Cambridge State Bank in Cambridge, Minnesota (MN)
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| Cambridge State Bank | |
|---|---|
| General | FDIC Certificate #: 10987 Status: Active Federal Reserve ID: 338851 Date Established: Febuary 19, 1914 WWW: http://www.cambridgestatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 7039 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 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: 127 South Main, Cambridge, MN 55008 County: Isanti 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $74.1 mil Equity capital: $8.6 mil Deposits held in domestic offices: $62.0 mil Return on assets (ROA): 0.10% ($0.1 mil) Quarterly return on assets: -1.07% (-$0.8 mil) Return on Equity (ROE): 0.90% ($0.1 mil) Quarterly return on equity: -9.21% (-$0.8 mil) Net income: $0.1 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.10% ($74.1 mil) Quarterly Pretax return on assets: -1.07% (-$793.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 17 |
| Total assets | $74,143 |
| Cash and due from depository institutions | $1,707 |
| Interest-bearing balances | $266 |
| Securities | $11,295 |
| Federal funds sold & reverse repurchase agreements | $3,000 |
| Net loans & leases | $52,933 |
| Loan loss allowance | $1,425 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,763 |
| Other real estate owned | $2,685 |
| Goodwill and other intangibles | $0 |
| All other assets | $760 |
| Life insurance assets | $74,143 |
| Total liabilities and capital | $65,587 |
| Total liabilities | $61,981 |
| Total deposits | $55,370 |
| Interest-bearing deposits | $61,981 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,425 |
| Other borrowed funds | $0 |
| Subordinated debt | $181 |
| All other liabilities | $8,556 |
| Total equity capital | $8,556 |
| Total bank equity capital | $8,556 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $6,850 |
| Undivided profits | $1,556 |
| 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 | $4,281 |
| Earning assets | $270 |
| Long-term assets (5+ years) | $261 |
| Average Assets, year-to-date | $67,494 |
| Average Assets, quarterly | $11,423 |
| Volatile liabilities | $78,262 |
| Insider loans | $74,483 |
| FHLB advances | $54,343 |
| Loans and leases held for sale | $74,725 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,285 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,350 |
| Derivatives | $1,167 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,715 |
| Total interest expense | $617 |
| Net interest income | $3,098 |
| Provision for loan and lease losses | $717 |
| Total noninterest income | $228 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $71 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $157 |
| Total noninterest expense | $2,578 |
| Salaries and employee benefits | $1,342 |
| Premises and equipment expense | $302 |
| Additional noninterest expense | $934 |
| Pre-tax net operating income | $31 |
| Securities gains (losses) | $46 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $77 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $77 |
| Net charge-offs | $0 |
| Cash dividends | $77 |
| Sale, conversion, retirement of capital stock, net | $677 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.17% |
| Cost of funding earning assets | 0.86% |
| Net interest margin | 4.32% |
| Noninterest income to earning assets | 0.32% |
| Noninterest expense to earning assets | 3.59% |
| Net operating income to assets | 0.04% |
| Return on assets (ROA) | 0.10% |
| Pretax return on assets | 0.10% |
| Return on equity (ROE) | 0.90% |
| Retained earnings to average equity (YTD only) | 0.90% |
| Net charge-offs to loans | 1.18% |
| Credit loss provision to net charge-offs | 105.91% |
| Efficiency ratio | 1.10% |
| Assets per employee | $77,511 |
| Cash dividends to net income (YTD only) | 4.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.62% |
| Noncurrent assets plus other real estate owned to assets | 33.29% |
| Noncurrent loans to loans | 9.40% |
| Net loans and leases to deposits | 7.88% |
| Net loans and leases to core deposits | 85.40% |
| Equity capital to assets | 92.21% |
| Core capital (leverage) ratio | 11.54% |
| Tier 1 risk-based capital ratio | 11.09% |
| Total risk-based capital ratio | 15.25% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $78,262 |
| Average equity | $8,579 |
| Average loans | $71,793 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7039 | Cambridge State Bank | 127 South Main, Cambridge, MN 55008 | Febuary 19, 1914 | Full Service Brick and Mortar |  |
| 1 | 360238 | The Meadows Of Riverhills Branch | 1545 Riverhills Prkway, Cambridge, MN 55008 | March 15, 2001 | Full Service Brick and Mortar |  |
| 2 | 360239 | Mill Ridge Commons Branch | 235 North Fern, Cambridge, MN 55008 | March 20, 2001 | Full Service Brick and Mortar | |
| 3 | 419738 | East Office Branch | 127 South Xylite St. N.E., Cambridge, MN 55008 | September 16, 2002 | Full Service Brick and Mortar | |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.