Community Security Bank in New Prague, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 2010

  • Community Security Bank in New Prague, Minnesota (MN)
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Community Security Bank - Overview

  • General
  • FDIC Certificate #: 34486
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Roundbank (#5271)
    Federal Reserve ID: 2576198
    Date Established: November 10, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57677
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 10, 1997
    Last Structure Change Effective Date: July 23, 2010
    Last Structure Change Process Date: July 27, 2010
    Last Data Update: July 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 1st Street, N.E., New Prague, MN 56071
    County: Scott
    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)
  • Financial Summary
  • Total assets: $100.6 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, 2009)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $113,923Total assets
  • $5,384Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,405Securities
  • $2,327Federal funds sold & reverse repurchase agreements
  • $84,596Net loans & leases
  • $2,307Loan loss allowance
  • $0Trading account assets
  • $873Bank premises and fixed assets
  • $3,980Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,358All other assets
  • $113,922Total liabilities and capital
  • $107,013Total liabilities
  • $100,938Total deposits
  • $92,033Interest-bearing deposits
  • $100,938Deposits held in domestic offices
  • 98.96%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,600Other borrowed funds
  • $0Subordinated debt
  • $475All other liabilities
  • $6,909Total equity capital
  • $6,909Total bank equity capital
  • $6,909Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $8,460Undivided profits
  • Memoranda
  • $-1,651Noncurrent loans and leases
  • $8,688Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,790Earning assets
  • $0Long-term assets (5+ years)
  • $458Average Assets, year-to-date
  • $98,328Average Assets, quarterly
  • $9,482Volatile liabilities
  • $119,018Insider loans
  • $117,015FHLB advances
  • $26,003Loans and leases held for sale
  • $1,652Unused loan commitments
  • $5,600Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $258Total risk weighted assets
  • $8,688Total unused commitments
  • $0Restructured Loans and leases
  • $1,226Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,209Total interest income
  • $2,652Total interest expense
  • $2,557Net interest income
  • $5,620Provision for loan and lease losses
  • $1,280Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,138Additional noninterest income
  • $4,307Total noninterest expense
  • $1,867Salaries and employee benefits
  • $176Premises and equipment expense
  • $2,264Additional noninterest expense
  • -$6,090Pre-tax net operating income
  • $40Securities gains (losses)
  • -$2,412Applicable income taxes
  • -$3,638Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,638Net income attributable to bank
  • $0Net charge-offs
  • -$3,638Cash dividends
  • $5,713Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 2.45%Cost of funding earning assets
  • 2.36%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • -3.08%Net operating income to assets
  • -3.06%Return on assets (ROA)
  • -5.08%Pretax return on assets
  • -39.44%Return on equity (ROE)
  • -39.44%Retained earnings to average equity (YTD only)
  • 5.76%Net charge-offs to loans
  • 98.37%Credit loss provision to net charge-offs
  • -0.08%Efficiency ratio
  • 112,249Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 10.59%Noncurrent assets plus other real estate owned to assets
  • 22.62%Noncurrent loans to loans
  • 25.07%Net loans and leases to deposits
  • 83.81%Net loans and leases to core deposits
  • 112.89%Equity capital to assets
  • 6.06%Core capital (leverage) ratio
  • 2.51%Tier 1 risk-based capital ratio
  • 2.94%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $119,018Average earning assets
  • $9,223Average equity
  • $108,430Average loans

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