Central Bank in Stillwater, Minnesota (MN), WI, FL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Central Bank in Stillwater, Minnesota (MN), WI, FL
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Central Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 256Total employees (full-time equivalent)
  • $1,120,112Total assets
  • $63,822Cash and due from depository institutions
  • $41,365Interest-bearing balances
  • $120,042Securities
  • $6,731Federal funds sold & reverse repurchase agreements
  • $725,859Net loans & leases
  • $24,545Loan loss allowance
  • $0Trading account assets
  • $26,108Bank premises and fixed assets
  • $33,954Other real estate owned
  • $753Goodwill and other intangibles
  • $1,120,112Life insurance assets
  • $142,843All other assets
  • $1,039,849Total liabilities and capital
  • $949,324Total liabilities
  • $891,655Total deposits
  • $949,324Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 4864.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $74,000Trading liabilities
  • $0Other borrowed funds
  • $11,661Subordinated debt
  • $80,263All other liabilities
  • $80,263Total equity capital
  • $80,263Total bank equity capital
  • $0Perpetual preferred stock
  • $2,670Common stock
  • $35,830Surplus
  • $41,763Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,504Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,608Income earned, not collected on loans
  • $0Earning assets
  • $3,472Long-term assets (5+ years)
  • $893,997Average Assets, year-to-date
  • $181,596Average Assets, quarterly
  • $842,292Volatile liabilities
  • $955,186Insider loans
  • $541,897FHLB advances
  • $1,096,247Loans and leases held for sale
  • $454Unused loan commitments
  • $454Tier 1 (core) risk-based capital
  • $77,879Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $107,111Restructured Loans and leases
  • $360Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $45,918Total interest income
  • $7,259Total interest expense
  • $38,659Net interest income
  • $15,188Provision for loan and lease losses
  • $24,210Total noninterest income
  • $0Fiduciary activities
  • $1,541Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22,669Additional noninterest income
  • $29,693Total noninterest expense
  • $17,265Salaries and employee benefits
  • $3,225Premises and equipment expense
  • $9,203Additional noninterest expense
  • $17,988Pre-tax net operating income
  • $620Securities gains (losses)
  • $6Applicable income taxes
  • $18,602Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,602Net income attributable to bank
  • $0Net charge-offs
  • $18,602Cash dividends
  • $6,027Sale, conversion, retirement of capital stock, net
  • $8,371Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.62%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 5.57%Net interest margin
  • 3.49%Noninterest income to earning assets
  • 4.28%Noninterest expense to earning assets
  • 2.13%Net operating income to assets
  • 2.21%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 27.26%Return on equity (ROE)
  • 14.99%Retained earnings to average equity (YTD only)
  • 1.02%Net charge-offs to loans
  • 252.00%Credit loss provision to net charge-offs
  • 5.50%Efficiency ratio
  • 47,045Assets per employee
  • 4.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.00%Loss allowance to loans
  • 3.27%Loss allowance to noncurrent loans
  • 371.44%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 76.46%Net loans and leases to core deposits
  • 80.83%Equity capital to assets
  • 7.17%Core capital (leverage) ratio
  • 7.10%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $842,292Average earning assets
  • $68,241Average equity
  • $693,904Average loans

List of branches

  • 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
  • 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
  • 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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