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

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Citizens State Bank of Shakopee routing number info

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Citizens State Bank of Shakopee
GeneralFDIC Certificate #: 22627
Status: Active
Federal Reserve ID: 199454
Bank Holding Company (Regulatory Top Holder): Stonebridge Bancorporation (RSSDID: 3393815, Location: Minneapolis, MN)
Date Established: April 10, 1978
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 15786
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 10, 1978
Last Structure Change Effective Date: March 31, 2011
Last Structure Change Process Date: March 31, 2011
Last Data Update: March 31, 2011
Data Source Date: April 05, 2012
LocationAddress: 1100 East Fourth Avenue, Shakopee, MN 55379
County: Scott
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
Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
Financial SummaryTotal assets: $20.4 mil
Equity capital: $1.5 mil
Deposits held in domestic offices: $18.8 mil
Return on assets (ROA): -0.68% (-$0.1 mil)
Quarterly return on assets: -1.06% (-$0.2 mil)
Return on Equity (ROE): -8.37% (-$0.2 mil)
Quarterly return on equity: -13.75% (-$0.3 mil)
Net income: -$0.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.68% (-$138.5 mil)
Quarterly Pretax return on assets: -1.06% (-$215.9 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)6
Total assets$20,369
Cash and due from depository institutions$6,194
Interest-bearing balances$5,565
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$12,006
Loan loss allowance $132
Trading account assets$0
Bank premises and fixed assets$1,307
Other real estate owned$350
Goodwill and other intangibles$103
All other assets$208
Life insurance assets$20,369
Total liabilities and capital$18,854
Total liabilities$18,753
Total deposits$13,544
Interest-bearing deposits$18,753
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $101
All other liabilities $1,515
Total equity capital$1,515
Total bank equity capital$1,515
Perpetual preferred stock$0
Common stock$500
Undivided profits $-557
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 $418
Earning assets $0
Long-term assets (5+ years) $42
Average Assets, year-to-date $17,772
Average Assets, quarterly $1,757
Volatile liabilities $19,568
Insider loans $20,058
FHLB advances $12,504
Loans and leases held for sale $19,700
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,429
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,170
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $631
Total interest expense $108
Net interest income $523
Provision for loan and lease losses $49
Total noninterest income $172
Fiduciary activities $0
Service charges on deposit accounts $67
Trading account gains & fees $0
Additional noninterest income $105
Total noninterest expense $780
Salaries and employee benefits $317
Premises and equipment expense $165
Additional noninterest expense $298
Pre-tax net operating income -$134
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$134
Extraordinary gains - net $0
Net income attributable to bank -$134
Net charge-offs $0
Cash dividends -$134
Sale, conversion, retirement of capital stock, net -$8
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.76%
Cost of funding earning assets 0.64%
Net interest margin 3.12%
Noninterest income to earning assets 1.02%
Noninterest expense to earning assets 4.65%
Net operating income to assets -0.68%
Return on assets (ROA) -0.68%
Pretax return on assets -0.68%
Return on equity (ROE) -8.37%
Retained earnings to average equity (YTD only) -8.37%
Net charge-offs to loans -0.08%
Credit loss provision to net charge-offs -612.50%
Efficiency ratio0.00%
Assets per employee$112,230
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.09%
Noncurrent assets plus other real estate owned to assets 31.58%
Noncurrent loans to loans 3.77%
Net loans and leases to deposits3.44%
Net loans and leases to core deposits 64.02%
Equity capital to assets 67.44%
Core capital (leverage) ratio 7.44%
Tier 1 risk-based capital ratio 7.25%
Total risk-based capital ratio 11.43%
Average assets$12
Average earning assets$19,568
Average equity $1,602
Average loans $16,787
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015786Citizens State Bank Of Shakopee1100 East Fourth Avenue, Shakopee, MN 55379April 10, 1978Full Service Brick and Mortar
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