The Citizens National Bank of Park Rapids in Park Rapids, Minnesota (MN)



Show street view No street view available for this location

The Citizens National Bank of Park Rapids routing number info

Table of contents:
The Citizens National Bank of Park Rapids
GeneralFDIC Certificate #: 5223
Status: Active
Federal Reserve ID: 877752
Bank Holding Company (Regulatory Top Holder): Park Rapids Bancshares, Inc. (RSSDID: 1124613, Location: Park Rapids, MN)
Date Established: January 01, 1933
WWW: http://www.cnbbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 14674
FDIC's unique #: 3509
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 300 West First Street, Park Rapids, MN 56470
County: Hubbard
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $203.6 mil
Equity capital: $19.9 mil
Deposits held in domestic offices: $181.2 mil
Return on assets (ROA): 1.64% ($3.3 mil)
Quarterly return on assets: 1.59% ($3.2 mil)
Return on Equity (ROE): 17.56% ($3.5 mil)
Quarterly return on equity: 16.28% ($3.3 mil)
Net income: $3.3 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.64% ($3,338.4 mil)
Quarterly Pretax return on assets: 1.59% ($3,236.6 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)47
Total assets$203,561
Cash and due from depository institutions$9,824
Interest-bearing balances$7,229
Securities$47,365
Federal funds sold & reverse repurchase agreements$2,025
Net loans & leases$136,616
Loan loss allowance $2,292
Trading account assets$0
Bank premises and fixed assets$2,542
Other real estate owned$1,114
Goodwill and other intangibles$0
All other assets$4,075
Life insurance assets$203,561
Total liabilities and capital$183,617
Total liabilities$181,225
Total deposits$164,231
Interest-bearing deposits$181,225
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$443
Other borrowed funds $0
Subordinated debt $1,949
All other liabilities $19,944
Total equity capital$19,944
Total bank equity capital$19,944
Perpetual preferred stock$0
Common stock$120
Surplus$230
Undivided profits $19,594
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 $2,249
Earning assets $0
Long-term assets (5+ years) $1,270
Average Assets, year-to-date $193,235
Average Assets, quarterly $50,426
Volatile liabilities $199,053
Insider loans $200,886
FHLB advances $136,303
Loans and leases held for sale $205,062
Unused loan commitments $2,042
Tier 1 (core) risk-based capital $2,042
Tier 2 risk-based capital $18,879
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,139
Derivatives$679
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,784
Total interest expense $1,684
Net interest income $8,100
Provision for loan and lease losses $240
Total noninterest income $686
Fiduciary activities $0
Service charges on deposit accounts $340
Trading account gains & fees $0
Additional noninterest income $346
Total noninterest expense $5,378
Salaries and employee benefits $3,371
Premises and equipment expense $491
Additional noninterest expense $1,516
Pre-tax net operating income $3,168
Securities gains (losses) $103
Applicable income taxes $0
Income before extraordinary items $3,271
Extraordinary gains - net $0
Net income attributable to bank $3,271
Net charge-offs $0
Cash dividends $3,271
Sale, conversion, retirement of capital stock, net $207
Net operating income $1,488
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.18%
Cost of funding earning assets 0.89%
Net interest margin 4.29%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 2.85%
Net operating income to assets 1.59%
Return on assets (ROA) 1.64%
Pretax return on assets 1.64%
Return on equity (ROE) 17.56%
Retained earnings to average equity (YTD only) 9.57%
Net charge-offs to loans 0.15%
Credit loss provision to net charge-offs 115.94%
Efficiency ratio16.46%
Assets per employee$61,211
Cash dividends to net income (YTD only)4.33%
Condition Ratios (%)
Loss allowance to loans 45.49%
Loss allowance to noncurrent loans 1.65%
Noncurrent assets plus other real estate owned to assets 101.91%
Noncurrent loans to loans 1.65%
Net loans and leases to deposits1.62%
Net loans and leases to core deposits 75.38%
Equity capital to assets 82.40%
Core capital (leverage) ratio 9.80%
Tier 1 risk-based capital ratio 9.21%
Total risk-based capital ratio 13.85%
Memoranda
Average assets$15
Average earning assets$199,053
Average equity $18,633
Average loans $188,769
Back to page top, Back to table top

1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03509The Citizens National Bank Of Park R300 West First Street, Park Rapids, MN 56470January 01, 1933Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Citizens National Bank of Park Rapids.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.