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

This bank is inactive as of July 01, 2001

  • Citizens State Bank of St. James in St. James, Minnesota (MN)
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Citizens State Bank of St. James - Overview

  • General
  • FDIC Certificate #: 14741
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pioneer Bank (#5193)
    Federal Reserve ID: 763958
    Date Established: May 17, 1936
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 10681
    FDIC's unique #: 9219
    Numeric code: 13
    Regulator: FED
    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: May 17, 1936
    Last Structure Change Effective Date: July 01, 2001
    Last Structure Change Process Date: August 16, 2001
    Last Data Update: August 16, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 Armstrong Boulevard South, St. James, MN 56081
    County: Watonwan
    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: $61.4 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, 2000)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $64,581Total assets
  • $4,350Cash and due from depository institutions
  • $18Interest-bearing balances
  • $10,820Securities
  • $841Federal funds sold & reverse repurchase agreements
  • $47,038Net loans & leases
  • $434Loan loss allowance
  • $0Trading account assets
  • $398Bank premises and fixed assets
  • $31Other real estate owned
  • $140Goodwill and other intangibles
  • $0Life insurance assets
  • $963All other assets
  • $64,581Total liabilities and capital
  • $59,952Total liabilities
  • $56,341Total deposits
  • $53,072Interest-bearing deposits
  • $56,341Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,903Other borrowed funds
  • $0Subordinated debt
  • $708All other liabilities
  • $4,629Total equity capital
  • $4,629Total bank equity capital
  • $4,629Perpetual preferred stock
  • $0Common stock
  • $82Surplus
  • $3,628Undivided profits
  • Memoranda
  • $919Noncurrent loans and leases
  • $5,566Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $137Earning assets
  • $0Long-term assets (5+ years)
  • $673Average Assets, year-to-date
  • $58,717Average Assets, quarterly
  • $14,695Volatile liabilities
  • $59,512Insider loans
  • $62,806FHLB advances
  • $7,772Loans and leases held for sale
  • $656Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,566Total unused commitments
  • $0Restructured Loans and leases
  • $434Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $4,914Total interest income
  • $2,612Total interest expense
  • $2,302Net interest income
  • $90Provision for loan and lease losses
  • $534Total noninterest income
  • $0Fiduciary activities
  • $184Service charges on deposit accounts
  • $0Trading account gains & fees
  • $350Additional noninterest income
  • $1,308Total noninterest expense
  • $769Salaries and employee benefits
  • $91Premises and equipment expense
  • $448Additional noninterest expense
  • $1,438Pre-tax net operating income
  • -$2Securities gains (losses)
  • $169Applicable income taxes
  • $1,267Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,267Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $60Sale, conversion, retirement of capital stock, net
  • $1,181Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.98%Yield on earning assets
  • 4.77%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 2.13%Net operating income to assets
  • 2.13%Return on assets (ROA)
  • 2.41%Pretax return on assets
  • 29.76%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 150.00%Credit loss provision to net charge-offs
  • 25.47%Efficiency ratio
  • 44,958Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.21%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 316.79%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 83.49%Net loans and leases to core deposits
  • 94.85%Equity capital to assets
  • 7.17%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 9.49%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $59,512Average earning assets
  • $4,258Average equity
  • $54,722Average loans

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