CenBank in Buffalo Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


CenBank - Overview

  • 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)

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
  • 12Total employees (full-time equivalent)
  • $53,135Total assets
  • $4,498Cash and due from depository institutions
  • $4,139Interest-bearing balances
  • $18,779Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $28,247Net loans & leases
  • $222Loan loss allowance
  • $0Trading account assets
  • $359Bank premises and fixed assets
  • $70Other real estate owned
  • $0Goodwill and other intangibles
  • $53,135Life insurance assets
  • $682All other assets
  • $49,492Total liabilities and capital
  • $49,338Total liabilities
  • $40,121Total deposits
  • $49,338Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $154Subordinated debt
  • $3,643All other liabilities
  • $3,643Total equity capital
  • $3,643Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $2,300Surplus
  • $1,143Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21Income earned, not collected on loans
  • $0Earning assets
  • $435Long-term assets (5+ years)
  • $51,665Average Assets, year-to-date
  • $15,924Average Assets, quarterly
  • $48,185Volatile liabilities
  • $50,527Insider loans
  • $32,007FHLB advances
  • $49,564Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,595Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,052Restructured Loans and leases
  • $841Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,995Total interest income
  • $349Total interest expense
  • $1,646Net interest income
  • $35Provision for loan and lease losses
  • $138Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $1,367Total noninterest expense
  • $648Salaries and employee benefits
  • $173Premises and equipment expense
  • $546Additional noninterest expense
  • $382Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $382Income before extraordinary items
  • $0Extraordinary gains - net
  • $382Net income attributable to bank
  • $0Net charge-offs
  • $382Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 11.68%Return on equity (ROE)
  • 11.68%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 46.05%Credit loss provision to net charge-offs
  • 5.49%Efficiency ratio
  • 76,626Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.78%Loss allowance to noncurrent loans
  • 1057.14%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 57.25%Net loans and leases to core deposits
  • 57.94%Equity capital to assets
  • 6.86%Core capital (leverage) ratio
  • 7.25%Tier 1 risk-based capital ratio
  • 11.23%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $48,185Average earning assets
  • $3,272Average equity
  • $46,405Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05643Cenbank109 West Yellowstone Trail, Buffalo Lake, MN 55314January 01, 1893Full Service Brick and Mortar
    111639Ortonville Branch113 N.W. First Street, Ortonville, MN 56278January 31, 1955Full Service Brick and Mortar

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