5 star ratingAverage User Rating:
5 star rating based on 2 reviews.

Center National Bank

Center National Bank Locations
301 North Ramsey Avenue
Litchfield, MN 55355
800-893-3255
www.centernationalbank.com

FDIC

Center National Bank is headquartered in Litchfield and is the 93rd largest bank in the state of Minnesota. It is also the 3,202nd largest bank in the nation. It was established in 1891 and as of December of 2012, it had grown to 39 employees at 2 locations. Center National Bank has a 4-star health rating.

Center National Bank Routing Number: 091901891

Related Posts

Dissapointing (Forum) - 4/26/2010

Dissapointing.  They dropped the total to $15k.  Seems like the bank is more interested in their bottom line than yours.

Today I Got My Statement And Found Out That They Are Lowering The Max Rewards Balance To 15K (Forum) - 4/22/2010

Today I got my statement and found out that they are lowering the max rewards balance to 15k starting June 1st.

High-Yield Reward Checking Account at Center National Bank in MN - Local Only - 3/9/2010

Center National Bank is offering a high-interest reward checking account called Centers Rewards Checking . The account has the following rates and features as of 3/09/2010 if certain monthly requirem ...



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See Rates for: Checking | Savings | Money Market | CD

Center National Bank Checking Account Rates

ApyMinMaxProduct
2.02%-$10kCenter Rewards Checking
0.05%$500-Interest Checking

Center National Bank Savings Account Rates

ApyMinMaxProduct
0.10%--Business Earnings Credit
0.05%$200-Regular Savings
0.05%$50-Thrift Savings

Center National Bank Money Market Rates

ApyMinMaxProduct
0.20%$25k-MM Gold
0.15%$10k-MMIS
0.10%$25k-MM Gold S&P

Center National Bank CD Rates

ApyMinMaxProduct
0.85%$500-60 Month CD
0.70%$500-48 Month CD
0.60%$500-36 Month CD
0.45%$500-24 Month CD
0.20%$500-12 Month CD
0.10%$500-6 Month CD

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Center National Bank
FDIC Certificate #10976
BankRate ReportView
Year Established1891
Employees39
Primary RegulatorOCC

Assets and Liabilities

Assets$191.69 million
Loans$76.65 million
Deposits$151.91 million
Equity Capital$19.56 million
Loan Loss Allowance$1.03 million
Unbacked Noncurrent Loans$826,000
Real Estate Owned$1.33 million

Historic Data - December 2011

Assets$189.67 million
Equity Capital$19.45 million
Loan Loss Allowance$1.27 million
Unbacked Noncurrent Loans$1.40 million
Real Estate Owned$687,000

Profit Margin - Quarterly

Net Interest Margin3.45%
Return on Assets1.32%
Return on Equity12.35%
Interest Income$7.07 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Center National Bank had $2.15 million in non-current loans and owned real-estate with $20.59 million in equity and loan loss allowances on hand to cover it. This gives Center National Bank a Texas Ratio of 10.45% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Center National Bank held steady from 10.09% as of December 31, 2011 to 10.45% as of December 31, 2012, resulting in a negative change of 3.62%. This indicates that the balance sheet and financial strength for Center National Bank has held steady in recent periods.
Deposit Growth4
In the past year, Center National Bank has increased its total deposits by $1.7 million, resulting in 1.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Center National Bank has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Center National Bank has $191.68 million in assets with $20.59 million in equity, resulting in a capitalization level of 10.74%, which is above average.
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Nothing Bad To Say
5 stars - genomad - Thursday, June 2, 2011 - 4:22 PM

This bank is the only one that I have delt with that consistantly has good customer service (I have used both the Litchfield and Plymoth branches) and a great interest rate. 

Being a small bank they do lack some services like having forien currency availible.  But they more than make up for it in other ways.

I am a Center Customer and I recomend them to all my freinds.

1

I Had A Wonderful Experience At Center National Bank
5 stars - Anonymous - Wednesday, February 10, 2010 - 12:38 PM

I had a wonderful experience at Center National Bank.  My Rewards Checking works well for me.  I have no problem reaching my 10 debit card transactions. (Actually I make over 30 a month).  And I was surprised how much interest 4.11% adds up to! I don't use an ATM machine every day, but when I do I can go to any ATM and the bank will reimburse me for the charge.  Nobody likes an ATM fee.

This Rewards Checking actually works better for me than using a "Rewards", "Cash Back" or “Points” credit card.  I think of it this way, I'm earning on what I SAVE not what I SPEND.  And in an economy like this, that is a smarter option for me.

The service was great too; they aren’t pushy like most of the larger banks.  I opened my account at the Plymouth branch which is closer to my house. 

You should check it out.

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