Center National Bank, Financial Information

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.

Bank of Litchfield opened for business in January 1891. Bank of Litchfield became the State Bank of Litchfield, then First State Bank of Litchfield, then First Bank Litchfield, then First Bank Central, and then the current name of Center National Bank.

Bank of Litchfield was located on North Sibley Avenue and was occupied temporarily while the building was under construction. Fire destroyed this building and a new building was constructed at the same location. The bank was moved to the present site of 301 North Ramsey Avenue in 1978. Extensive remodeling was done to the bank building in 1999 with moving the teller area to the center of the lobby and adding new offices around the sides of the bank.

Center National Bank has grown to $136 million in assts and continues to be a locally owned hometown bank that focuses on service to Meeker Country and the surrounding area.

Litchfield office
301 N. Ramsey Ave.
Litchfield, MN 55355
Toll-free 800-893-3255
Local 320-693-3255
Fax 320-693-7429

Plymouth office
15705 37th Ave. N.
Plymouth, MN 55446
Toll-free 800-893-3255
Local 763-225-8888
Fax 763-225-8899