Community Bank Owatonna in Owatonna, Minnesota (MN)
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| Community Bank Owatonna | |
|---|---|
| General | FDIC Certificate #: 57468 Status: Active Federal Reserve ID: 3139321 Bank Holding Company (Regulatory Top Holder): Community Financial Corporation (RSSDID: 3139312, Location: Owatonna, MN) Date Established: January 13, 2003 WWW: http://www.cbowatonna.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 #: 363965 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 13, 2003 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 640 Bridge Street, Owatonna, MN 55060 County: Steele 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): Owatonna, MN (#36940) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $52.5 mil Equity capital: $5.0 mil Deposits held in domestic offices: $47.0 mil Return on assets (ROA): 0.51% ($0.3 mil) Quarterly return on assets: 0.01% ($0.0 mil) Return on Equity (ROE): 5.60% ($0.3 mil) Quarterly return on equity: 0.16% ($0.0 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.78% ($409.5 mil) Quarterly Pretax return on assets: 0.16% ($84.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $52,506 |
| Cash and due from depository institutions | $1,510 |
| Interest-bearing balances | $0 |
| Securities | $15,746 |
| Federal funds sold & reverse repurchase agreements | $469 |
| Net loans & leases | $32,536 |
| Loan loss allowance | $374 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $182 |
| Other real estate owned | $309 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,754 |
| Life insurance assets | $52,506 |
| Total liabilities and capital | $47,510 |
| Total liabilities | $46,976 |
| Total deposits | $40,468 |
| Interest-bearing deposits | $46,976 |
| Deposits held in domestic offices | $80 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $534 |
| All other liabilities | $4,996 |
| Total equity capital | $4,996 |
| Total bank equity capital | $4,996 |
| Perpetual preferred stock | $0 |
| Common stock | $1,000 |
| Surplus | $3,347 |
| Undivided profits | $649 |
| 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 | $92 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $294 |
| Average Assets, year-to-date | $48,751 |
| Average Assets, quarterly | $19,506 |
| Volatile liabilities | $53,915 |
| Insider loans | $53,593 |
| FHLB advances | $34,274 |
| Loans and leases held for sale | $53,100 |
| Unused loan commitments | $1,270 |
| Tier 1 (core) risk-based capital | $1,270 |
| Tier 2 risk-based capital | $4,888 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,874 |
| Derivatives | $1,513 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,739 |
| Total interest expense | $748 |
| Net interest income | $1,991 |
| Provision for loan and lease losses | $328 |
| Total noninterest income | $184 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $109 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $75 |
| Total noninterest expense | $1,474 |
| Salaries and employee benefits | $736 |
| Premises and equipment expense | $249 |
| Additional noninterest expense | $489 |
| Pre-tax net operating income | $373 |
| Securities gains (losses) | $49 |
| Applicable income taxes | $146 |
| Income before extraordinary items | $276 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $276 |
| Net charge-offs | $0 |
| Cash dividends | $276 |
| Sale, conversion, retirement of capital stock, net | $428 |
| Net operating income | $170 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.50% |
| Cost of funding earning assets | 1.50% |
| Net interest margin | 4.00% |
| Noninterest income to earning assets | 0.37% |
| Noninterest expense to earning assets | 2.96% |
| Net operating income to assets | 0.45% |
| Return on assets (ROA) | 0.51% |
| Pretax return on assets | 0.78% |
| Return on equity (ROE) | 5.60% |
| Retained earnings to average equity (YTD only) | 2.15% |
| Net charge-offs to loans | 1.21% |
| Credit loss provision to net charge-offs | 76.64% |
| Efficiency ratio | 1.64% |
| Assets per employee | $67,770 |
| Cash dividends to net income (YTD only) | 5.83% |
| Condition Ratios (%) | |
| Loss allowance to loans | 61.59% |
| Loss allowance to noncurrent loans | 1.14% |
| Noncurrent assets plus other real estate owned to assets | 406.52% |
| Noncurrent loans to loans | 0.76% |
| Net loans and leases to deposits | 0.28% |
| Net loans and leases to core deposits | 69.26% |
| Equity capital to assets | 76.74% |
| Core capital (leverage) ratio | 9.52% |
| Tier 1 risk-based capital ratio | 9.21% |
| Total risk-based capital ratio | 14.26% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $53,915 |
| Average equity | $4,927 |
| Average loans | $49,776 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 363965 | Community Bank Owatonna | 640 Bridge Street, Owatonna, MN 55060 | January 13, 2003 | Full Service Brick and Mortar |  |
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