The Citizens National Bank of Park Rapids in Park Rapids, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens National Bank of Park Rapids - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 47Total employees (full-time equivalent)
  • $203,561Total assets
  • $9,824Cash and due from depository institutions
  • $7,229Interest-bearing balances
  • $47,365Securities
  • $2,025Federal funds sold & reverse repurchase agreements
  • $136,616Net loans & leases
  • $2,292Loan loss allowance
  • $0Trading account assets
  • $2,542Bank premises and fixed assets
  • $1,114Other real estate owned
  • $0Goodwill and other intangibles
  • $203,561Life insurance assets
  • $4,075All other assets
  • $183,617Total liabilities and capital
  • $181,225Total liabilities
  • $164,231Total deposits
  • $181,225Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $443Trading liabilities
  • $0Other borrowed funds
  • $1,949Subordinated debt
  • $19,944All other liabilities
  • $19,944Total equity capital
  • $19,944Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $230Surplus
  • $19,594Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,249Income earned, not collected on loans
  • $0Earning assets
  • $1,270Long-term assets (5+ years)
  • $193,235Average Assets, year-to-date
  • $50,426Average Assets, quarterly
  • $199,053Volatile liabilities
  • $200,886Insider loans
  • $136,303FHLB advances
  • $205,062Loans and leases held for sale
  • $2,042Unused loan commitments
  • $2,042Tier 1 (core) risk-based capital
  • $18,879Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,139Restructured Loans and leases
  • $679Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.59%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 17.56%Return on equity (ROE)
  • 9.57%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 115.94%Credit loss provision to net charge-offs
  • 16.46%Efficiency ratio
  • 61,211Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.49%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 101.91%Noncurrent assets plus other real estate owned to assets
  • 1.65%Noncurrent loans to loans
  • 1.62%Net loans and leases to deposits
  • 75.38%Net loans and leases to core deposits
  • 82.40%Equity capital to assets
  • 9.80%Core capital (leverage) ratio
  • 9.21%Tier 1 risk-based capital ratio
  • 13.85%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $199,053Average earning assets
  • $18,633Average equity
  • $188,769Average loans

List of branches

  • 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

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