The Citizens State Bank of Olivia in Olivia, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Citizens State Bank of Olivia - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 10Total employees (full-time equivalent)
  • $25,589Total assets
  • $5,744Cash and due from depository institutions
  • $4,083Interest-bearing balances
  • $5,308Securities
  • $2,084Federal funds sold & reverse repurchase agreements
  • $11,516Net loans & leases
  • $287Loan loss allowance
  • $0Trading account assets
  • $657Bank premises and fixed assets
  • $69Other real estate owned
  • $0Goodwill and other intangibles
  • $25,589Life insurance assets
  • $211All other assets
  • $23,588Total liabilities and capital
  • $23,579Total liabilities
  • $15,835Total deposits
  • $23,579Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9Subordinated debt
  • $2,001All other liabilities
  • $2,001Total equity capital
  • $2,001Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $2,350Surplus
  • $-499Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $106Income earned, not collected on loans
  • $0Earning assets
  • $115Long-term assets (5+ years)
  • $22,991Average Assets, year-to-date
  • $3,798Average Assets, quarterly
  • $25,963Volatile liabilities
  • $25,857Insider loans
  • $15,959FHLB advances
  • $26,140Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,971Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $818Total interest income
  • $87Total interest expense
  • $731Net interest income
  • $103Provision for loan and lease losses
  • $94Total noninterest income
  • $0Fiduciary activities
  • $69Service charges on deposit accounts
  • $0Trading account gains & fees
  • $25Additional noninterest income
  • $992Total noninterest expense
  • $530Salaries and employee benefits
  • $143Premises and equipment expense
  • $319Additional noninterest expense
  • -$270Pre-tax net operating income
  • $32Securities gains (losses)
  • $0Applicable income taxes
  • -$238Income before extraordinary items
  • $0Extraordinary gains - net
  • -$238Net income attributable to bank
  • $0Net charge-offs
  • -$238Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.77%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • -1.04%Net operating income to assets
  • -0.92%Return on assets (ROA)
  • -0.92%Pretax return on assets
  • -11.04%Return on equity (ROE)
  • -11.04%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 1716.67%Credit loss provision to net charge-offs
  • -27.83%Efficiency ratio
  • 120,242Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 270.75%Noncurrent assets plus other real estate owned to assets
  • 0.68%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 48.84%Net loans and leases to core deposits
  • 52.76%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.54%Tier 1 risk-based capital ratio
  • 12.35%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $25,963Average earning assets
  • $2,155Average equity
  • $21,675Average loans

List of branches

  • 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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