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

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The Citizens National Bank of Park Rapids routing number info

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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
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
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
Undivided profits $19,594
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
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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
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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%
Average assets$15
Average earning assets$199,053
Average equity $18,633
Average loans $188,769
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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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