PackageTrendsPeer
Letter portraitLegal landscape

Citizens State Bank of Finley, The

Finley, ND · Cert 16187

FDIC · 3 branches

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Citizens State Bank of Finley, The

Finley, ND · Cert 16187

FDIC · 3 branches

Q3 2021

$136.3MAssets
$72.2MLoans
$113.0MDeposits
$21.9MEquity
Loan mix
75%RE $26.1M19%C&I $6.7M5%Consumer $1.8MQ3 2020Q3 2021
Deposit mix
72%Interest-bearing $81.6M28%Noninterest $31.4MQ3 2020Q3 2021

NIM

4.51%Q3 ’194.00%Q3 ’201.64%Q3 ’21-6%-57%

Non-interest income vs. expense

3.16%Q3 ’193.31%Q3 ’201.28%Q3 ’21+34%-50%

Market Position · Grand Forks, ND-MN · 2021 SOD (annual) · 0.5% share · #18 of 19 inst. · $0.0B of $3.8B

35.5% Griggs
53.7% Steele
0.7% Grand Forks

Executive Summary

  • Earnings: ROA of 0.33%, down 86 bps year over year; NIM at 1.48%.
  • Asset quality: problem loans at 1.54% of loans (+154 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.57%, up 150 bps from a year ago.
  • Funding: loans stand at 63.88% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.33%-86 bps YoY

Net Interest Margin (YTD, annualized)

1.48%-198 bps YoY

Efficiency Ratio (YTD, annualized)

78.62%+423 bps YoY

Tier 1 Leverage Ratio

15.57%+150 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.18%1.01%0.87%0.14%0.33%-86 bps
Return on Equity8.26%6.99%6.03%0.94%2.17%-609 bps
Net Interest Margin3.46%3.38%3.26%0.78%1.48%-198 bps
Efficiency Ratio74.38%77.54%78.89%81.94%78.62%+423 bps
Non-Interest Burden2.32%2.39%2.43%0.64%1.17%-115 bps
Growth
Asset Growth (YoY)3.27%2.83%10.11%3.83%-0.49%-376 bps
Loan Growth (YoY)-5.45%-10.34%-17.56%-14.49%-10.97%-552 bps
Deposit Growth (YoY)7.24%10.65%13.04%12.53%7.06%-18 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%1.09%0.00%1.54%+154 bps
Net Charge-Offs / Loans0.05%0.04%0.00%0.00%0.00%-5 bps
Allowance / Loans1.62%1.77%1.91%0.00%0.00%-162 bps
Allowance Coverage of NPLsn/an/a1.7xn/a0.0xn/a
Capital
Tier 1 Leverage Ratio14.06%14.41%14.24%14.94%15.57%+150 bps
Total Risk-Based Capital14.06%14.41%14.24%23.20%25.44%+1,138 bps
Equity / Assets14.41%14.83%14.12%15.26%16.06%+165 bps
Liquidity & Funding
Loans / Deposits76.81%65.55%57.89%63.89%63.88%-1,293 bps
Liquid Assets / Assets5.74%0.56%0.44%1.44%2.11%-363 bps
CRE / Total Capitaln/an/an/an/an/an/an/a