Central Bank in Stillwater, Minnesota (MN), WI, FL


Central Bank routing number info

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Central Bank
GeneralFDIC Certificate #: 27234
Status: Active
Federal Reserve ID: 1189041
Bank Holding Company (Regulatory Top Holder): Central Bancshares, Inc. (RSSDID: 1250295, Location: Golden Valley, MN)
Date Established: April 29, 1988
WWW: http://www.centralbnk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 20 (Domestic: 20, Interstate: Yes)
OTS Docket #: 12074
FDIC's unique #: 39169
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: Commercial Lending Specialization
Date of Deposit Insurance: April 29, 1988
Last Structure Change Effective Date: October 07, 2011
Last Structure Change Process Date: October 11, 2011
Last Data Update: October 11, 2011
Data Source Date: April 05, 2012
LocationAddress: 2270 Frontage Road, Stillwater, MN 55082
County: Washington
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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $1,120.1 mil
Equity capital: $80.3 mil
Deposits held in domestic offices: $949.3 mil
Return on assets (ROA): 2.21% ($24.8 mil)
Quarterly return on assets: 4.48% ($50.2 mil)
Return on Equity (ROE): 27.26% ($21.8 mil)
Quarterly return on equity: 58.10% ($46.5 mil)
Net income: $18.6 mil
Quarterly Net income: $10.7 mil
Pretax return on assets: 2.21% ($24,754.5 mil)
Quarterly Pretax return on assets: 4.48% ($50,181.0 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)
Total employees (full-time equivalent)256
Total assets$1,120,112
Cash and due from depository institutions$63,822
Interest-bearing balances$41,365
Securities$120,042
Federal funds sold & reverse repurchase agreements$6,731
Net loans & leases$725,859
Loan loss allowance $24,545
Trading account assets$0
Bank premises and fixed assets$26,108
Other real estate owned$33,954
Goodwill and other intangibles$753
All other assets$142,843
Life insurance assets$1,120,112
Total liabilities and capital$1,039,849
Total liabilities$949,324
Total deposits$891,655
Interest-bearing deposits$949,324
Deposits held in domestic offices$89
% insured (estimated)4864.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$74,000
Other borrowed funds $0
Subordinated debt $11,661
All other liabilities $80,263
Total equity capital$80,263
Total bank equity capital$80,263
Perpetual preferred stock$0
Common stock$2,670
Surplus$35,830
Undivided profits $41,763
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,504
Income earned, not collected on loans $6,608
Earning assets $0
Long-term assets (5+ years) $3,472
Average Assets, year-to-date $893,997
Average Assets, quarterly $181,596
Volatile liabilities $842,292
Insider loans $955,186
FHLB advances $541,897
Loans and leases held for sale $1,096,247
Unused loan commitments $454
Tier 1 (core) risk-based capital $454
Tier 2 risk-based capital $77,879
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $107,111
Derivatives$360
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $45,918
Total interest expense $7,259
Net interest income $38,659
Provision for loan and lease losses $15,188
Total noninterest income $24,210
Fiduciary activities $0
Service charges on deposit accounts $1,541
Trading account gains & fees $0
Additional noninterest income $22,669
Total noninterest expense $29,693
Salaries and employee benefits $17,265
Premises and equipment expense $3,225
Additional noninterest expense $9,203
Pre-tax net operating income $17,988
Securities gains (losses) $620
Applicable income taxes $6
Income before extraordinary items $18,602
Extraordinary gains - net $0
Net income attributable to bank $18,602
Net charge-offs $0
Cash dividends $18,602
Sale, conversion, retirement of capital stock, net $6,027
Net operating income $8,371
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.62%
Cost of funding earning assets 1.05%
Net interest margin 5.57%
Noninterest income to earning assets 3.49%
Noninterest expense to earning assets 4.28%
Net operating income to assets 2.13%
Return on assets (ROA) 2.21%
Pretax return on assets 2.21%
Return on equity (ROE) 27.26%
Retained earnings to average equity (YTD only) 14.99%
Net charge-offs to loans 1.02%
Credit loss provision to net charge-offs 252.00%
Efficiency ratio5.50%
Assets per employee$47,045
Cash dividends to net income (YTD only)4.38%
Condition Ratios (%)
Loss allowance to loans 45.00%
Loss allowance to noncurrent loans 3.27%
Noncurrent assets plus other real estate owned to assets 371.44%
Noncurrent loans to loans 3.62%
Net loans and leases to deposits0.88%
Net loans and leases to core deposits 76.46%
Equity capital to assets 80.83%
Core capital (leverage) ratio 7.17%
Tier 1 risk-based capital ratio 7.10%
Total risk-based capital ratio 14.37%
Memoranda
Average assets$16
Average earning assets$842,292
Average equity $68,241
Average loans $693,904
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1 Florida Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
24433873Commerce Bank Of Southwest Florida B1520 Royal Palm Square Boulevard, Suite 100, Fort Myers, FL 33919September 14, 2005Full Service Brick and Mortar
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14 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
039169Central Bank2270 Frontage Road, Stillwater, MN 55082April 29, 1988Full Service Brick and Mortar
5221993White Bear Lake Branch3670 East County Line, White Bear Lake, MN 55110December 06, 1985Full Service Brick and Mortar
7261431Eden Prairie Branch6640 Shady Oak Road, Eden Prairie, MN 55344September 06, 1994Full Service Brick and Mortar
9366104Coon Rapids Branch3575 124th Avenue Northwest, Coon Rapids, MN 55433December 04, 2002Full Service Brick and Mortar
10424317Winnetka Avenue North Branch945 Winnetka Avenue North, Golden Valley, MN 55427December 01, 2003Full Service Brick and Mortar
11443737St Michael Branch750 Central Avenue North East, Saint Michael, MN 55376Febuary 28, 2005Full Service Brick and Mortar
121274Mainstreet Bank Branch1650 South Lake Street, Forest Lake, MN 55025March 15, 1903Full Service Brick and Mortar
13190415Center City Branch300 Andrews Avenue, Center City, MN 55012April 13, 1994Full Service Brick and Mortar
14360671Centerville Branch7111 21st Avenue North, Centerville, MN 55038November 08, 2000Full Service Brick and Mortar
1512861South St. Paul Branch835 Southview Boulevard, South St. Paul, MN 55075Febuary 10, 1964Full Service Brick and Mortar
16247081Newport Branch2104 Hastings Avenue, Newport, MN 55055March 06, 2000Full Service Brick and Mortar
18466806Lowry Hill Branch2120 Hennepin Avenue, Minneapolis, MN 55405September 11, 2006Full Service Brick and Mortar
25510144Central Bank17267 Yale Street Nw, Elk River, MN 55330April 19, 2010Full Service Brick and Mortar
28452385Lake Boulevard Branch11151 Lake Boulevard, Chisago City, MN 55013June 19, 2006Full Service Brick and Mortar
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5 Wisconsin Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1910143Hudson Wi Branch944 Carmichael Road, Hudson, WI 54016July 08, 1879Full Service Brick and Mortar
299620Osceola - Branch304 Cascade Street, Osceola, WI 54020January 01, 1894Full Service Brick and Mortar
30233567St Croix Falls-Market Place Branch2191 Us Highway 8 East, St. Croix, WI 54024April 16, 1998Full Service Retail
31233568St Croix Falls Branch2183 Us Highway 8 East, St. Croix Falls, WI 54024December 15, 1995Full Service Brick and Mortar
32233569North Hudson Branch880 Sixth St North, Hudson, WI 54016June 15, 1998Full Service Brick and Mortar
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