The Citizens State Bank of Cortez in Cortez, Colorado (CO)



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The Citizens State Bank of Cortez routing number info

Table of contents:
The Citizens State Bank of Cortez
GeneralFDIC Certificate #: 15642
Status: Active
Federal Reserve ID: 782650
Bank Holding Company (Regulatory Top Holder): Community Bankshares, Inc. (RSSDID: 1427501, Location: Greenwood Village, CO)
Date Established: June 01, 1936
WWW: http://www.citizensstate.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 13538
FDIC's unique #: 9921
Numeric code: 13
Regulator: FED
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 27, 1939
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: 77 West Main Street, Cortez, CO 81321
County: Montezuma
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Denver
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $76.2 mil
Equity capital: $9.0 mil
Deposits held in domestic offices: $64.8 mil
Return on assets (ROA): 0.57% ($0.4 mil)
Quarterly return on assets: 0.60% ($0.5 mil)
Return on Equity (ROE): 5.12% ($0.5 mil)
Quarterly return on equity: 5.29% ($0.5 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.91% ($693.1 mil)
Quarterly Pretax return on assets: 0.98% ($746.4 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)26
Total assets$76,160
Cash and due from depository institutions$11,415
Interest-bearing balances$8,946
Securities$9,025
Federal funds sold & reverse repurchase agreements$5,275
Net loans & leases$47,122
Loan loss allowance $1,237
Trading account assets$0
Bank premises and fixed assets$1,715
Other real estate owned$304
Goodwill and other intangibles$60
All other assets$1,244
Life insurance assets$76,161
Total liabilities and capital$67,179
Total liabilities$64,778
Total deposits$41,540
Interest-bearing deposits$64,778
Deposits held in domestic offices$95
% insured (estimated)1682.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$474
Other borrowed funds $0
Subordinated debt $245
All other liabilities $8,982
Total equity capital$8,982
Total bank equity capital$8,982
Perpetual preferred stock$0
Common stock$836
Surplus$15,454
Undivided profits $-7,308
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 $628
Earning assets $0
Long-term assets (5+ years) $310
Average Assets, year-to-date $70,368
Average Assets, quarterly $9,193
Volatile liabilities $78,799
Insider loans $78,052
FHLB advances $45,852
Loans and leases held for sale $77,708
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,957
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,597
Derivatives$1,434
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,039
Total interest expense $565
Net interest income $2,474
Provision for loan and lease losses $15
Total noninterest income $716
Fiduciary activities $0
Service charges on deposit accounts $500
Trading account gains & fees $0
Additional noninterest income $216
Total noninterest expense $2,457
Salaries and employee benefits $1,190
Premises and equipment expense $474
Additional noninterest expense $793
Pre-tax net operating income $718
Securities gains (losses) $0
Applicable income taxes $270
Income before extraordinary items $448
Extraordinary gains - net $0
Net income attributable to bank $448
Net charge-offs $0
Cash dividends $448
Sale, conversion, retirement of capital stock, net $261
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.16%
Cost of funding earning assets 0.77%
Net interest margin 3.38%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 3.36%
Net operating income to assets 0.57%
Return on assets (ROA) 0.57%
Pretax return on assets 0.91%
Return on equity (ROE) 5.12%
Retained earnings to average equity (YTD only) 5.12%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 5.75%
Efficiency ratio2.81%
Assets per employee$77,022
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.56%
Noncurrent assets plus other real estate owned to assets 196.97%
Noncurrent loans to loans 1.22%
Net loans and leases to deposits1.30%
Net loans and leases to core deposits 72.74%
Equity capital to assets 76.86%
Core capital (leverage) ratio 11.79%
Tier 1 risk-based capital ratio 11.53%
Total risk-based capital ratio 19.53%
Memoranda
Average assets$21
Average earning assets$78,799
Average equity $8,746
Average loans $73,108
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2 Colorado Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09921The Citizens State Bank Of Cortez77 West Main Street, Cortez, CO 81321June 01, 1936Full Service Brick and Mortar
2363993Wal-Mart Supercenter Branch1835 East Main Cortez, Cortez, CO 81321January 26, 2000Full Service Retail
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