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

This bank is inactive as of September 30, 1999

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

  • General
  • FDIC Certificate #: 15599
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Integrity Bank Plus (#15578)
    Federal Reserve ID: 806257
    Date Established: November 01, 1935
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 9885
    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: April 25, 1938
    Last Structure Change Effective Date: September 30, 1999
    Last Structure Change Process Date: November 05, 1999
    Last Data Update: November 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Walnut Grove, MN 56180
    County: Redwood
    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: $15.0 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
  • 8Total employees (full-time equivalent)
  • $15,582Total assets
  • $1,019Cash and due from depository institutions
  • $198Interest-bearing balances
  • $3,513Securities
  • $622Federal funds sold & reverse repurchase agreements
  • $9,869Net loans & leases
  • $290Loan loss allowance
  • $0Trading account assets
  • $59Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $500All other assets
  • $15,582Total liabilities and capital
  • $13,473Total liabilities
  • $13,251Total deposits
  • $10,378Interest-bearing deposits
  • $13,251Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $222All other liabilities
  • $2,109Total equity capital
  • $2,109Total bank equity capital
  • $2,109Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,275Undivided profits
  • Memoranda
  • $734Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $390Earning assets
  • $0Long-term assets (5+ years)
  • $405Average Assets, year-to-date
  • $14,202Average Assets, quarterly
  • $248Volatile liabilities
  • $15,298Insider loans
  • $15,134FHLB advances
  • $950Loans and leases held for sale
  • $385Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $11,863Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $1,160Total interest income
  • $463Total interest expense
  • $697Net interest income
  • -$70Provision for loan and lease losses
  • $22Total noninterest income
  • $0Fiduciary activities
  • $20Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2Additional noninterest income
  • $657Total noninterest expense
  • $516Salaries and employee benefits
  • $16Premises and equipment expense
  • $125Additional noninterest expense
  • $132Pre-tax net operating income
  • $0Securities gains (losses)
  • $30Applicable income taxes
  • $102Income before extraordinary items
  • $0Extraordinary gains - net
  • $102Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $421Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.22%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 4.94%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.67%Return on equity (ROE)
  • -14.60%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • -2333.33%Credit loss provision to net charge-offs
  • 20.67%Efficiency ratio
  • 91,377Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 412.75%Loss allowance to loans
  • 2.85%Loss allowance to noncurrent loans
  • 74.36%Noncurrent assets plus other real estate owned to assets
  • 2.50%Noncurrent loans to loans
  • 3.84%Net loans and leases to deposits
  • 74.48%Net loans and leases to core deposits
  • 80.23%Equity capital to assets
  • 13.53%Core capital (leverage) ratio
  • 12.95%Tier 1 risk-based capital ratio
  • 17.61%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $15,298Average earning assets
  • $2,185Average equity
  • $14,120Average loans

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