Citizens Bank Minnesota
BankRegReports is independent of Citizens Bank Minnesota and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Citizens Bank Minnesota is an FDIC-insured commercial bank headquartered in New Ulm, MN, established in 1875 (FDIC certificate 8200), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $596.0M, up 2.7% from Q2 2025, the 40th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 11.68% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8200
- Headquarters
- New Ulm, MN
- Established
- 1875
- Total assets, Q2 2026
- $596.0M
- Assets vs Q2 2025
- +2.7%
- CET1 ratio, Q2 2026
- 11.68%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 091901192
- Latest call report
- Q2 2026, FFIEC 041 · Citizens Bank Minnesota call report
- Holding company
- CITIZENS BANCORPORATION OF NEW ULM, INC.
- Asset rank in state
- 40th of 221 in Minnesota
Citizens Bank Minnesota operates with a thinner capital cushion than most banks of its size. Based in New Ulm, Minnesota, it had $596 million in assets at June 30, 2026, up 2.7% from a year earlier. It holds common equity equal to 11.68% of its risk-weighted assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). On the other hand, it carries problem assets equal to 0.2% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for banks its size.
Earnings jumped: net income for the quarter was $1.3 million, 194% above the same quarter a year earlier. Paper losses on its bond portfolio are shrinking: unrealized losses of $8.0 million equal 14% of Tier 1 capital, down from 20% a year earlier. Its margin is thin by comparison: it keeps 3.17 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.95 cents).
As of June 30, 2026, Citizens Bank Minnesota reported a CET1 capital ratio of 11.68%, a return on assets of 0.89%, a nonperforming-loan ratio of 0.02% and a Texas ratio of 0.17%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Citizens Bank Minnesota is the 40th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.0% to $596.0M, loans rose 1.3% and deposits fell 1.5%. 1-4 family residential loans made up 32.9% of its total loans on June 30, 2026, its largest category; next came farmland and other real estate loans at 31.2%. The FDIC Summary of Deposits lists 6 offices for it, in 6 cities in MN; its New Ulm office books 55% of its branch deposits. By the capital ratios in its Q2 2026 call report, Citizens Bank Minnesota meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 105 N Minnesota St, New Ulm, MN 56073
- County
- Brown
- Metro Area
- New Ulm, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 13, 1875
- Former names
- Citizens Bank of New Ulm (1983-2003)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 91
- Domestic deposits
- $498.7M
- Allowance for credit losses
- $2.9M
- Net charge-offs (YTD)
- -$7K
- Average total assets
- $602.2M
- Average total loans
- $404.0M
- Average interest-bearing deposits
- $517.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8200
- Fed RSSD
- 874050
- Website
- www.citizensmn.bank/ →
- Parent Holding Company
- CITIZENS BANCORPORATION OF NEW ULM, INC. (RSSD 1135114)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Citizens Bank Minnesota's total assets moved between a low of $564.0M (Q2 2024) and a high of $599.6M (Q3 2025) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$596.0M total assets against $580.3M; $542.1M total liabilities against $530.7M.
$401.6M net loans and leases against $388.4M; $498.7M total deposits against $493.3M.
$156.7M securities against $152.7M; $6.2M cash and balances due against $7.8M.
$7.0M total interest income against $6.5M; $2.4M total interest expense against $2.7M.
$4.5M net interest income against $3.8M.
$768K total noninterest income against $602K; $3.6M total noninterest expense against $3.5M.
-$11K provision for credit losses against $252K.
$1.3M net income against $453K.
0.89% return on assets against 0.31%; 3.17% net interest margin against 2.72%.
11.68% CET1 capital ratio against 11.45%; 9.33% tier 1 leverage ratio against 9.06%.
Inside the full Citizens Bank Minnesota terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeCitizens Bank Minnesota rankings
Its closest position to the top of a national ranking is 1,557 of 4,196, for total assets; its furthest is 3,178 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.31% (Q4 2024) to 0.89% (Q2 2026) and its net interest margin ran from 2.49% (Q3 2024) to 3.17% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.68% | 0.89% | 0.02% | 0.17% | 3.17% |
| Q1 2026 | 11.67% | 0.81% | 0.02% | 0.19% | 3.10% |
| Q4 2025 | 11.26% | 0.55% | 0.02% | 0.19% | 2.96% |
| Q3 2025 | 11.37% | 0.68% | 0.00% | 0.40% | 2.80% |
| Q2 2025 | 11.45% | 0.31% | 0.02% | 0.56% | 2.72% |
| Q1 2025 | 11.62% | 0.43% | 0.00% | 0.77% | 2.64% |
| Q4 2024 | 11.18% | 0.31% | 0.10% | 0.84% | 2.59% |
| Q3 2024 | 11.42% | 0.50% | 0.11% | 1.11% | 2.49% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Citizens Bank Minnesota (main office) | New Ulm , MN | 56073 | $273.2M |
| Watkins Branch | Watkins , MN | 55389 | $58.2M |
| Lafayette Branch | Lafayette , MN | 56054 | $53.6M |
| Lakeville Branch | Lakeville , MN | 55044 | $52.1M |
| La Salle Branch | La Salle , MN | 56056 | $44.8M |
| Ormsby Branch | Ormsby , MN | 56162 | $16.8M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 23, 2021 | Structure Change | Acquired Ormsby State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 22, 2021 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 18, 2020 | Structure Change | Acquired Farmers State Bank of Watkins Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 16, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 4, 1999 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 4, 1999 | Structure Change | Acquired State Bank of La Salle (Incorporated) Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 1, 1993 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 1993 | Structure Change | Acquired Citizens State Bank of Lafayette Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.2% of deposits in MN, rank 58 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 165 applications, 120 loans originated, $25.6M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $1.0M approved, $1.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2024 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Citizens Bank Minnesota’s latest filed figures and updates each quarter.
Similar banks
Compare Citizens Bank Minnesota with peers
Frequently asked about Citizens Bank Minnesota
What are Citizens Bank Minnesota's total assets?
As of the Q2 2026 filing, Citizens Bank Minnesota reported total assets of $596.0 million in its FFIEC call report.
Where is Citizens Bank Minnesota headquartered?
It is headquartered in New Ulm, MN, United States.
When was Citizens Bank Minnesota founded?
It was established in 1875, per the FDIC institution directory.
Is Citizens Bank Minnesota FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8200). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens Bank Minnesota?
Citizens Bank Minnesota's primary federal regulator is the FDIC.
What is Citizens Bank Minnesota's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.68% in its Q2 2026 call report, above regulatory requirements.
How many branches does Citizens Bank Minnesota operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens Bank Minnesota's Texas Ratio?
Its Texas Ratio is 0.17% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Citizens Bank Minnesota previously called?
The charter now named Citizens Bank Minnesota has also operated as Citizens Bank of New Ulm (1983-2003), per FDIC structure-change records.
Go deeper on Citizens Bank Minnesota.
Get an email when Citizens Bank Minnesota files its next call report, and benchmark it against any peer you choose.
Unlock Citizens Bank Minnesota, freeFree account