Citizens Bank Minnesota
New Ulm, Minnesota, Brown County
$596M in total assets, the 1,594th largest of 4,309 US banks and 40th of 225 headquartered in Minnesota.
- FDIC certificate
- 8200
- Established
- 1875
- Owned by
- Citizens Bcorp Of New Ulm Inc
- Primary regulator
- FDIC
- Website
- www.citizensmn.bank/
At a glance
Compared with 150 banks headquartered in Minnesota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $596M | 86% | $277M | |
| Loans | $405M | 81% | $181M | |
| Deposits | $499M | 85% | $243M | |
| Return on assets | 0.74% | 11% | 1.25% | |
| Net interest margin | 3.17% | 10% | 4.00% | |
| Efficiency ratio | 67.1% | 70% | 61.0% | |
| Equity to assets | 9.04% | 40% | 9.59% | |
| Loans to deposits | 81% | 46% | 83% |
Growth
Total assets grew 0.9% a year over the last 5 years and 5.1% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2021 | Ormsby State Bank Ormsby, MN | $27M |
| Apr 2020 | Farmers State Bank of Watkins Watkins, MN | $45M |
| Jan 1999 | State Bank of La Salle (Incorporated) La Salle, MN | $31M |
| Jan 1993 | Citizens State Bank of Lafayette Lafayette, MN | $14M |
Where they operate
6 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Brown County, MN | $273M | 28.1% | 1 of 10 |
| Meeker County, MN | $58M | 9.4% | 4 of 8 |
| Nicollet County, MN | $54M | 6.9% | 5 of 6 |
| Dakota County, MN | $52M | 0.5% | 26 of 32 |
| Watonwan County, MN | $45M | 8.0% | 3 of 6 |
| Martin County, MN | $17M | 1.6% | 12 of 12 |
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 2 branches since 2016 (4 to 6, +50.0%). 0 opened, 2 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2020 | Acquired Farmers State Bank of Watkins | 1 | 0 | +1 | 5 |
| 2021 | Acquired Ormsby State Bank | 1 | 0 | +1 | 6 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 33% | 28% | |
| Farmland | 31% | 10% | |
| Agricultural | 18% | 8% | |
| Commercial real estate | 7% | 25% | |
| Business (C&I) | 6% | 15% | |
| Multifamily | 2% | 4% | |
| Construction and land | 1% | 5% | |
| Consumer | 1% | 4% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 49% | |
| Time deposits | 30% | 30% | |
| Noninterest-bearing | 5% | 21% |
Brokered deposits are 0.0% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.02% | 0.48% |
| Net charge-offs, annualized | -0.00% | 0.00% |
| Reserves to loans | 0.72% | 1.21% |
| Leverage ratio | 9.33% | 10.08% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Minnesota
Largest competitors in Brown 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-minnesota