Concorde Bank in Blomkest, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Concorde Bank - Overview

  • General
  • FDIC Certificate #: 9727
    Status: Active
    Federal Reserve ID: 273653
    Bank Holding Company (Regulatory Top Holder): Matson Financial, Inc. (RSSDID: 2623551, Location: Blomkest, MN)
    Date Established: January 01, 1910
    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 #: 6219
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 16 S.W. Main Street, Blomkest, MN 56216
    County: Kandiyohi
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Willmar, MN (#48820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $53.0 mil
    Equity capital: $4.1 mil
    Deposits held in domestic offices: $48.8 mil
    Return on assets (ROA): 0.38% ($0.2 mil)
    Quarterly return on assets: 0.24% ($0.1 mil)
    Return on Equity (ROE): 4.91% ($0.2 mil)
    Quarterly return on equity: 3.04% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.38% ($201.6 mil)
    Quarterly Pretax return on assets: 0.24% ($127.3 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
  • 15Total employees (full-time equivalent)
  • $53,044Total assets
  • $12,513Cash and due from depository institutions
  • $3,231Interest-bearing balances
  • $8,285Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,055Net loans & leases
  • $738Loan loss allowance
  • $0Trading account assets
  • $1,297Bank premises and fixed assets
  • $322Other real estate owned
  • $0Goodwill and other intangibles
  • $53,044Life insurance assets
  • $572All other assets
  • $48,956Total liabilities and capital
  • $48,828Total liabilities
  • $38,263Total deposits
  • $48,828Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $128Subordinated debt
  • $4,088All other liabilities
  • $4,088Total equity capital
  • $4,088Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $2,850Surplus
  • $1,088Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $602Income earned, not collected on loans
  • $0Earning assets
  • $234Long-term assets (5+ years)
  • $41,571Average Assets, year-to-date
  • $14,154Average Assets, quarterly
  • $51,533Volatile liabilities
  • $51,699Insider loans
  • $35,036FHLB advances
  • $50,442Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,016Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,854Restructured Loans and leases
  • $209Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,123Total interest income
  • $411Total interest expense
  • $1,712Net interest income
  • $90Provision for loan and lease losses
  • $131Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $1,555Total noninterest expense
  • $846Salaries and employee benefits
  • $252Premises and equipment expense
  • $457Additional noninterest expense
  • $198Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $197Income before extraordinary items
  • $0Extraordinary gains - net
  • $197Net income attributable to bank
  • $0Net charge-offs
  • $197Cash dividends
  • $121Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 4.91%Return on equity (ROE)
  • 4.91%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 74.38%Credit loss provision to net charge-offs
  • 2.38%Efficiency ratio
  • 84,373Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.40%Loss allowance to noncurrent loans
  • 122.59%Noncurrent assets plus other real estate owned to assets
  • 1.74%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 61.55%Net loans and leases to core deposits
  • 61.55%Equity capital to assets
  • 7.71%Core capital (leverage) ratio
  • 7.96%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $51,533Average earning assets
  • $4,010Average equity
  • $40,387Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06219Concorde Bank16 S.W. Main Street, Blomkest, MN 56216January 01, 1910Full Service Brick and Mortar
    1428126Willmar Branch1102 South First Street, Willmar, MN 56201May 03, 2004Full Service Brick and Mortar

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