Castle Rock Bank in Castle Rock, Minnesota (MN)
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| Castle Rock Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $162,971 |
| Cash and due from depository institutions | $15,307 |
| Interest-bearing balances | $0 |
| Securities | $72,397 |
| Federal funds sold & reverse repurchase agreements | $850 |
| Net loans & leases | $71,269 |
| Loan loss allowance | $1,406 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $269 |
| Other real estate owned | $624 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,255 |
| Life insurance assets | $162,971 |
| Total liabilities and capital | $143,693 |
| Total liabilities | $143,500 |
| Total deposits | $114,514 |
| Interest-bearing deposits | $143,500 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $193 |
| All other liabilities | $19,278 |
| Total equity capital | $19,278 |
| Total bank equity capital | $19,278 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $5,950 |
| Undivided profits | $13,278 |
| 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 | $2,169 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,301 |
| Average Assets, year-to-date | $144,516 |
| Average Assets, quarterly | $40,813 |
| Volatile liabilities | $148,488 |
| Insider loans | $157,247 |
| FHLB advances | $86,581 |
| Loans and leases held for sale | $154,334 |
| Unused loan commitments | $306 |
| Tier 1 (core) risk-based capital | $306 |
| Tier 2 risk-based capital | $19,144 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,079 |
| Derivatives | $436 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,686 |
| Total interest expense | $1,818 |
| Net interest income | $4,868 |
| Provision for loan and lease losses | $724 |
| Total noninterest income | $489 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $336 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $153 |
| Total noninterest expense | $2,754 |
| Salaries and employee benefits | $1,456 |
| Premises and equipment expense | $314 |
| Additional noninterest expense | $984 |
| Pre-tax net operating income | $1,879 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,879 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,879 |
| Net charge-offs | $0 |
| Cash dividends | $1,879 |
| Sale, conversion, retirement of capital stock, net | $638 |
| Net operating income | $675 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.79% |
| Cost of funding earning assets | 1.30% |
| Net interest margin | 3.49% |
| Noninterest income to earning assets | 0.35% |
| Noninterest expense to earning assets | 1.97% |
| Net operating income to assets | 1.27% |
| Return on assets (ROA) | 1.27% |
| Pretax return on assets | 1.27% |
| Return on equity (ROE) | 10.09% |
| Retained earnings to average equity (YTD only) | 6.46% |
| Net charge-offs to loans | 0.90% |
| Credit loss provision to net charge-offs | 113.48% |
| Efficiency ratio | 4.08% |
| Assets per employee | $51,409 |
| Cash dividends to net income (YTD only) | 6.52% |
| Condition Ratios (%) | |
| Loss allowance to loans | 35.92% |
| Loss allowance to noncurrent loans | 1.93% |
| Noncurrent assets plus other real estate owned to assets | 64.82% |
| Noncurrent loans to loans | 1.71% |
| Net loans and leases to deposits | 2.98% |
| Net loans and leases to core deposits | 49.66% |
| Equity capital to assets | 52.85% |
| Core capital (leverage) ratio | 11.83% |
| Tier 1 risk-based capital ratio | 12.40% |
| Total risk-based capital ratio | 22.11% |
| Memoranda | |
| Average assets | $23 |
| Average earning assets | $148,488 |
| Average equity | $18,630 |
| Average loans | $139,516 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 1278 | Castle Rock Bank | 27925 Danville Ave, Castle Rock, MN 55010 | August 16, 1916 | Full Service Brick and Mortar |  |
| 1 | 190417 | Detached Facility | 22140 Chippendale Avenue, Farmington, MN 55024 | September 22, 1982 | Limited Service Facility |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.