Center National Bank in Litchfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Center National Bank - Overview

  • General
  • FDIC Certificate #: 10976
    Status: Active
    Federal Reserve ID: 1017957
    Bank Holding Company (Regulatory Top Holder): Cnb Financial Corporation (RSSDID: 1246494, Location: Litchfield, MN)
    Date Established: January 01, 1891
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 7030
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 301 North Ramsey Avenue, Litchfield, MN 55355
    County: Meeker
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $189.7 mil
    Equity capital: $19.5 mil
    Deposits held in domestic offices: $150.2 mil
    Return on assets (ROA): 1.26% ($2.4 mil)
    Quarterly return on assets: 1.37% ($2.6 mil)
    Return on Equity (ROE): 12.47% ($2.4 mil)
    Quarterly return on equity: 13.29% ($2.5 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.26% ($2,389.9 mil)
    Quarterly Pretax return on assets: 1.37% ($2,598.5 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
  • 36Total employees (full-time equivalent)
  • $189,671Total assets
  • $7,917Cash and due from depository institutions
  • $0Interest-bearing balances
  • $88,447Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,960Net loans & leases
  • $1,266Loan loss allowance
  • $0Trading account assets
  • $4,418Bank premises and fixed assets
  • $687Other real estate owned
  • $0Goodwill and other intangibles
  • $189,671Life insurance assets
  • $4,242All other assets
  • $170,218Total liabilities and capital
  • $150,211Total liabilities
  • $128,793Total deposits
  • $150,211Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 580.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,150Trading liabilities
  • $0Other borrowed funds
  • $1,277Subordinated debt
  • $19,453All other liabilities
  • $19,453Total equity capital
  • $19,453Total bank equity capital
  • $0Perpetual preferred stock
  • $1,250Common stock
  • $1,250Surplus
  • $16,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,403Income earned, not collected on loans
  • $0Earning assets
  • $786Long-term assets (5+ years)
  • $172,407Average Assets, year-to-date
  • $59,747Average Assets, quarterly
  • $188,146Volatile liabilities
  • $188,389Insider loans
  • $114,087FHLB advances
  • $190,323Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,704Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,903Restructured Loans and leases
  • $1,495Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,008Total interest income
  • $1,779Total interest expense
  • $6,229Net interest income
  • $424Provision for loan and lease losses
  • $811Total noninterest income
  • $0Fiduciary activities
  • $208Service charges on deposit accounts
  • $0Trading account gains & fees
  • $603Additional noninterest income
  • $4,372Total noninterest expense
  • $2,391Salaries and employee benefits
  • $610Premises and equipment expense
  • $1,371Additional noninterest expense
  • $2,244Pre-tax net operating income
  • $130Securities gains (losses)
  • $2Applicable income taxes
  • $2,372Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,372Net income attributable to bank
  • $0Net charge-offs
  • $2,372Cash dividends
  • $298Sale, conversion, retirement of capital stock, net
  • $1,690Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.26%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 12.47%Return on equity (ROE)
  • 3.58%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 142.28%Credit loss provision to net charge-offs
  • 8.95%Efficiency ratio
  • 62,102Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.25%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 90.24%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 55.89%Net loans and leases to core deposits
  • 56.72%Equity capital to assets
  • 10.26%Core capital (leverage) ratio
  • 9.83%Tier 1 risk-based capital ratio
  • 16.39%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $188,146Average earning assets
  • $19,026Average equity
  • $173,368Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07030Center National Bank301 North Ramsey Avenue, Litchfield, MN 55355January 01, 1891Full Service Brick and Mortar
    1478562Center National Bank Branch15705 37th Ave North, Plymouth, MN 55446June 02, 2008Full Service Brick and Mortar

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