Citizens Alliance Bank
Clara City, Minnesota, Chippewa County
$1.4B in total assets, the 789th largest of 4,309 US banks and 12th of 225 headquartered in Minnesota.
- FDIC certificate
- 1402
- Established
- 1902
- Owned by
- Forstrom Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.citizensalliancebank.com
At a glance
Compared with 16 banks headquartered in Minnesota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.4B | 38% | $1.5B | |
| Loans | $1.0B | 56% | $929M | |
| Deposits | $1.2B | 50% | $1.3B | |
| Return on assets | 0.52% | 2% | 1.31% | |
| Net interest margin | 3.65% | 50% | 3.72% | |
| Efficiency ratio | 65.5% | 88% | 53.9% | |
| Equity to assets | 9.89% | 50% | 10.67% | |
| Loans to deposits | 83% | 50% | 84% |
Growth
Total assets grew 8.2% a year over the last 5 years and 7.9% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2025 | Stockmens Bank Cascade, MT | $44M |
| Jun 2023 | Granite Mountain Bank Inc dba Granite Mountain Bank Philipsburg, MT | $130M |
| Aug 2019 | Farmers and Merchants State Bank of Sacred Heart Sacred Heart, MN | $26M |
| Apr 2016 | First Bank of Lincoln Lincoln, MT, an affiliate under the same holding company | $24M |
| Apr 2014 | First Valley Bank Seeley Lake, MT, an affiliate under the same holding company | $52M |
| May 2013 | First State Bank of Murdock Murdock, MN, an affiliate under the same holding company | $11M |
| Oct 2011 | Security State Bank of Howard Lake Howard Lake, MN, an affiliate under the same holding company | $79M |
| May 2007 | Yellow Medicine County Bank Granite Falls, MN, an affiliate under the same holding company | $79M |
| Oct 2005 | First State Bank, Lake Lillian, Minnesota Lake Lillian, MN, an affiliate under the same holding company | $101M |
| Apr 1991 | Security State Bank of Maynard Maynard, MN | $7M |
| Sep 1987 | Americana State Bank of Clara City Clara City, MN | $8M |
Where they operate
17 branches in 12 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Yellow Medicine County, MN | $345M | 53.5% | 1 of 4 |
| Chippewa County, MN | $275M | 52.4% | 1 of 4 |
| Cascade County, MT | $106M | 4.9% | 5 of 11 |
| Granite County, MT | $83M | 100.0% | 1 of 1 |
| Silver Bow County, MT | $75M | 8.3% | 6 of 7 |
| Wright County, MN | $74M | 2.5% | 17 of 24 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 8 branches since 2016 (9 to 17, +88.9%). 4 opened, 6 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 9 | |||
| 2016 | Acquired First Bank of Lincoln | 1 | 0 | +1 | 10 |
| 2019 | Acquired Farmers and Merchants State Bank of Sacred HeartOpened Great Falls | 2 | 0 | +2 | 12 |
| 2020 | Opened Montevideo | 1 | 0 | +1 | 13 |
| 2021 | Opened Great FallsClosed Great Falls | 1 | 1 | 0 | 13 |
| 2023 | Acquired Granite Mountain Bank Inc dba Granite Mountain Bank | 3 | 0 | +3 | 16 |
| 2025 | Acquired Stockmens Bank | 1 | 0 | +1 | 17 |
| 2026 through Q2 | Opened MontevideoClosed Montevideo | 1 | 1 | 0 | 17 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 27% | 32% | |
| 1-4 family residential | 16% | 23% | |
| Farmland | 15% | 2% | |
| Agricultural | 13% | 2% | |
| Business (C&I) | 11% | 17% | |
| Construction and land | 9% | 7% | |
| Multifamily | 6% | 10% | |
| Consumer | 1% | 2% | |
| Other | 2% | 5% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 46% | 53% | |
| Time deposits | 30% | 26% | |
| Noninterest-bearing | 24% | 21% |
Brokered deposits are 6.7% of deposits (peers 8.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.48% | 0.52% |
| Net charge-offs, annualized | -0.00% | 0.05% |
| Reserves to loans | 1.12% | 1.23% |
| Leverage ratio | 9.81% | 10.52% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Yellow Medicine County, MN
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/citizens-alliance