Community Bank Mankato in Vernon Center, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank Mankato - Overview

  • 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
    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)

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
  • 44Total employees (full-time equivalent)
  • $188,563Total assets
  • $12,835Cash and due from depository institutions
  • $7,052Interest-bearing balances
  • $14,679Securities
  • $10,317Federal funds sold & reverse repurchase agreements
  • $141,102Net loans & leases
  • $1,598Loan loss allowance
  • $0Trading account assets
  • $6,073Bank premises and fixed assets
  • $1,043Other real estate owned
  • $0Goodwill and other intangibles
  • $188,563Life insurance assets
  • $2,514All other assets
  • $174,353Total liabilities and capital
  • $169,712Total liabilities
  • $147,536Total deposits
  • $169,712Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 816.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,500Trading liabilities
  • $0Other borrowed funds
  • $325Subordinated debt
  • $14,210All other liabilities
  • $14,210Total equity capital
  • $14,210Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $8,050Surplus
  • $6,110Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $599Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,714Income earned, not collected on loans
  • $35Earning assets
  • $1,198Long-term assets (5+ years)
  • $173,150Average Assets, year-to-date
  • $6,921Average Assets, quarterly
  • $179,823Volatile liabilities
  • $184,541Insider loans
  • $133,827FHLB advances
  • $188,618Loans and leases held for sale
  • $274Unused loan commitments
  • $274Tier 1 (core) risk-based capital
  • $14,172Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,830Restructured Loans and leases
  • $1,035Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,109Total interest income
  • $2,220Total interest expense
  • $6,889Net interest income
  • $1,200Provision for loan and lease losses
  • $591Total noninterest income
  • $0Fiduciary activities
  • $296Service charges on deposit accounts
  • $0Trading account gains & fees
  • $295Additional noninterest income
  • $4,421Total noninterest expense
  • $2,582Salaries and employee benefits
  • $617Premises and equipment expense
  • $1,222Additional noninterest expense
  • $1,859Pre-tax net operating income
  • $36Securities gains (losses)
  • $5Applicable income taxes
  • $1,890Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,890Net income attributable to bank
  • $0Net charge-offs
  • $1,890Cash dividends
  • $829Sale, conversion, retirement of capital stock, net
  • $918Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 13.75%Return on equity (ROE)
  • 7.07%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 144.75%Credit loss provision to net charge-offs
  • 3.69%Efficiency ratio
  • 59,104Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.57%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 93.23%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 83.14%Net loans and leases to core deposits
  • 84.29%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.51%Tier 1 risk-based capital ratio
  • 10.59%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $179,823Average earning assets
  • $13,741Average equity
  • $163,664Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06245Community Bank Mankato201 East Main Street, Vernon Center, MN 56090December 01, 1929Full Service Brick and Mortar
    1221111Mankato Branch951 Madison Avenue, Mankato, MN 56001Febuary 21, 1990Full Service Brick and Mortar
    2221112Amboy Branch203 East Main Street, Amboy, MN 56010May 17, 1995Full Service Brick and Mortar
    3471491Mankato Branch300 St. Andrews Drive, Mankato, MN 56001Febuary 13, 2008Full Service Brick and Mortar

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