Community Development Bank, FSB in Ogema, Minnesota (MN)

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Community Development Bank, FSB
GeneralFDIC Certificate #: 10568
Status: Active
Federal Reserve ID: 168357
Date Established: January 06, 1906
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 17428
FDIC's unique #: 6769
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 516 Main Street, Ogema, MN 56569
County: Becker
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Fargo
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $71.0 mil
Equity capital: $6.9 mil
Deposits held in domestic offices: $59.3 mil
Return on assets (ROA): 0.51% ($0.4 mil)
Quarterly return on assets: 0.95% ($0.7 mil)
Return on Equity (ROE): 5.51% ($0.4 mil)
Quarterly return on equity: 10.35% ($0.7 mil)
Net income: $0.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.83% ($589.0 mil)
Quarterly Pretax return on assets: 1.63% ($1,156.7 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)
Total employees (full-time equivalent)13
Total assets$70,965
Cash and due from depository institutions$11,636
Interest-bearing balances$9,177
Federal funds sold & reverse repurchase agreements$4,490
Net loans & leases$39,873
Loan loss allowance $273
Trading account assets$0
Bank premises and fixed assets$326
Other real estate owned$734
Goodwill and other intangibles$566
All other assets$2,189
Life insurance assets$70,965
Total liabilities and capital$64,021
Total liabilities$59,271
Total deposits$53,402
Interest-bearing deposits$59,271
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,818
Other borrowed funds $0
Subordinated debt $1,932
All other liabilities $6,944
Total equity capital$6,944
Total bank equity capital$6,944
Perpetual preferred stock$0
Common stock$127
Undivided profits $4,043
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 $702
Earning assets $0
Long-term assets (5+ years) $365
Average Assets, year-to-date $64,691
Average Assets, quarterly $0
Volatile liabilities $64,945
Insider loans $70,117
FHLB advances $40,567
Loans and leases held for sale $70,228
Unused loan commitments $80
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,276
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,611
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,673
Total interest expense $776
Net interest income $1,897
Provision for loan and lease losses $134
Total noninterest income $607
Fiduciary activities $0
Service charges on deposit accounts $8
Trading account gains & fees $0
Additional noninterest income $599
Total noninterest expense $1,829
Salaries and employee benefits $815
Premises and equipment expense $208
Additional noninterest expense $806
Pre-tax net operating income $541
Securities gains (losses) $0
Applicable income taxes $212
Income before extraordinary items $329
Extraordinary gains - net $0
Net income attributable to bank $329
Net charge-offs $0
Cash dividends $329
Sale, conversion, retirement of capital stock, net $197
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 assets4.51%
Cost of funding earning assets 1.31%
Net interest margin 3.20%
Noninterest income to earning assets 1.02%
Noninterest expense to earning assets 3.09%
Net operating income to assets 0.51%
Return on assets (ROA) 0.51%
Pretax return on assets 0.83%
Return on equity (ROE) 5.51%
Retained earnings to average equity (YTD only) 5.51%
Net charge-offs to loans 0.53%
Credit loss provision to net charge-offs 68.02%
Efficiency ratio3.43%
Assets per employee$72,125
Cash dividends to net income (YTD only)5.46%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.68%
Noncurrent assets plus other real estate owned to assets 38.89%
Noncurrent loans to loans 2.02%
Net loans and leases to deposits1.75%
Net loans and leases to core deposits 67.27%
Equity capital to assets 83.22%
Core capital (leverage) ratio 9.79%
Tier 1 risk-based capital ratio 8.94%
Total risk-based capital ratio 15.47%
Average assets$16
Average earning assets$64,945
Average equity $5,974
Average loans $59,264
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06769Community Development Bank, Fsb516 Main Street, Ogema, MN 56569January 06, 1906Full Service Brick and Mortar
19760Hancock Branch570 6th Street, Hancock, MN 56244January 01, 1936Full Service Brick and Mortar
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