Community Resource Bank in Northfield, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community Resource Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 61Total employees (full-time equivalent)
  • $234,363Total assets
  • $21,850Cash and due from depository institutions
  • $20,215Interest-bearing balances
  • $44,670Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $143,246Net loans & leases
  • $5,629Loan loss allowance
  • $0Trading account assets
  • $10,331Bank premises and fixed assets
  • $2,468Other real estate owned
  • $3,824Goodwill and other intangibles
  • $234,363Life insurance assets
  • $7,974All other assets
  • $211,342Total liabilities and capital
  • $194,610Total liabilities
  • $171,174Total deposits
  • $194,610Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,700Trading liabilities
  • $0Other borrowed funds
  • $2,032Subordinated debt
  • $23,021All other liabilities
  • $23,021Total equity capital
  • $23,021Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $17,450Surplus
  • $4,771Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,395Income earned, not collected on loans
  • $118Earning assets
  • $733Long-term assets (5+ years)
  • $208,131Average Assets, year-to-date
  • $61,086Average Assets, quarterly
  • $239,884Volatile liabilities
  • $237,493Insider loans
  • $161,159FHLB advances
  • $232,597Loans and leases held for sale
  • $3,020Unused loan commitments
  • $3,020Tier 1 (core) risk-based capital
  • $17,108Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,787Restructured Loans and leases
  • $4,883Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,228Total interest income
  • $2,569Total interest expense
  • $7,659Net interest income
  • $650Provision for loan and lease losses
  • $1,421Total noninterest income
  • $0Fiduciary activities
  • $879Service charges on deposit accounts
  • $0Trading account gains & fees
  • $542Additional noninterest income
  • $7,943Total noninterest expense
  • $3,854Salaries and employee benefits
  • $1,665Premises and equipment expense
  • $2,424Additional noninterest expense
  • $487Pre-tax net operating income
  • $116Securities gains (losses)
  • $180Applicable income taxes
  • $423Income before extraordinary items
  • $0Extraordinary gains - net
  • $423Net income attributable to bank
  • $0Net charge-offs
  • $423Cash dividends
  • $1,971Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 32.98%Credit loss provision to net charge-offs
  • 0.58%Efficiency ratio
  • 87,478Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.78%Loss allowance to noncurrent loans
  • 54.15%Noncurrent assets plus other real estate owned to assets
  • 5.49%Noncurrent loans to loans
  • 6.98%Net loans and leases to deposits
  • 73.61%Net loans and leases to core deposits
  • 76.88%Equity capital to assets
  • 9.82%Core capital (leverage) ratio
  • 7.36%Tier 1 risk-based capital ratio
  • 10.62%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $239,884Average earning assets
  • $22,685Average equity
  • $212,795Average loans

List of branches

  • 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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