Commercial Bank of Minnesota in Heron Lake, Minnesota (MN)



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Commercial Bank of Minnesota routing number info

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Commercial Bank of Minnesota
GeneralFDIC Certificate #: 17225
Status: Active
Federal Reserve ID: 1010051
Bank Holding Company (Regulatory Top Holder): Minnesota Bancshares, Inc. (RSSDID: 3445675, Location: Heron Lake, MN)
Date Established: May 29, 1953
WWW: http://www.commercialbankmn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 11252
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: May 29, 1953
Last Structure Change Effective Date: July 01, 2008
Last Structure Change Process Date: July 03, 2008
Last Data Update: July 03, 2008
Data Source Date: April 05, 2012
LocationAddress: 274 10th Street, Heron Lake, MN 56137
County: Jackson
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 ChangesName Change
Financial SummaryTotal assets: $35.0 mil
Equity capital: $3.9 mil
Deposits held in domestic offices: $31.0 mil
Return on assets (ROA): 0.72% ($0.3 mil)
Quarterly return on assets: 0.34% ($0.1 mil)
Return on Equity (ROE): 6.66% ($0.3 mil)
Quarterly return on equity: 3.05% ($0.1 mil)
Net income: $0.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.72% ($251.8 mil)
Quarterly Pretax return on assets: 0.34% ($118.9 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)10
Total assets$34,974
Cash and due from depository institutions$4,739
Interest-bearing balances$3,250
Securities$7,106
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$19,627
Loan loss allowance $365
Trading account assets$0
Bank premises and fixed assets$569
Other real estate owned$1,551
Goodwill and other intangibles$671
All other assets$711
Life insurance assets$34,974
Total liabilities and capital$31,032
Total liabilities$30,984
Total deposits$23,242
Interest-bearing deposits$30,984
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $48
All other liabilities $3,942
Total equity capital$3,942
Total bank equity capital$3,942
Perpetual preferred stock$0
Common stock$100
Surplus$3,419
Undivided profits $423
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 $395
Earning assets $0
Long-term assets (5+ years) $206
Average Assets, year-to-date $29,983
Average Assets, quarterly $4,040
Volatile liabilities $35,324
Insider loans $35,785
FHLB advances $24,123
Loans and leases held for sale $35,509
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,257
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,621
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,645
Total interest expense $226
Net interest income $1,419
Provision for loan and lease losses $42
Total noninterest income $122
Fiduciary activities $0
Service charges on deposit accounts $43
Trading account gains & fees $0
Additional noninterest income $79
Total noninterest expense $1,279
Salaries and employee benefits $640
Premises and equipment expense $191
Additional noninterest expense $448
Pre-tax net operating income $220
Securities gains (losses) $36
Applicable income taxes $0
Income before extraordinary items $256
Extraordinary gains - net $0
Net income attributable to bank $256
Net charge-offs $0
Cash dividends $256
Sale, conversion, retirement of capital stock, net -$8
Net operating income $312
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 0.74%
Net interest margin 4.63%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 4.17%
Net operating income to assets 0.62%
Return on assets (ROA) 0.72%
Pretax return on assets 0.72%
Return on equity (ROE) 6.66%
Retained earnings to average equity (YTD only) -1.46%
Net charge-offs to loans -0.04%
Credit loss provision to net charge-offs -525.00%
Efficiency ratio0.00%
Assets per employee$82,998
Cash dividends to net income (YTD only)3.50%
Condition Ratios (%)
Loss allowance to loans 121.88%
Loss allowance to noncurrent loans 1.83%
Noncurrent assets plus other real estate owned to assets 92.41%
Noncurrent loans to loans 5.56%
Net loans and leases to deposits1.98%
Net loans and leases to core deposits 63.35%
Equity capital to assets 65.68%
Core capital (leverage) ratio 11.27%
Tier 1 risk-based capital ratio 9.17%
Total risk-based capital ratio 13.50%
Memoranda
Average assets$15
Average earning assets$35,324
Average equity $3,845
Average loans $30,642
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1 Minnesota Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011252Commercial Bank Of Minnesota274 10th Street, Heron Lake, MN 56137May 29, 1953Full Service Brick and Mortar
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