Commercial Bank of Minnesota in Heron Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Commercial Bank of Minnesota - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Name Change
  • Financial Summary
  • Total 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
  • 10Total employees (full-time equivalent)
  • $34,974Total assets
  • $4,739Cash and due from depository institutions
  • $3,250Interest-bearing balances
  • $7,106Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,627Net loans & leases
  • $365Loan loss allowance
  • $0Trading account assets
  • $569Bank premises and fixed assets
  • $1,551Other real estate owned
  • $671Goodwill and other intangibles
  • $34,974Life insurance assets
  • $711All other assets
  • $31,032Total liabilities and capital
  • $30,984Total liabilities
  • $23,242Total deposits
  • $30,984Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $48Subordinated debt
  • $3,942All other liabilities
  • $3,942Total equity capital
  • $3,942Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,419Surplus
  • $423Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $395Income earned, not collected on loans
  • $0Earning assets
  • $206Long-term assets (5+ years)
  • $29,983Average Assets, year-to-date
  • $4,040Average Assets, quarterly
  • $35,324Volatile liabilities
  • $35,785Insider loans
  • $24,123FHLB advances
  • $35,509Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,257Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,621Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,645Total interest income
  • $226Total interest expense
  • $1,419Net interest income
  • $42Provision for loan and lease losses
  • $122Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $79Additional noninterest income
  • $1,279Total noninterest expense
  • $640Salaries and employee benefits
  • $191Premises and equipment expense
  • $448Additional noninterest expense
  • $220Pre-tax net operating income
  • $36Securities gains (losses)
  • $0Applicable income taxes
  • $256Income before extraordinary items
  • $0Extraordinary gains - net
  • $256Net income attributable to bank
  • $0Net charge-offs
  • $256Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $312Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.63%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 4.17%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 6.66%Return on equity (ROE)
  • -1.46%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -525.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,998Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 121.88%Loss allowance to loans
  • 1.83%Loss allowance to noncurrent loans
  • 92.41%Noncurrent assets plus other real estate owned to assets
  • 5.56%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 63.35%Net loans and leases to core deposits
  • 65.68%Equity capital to assets
  • 11.27%Core capital (leverage) ratio
  • 9.17%Tier 1 risk-based capital ratio
  • 13.50%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $35,324Average earning assets
  • $3,845Average equity
  • $30,642Average loans

List of branches

  • 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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