Bank of Zumbrota in Zumbrota, Minnesota (MN)



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Bank of Zumbrota
GeneralFDIC 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
WWW: http://www.bankofzumbrota.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)38
Total assets$136,619
Cash and due from depository institutions$10,272
Interest-bearing balances$8,088
Securities$25,457
Federal funds sold & reverse repurchase agreements$2,109
Net loans & leases$93,999
Loan loss allowance $1,562
Trading account assets$0
Bank premises and fixed assets$1,002
Other real estate owned$572
Goodwill and other intangibles$280
All other assets$2,928
Life insurance assets$136,619
Total liabilities and capital$120,253
Total liabilities$111,747
Total deposits$92,390
Interest-bearing deposits$111,747
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,809
Other borrowed funds $0
Subordinated debt $697
All other liabilities $16,366
Total equity capital$16,366
Total bank equity capital$16,366
Perpetual preferred stock$0
Common stock$100
Surplus$7,982
Undivided profits $8,284
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,994
Earning assets $0
Long-term assets (5+ years) $816
Average Assets, year-to-date $129,653
Average Assets, quarterly $29,163
Volatile liabilities $134,179
Insider loans $135,649
FHLB advances $109,483
Loans and leases held for sale $134,878
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,379
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,084
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,805
Total interest expense $1,616
Net interest income $5,189
Provision for loan and lease losses $425
Total noninterest income $760
Fiduciary activities $0
Service charges on deposit accounts $217
Trading account gains & fees $0
Additional noninterest income $543
Total noninterest expense $3,745
Salaries and employee benefits $2,416
Premises and equipment expense $520
Additional noninterest expense $809
Pre-tax net operating income $1,779
Securities gains (losses) $0
Applicable income taxes $2
Income before extraordinary items $1,777
Extraordinary gains - net $0
Net income attributable to bank $1,777
Net charge-offs $0
Cash dividends $1,777
Sale, conversion, retirement of capital stock, net $212
Net operating income $988
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.38%
Cost of funding earning assets 1.28%
Net interest margin 4.10%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 2.96%
Net operating income to assets 1.32%
Return on assets (ROA) 1.32%
Pretax return on assets 1.33%
Return on equity (ROE) 11.44%
Retained earnings to average equity (YTD only) 5.08%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 200.47%
Efficiency ratio10.40%
Assets per employee$62,952
Cash dividends to net income (YTD only)3.60%
Condition Ratios (%)
Loss allowance to loans 55.60%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 78.34%
Noncurrent loans to loans 1.88%
Net loans and leases to deposits2.09%
Net loans and leases to core deposits 84.12%
Equity capital to assets 90.95%
Core capital (leverage) ratio 11.98%
Tier 1 risk-based capital ratio 11.40%
Total risk-based capital ratio 14.05%
Memoranda
Average assets$15
Average earning assets$134,179
Average equity $15,534
Average loans $126,533
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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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