The Citizens State Bank of Finley in Finley, North Dakota (ND)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens State Bank of Finley - Overview

  • General
  • FDIC Certificate #: 16187
    Status: Active
    Federal Reserve ID: 659453
    Bank Holding Company (Regulatory Top Holder): Citizens Bank Holding Company (RSSDID: 1127481, Location: Finley, ND)
    Date Established: July 08, 1935
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10391
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: September 08, 1944
    Last Structure Change Effective Date: March 24, 2009
    Last Structure Change Process Date: March 25, 2009
    Last Data Update: March 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Center Avenue, Finley, ND 58230
    County: Steele
    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
  • Change in Location
  • Financial Summary
  • Total assets: $120.8 mil
    Equity capital: $9.8 mil
    Deposits held in domestic offices: $86.0 mil
    Return on assets (ROA): -0.14% (-$0.2 mil)
    Quarterly return on assets: 1.20% ($1.5 mil)
    Return on Equity (ROE): -1.63% (-$0.2 mil)
    Quarterly return on equity: 14.68% ($1.5 mil)
    Net income: -$0.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.13% (-$157.1 mil)
    Quarterly Pretax return on assets: 1.23% ($1,486.1 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
  • 31Total employees (full-time equivalent)
  • $120,822Total assets
  • $6,788Cash and due from depository institutions
  • $2,649Interest-bearing balances
  • $29,353Securities
  • $6,000Federal funds sold & reverse repurchase agreements
  • $70,551Net loans & leases
  • $1,399Loan loss allowance
  • $0Trading account assets
  • $2,417Bank premises and fixed assets
  • $365Other real estate owned
  • $210Goodwill and other intangibles
  • $120,823Life insurance assets
  • $5,138All other assets
  • $110,975Total liabilities and capital
  • $85,966Total liabilities
  • $66,903Total deposits
  • $85,966Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 8340.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,231Trading liabilities
  • $0Other borrowed funds
  • $1,438Subordinated debt
  • $9,848All other liabilities
  • $9,848Total equity capital
  • $9,848Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $5,450Surplus
  • $4,148Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,499Income earned, not collected on loans
  • $1,750Earning assets
  • $1,724Long-term assets (5+ years)
  • $108,553Average Assets, year-to-date
  • $19,848Average Assets, quarterly
  • $116,824Volatile liabilities
  • $118,617Insider loans
  • $81,179FHLB advances
  • $118,094Loans and leases held for sale
  • $1,270Unused loan commitments
  • $351Tier 1 (core) risk-based capital
  • $9,257Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $919Total unused commitments
  • $20,792Restructured Loans and leases
  • $2,223Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,171Total interest income
  • $781Total interest expense
  • $4,390Net interest income
  • $1,440Provision for loan and lease losses
  • $1,079Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $948Additional noninterest income
  • $4,206Total noninterest expense
  • $2,664Salaries and employee benefits
  • $421Premises and equipment expense
  • $1,121Additional noninterest expense
  • -$177Pre-tax net operating income
  • $24Securities gains (losses)
  • $9Applicable income taxes
  • -$162Income before extraordinary items
  • $0Extraordinary gains - net
  • -$162Net income attributable to bank
  • $0Net charge-offs
  • -$162Cash dividends
  • $833Sale, conversion, retirement of capital stock, net
  • $452Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 4.27%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • -0.16%Net operating income to assets
  • -0.14%Return on assets (ROA)
  • -0.13%Pretax return on assets
  • -1.63%Return on equity (ROE)
  • -6.16%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 172.87%Credit loss provision to net charge-offs
  • 1.52%Efficiency ratio
  • 76,888Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -279.01%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 39.98%Noncurrent assets plus other real estate owned to assets
  • 3.20%Noncurrent loans to loans
  • 4.86%Net loans and leases to deposits
  • 82.07%Net loans and leases to core deposits
  • 87.25%Equity capital to assets
  • 8.15%Core capital (leverage) ratio
  • 7.84%Tier 1 risk-based capital ratio
  • 11.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $116,824Average earning assets
  • $9,960Average equity
  • $102,853Average loans

List of branches

  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010391The Citizens State Bank Of Finley300 Center Avenue, Finley, ND 58230July 08, 1935Full Service Brick and Mortar
    1423259Cooperstown Branch912 Burrel Avenue, S.E., Cooperstown, ND 58425November 25, 2002Full Service Brick and Mortar
    2449814Northwood Branch220 Main Street South, Northwood, ND 58267March 06, 2006Full Service Brick and Mortar

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