Citizens State Bank of Waverly, Inc. in Waverly, Minnesota (MN)
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Citizens State Bank of Waverly, Inc. routing number info
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| Citizens State Bank of Waverly, Inc. | |
|---|---|
| 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 WWW: http://www.bankwaverly.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $64,778 |
| Cash and due from depository institutions | $16,232 |
| Interest-bearing balances | $14,406 |
| Securities | $5,713 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $38,628 |
| Loan loss allowance | $594 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,735 |
| Other real estate owned | $110 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,360 |
| Life insurance assets | $64,778 |
| Total liabilities and capital | $59,186 |
| Total liabilities | $55,331 |
| Total deposits | $36,910 |
| Interest-bearing deposits | $55,331 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,758 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,097 |
| All other liabilities | $5,592 |
| Total equity capital | $5,592 |
| Total bank equity capital | $5,592 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $3,750 |
| Undivided profits | $1,792 |
| Memoranda | |
| 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 | $636 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $324 |
| Average Assets, year-to-date | $58,747 |
| Average Assets, quarterly | $8,005 |
| Volatile liabilities | $61,837 |
| Insider loans | $62,456 |
| FHLB advances | $38,347 |
| Loans and leases held for sale | $62,100 |
| Unused loan commitments | $1,033 |
| Tier 1 (core) risk-based capital | $1,033 |
| Tier 2 risk-based capital | $5,428 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,960 |
| Derivatives | $171 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,783 |
| Total interest expense | $377 |
| Net interest income | $2,406 |
| Provision for loan and lease losses | $125 |
| Total noninterest income | $514 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $280 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $234 |
| Total noninterest expense | $1,885 |
| Salaries and employee benefits | $1,105 |
| Premises and equipment expense | $328 |
| Additional noninterest expense | $452 |
| Pre-tax net operating income | $910 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1 |
| Income before extraordinary items | $909 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $909 |
| Net charge-offs | $0 |
| Cash dividends | $909 |
| Sale, conversion, retirement of capital stock, net | $148 |
| Net operating income | $576 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.98% |
| Cost of funding earning assets | 0.68% |
| Net interest margin | 4.31% |
| Noninterest income to earning assets | 0.92% |
| Noninterest expense to earning assets | 3.38% |
| Net operating income to assets | 1.47% |
| Return on assets (ROA) | 1.47% |
| Pretax return on assets | 1.47% |
| Return on equity (ROE) | 17.00% |
| Retained earnings to average equity (YTD only) | 6.23% |
| Net charge-offs to loans | 0.37% |
| Credit loss provision to net charge-offs | 84.46% |
| Efficiency ratio | 6.99% |
| Assets per employee | $64,555 |
| Cash dividends to net income (YTD only) | 4.05% |
| Condition Ratios (%) | |
| Loss allowance to loans | 63.37% |
| Loss allowance to noncurrent loans | 1.51% |
| Noncurrent assets plus other real estate owned to assets | 93.40% |
| Noncurrent loans to loans | 1.15% |
| Net loans and leases to deposits | 1.62% |
| Net loans and leases to core deposits | 69.81% |
| Equity capital to assets | 75.01% |
| Core capital (leverage) ratio | 8.63% |
| Tier 1 risk-based capital ratio | 8.74% |
| Total risk-based capital ratio | 14.15% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $61,837 |
| Average equity | $5,348 |
| Average loans | $55,844 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5989 | Citizens State Bank Of Waverly, Inc. | 609 Pacific Avenue, Waverly, MN 55390 | January 01, 1907 | Full Service Brick and Mortar |  |
| 1 | 219926 | Detached Facility | 145 Nelson Blvd, Montrose, MN 55363 | June 14, 1982 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.