Citizens Alliance Bank, Financial Information

AboutCitizens Alliance Bank

 Address:
55 First Street Northwest
Clara City,MN
Chippewa County,Minnesota
 Established:
Jul 1902
 Number of domestic offices:
12
Agriculture bank
Total assets$934M
Net income$13M
Net income,quarterly$5M
Total deposits$781M
Domestic deposits$781M
Equity capital$95M
ROA1.5%
ROAQ,quarterly2.14%
ROA,pretax2.14%
ROAQ,quarterly,pretax2.68%
ROE15.82%
ROEQ,quarterly21.5%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Citizens Alliance Bank, formally known as Citizens State Bank of Clara City (CSBCC) until October of 2010, was originally chartered as the German American Bank on November 15, 1902. Over the past 110+ years, Citizens Alliance Bank has grown substantially. This can be evidenced by asset growth that started at $10,000 in 1902 and now exceeds $470,000,000. Citizens Alliance Bank have eight offices in eight communities in Minnesota.

Clara City
55 1st Street NW
P.O. Box 430
Clara City, MN 56222
Phone: (320) 847-3702
Fax: (320) 847-3778

Maynard Branch
240 Spicer Ave
P.O. Box 245
Maynard, MN 56260
Phone: (320) 367-2183
Fax: (320) 367-2184

Granite Falls Branch
860 Highway 212 W
P.O. Box 68
Granite Falls, MN 56241
Phone: (320) 564-4522
Fax: (320) 564-3683

Lake Lillian Branch
451 Lakeview Street
P.O. Box 8
Lake Lillian, MN 56253
Phone: (320) 664-4111
Fax: (320) 664-4738

Echo Branch
631 - 2nd Ave W
P.O. Box 276
Echo, MN 56237
Phone: (507) 925-4133
Fax: (507) 925-4148

Howard Lake Branch
900 6th Street
P.O. Box 280
Howard Lake, MN 55349
Phone: (320) 543-2151
Fax: (320) 543-2638

Watertown Branch
200 Lewis Ave S, Suite 101
Watertown, MN 55388
Phone: (952) 955-2992
Fax: (952) 955-3992

Murdock Branch
520 Main Avenue
P.O. Box 50
Murdock, MN 56271
Phone (320) 875-2431
Fax (320) 875-2265