Vitals
  • Total Assets
    138.1M -8.5 %
  • Total Deposits
    123.9M -6.4 %
  • Total Net Loans
    43.1M -5.3 %
  • Net Income
    189000.0000 -68.9 %
  • Book Value
    13.8M -23.3 %
  • Book Value x2
    27.6M -23.3 %
  • Book Value x3
    41.4M -23.3 %
ROAA

.263

ROAE

2.275

Efficiency Ratio

87.931

Net Interest Margin

2.468

Balance Sheet Highlights
Financial Highlights Kanabec State Bank All Insured Commercial Banks in Minnesota
Balance Sheet $(000)
Total Assets 138,125 133,629
Total Net Loans 43,074 84,240
Total Deposits 123,884 113,741
Total Equity 13,816 13,959
Profitability
Net Income 189 728
Return on Average Assets .263 1.008
Return on Average Equity 2.275 9.872
Net Interest Margin 2.468 3.797
Efficiency Ratio 87.931 70.483
Noninterest Income/Revenue 10.992 13.382
Balance Sheet Ratios
Loan-to-Deposit 34.77 71.512
Securities/Assets .539 .201
Total Equity/Total Assets .1 .104
Tangible Equity/Tangible Assets .1 .103
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 13,516 13,336
Tier 2 Capital 640 1,041
Total Capital 14,156 14,392
Total Risk Weighted Assets 57,715 92,777
Leverage Ratio 9.59 10.179
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 23.42 15.445
Total Capital Ratio 24.53 16.557

Timeline for Kanabec State Bank

First Citizens Bank

Kanabec State Bank was acquired by First Citizens Bank 9 years

View Profile Jul 01 2014

First Citizens Financial Corp.

First Citizens Financial Corp. became a new parent organization for Kanabec State Bank.

View Profile Jun 01 2007

Kanabec Credit Company

Kanabec Credit Company became a new parent organization for Kanabec State Bank.

View Profile Dec 31 1970

Kanabec State Bank

Kanabec State Bank was established 107 years ago and is currently headquartered in Mora, MN.

May 01 1917
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First Citizens Bank Buyer 1,248,001 Pooling of Interests Discontinued 7/1/2014
Relationships Role Relationship Start Relationship End
First Citizens Financial Corp. Parent 6/1/2007 6/30/2014
Kanabec Credit Company Parent 12/31/1989 5/31/2007
Kanabec Credit Company Parent 12/31/1984 12/30/1989
Kanabec Credit Company Parent 12/31/1982 12/30/1984
Kanabec Credit Company Parent 12/31/1981 12/30/1982
Kanabec Credit Company Parent 12/31/1979 12/30/1981
Kanabec Credit Company Parent 12/31/1976 12/30/1979
Kanabec Credit Company Parent 12/31/1973 12/30/1976
Kanabec Credit Company Parent 12/31/1970 12/30/1973
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