Citizens Bank Minnesota

Citizens Bank Minnesota is headquartered in New Ulm and is the 50^th largest bank in the state of Minnesota. It is also the 2,181^st largest bank in the nation. It was established in 1875 and as of September of 2011, it had grown to 72 employees at 4 locations. Citizens Bank Minnesota's savings rates are 15% higher than the national average, and it has a 4-star health rating.

Citizens Bank Minnesota Routing Number: 091901192

Related Posts

Citizens Bank Minnesota Checking Account Rates

Citizens Bank Minnesota Savings Account Rates

Citizens Bank Minnesota Money Market Rates

Citizens Bank Minnesota CD Rates

Citizens Bank Minnesota IRA Rates

Data for Q3 2011

Institution Statistics Citizens Bank Minnesota FDIC Certificate # 8200 BankRate Report View Year Established 1875 Employees 72 Primary Regulator FDIC Assets and Liabilities Assets $296.61 million Loans $169.61 million Deposits $249.94 million Equity Capital $33.17 million Loan Loss Allowance $1.74 million Unbacked Noncurrent Loans $1.20 million Real Estate Owned $3.71 million Historic Data - September 2010 Assets $295.79 million Equity Capital $31.62 million Loan Loss Allowance $1.84 million Unbacked Noncurrent Loans $214,000 Real Estate Owned $5.72 million Profit Margin - Quarterly Net Interest Margin 3.41% Return on Assets 0.92% Return on Equity 8.66% Interest Income $9.00 million

Institution Health Overall Score: 4 out of 5 Texas Ratio 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 September 30, 2011 Citizens Bank Minnesota had $4.9 million in non-current loans and owned real-estate with $34.91 million in equity and loan loss allowances on hand to cover it. This gives Citizens Bank Minnesota a Texas Ratio of 14.04% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Citizens Bank Minnesota decreased slightly from 17.74% as of September 30, 2010 to 14.04% as of September 30, 2011, resulting in a positive change of 20.87%.This indicates that the balance sheet and financial strength for Citizens Bank Minnesota has improved slightly in recent periods. Deposit Growth In the past year, Citizens Bank Minnesota has decreased its total deposits by -$2.44 million, resulting in -0.97% 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 Citizens Bank Minnesota has shown is average. Capitalization 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. Citizens Bank Minnesota has $296.61 million in assets with $34.91 million in equity, resulting in a capitalization level of 11.77%, which is above average.

No reviews have been left for this bank yet. Be the first to review.