Eastwood Bank in Kasson, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Eastwood Bank - Overview

  • General
  • FDIC Certificate #: 8208
    Status: Active
    Federal Reserve ID: 315852
    Bank Holding Company (Regulatory Top Holder): Eastwood Financial Corporation Employee Profit Sharing And Stock Ownership Plan (RSSDID: 3870240, Location: Rochester, MN)
    Date Established: July 15, 1903
    WWW: http://www.eastwoodbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 10073
    FDIC's unique #: 5232
    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: June 08, 2007
    Last Structure Change Process Date: July 24, 2007
    Last Data Update: July 24, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 South Mantorville Avenue, Kasson, MN 55944
    County: Dodge
    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
    Core Based Statistical Area (CBSA): Rochester, MN (#40340)
    CBSA Metro Statistical Area: Rochester, MN (#40340)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $554.6 mil
    Equity capital: $51.3 mil
    Deposits held in domestic offices: $452.4 mil
    Return on assets (ROA): 1.31% ($7.3 mil)
    Quarterly return on assets: 1.04% ($5.8 mil)
    Return on Equity (ROE): 14.48% ($7.4 mil)
    Quarterly return on equity: 11.06% ($5.6 mil)
    Net income: $6.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.32% ($7,320.9 mil)
    Quarterly Pretax return on assets: 1.04% ($5,768.0 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
  • 136Total employees (full-time equivalent)
  • $554,616Total assets
  • $8,924Cash and due from depository institutions
  • $0Interest-bearing balances
  • $184,819Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $331,945Net loans & leases
  • $6,550Loan loss allowance
  • $0Trading account assets
  • $12,271Bank premises and fixed assets
  • $2,132Other real estate owned
  • $3,356Goodwill and other intangibles
  • $554,616Life insurance assets
  • $11,169All other assets
  • $503,351Total liabilities and capital
  • $452,406Total liabilities
  • $404,086Total deposits
  • $452,406Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 38198.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,101Trading liabilities
  • $0Other borrowed funds
  • $2,646Subordinated debt
  • $51,265All other liabilities
  • $51,265Total equity capital
  • $51,265Total bank equity capital
  • $0Perpetual preferred stock
  • $1,008Common stock
  • $24,600Surplus
  • $25,657Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,347Income earned, not collected on loans
  • $44Earning assets
  • $3,144Long-term assets (5+ years)
  • $516,764Average Assets, year-to-date
  • $155,383Average Assets, quarterly
  • $520,078Volatile liabilities
  • $540,681Insider loans
  • $376,553FHLB advances
  • $532,028Loans and leases held for sale
  • $3,841Unused loan commitments
  • $3,841Tier 1 (core) risk-based capital
  • $43,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,716Restructured Loans and leases
  • $1,334Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,090Total interest income
  • $5,622Total interest expense
  • $19,468Net interest income
  • $1,212Provision for loan and lease losses
  • $5,775Total noninterest income
  • $388Fiduciary activities
  • $1,781Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,606Additional noninterest income
  • $17,250Total noninterest expense
  • $9,556Salaries and employee benefits
  • $1,795Premises and equipment expense
  • $5,899Additional noninterest expense
  • $6,781Pre-tax net operating income
  • $60Securities gains (losses)
  • $25Applicable income taxes
  • $6,816Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,816Net income attributable to bank
  • $0Net charge-offs
  • $6,816Cash dividends
  • $1,295Sale, conversion, retirement of capital stock, net
  • $4,113Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.03%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 14.48%Return on equity (ROE)
  • 5.74%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 93.59%Credit loss provision to net charge-offs
  • 6.17%Efficiency ratio
  • 65,947Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.34%Loss allowance to loans
  • 1.94%Loss allowance to noncurrent loans
  • 103.20%Noncurrent assets plus other real estate owned to assets
  • 1.53%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 73.37%Net loans and leases to core deposits
  • 77.08%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 11.56%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $520,078Average earning assets
  • $47,071Average equity
  • $483,449Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $74,198Managed Assets
  • 1Number of Accounts
  • $60,433Personal trust and agency accounts
  • $43,290Employee benefit-defined contribution accounts
  • $11,761Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,774Corporate trust and agency accounts
  • $208Investment management agency accounts
  • $1,983Other fiduciary accounts
  • $417Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 151Number of Accounts
  • $0Personal trust and agency accounts
  • $2,774Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,765Other retirement accounts
  • $10,295Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,813Fiduciary accounts held in foreign offices

List of branches

  • 11 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05232Eastwood Bank109 South Mantorville Avenue, Kasson, MN 55944July 15, 1903Full Service Brick and Mortar
    26252Rollingstone Branch140 Main Street, Rollingstone, MN 55969January 16, 1905Full Service Brick and Mortar
    35224Eyota Branch27 West Second Street, Eyota, MN 55934October 01, 1913Full Service Brick and Mortar
    4218118Southside Branch1625 Highway 14 East, Rochester, MN 55901Febuary 01, 1979Full Service Brick and Mortar
    8218123Stewartville Branch119 East First Street, Stewartville, MN 55976December 21, 1992Full Service Brick and Mortar
    9218124Northside Branch5125 Highway 52 North, Rochester, MN 55901March 13, 1995Full Service Brick and Mortar
    10218125St. Charles Branch748 Whitewater Avenue, St. Charles, MN 55972October 04, 1999Full Service Brick and Mortar
    11441048Rochester Branch45 28th Street Se, Rochester, MN 55904June 13, 2005Full Service Brick and Mortar
    137740Houston Branch108 Cedar Street, East, Houston, MN 55943January 13, 1903Full Service Brick and Mortar
    14266755Lafayette & Fifth Branch225 Lafayette Street, Winona, MN 55987January 01, 1923Full Service Brick and Mortar
    15478333Eastwood Bank Private Banking & Trus15 1st St Se, Suite 220, Rochester, MN 55904May 05, 2008Limited Service Trust

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