Crow River State Bank in Delano, Minnesota (MN)

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Crow River State Bank
GeneralFDIC Certificate #: 23986
Status: Active
Federal Reserve ID: 157650
Bank Holding Company (Regulatory Top Holder): Crsb Bancorp, Inc. (RSSDID: 3079182, Location: Delano, MN)
Date Established: June 24, 1982
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 16727
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: Yes
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: June 24, 1982
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
LocationAddress: 710 Babcock Boulevard, Delano, MN 55328
County: Wright
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $81.8 mil
Equity capital: $8.5 mil
Deposits held in domestic offices: $65.8 mil
Return on assets (ROA): 1.15% ($0.9 mil)
Quarterly return on assets: 1.05% ($0.9 mil)
Return on Equity (ROE): 11.63% ($1.0 mil)
Quarterly return on equity: 9.88% ($0.9 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.16% ($949.0 mil)
Quarterly Pretax return on assets: 1.05% ($859.0 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)43
Total assets$81,810
Cash and due from depository institutions$7,202
Interest-bearing balances$1,735
Federal funds sold & reverse repurchase agreements$592
Net loans & leases$27,317
Loan loss allowance $421
Trading account assets$0
Bank premises and fixed assets$508
Other real estate owned$71
Goodwill and other intangibles$0
All other assets$1,281
Life insurance assets$81,810
Total liabilities and capital$73,278
Total liabilities$65,752
Total deposits$52,838
Interest-bearing deposits$65,752
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$7,200
Other borrowed funds $0
Subordinated debt $326
All other liabilities $8,532
Total equity capital$8,532
Total bank equity capital$8,532
Perpetual preferred stock$0
Common stock$596
Undivided profits $3,532
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 $415
Earning assets $0
Long-term assets (5+ years) $518
Average Assets, year-to-date $74,483
Average Assets, quarterly $40,971
Volatile liabilities $77,859
Insider loans $79,971
FHLB advances $37,503
Loans and leases held for sale $78,029
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,618
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,181
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,601
Total interest expense $657
Net interest income $2,944
Provision for loan and lease losses $145
Total noninterest income $1,023
Fiduciary activities $0
Service charges on deposit accounts $388
Trading account gains & fees $0
Additional noninterest income $635
Total noninterest expense $3,076
Salaries and employee benefits $1,696
Premises and equipment expense $275
Additional noninterest expense $1,105
Pre-tax net operating income $746
Securities gains (losses) $154
Applicable income taxes $2
Income before extraordinary items $898
Extraordinary gains - net $0
Net income attributable to bank $898
Net charge-offs $0
Cash dividends $898
Sale, conversion, retirement of capital stock, net $32
Net operating income $561
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.94%
Cost of funding earning assets 0.90%
Net interest margin 4.04%
Noninterest income to earning assets 1.40%
Noninterest expense to earning assets 4.22%
Net operating income to assets 0.96%
Return on assets (ROA) 1.15%
Pretax return on assets 1.16%
Return on equity (ROE) 11.63%
Retained earnings to average equity (YTD only) 4.37%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 453.13%
Efficiency ratio27.84%
Assets per employee$77,540
Cash dividends to net income (YTD only)1.90%
Condition Ratios (%)
Loss allowance to loans 62.47%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 101.45%
Noncurrent loans to loans 0.59%
Net loans and leases to deposits1.50%
Net loans and leases to core deposits 41.55%
Equity capital to assets 41.55%
Core capital (leverage) ratio 10.43%
Tier 1 risk-based capital ratio 9.76%
Total risk-based capital ratio 20.31%
Average assets$21
Average earning assets$77,859
Average equity $7,720
Average loans $72,834
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016727Crow River State Bank710 Babcock Boulevard, Delano, MN 55328June 24, 1982Full Service Brick and Mortar
1256849Mound Branch2290 Commerce Boulevard, Mound, MN 55364March 04, 1997Full Service Brick and Mortar
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