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

This bank is inactive as of January 01, 1999

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

General
FDIC Certificate #: 13439
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Rural American Bank-Montgomery/Lonsdale (#1921)
Federal Reserve ID: 698359
Date Established: November 05, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 8461
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, 1999
Last Structure Change Process Date: Febuary 25, 1999
Last Data Update: Febuary 25, 1999
Data Source Date: April 05, 2012
Location
Address: 103 Elm Avenue, Montgomery, MN 56069
County: Le Sueur
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
Financial Summary
Total assets: $37.5 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
12Total employees (full-time equivalent)
$37,526Total assets
$2,101Cash and due from depository institutions
$495Interest-bearing balances
$8,187Securities
$0Federal funds sold & reverse repurchase agreements
$23,954Net loans & leases
$317Loan loss allowance
$0Trading account assets
$761Bank premises and fixed assets
$0Other real estate owned
$1,359Goodwill and other intangibles
$0Life insurance assets
$1,164All other assets
$37,526Total liabilities and capital
$32,934Total liabilities
$31,234Total deposits
$27,657Interest-bearing deposits
$31,234Deposits held in domestic offices
0.00%% insured (estimated)
$838Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$862All other liabilities
$4,592Total equity capital
$4,592Total bank equity capital
$4,592Perpetual preferred stock
$0Common stock
$280Surplus
$3,859Undivided profits
Memoranda
$453Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$519Earning assets
$0Long-term assets (5+ years)
$281Average Assets, year-to-date
$32,636Average Assets, quarterly
$890Volatile liabilities
$36,168Insider loans
$37,392FHLB advances
$2,061Loans and leases held for sale
$25Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,634Total unused commitments
$0Restructured Loans and leases
$24,591Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$2,937Total interest income
$1,344Total interest expense
$1,593Net interest income
$0Provision for loan and lease losses
$254Total noninterest income
$0Fiduciary activities
$168Service charges on deposit accounts
$0Trading account gains & fees
$86Additional noninterest income
$1,139Total noninterest expense
$524Salaries and employee benefits
$122Premises and equipment expense
$493Additional noninterest expense
$708Pre-tax net operating income
-$1Securities gains (losses)
$305Applicable income taxes
$402Income before extraordinary items
$0Extraordinary gains - net
$402Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$72Sale, conversion, retirement of capital stock, net
$439Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.29%Yield on earning assets
4.25%Cost of funding earning assets
5.04%Net interest margin
0.80%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
1.11%Net operating income to assets
1.11%Return on assets (ROA)
1.95%Pretax return on assets
8.97%Return on equity (ROE)
-0.83%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
9.83%Efficiency ratio
54,521Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
109.20%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
61.08%Noncurrent assets plus other real estate owned to assets
1.38%Noncurrent loans to loans
2.14%Net loans and leases to deposits
76.69%Net loans and leases to core deposits
79.82%Equity capital to assets
12.24%Core capital (leverage) ratio
8.91%Tier 1 risk-based capital ratio
12.95%Total risk-based capital ratio
Memoranda
$14Average assets
$36,168Average earning assets
$4,483Average equity
$31,616Average loans

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