The Citizens National Bank of Park Rapids

300 West First Street
Park Rapids, MN 56470

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5223
Date Established 1933
Assets $0.25 billion
Loans $0.21 billion
Deposits $0.22 billion
Capital $0.03 billion

The Citizens National Bank of Park Rapids is an FDIC insured institution located in Park Rapids, MN. It was founded in 1933 and has approximately $0.25 billion in assets.

For a more detailed analysis of The Citizens National Bank of Park Rapids's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $149,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
0.75% $1,000 - Learn MoreShow Less
12 Mo CD
1.46% $500 - Learn MoreShow Less
18 Mo CD
1.56% $500 - Learn MoreShow Less
24 Mo CD
1.56% $500 - Learn MoreShow Less
30 Mo CD
1.76% $500 - Learn MoreShow Less
36 Mo CD
1.96% $10,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.76% $25 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.51% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - July 21, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

The Citizens National Bank of Park Rapids branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


The Citizens National Bank of Park Rapids Locations


Financial Details

The Citizens National Bank of Park Rapids Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Citizens National Bank of Park Rapids. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
The Citizens National Bank of Park Rapids U.S. Bank Average
4.9% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2019, The Citizens National Bank of Park Rapids had $1,455,000 in non-current loans and $102,000 in owned real estate. To cover these potential losses it had $28,868,000 in equity and $2,920,000 in loans loss reserves. That gives it a Texas Ratio of 4.9%.

Return on Equity
The Citizens National Bank of Park Rapids U.S. Bank Average
12.45% 9.47%

The Citizens National Bank of Park Rapids has a Return on Equity of 12.45% versus the BestCashCow average of 9.47%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
The Citizens National Bank of Park Rapids U.S. Bank Average
11.41% 12.49%

The Citizens National Bank of Park Rapids has a Capitalization of 11.41% versus the BestCashCow average of 12.49. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

The Citizens National Bank of Park Rapids Balance Sheet Analysis

As of March 31, 2019, The Citizens National Bank of Park Rapids had assets of $252,913,000, loans of $209,556,000, and deposits of $219,577,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.21 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.22 billion
LIABILITIES
Total deposits $0.22 billion
      Interest-bearing deposits $0.19 billion
      Deposits held in domestic offices $0.22 billion
      % insured (estimated) 80.36%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.22 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in The Citizens National Bank of Park Rapids’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Minnesota, The Citizens National Bank of Park Rapids has a significantly higher percent of Credit Card Loans, Consumer Auto Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 36.39
Multifamily
Mortgages
2.09
Credit Card Loans 0.54
Consumer Auto Loans 5.89
Small Business Loans 0.00
Construction and Development Loans 8.70
Commercial Real Estate 19.58
Commercial and Industrial Loans 7.48
Farm Loans 7.80

Frequently Asked Questions About The Citizens National Bank Of Park Rapids

Branches and Savings

Is The Citizens National Bank Of Park Rapids FDIC insured?

Yes. It is covered under FDIC Certificate #5223.

Why does The Citizens National Bank Of Park Rapids pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are The Citizens National Bank Of Park Rapids CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is The Citizens National Bank Of Park Rapids a commercial bank?

Yes

Where are The Citizens National Bank Of Park Rapids locations?

See branch locations nearby.

Is The Citizens National Bank Of Park Rapids open on Saturdays?

Is The Citizens National Bank Of Park Rapids open on Sundays?

What time does The Citizens National Bank Of Park Rapids open?

What time does The Citizens National Bank Of Park Rapids close?

Are The Citizens National Bank Of Park Rapids ATMs Open 24/7?

Do The Citizens National Bank Of Park Rapids ATMs accept cash deposits?

Can The Citizens National Bank Of Park Rapids customers use other ATMs?

Do The Citizens National Bank Of Park Rapids branches have notaries?

Will The Citizens National Bank Of Park Rapids notarize my document?

What address for The Citizens National Bank Of Park Rapids should I put for incoming ACH transfers?

Will the The Citizens National Bank Of Park Rapids branch print checks?

Do The Citizens National Bank Of Park Rapids checks expire?

Does The Citizens National Bank Of Park Rapids require US citizenship to open account?

Can The Citizens National Bank Of Park Rapids close my account?

Does The Citizens National Bank Of Park Rapids Report to credit bureaus?

Does The Citizens National Bank Of Park Rapids Use Equifax?

What is The Citizens National Bank Of Park Rapids's ACH Routing Number?

What is The Citizens National Bank Of Park Rapids's SWIFT code?

Products

Does The Citizens National Bank Of Park Rapids offer mortgages?

Compare mortgage rates here.

Does The Citizens National Bank Of Park Rapids offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The Citizens National Bank Of Park Rapids offer personal loans?

Compare personal loan rates here.

Does The Citizens National Bank Of Park Rapids offer student loans?

Will The Citizens National Bank Of Park Rapids cash a check?

Will The Citizens National Bank Of Park Rapids redeem a savings bond?

Does The Citizens National Bank Of Park Rapids cash savings bonds?

Will The Citizens National Bank Of Park Rapids cash money orders?

Can The Citizens National Bank Of Park Rapids issue a money order?

Does The Citizens National Bank Of Park Rapids do currency exchange?

Background on The Bank

Who owns The Citizens National Bank Of Park Rapids?

How long has The Citizens National Bank Of Park Rapids been around?

Can The Citizens National Bank Of Park Rapids transfer to other banks?

Does The Citizens National Bank Of Park Rapids have quick pay?

Does The Citizens National Bank Of Park Rapids accept rolled coins?

Will The Citizens National Bank Of Park Rapids accept loose change?

Where is The Citizens National Bank Of Park Rapids headquarters?

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