Castle Rock Bank in Castle Rock, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Castle Rock Bank - Overview

  • General
  • FDIC Certificate #: 1913
    Status: Active
    Federal Reserve ID: 152253
    Date Established: August 16, 1916
    WWW: http://www.castlerockbank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1278
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 27, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 27925 Danville Ave, Castle Rock, MN 55010
    County: Dakota
    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
  • Change in Location
  • Financial Summary
  • Total assets: $163.0 mil
    Equity capital: $19.3 mil
    Deposits held in domestic offices: $143.5 mil
    Return on assets (ROA): 1.27% ($2.1 mil)
    Quarterly return on assets: 1.14% ($1.9 mil)
    Return on Equity (ROE): 10.09% ($1.9 mil)
    Quarterly return on equity: 9.34% ($1.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.27% ($2,069.7 mil)
    Quarterly Pretax return on assets: 1.14% ($1,857.9 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
  • 25Total employees (full-time equivalent)
  • $162,971Total assets
  • $15,307Cash and due from depository institutions
  • $0Interest-bearing balances
  • $72,397Securities
  • $850Federal funds sold & reverse repurchase agreements
  • $71,269Net loans & leases
  • $1,406Loan loss allowance
  • $0Trading account assets
  • $269Bank premises and fixed assets
  • $624Other real estate owned
  • $0Goodwill and other intangibles
  • $162,971Life insurance assets
  • $2,255All other assets
  • $143,693Total liabilities and capital
  • $143,500Total liabilities
  • $114,514Total deposits
  • $143,500Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $193Subordinated debt
  • $19,278All other liabilities
  • $19,278Total equity capital
  • $19,278Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $5,950Surplus
  • $13,278Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,169Income earned, not collected on loans
  • $0Earning assets
  • $1,301Long-term assets (5+ years)
  • $144,516Average Assets, year-to-date
  • $40,813Average Assets, quarterly
  • $148,488Volatile liabilities
  • $157,247Insider loans
  • $86,581FHLB advances
  • $154,334Loans and leases held for sale
  • $306Unused loan commitments
  • $306Tier 1 (core) risk-based capital
  • $19,144Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,079Restructured Loans and leases
  • $436Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,686Total interest income
  • $1,818Total interest expense
  • $4,868Net interest income
  • $724Provision for loan and lease losses
  • $489Total noninterest income
  • $0Fiduciary activities
  • $336Service charges on deposit accounts
  • $0Trading account gains & fees
  • $153Additional noninterest income
  • $2,754Total noninterest expense
  • $1,456Salaries and employee benefits
  • $314Premises and equipment expense
  • $984Additional noninterest expense
  • $1,879Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,879Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,879Net income attributable to bank
  • $0Net charge-offs
  • $1,879Cash dividends
  • $638Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 1.97%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 10.09%Return on equity (ROE)
  • 6.46%Retained earnings to average equity (YTD only)
  • 0.90%Net charge-offs to loans
  • 113.48%Credit loss provision to net charge-offs
  • 4.08%Efficiency ratio
  • 51,409Assets per employee
  • 6.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.92%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 64.82%Noncurrent assets plus other real estate owned to assets
  • 1.71%Noncurrent loans to loans
  • 2.98%Net loans and leases to deposits
  • 49.66%Net loans and leases to core deposits
  • 52.85%Equity capital to assets
  • 11.83%Core capital (leverage) ratio
  • 12.40%Tier 1 risk-based capital ratio
  • 22.11%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $148,488Average earning assets
  • $18,630Average equity
  • $139,516Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01278Castle Rock Bank27925 Danville Ave, Castle Rock, MN 55010August 16, 1916Full Service Brick and Mortar
    1190417Detached Facility22140 Chippendale Avenue, Farmington, MN 55024September 22, 1982Limited Service Facility

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