The Citizens State Bank of Olivia in Olivia, Minnesota (MN)



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The Citizens State Bank of Olivia routing number info

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The Citizens State Bank of Olivia
GeneralFDIC Certificate #: 15375
Status: Active
Federal Reserve ID: 724753
Bank Holding Company (Regulatory Top Holder): Kircher Bank Shares, Inc. (RSSDID: 2805526, Location: Olivia, MN)
Date Established: June 06, 1927
WWW: http://www.csbolivia.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 9700
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 18, 1936
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: 111 South 10th Street, Olivia, MN 56277
County: Renville
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
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: $25.6 mil
Equity capital: $2.0 mil
Deposits held in domestic offices: $23.6 mil
Return on assets (ROA): -0.92% (-$0.2 mil)
Quarterly return on assets: -2.12% (-$0.6 mil)
Return on Equity (ROE): -11.04% (-$0.2 mil)
Quarterly return on equity: -26.55% (-$0.5 mil)
Net income: -$0.2 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -0.92% (-$235.4 mil)
Quarterly Pretax return on assets: -2.12% (-$542.5 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)10
Total assets$25,589
Cash and due from depository institutions$5,744
Interest-bearing balances$4,083
Securities$5,308
Federal funds sold & reverse repurchase agreements$2,084
Net loans & leases$11,516
Loan loss allowance $287
Trading account assets$0
Bank premises and fixed assets$657
Other real estate owned$69
Goodwill and other intangibles$0
All other assets$211
Life insurance assets$25,589
Total liabilities and capital$23,588
Total liabilities$23,579
Total deposits$15,835
Interest-bearing deposits$23,579
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $9
All other liabilities $2,001
Total equity capital$2,001
Total bank equity capital$2,001
Perpetual preferred stock$0
Common stock$150
Surplus$2,350
Undivided profits $-499
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 $106
Earning assets $0
Long-term assets (5+ years) $115
Average Assets, year-to-date $22,991
Average Assets, quarterly $3,798
Volatile liabilities $25,963
Insider loans $25,857
FHLB advances $15,959
Loans and leases held for sale $26,140
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,971
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $818
Total interest expense $87
Net interest income $731
Provision for loan and lease losses $103
Total noninterest income $94
Fiduciary activities $0
Service charges on deposit accounts $69
Trading account gains & fees $0
Additional noninterest income $25
Total noninterest expense $992
Salaries and employee benefits $530
Premises and equipment expense $143
Additional noninterest expense $319
Pre-tax net operating income -$270
Securities gains (losses) $32
Applicable income taxes $0
Income before extraordinary items -$238
Extraordinary gains - net $0
Net income attributable to bank -$238
Net charge-offs $0
Cash dividends -$238
Sale, conversion, retirement of capital stock, net $6
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 assets3.77%
Cost of funding earning assets 0.40%
Net interest margin 3.37%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 4.58%
Net operating income to assets -1.04%
Return on assets (ROA) -0.92%
Pretax return on assets -0.92%
Return on equity (ROE) -11.04%
Retained earnings to average equity (YTD only) -11.04%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 1716.67%
Efficiency ratio-27.83%
Assets per employee$120,242
Cash dividends to net income (YTD only)2.56%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.43%
Noncurrent assets plus other real estate owned to assets 270.75%
Noncurrent loans to loans 0.68%
Net loans and leases to deposits0.90%
Net loans and leases to core deposits 48.84%
Equity capital to assets 52.76%
Core capital (leverage) ratio 7.82%
Tier 1 risk-based capital ratio 7.54%
Total risk-based capital ratio 12.35%
Memoranda
Average assets$14
Average earning assets$25,963
Average equity $2,155
Average loans $21,675
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09700The Citizens State Bank Of Olivia111 South 10th Street, Olivia, MN 56277June 06, 1927Full Service Brick and Mortar
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