Citizens State Bank of Lankin in Lankin, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens State Bank of Lankin - Overview

  • General
  • FDIC Certificate #: 9422
    Status: Active
    Federal Reserve ID: 940852
    Bank Holding Company (Regulatory Top Holder): Citizens State Bancshares, Inc. (RSSDID: 2253060, Location: Lankin, ND)
    Date Established: May 15, 1905
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 6053
    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: September 06, 2007
    Last Data Update: September 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Main Street, Lankin, ND 58250
    County: Walsh
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $40.4 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $36.8 mil
    Return on assets (ROA): 0.94% ($0.4 mil)
    Quarterly return on assets: 0.27% ($0.1 mil)
    Return on Equity (ROE): 11.07% ($0.3 mil)
    Quarterly return on equity: 3.12% ($0.1 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.94% ($380.0 mil)
    Quarterly Pretax return on assets: 0.27% ($109.1 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)
  • $40,422Total assets
  • $3,993Cash and due from depository institutions
  • $744Interest-bearing balances
  • $7,173Securities
  • $1,500Federal funds sold & reverse repurchase agreements
  • $25,744Net loans & leases
  • $455Loan loss allowance
  • $0Trading account assets
  • $828Bank premises and fixed assets
  • $570Other real estate owned
  • $0Goodwill and other intangibles
  • $40,422Life insurance assets
  • $614All other assets
  • $36,956Total liabilities and capital
  • $36,839Total liabilities
  • $29,107Total deposits
  • $36,839Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $117Subordinated debt
  • $3,466All other liabilities
  • $3,466Total equity capital
  • $3,466Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $2,675Surplus
  • $666Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $445Long-term assets (5+ years)
  • $35,161Average Assets, year-to-date
  • $7,252Average Assets, quarterly
  • $38,707Volatile liabilities
  • $39,334Insider loans
  • $30,151FHLB advances
  • $38,898Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,515Restructured Loans and leases
  • $1,111Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,914Total interest income
  • $246Total interest expense
  • $1,668Net interest income
  • $0Provision for loan and lease losses
  • $46Total noninterest income
  • $0Fiduciary activities
  • $41Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5Additional noninterest income
  • $1,369Total noninterest expense
  • $632Salaries and employee benefits
  • $205Premises and equipment expense
  • $532Additional noninterest expense
  • $345Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $365Income before extraordinary items
  • $0Extraordinary gains - net
  • $365Net income attributable to bank
  • $0Net charge-offs
  • $365Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $180Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 11.07%Return on equity (ROE)
  • 5.61%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 43.13%Efficiency ratio
  • 79,872Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.32%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 69.88%Net loans and leases to core deposits
  • 70.38%Equity capital to assets
  • 8.57%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 11.09%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $38,707Average earning assets
  • $3,298Average equity
  • $34,389Average loans

List of branches

  • 4 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06053Citizens State Bank Of Lankin401 Main Street, Lankin, ND 58250May 15, 1905Full Service Brick and Mortar
    1220114Paying And Receiving Branch230 Main Street, Edinburg, ND 58227March 28, 1938Full Service Brick and Mortar
    2220115Paying And Receiving BranchMain Street, Edmore, ND 58330October 25, 1937Full Service Brick and Mortar
    3361876Park River Branch317 Briggs Avenue, Park River, ND 58270August 27, 2001Full Service Brick and Mortar

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