Community Bank, Austin in Austin, Minnesota (MN)



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Community Bank, Austin
GeneralFDIC Certificate #: 57801
Status: Active
Federal Reserve ID: 3259171
Bank Holding Company (Regulatory Top Holder): Community National Bancorporation (RSSDID: 2576965, Location: Waterloo, IA)
Date Established: June 04, 2004
WWW: http://www.cnb1.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 425725
Numeric code: 13
Regulator: FED
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 04, 2004
Last Structure Change Effective Date: September 21, 2007
Last Structure Change Process Date: October 01, 2007
Last Data Update: October 01, 2007
Data Source Date: April 05, 2012
LocationAddress: 805 North Main Street, Austin, MN 55912
County: Mower
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
Core Based Statistical Area (CBSA): Austin, MN (#12380)
CBSA Micro Statistical Area: Yes
History of ChangesOffice Purchased
Financial SummaryTotal assets: $38.0 mil
Equity capital: $4.3 mil
Deposits held in domestic offices: $32.2 mil
Return on assets (ROA): 3.68% ($1.4 mil)
Quarterly return on assets: 14.13% ($5.4 mil)
Return on Equity (ROE): 45.39% ($1.8 mil)
Quarterly return on equity: 146.15% ($5.8 mil)
Net income: $1.3 mil
Quarterly Net income: $1.3 mil
Pretax return on assets: -0.08% (-$30.4 mil)
Quarterly Pretax return on assets: -0.32% (-$121.7 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)12
Total assets$38,027
Cash and due from depository institutions$2,251
Interest-bearing balances$89
Securities$3,284
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$28,902
Loan loss allowance $426
Trading account assets$0
Bank premises and fixed assets$1,718
Other real estate owned$223
Goodwill and other intangibles$0
All other assets$1,649
Life insurance assets$38,027
Total liabilities and capital$33,771
Total liabilities$32,240
Total deposits$27,534
Interest-bearing deposits$32,240
Deposits held in domestic offices$99
% insured (estimated)1000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$450
Other borrowed funds $0
Subordinated debt $81
All other liabilities $4,256
Total equity capital$4,256
Total bank equity capital$4,256
Perpetual preferred stock$0
Common stock$2,000
Surplus$6,250
Undivided profits $-3,994
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 $9
Earning assets $0
Long-term assets (5+ years) $117
Average Assets, year-to-date $32,275
Average Assets, quarterly $5,182
Volatile liabilities $35,771
Insider loans $37,228
FHLB advances $29,115
Loans and leases held for sale $34,781
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,995
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,403
Derivatives$4,258
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,730
Total interest expense $176
Net interest income $1,554
Provision for loan and lease losses $180
Total noninterest income $188
Fiduciary activities $0
Service charges on deposit accounts $202
Trading account gains & fees $0
Additional noninterest income -$14
Total noninterest expense $1,591
Salaries and employee benefits $611
Premises and equipment expense $179
Additional noninterest expense $801
Pre-tax net operating income -$29
Securities gains (losses) $0
Applicable income taxes -$1,345
Income before extraordinary items $1,316
Extraordinary gains - net $0
Net income attributable to bank $1,316
Net charge-offs $0
Cash dividends $1,316
Sale, conversion, retirement of capital stock, net $155
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.78%
Cost of funding earning assets 0.59%
Net interest margin 5.19%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 5.31%
Net operating income to assets 3.68%
Return on assets (ROA) 3.68%
Pretax return on assets -0.08%
Return on equity (ROE) 45.39%
Retained earnings to average equity (YTD only) 45.39%
Net charge-offs to loans 0.60%
Credit loss provision to net charge-offs 116.13%
Efficiency ratio0.97%
Assets per employee$91,332
Cash dividends to net income (YTD only)3.17%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 4733.33%
Noncurrent loans to loans 0.61%
Net loans and leases to deposits0.03%
Net loans and leases to core deposits 89.65%
Equity capital to assets 90.51%
Core capital (leverage) ratio 11.19%
Tier 1 risk-based capital ratio 8.61%
Total risk-based capital ratio 10.29%
Memoranda
Average assets$11
Average earning assets$35,771
Average equity $2,899
Average loans $29,948
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0425725Community Bank, Austin805 North Main Street, Austin, MN 55912June 04, 2004Full Service Brick and Mortar
4478517North Office Branch900 18th Ave Nw, Austin, MN 55912July 01, 2007Full Service Brick and Mortar
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