CenBank in Buffalo Lake, Minnesota (MN)
| CenBank | |
|---|---|
| General | FDIC Certificate #: 8848 Status: Active Federal Reserve ID: 308256 Bank Holding Company (Regulatory Top Holder): Central Trust Company (RSSDID: 1020920, Location: Edina, MN) Date Established: January 01, 1893 WWW: http://www.cenbank.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) FDIC's unique #: 5643 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: January 01, 1934 Last Structure Change Effective Date: January 31, 2007 Last Structure Change Process Date: Febuary 05, 2007 Last Data Update: Febuary 05, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 109 West Yellowstone Trail, Buffalo Lake, MN 55314 County: Renville Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| Financial Summary | Total assets: $53.1 mil Equity capital: $3.6 mil Deposits held in domestic offices: $49.3 mil Return on assets (ROA): 0.79% ($0.4 mil) Quarterly return on assets: 0.49% ($0.3 mil) Return on Equity (ROE): 11.68% ($0.5 mil) Quarterly return on equity: 6.89% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.79% ($419.8 mil) Quarterly Pretax return on assets: 0.49% ($260.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 12 |
| Total assets | $53,135 |
| Cash and due from depository institutions | $4,498 |
| Interest-bearing balances | $4,139 |
| Securities | $18,779 |
| Federal funds sold & reverse repurchase agreements | $500 |
| Net loans & leases | $28,247 |
| Loan loss allowance | $222 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $359 |
| Other real estate owned | $70 |
| Goodwill and other intangibles | $0 |
| All other assets | $682 |
| Life insurance assets | $53,135 |
| Total liabilities and capital | $49,492 |
| Total liabilities | $49,338 |
| Total deposits | $40,121 |
| Interest-bearing deposits | $49,338 |
| 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 | $154 |
| All other liabilities | $3,643 |
| Total equity capital | $3,643 |
| Total bank equity capital | $3,643 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $2,300 |
| Undivided profits | $1,143 |
| 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 | $21 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $435 |
| Average Assets, year-to-date | $51,665 |
| Average Assets, quarterly | $15,924 |
| Volatile liabilities | $48,185 |
| Insider loans | $50,527 |
| FHLB advances | $32,007 |
| Loans and leases held for sale | $49,564 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,595 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,052 |
| Derivatives | $841 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,995 |
| Total interest expense | $349 |
| Net interest income | $1,646 |
| Provision for loan and lease losses | $35 |
| Total noninterest income | $138 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $73 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $65 |
| Total noninterest expense | $1,367 |
| Salaries and employee benefits | $648 |
| Premises and equipment expense | $173 |
| Additional noninterest expense | $546 |
| Pre-tax net operating income | $382 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $382 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $382 |
| Net charge-offs | $0 |
| Cash dividends | $382 |
| Sale, conversion, retirement of capital stock, net | $76 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.30% |
| Cost of funding earning assets | 0.75% |
| Net interest margin | 3.55% |
| Noninterest income to earning assets | 0.30% |
| Noninterest expense to earning assets | 2.95% |
| Net operating income to assets | 0.79% |
| Return on assets (ROA) | 0.79% |
| Pretax return on assets | 0.79% |
| Return on equity (ROE) | 11.68% |
| Retained earnings to average equity (YTD only) | 11.68% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 46.05% |
| Efficiency ratio | 5.49% |
| Assets per employee | $76,626 |
| Cash dividends to net income (YTD only) | 4.43% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.78% |
| Noncurrent assets plus other real estate owned to assets | 1057.14% |
| Noncurrent loans to loans | 0.17% |
| Net loans and leases to deposits | 0.07% |
| Net loans and leases to core deposits | 57.25% |
| Equity capital to assets | 57.94% |
| Core capital (leverage) ratio | 6.86% |
| Tier 1 risk-based capital ratio | 7.25% |
| Total risk-based capital ratio | 11.23% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $48,185 |
| Average equity | $3,272 |
| Average loans | $46,405 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5643 | Cenbank | 109 West Yellowstone Trail, Buffalo Lake, MN 55314 | January 01, 1893 | Full Service Brick and Mortar |  |
| 1 | 11639 | Ortonville Branch | 113 N.W. First Street, Ortonville, MN 56278 | January 31, 1955 | Full Service Brick and Mortar |  |
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