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

Citizens State Bank of Waverly, Inc. - Overview

  • General
  • FDIC Certificate #: 9337
    Status: Active
    Federal Reserve ID: 213958
    Bank Holding Company (Regulatory Top Holder): Graham Shares Of Waverly, Inc. (RSSDID: 1139699, Location: Waverly, MN)
    Date Established: January 01, 1907
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 5989
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 30, 2006
    Last Structure Change Process Date: June 07, 2010
    Last Data Update: June 07, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 609 Pacific Avenue, Waverly, MN 55390
    County: Wright
    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)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $64.8 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $55.3 mil
    Return on assets (ROA): 1.47% ($1.0 mil)
    Quarterly return on assets: 1.15% ($0.7 mil)
    Return on Equity (ROE): 17.00% ($1.0 mil)
    Quarterly return on equity: 13.01% ($0.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.47% ($952.2 mil)
    Quarterly Pretax return on assets: 1.15% ($744.9 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
  • 16Total employees (full-time equivalent)
  • $64,778Total assets
  • $16,232Cash and due from depository institutions
  • $14,406Interest-bearing balances
  • $5,713Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,628Net loans & leases
  • $594Loan loss allowance
  • $0Trading account assets
  • $1,735Bank premises and fixed assets
  • $110Other real estate owned
  • $0Goodwill and other intangibles
  • $64,778Life insurance assets
  • $2,360All other assets
  • $59,186Total liabilities and capital
  • $55,331Total liabilities
  • $36,910Total deposits
  • $55,331Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,758Trading liabilities
  • $0Other borrowed funds
  • $1,097Subordinated debt
  • $5,592All other liabilities
  • $5,592Total equity capital
  • $5,592Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $3,750Surplus
  • $1,792Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $636Income earned, not collected on loans
  • $0Earning assets
  • $324Long-term assets (5+ years)
  • $58,747Average Assets, year-to-date
  • $8,005Average Assets, quarterly
  • $61,837Volatile liabilities
  • $62,456Insider loans
  • $38,347FHLB advances
  • $62,100Loans and leases held for sale
  • $1,033Unused loan commitments
  • $1,033Tier 1 (core) risk-based capital
  • $5,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,960Restructured Loans and leases
  • $171Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,783Total interest income
  • $377Total interest expense
  • $2,406Net interest income
  • $125Provision for loan and lease losses
  • $514Total noninterest income
  • $0Fiduciary activities
  • $280Service charges on deposit accounts
  • $0Trading account gains & fees
  • $234Additional noninterest income
  • $1,885Total noninterest expense
  • $1,105Salaries and employee benefits
  • $328Premises and equipment expense
  • $452Additional noninterest expense
  • $910Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $909Income before extraordinary items
  • $0Extraordinary gains - net
  • $909Net income attributable to bank
  • $0Net charge-offs
  • $909Cash dividends
  • $148Sale, conversion, retirement of capital stock, net
  • $576Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.47%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 17.00%Return on equity (ROE)
  • 6.23%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 84.46%Credit loss provision to net charge-offs
  • 6.99%Efficiency ratio
  • 64,555Assets per employee
  • 4.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.37%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 93.40%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.62%Net loans and leases to deposits
  • 69.81%Net loans and leases to core deposits
  • 75.01%Equity capital to assets
  • 8.63%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 14.15%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $61,837Average earning assets
  • $5,348Average equity
  • $55,844Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05989Citizens State Bank Of Waverly, Inc.609 Pacific Avenue, Waverly, MN 55390January 01, 1907Full Service Brick and Mortar
    1219926Detached Facility145 Nelson Blvd, Montrose, MN 55363June 14, 1982Full Service Brick and Mortar

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