Community Bank Mankato in Vernon Center, Minnesota (MN)
| Community Bank Mankato | |
|---|---|
| General | FDIC Certificate #: 9760 Status: Active Federal Reserve ID: 835257 Bank Holding Company (Regulatory Top Holder): Vernon Center Bancshares, Inc. (RSSDID: 1127847, Location: Vernon Center, MN) Date Established: December 01, 1929 WWW: http://www.cbfg.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 12359 FDIC's unique #: 6245 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: January 01, 1934 Last Structure Change Effective Date: August 19, 2008 Last Structure Change Process Date: September 12, 2008 Last Data Update: September 12, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 201 East Main Street, Vernon Center, MN 56090 County: Blue Earth 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 Core Based Statistical Area (CBSA): Mankato-North Mankato, MN (#31860) CBSA Metro Statistical Area: Mankato-North Mankato, MN (#31860) |
| History of Changes | Change in Location Name Change |
| Financial Summary | Total assets: $188.6 mil Equity capital: $14.2 mil Deposits held in domestic offices: $169.7 mil Return on assets (ROA): 1.05% ($2.0 mil) Quarterly return on assets: 0.52% ($1.0 mil) Return on Equity (ROE): 13.75% ($1.9 mil) Quarterly return on equity: 6.80% ($1.0 mil) Net income: $1.9 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.05% ($1,979.9 mil) Quarterly Pretax return on assets: 0.52% ($980.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 44 |
| Total assets | $188,563 |
| Cash and due from depository institutions | $12,835 |
| Interest-bearing balances | $7,052 |
| Securities | $14,679 |
| Federal funds sold & reverse repurchase agreements | $10,317 |
| Net loans & leases | $141,102 |
| Loan loss allowance | $1,598 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,073 |
| Other real estate owned | $1,043 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,514 |
| Life insurance assets | $188,563 |
| Total liabilities and capital | $174,353 |
| Total liabilities | $169,712 |
| Total deposits | $147,536 |
| Interest-bearing deposits | $169,712 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 816.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $3,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $325 |
| All other liabilities | $14,210 |
| Total equity capital | $14,210 |
| Total bank equity capital | $14,210 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $8,050 |
| Undivided profits | $6,110 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $599 |
| Income earned, not collected on loans | $1,714 |
| Earning assets | $35 |
| Long-term assets (5+ years) | $1,198 |
| Average Assets, year-to-date | $173,150 |
| Average Assets, quarterly | $6,921 |
| Volatile liabilities | $179,823 |
| Insider loans | $184,541 |
| FHLB advances | $133,827 |
| Loans and leases held for sale | $188,618 |
| Unused loan commitments | $274 |
| Tier 1 (core) risk-based capital | $274 |
| Tier 2 risk-based capital | $14,172 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $12,830 |
| Derivatives | $1,035 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,109 |
| Total interest expense | $2,220 |
| Net interest income | $6,889 |
| Provision for loan and lease losses | $1,200 |
| Total noninterest income | $591 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $296 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $295 |
| Total noninterest expense | $4,421 |
| Salaries and employee benefits | $2,582 |
| Premises and equipment expense | $617 |
| Additional noninterest expense | $1,222 |
| Pre-tax net operating income | $1,859 |
| Securities gains (losses) | $36 |
| Applicable income taxes | $5 |
| Income before extraordinary items | $1,890 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,890 |
| Net charge-offs | $0 |
| Cash dividends | $1,890 |
| Sale, conversion, retirement of capital stock, net | $829 |
| Net operating income | $918 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.57% |
| Cost of funding earning assets | 1.36% |
| Net interest margin | 4.21% |
| Noninterest income to earning assets | 0.36% |
| Noninterest expense to earning assets | 2.70% |
| Net operating income to assets | 1.03% |
| Return on assets (ROA) | 1.05% |
| Pretax return on assets | 1.05% |
| Return on equity (ROE) | 13.75% |
| Retained earnings to average equity (YTD only) | 7.07% |
| Net charge-offs to loans | 0.59% |
| Credit loss provision to net charge-offs | 144.75% |
| Efficiency ratio | 3.69% |
| Assets per employee | $59,104 |
| Cash dividends to net income (YTD only) | 4.29% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.57% |
| Loss allowance to noncurrent loans | 1.12% |
| Noncurrent assets plus other real estate owned to assets | 93.23% |
| Noncurrent loans to loans | 1.46% |
| Net loans and leases to deposits | 1.20% |
| Net loans and leases to core deposits | 83.14% |
| Equity capital to assets | 84.29% |
| Core capital (leverage) ratio | 7.54% |
| Tier 1 risk-based capital ratio | 7.51% |
| Total risk-based capital ratio | 10.59% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $179,823 |
| Average equity | $13,741 |
| Average loans | $163,664 |
| 4 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6245 | Community Bank Mankato | 201 East Main Street, Vernon Center, MN 56090 | December 01, 1929 | Full Service Brick and Mortar |  |
| 1 | 221111 | Mankato Branch | 951 Madison Avenue, Mankato, MN 56001 | Febuary 21, 1990 | Full Service Brick and Mortar |  |
| 2 | 221112 | Amboy Branch | 203 East Main Street, Amboy, MN 56010 | May 17, 1995 | Full Service Brick and Mortar | |
| 3 | 471491 | Mankato Branch | 300 St. Andrews Drive, Mankato, MN 56001 | Febuary 13, 2008 | Full Service Brick and Mortar | |
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