expense
  • $127Pre-tax net operating income
  • -$232Securities gains (losses)
  • $81Applicable income taxes
  • -$9Income before extraordinary items
  • -$142Extraordinary gains - net
  • $0Net income attributable to bank
  • -$142Net charge-offs
  • $99Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.43%Cost of funding earning assets
  • 4.24%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 4.68%Net operating income to assets
  • -1.58%Return on assets (ROA)
  • -1.03%Pretax return on assets
  • -1.09%Return on equity (ROE)
  • -12.64%Retained earnings to average equity (YTD only)
  • -16.47%Net charge-offs to loans
  • 1.44%Credit loss provision to net charge-offs
  • 221.21%Efficiency ratio
  • 102,211Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -30.28%Loss allowance to loans
  • 3.65%Loss allowance to noncurrent loans
  • 256.38%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.43%Net loans and leases to deposits
  • 50.35%Net loans and leases to core deposits
  • 51.16%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 7.15%Tier 1 risk-based capital ratio
  • 14.03%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $13,823Average earning assets
  • $1,123Average equity
  • $12,837Average loans

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