Community Pride Bank in Isanti, Minnesota (MN)
| Community Pride Bank | |
|---|---|
| General | FDIC Certificate #: 35524 Status: Active Federal Reserve ID: 2900092 Bank Holding Company (Regulatory Top Holder): Community Pride Bank Corporation (RSSDID: 2900083, Location: Ham Lake, MN) Date Established: June 05, 2000 WWW: http://www.cpride.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 81318 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: June 05, 2000 Last Structure Change Effective Date: July 01, 2007 Last Structure Change Process Date: July 11, 2007 Last Data Update: July 11, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 905 6th Avenue Court Ne, Isanti, MN 55040 County: Isanti 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 Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460) |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $89.1 mil Equity capital: $8.5 mil Deposits held in domestic offices: $78.2 mil Return on assets (ROA): 0.15% ($0.1 mil) Quarterly return on assets: -0.44% (-$0.4 mil) Return on Equity (ROE): 1.65% ($0.1 mil) Quarterly return on equity: -4.62% (-$0.4 mil) Net income: $0.1 mil Quarterly Net income: -$0.1 mil Pretax return on assets: 0.16% ($142.6 mil) Quarterly Pretax return on assets: -0.44% (-$392.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 18 |
| Total assets | $89,104 |
| Cash and due from depository institutions | $11,096 |
| Interest-bearing balances | $7,067 |
| Securities | $14,493 |
| Federal funds sold & reverse repurchase agreements | $1,168 |
| Net loans & leases | $58,977 |
| Loan loss allowance | $2,214 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $229 |
| Other real estate owned | $2,279 |
| Goodwill and other intangibles | $0 |
| All other assets | $862 |
| Life insurance assets | $89,104 |
| Total liabilities and capital | $80,586 |
| Total liabilities | $78,204 |
| Total deposits | $65,994 |
| Interest-bearing deposits | $78,204 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $382 |
| All other liabilities | $8,518 |
| Total equity capital | $8,518 |
| Total bank equity capital | $8,518 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $10,350 |
| Undivided profits | $-2,032 |
| 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 | $1,563 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $269 |
| Average Assets, year-to-date | $81,705 |
| Average Assets, quarterly | $6,763 |
| Volatile liabilities | $90,142 |
| Insider loans | $90,834 |
| FHLB advances | $64,479 |
| Loans and leases held for sale | $92,999 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,468 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $6,110 |
| Derivatives | $2,080 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,290 |
| Total interest expense | $706 |
| Net interest income | $3,584 |
| Provision for loan and lease losses | $854 |
| Total noninterest income | $570 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $278 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $292 |
| Total noninterest expense | $3,159 |
| Salaries and employee benefits | $1,236 |
| Premises and equipment expense | $461 |
| Additional noninterest expense | $1,462 |
| Pre-tax net operating income | $141 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $139 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $139 |
| Net charge-offs | $0 |
| Cash dividends | $139 |
| Sale, conversion, retirement of capital stock, net | $1,906 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.13% |
| Cost of funding earning assets | 0.84% |
| Net interest margin | 4.28% |
| Noninterest income to earning assets | 0.68% |
| Noninterest expense to earning assets | 3.78% |
| Net operating income to assets | 0.15% |
| Return on assets (ROA) | 0.15% |
| Pretax return on assets | 0.16% |
| Return on equity (ROE) | 1.65% |
| Retained earnings to average equity (YTD only) | 1.65% |
| Net charge-offs to loans | 2.86% |
| Credit loss provision to net charge-offs | 44.81% |
| Efficiency ratio | 0.52% |
| Assets per employee | $76,047 |
| Cash dividends to net income (YTD only) | 4.95% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.62% |
| Noncurrent assets plus other real estate owned to assets | 141.65% |
| Noncurrent loans to loans | 4.31% |
| Net loans and leases to deposits | 2.55% |
| Net loans and leases to core deposits | 75.41% |
| Equity capital to assets | 83.43% |
| Core capital (leverage) ratio | 9.56% |
| Tier 1 risk-based capital ratio | 9.11% |
| Total risk-based capital ratio | 13.13% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $90,142 |
| Average equity | $8,403 |
| Average loans | $83,643 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 81318 | Community Pride Bank | 905 6th Avenue Court Ne, Isanti, MN 55040 | June 05, 2000 | Full Service Brick and Mortar |  |
| 1 | 450675 | Ham Lake Branch | 1441 Bunker Lake Boulevard, N.E., Ham Lake, MN 55304 | April 17, 2006 | Full Service Brick and Mortar |  |
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