Community Development Bank, FSB in Ogema, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Development Bank, FSB in Ogema, Minnesota (MN)
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Community Development Bank, FSB - Overview

  • General
  • FDIC Certificate #: 10568
    Status: Active
    Federal Reserve ID: 168357
    Date Established: January 06, 1906
    WWW: http://www.comdevbank.com
    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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 13Total employees (full-time equivalent)
  • $70,965Total assets
  • $11,636Cash and due from depository institutions
  • $9,177Interest-bearing balances
  • $11,151Securities
  • $4,490Federal funds sold & reverse repurchase agreements
  • $39,873Net loans & leases
  • $273Loan loss allowance
  • $0Trading account assets
  • $326Bank premises and fixed assets
  • $734Other real estate owned
  • $566Goodwill and other intangibles
  • $70,965Life insurance assets
  • $2,189All other assets
  • $64,021Total liabilities and capital
  • $59,271Total liabilities
  • $53,402Total deposits
  • $59,271Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,818Trading liabilities
  • $0Other borrowed funds
  • $1,932Subordinated debt
  • $6,944All other liabilities
  • $6,944Total equity capital
  • $6,944Total bank equity capital
  • $0Perpetual preferred stock
  • $127Common stock
  • $2,774Surplus
  • $4,043Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $702Income earned, not collected on loans
  • $0Earning assets
  • $365Long-term assets (5+ years)
  • $64,691Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $64,945Volatile liabilities
  • $70,117Insider loans
  • $40,567FHLB advances
  • $70,228Loans and leases held for sale
  • $80Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,276Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,611Restructured Loans and leases
  • $216Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,673Total interest income
  • $776Total interest expense
  • $1,897Net interest income
  • $134Provision for loan and lease losses
  • $607Total noninterest income
  • $0Fiduciary activities
  • $8Service charges on deposit accounts
  • $0Trading account gains & fees
  • $599Additional noninterest income
  • $1,829Total noninterest expense
  • $815Salaries and employee benefits
  • $208Premises and equipment expense
  • $806Additional noninterest expense
  • $541Pre-tax net operating income
  • $0Securities gains (losses)
  • $212Applicable income taxes
  • $329Income before extraordinary items
  • $0Extraordinary gains - net
  • $329Net income attributable to bank
  • $0Net charge-offs
  • $329Cash dividends
  • $197Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.20%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 5.51%Return on equity (ROE)
  • 5.51%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 68.02%Credit loss provision to net charge-offs
  • 3.43%Efficiency ratio
  • 72,125Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 38.89%Noncurrent assets plus other real estate owned to assets
  • 2.02%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 67.27%Net loans and leases to core deposits
  • 83.22%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 15.47%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $64,945Average earning assets
  • $5,974Average equity
  • $59,264Average loans

List of branches

  • 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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