Community Resource Bank in Northfield, Minnesota (MN)



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Table of contents:
Community Resource Bank
GeneralFDIC Certificate #: 5219
Status: Active
Federal Reserve ID: 813853
Bank Holding Company (Regulatory Top Holder): Northfield Bancshares, Inc. (RSSDID: 1140789, Location: Northfield, MN)
Date Established: September 18, 1878
WWW: http://www.community-resourcebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 11335
FDIC's unique #: 3506
Numeric code: 13
Regulator: FED
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 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
LocationAddress: 1605 Heritage Drive, Northfield, MN 55057
County: Rice
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Faribault-Northfield, MN (#22060)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $234.4 mil
Equity capital: $23.0 mil
Deposits held in domestic offices: $194.6 mil
Return on assets (ROA): 0.18% ($0.4 mil)
Quarterly return on assets: 0.00% ($0.0 mil)
Return on Equity (ROE): 1.86% ($0.4 mil)
Quarterly return on equity: -0.03% (-$0.0 mil)
Net income: $0.4 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.25% ($585.9 mil)
Quarterly Pretax return on assets: -0.04% (-$93.7 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)61
Total assets$234,363
Cash and due from depository institutions$21,850
Interest-bearing balances$20,215
Securities$44,670
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$143,246
Loan loss allowance $5,629
Trading account assets$0
Bank premises and fixed assets$10,331
Other real estate owned$2,468
Goodwill and other intangibles$3,824
All other assets$7,974
Life insurance assets$234,363
Total liabilities and capital$211,342
Total liabilities$194,610
Total deposits$171,174
Interest-bearing deposits$194,610
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,700
Other borrowed funds $0
Subordinated debt $2,032
All other liabilities $23,021
Total equity capital$23,021
Total bank equity capital$23,021
Perpetual preferred stock$0
Common stock$800
Surplus$17,450
Undivided profits $4,771
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 $10,395
Earning assets $118
Long-term assets (5+ years) $733
Average Assets, year-to-date $208,131
Average Assets, quarterly $61,086
Volatile liabilities $239,884
Insider loans $237,493
FHLB advances $161,159
Loans and leases held for sale $232,597
Unused loan commitments $3,020
Tier 1 (core) risk-based capital $3,020
Tier 2 risk-based capital $17,108
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $33,787
Derivatives$4,883
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,228
Total interest expense $2,569
Net interest income $7,659
Provision for loan and lease losses $650
Total noninterest income $1,421
Fiduciary activities $0
Service charges on deposit accounts $879
Trading account gains & fees $0
Additional noninterest income $542
Total noninterest expense $7,943
Salaries and employee benefits $3,854
Premises and equipment expense $1,665
Additional noninterest expense $2,424
Pre-tax net operating income $487
Securities gains (losses) $116
Applicable income taxes $180
Income before extraordinary items $423
Extraordinary gains - net $0
Net income attributable to bank $423
Net charge-offs $0
Cash dividends $423
Sale, conversion, retirement of capital stock, net $1,971
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 assets4.81%
Cost of funding earning assets 1.21%
Net interest margin 3.60%
Noninterest income to earning assets 0.67%
Noninterest expense to earning assets 3.73%
Net operating income to assets 0.14%
Return on assets (ROA) 0.18%
Pretax return on assets 0.25%
Return on equity (ROE) 1.86%
Retained earnings to average equity (YTD only) 1.86%
Net charge-offs to loans 1.26%
Credit loss provision to net charge-offs 32.98%
Efficiency ratio0.58%
Assets per employee$87,478
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.78%
Noncurrent assets plus other real estate owned to assets 54.15%
Noncurrent loans to loans 5.49%
Net loans and leases to deposits6.98%
Net loans and leases to core deposits 73.61%
Equity capital to assets 76.88%
Core capital (leverage) ratio 9.82%
Tier 1 risk-based capital ratio 7.36%
Total risk-based capital ratio 10.62%
Memoranda
Average assets$12
Average earning assets$239,884
Average equity $22,685
Average loans $212,795
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5 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03506Community Resource Bank1605 Heritage Drive, Northfield, MN 55057September 18, 1878Full Service Brick and Mortar
2282172Cannon Falls Branch31825 65th Avenue, Cannon Falls, MN 55009January 01, 1910Full Service Brick and Mortar
346198Roseville Branch1501 West County Road C, Roseville, MN 55113June 19, 1990Full Service Brick and Mortar
4440182Branch618 Division Street, Northfield, MN 55057Febuary 07, 2005Limited Service Facility
5455381Millstream Commons Branch210 West 8th Street, Northfield, MN 55057September 26, 2006Limited Service Facility
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