Bank of Zumbrota in Zumbrota, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Zumbrota - Overview

  • General
  • FDIC Certificate #: 13654
    Status: Active
    Federal Reserve ID: 903455
    Bank Holding Company (Regulatory Top Holder): Zumbrota Agency, Inc. (RSSDID: 1123111, Location: Zumbrota, MN)
    Date Established: January 01, 1925
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 13847
    FDIC's unique #: 8532
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 07, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 West Third, Zumbrota, MN 55992
    County: Goodhue
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $136.6 mil
    Equity capital: $16.4 mil
    Deposits held in domestic offices: $111.7 mil
    Return on assets (ROA): 1.32% ($1.8 mil)
    Quarterly return on assets: 1.30% ($1.8 mil)
    Return on Equity (ROE): 11.44% ($1.8 mil)
    Quarterly return on equity: 10.86% ($1.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.33% ($1,817.0 mil)
    Quarterly Pretax return on assets: 1.30% ($1,776.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $136,619Total assets
  • $10,272Cash and due from depository institutions
  • $8,088Interest-bearing balances
  • $25,457Securities
  • $2,109Federal funds sold & reverse repurchase agreements
  • $93,999Net loans & leases
  • $1,562Loan loss allowance
  • $0Trading account assets
  • $1,002Bank premises and fixed assets
  • $572Other real estate owned
  • $280Goodwill and other intangibles
  • $136,619Life insurance assets
  • $2,928All other assets
  • $120,253Total liabilities and capital
  • $111,747Total liabilities
  • $92,390Total deposits
  • $111,747Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,809Trading liabilities
  • $0Other borrowed funds
  • $697Subordinated debt
  • $16,366All other liabilities
  • $16,366Total equity capital
  • $16,366Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $7,982Surplus
  • $8,284Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,994Income earned, not collected on loans
  • $0Earning assets
  • $816Long-term assets (5+ years)
  • $129,653Average Assets, year-to-date
  • $29,163Average Assets, quarterly
  • $134,179Volatile liabilities
  • $135,649Insider loans
  • $109,483FHLB advances
  • $134,878Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,084Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,805Total interest income
  • $1,616Total interest expense
  • $5,189Net interest income
  • $425Provision for loan and lease losses
  • $760Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $543Additional noninterest income
  • $3,745Total noninterest expense
  • $2,416Salaries and employee benefits
  • $520Premises and equipment expense
  • $809Additional noninterest expense
  • $1,779Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • $1,777Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,777Net income attributable to bank
  • $0Net charge-offs
  • $1,777Cash dividends
  • $212Sale, conversion, retirement of capital stock, net
  • $988Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 11.44%Return on equity (ROE)
  • 5.08%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 200.47%Credit loss provision to net charge-offs
  • 10.40%Efficiency ratio
  • 62,952Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.60%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 78.34%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.09%Net loans and leases to deposits
  • 84.12%Net loans and leases to core deposits
  • 90.95%Equity capital to assets
  • 11.98%Core capital (leverage) ratio
  • 11.40%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $134,179Average earning assets
  • $15,534Average equity
  • $126,533Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08532Bank Of Zumbrota70 West Third, Zumbrota, MN 55992January 01, 1925Full Service Brick and Mortar
    1229755Zumbrota Branch1440 Main Street, Zumbrota, MN 55992August 01, 1992Full Service Brick and Mortar

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