Eastwood Bank in Kasson, Minnesota (MN)
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| Eastwood Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 136 |
| Total assets | $554,616 |
| Cash and due from depository institutions | $8,924 |
| Interest-bearing balances | $0 |
| Securities | $184,819 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $331,945 |
| Loan loss allowance | $6,550 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,271 |
| Other real estate owned | $2,132 |
| Goodwill and other intangibles | $3,356 |
| All other assets | $11,169 |
| Life insurance assets | $554,616 |
| Total liabilities and capital | $503,351 |
| Total liabilities | $452,406 |
| Total deposits | $404,086 |
| Interest-bearing deposits | $452,406 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 38198.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $10,101 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,646 |
| All other liabilities | $51,265 |
| Total equity capital | $51,265 |
| Total bank equity capital | $51,265 |
| Perpetual preferred stock | $0 |
| Common stock | $1,008 |
| Surplus | $24,600 |
| Undivided profits | $25,657 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,022 |
| Income earned, not collected on loans | $6,347 |
| Earning assets | $44 |
| Long-term assets (5+ years) | $3,144 |
| Average Assets, year-to-date | $516,764 |
| Average Assets, quarterly | $155,383 |
| Volatile liabilities | $520,078 |
| Insider loans | $540,681 |
| FHLB advances | $376,553 |
| Loans and leases held for sale | $532,028 |
| Unused loan commitments | $3,841 |
| Tier 1 (core) risk-based capital | $3,841 |
| Tier 2 risk-based capital | $43,513 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $57,716 |
| Derivatives | $1,334 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $25,090 |
| Total interest expense | $5,622 |
| Net interest income | $19,468 |
| Provision for loan and lease losses | $1,212 |
| Total noninterest income | $5,775 |
| Fiduciary activities | $388 |
| Service charges on deposit accounts | $1,781 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,606 |
| Total noninterest expense | $17,250 |
| Salaries and employee benefits | $9,556 |
| Premises and equipment expense | $1,795 |
| Additional noninterest expense | $5,899 |
| Pre-tax net operating income | $6,781 |
| Securities gains (losses) | $60 |
| Applicable income taxes | $25 |
| Income before extraordinary items | $6,816 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,816 |
| Net charge-offs | $0 |
| Cash dividends | $6,816 |
| Sale, conversion, retirement of capital stock, net | $1,295 |
| Net operating income | $4,113 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.19% |
| Cost of funding earning assets | 1.16% |
| Net interest margin | 4.03% |
| Noninterest income to earning assets | 1.19% |
| Noninterest expense to earning assets | 3.57% |
| Net operating income to assets | 1.30% |
| Return on assets (ROA) | 1.31% |
| Pretax return on assets | 1.32% |
| Return on equity (ROE) | 14.48% |
| Retained earnings to average equity (YTD only) | 5.74% |
| Net charge-offs to loans | 0.38% |
| Credit loss provision to net charge-offs | 93.59% |
| Efficiency ratio | 6.17% |
| Assets per employee | $65,947 |
| Cash dividends to net income (YTD only) | 4.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 60.34% |
| Loss allowance to noncurrent loans | 1.94% |
| Noncurrent assets plus other real estate owned to assets | 103.20% |
| Noncurrent loans to loans | 1.53% |
| Net loans and leases to deposits | 1.88% |
| Net loans and leases to core deposits | 73.37% |
| Equity capital to assets | 77.08% |
| Core capital (leverage) ratio | 9.24% |
| Tier 1 risk-based capital ratio | 8.18% |
| Total risk-based capital ratio | 11.56% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $520,078 |
| Average equity | $47,071 |
| Average loans | $483,449 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $74,198 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $60,433 |
| Employee benefit-defined contribution accounts | $43,290 |
| Employee benefit-defined benefit accounts | $11,761 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $2,774 |
| Investment management agency accounts | $208 |
| Other fiduciary accounts | $1,983 |
| Fiduciary accounts held in foreign offices | $417 |
| Non-managed Assets | $0 |
| Number of Accounts | 151 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $2,774 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $13,765 |
| Corporate trust and agency accounts | $10,295 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $1,813 |
| 11 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5232 | Eastwood Bank | 109 South Mantorville Avenue, Kasson, MN 55944 | July 15, 1903 | Full Service Brick and Mortar |  |
| 2 | 6252 | Rollingstone Branch | 140 Main Street, Rollingstone, MN 55969 | January 16, 1905 | Full Service Brick and Mortar |  |
| 3 | 5224 | Eyota Branch | 27 West Second Street, Eyota, MN 55934 | October 01, 1913 | Full Service Brick and Mortar | |
| 4 | 218118 | Southside Branch | 1625 Highway 14 East, Rochester, MN 55901 | Febuary 01, 1979 | Full Service Brick and Mortar | |
| 8 | 218123 | Stewartville Branch | 119 East First Street, Stewartville, MN 55976 | December 21, 1992 | Full Service Brick and Mortar | |
| 9 | 218124 | Northside Branch | 5125 Highway 52 North, Rochester, MN 55901 | March 13, 1995 | Full Service Brick and Mortar | |
| 10 | 218125 | St. Charles Branch | 748 Whitewater Avenue, St. Charles, MN 55972 | October 04, 1999 | Full Service Brick and Mortar | |
| 11 | 441048 | Rochester Branch | 45 28th Street Se, Rochester, MN 55904 | June 13, 2005 | Full Service Brick and Mortar | |
| 13 | 7740 | Houston Branch | 108 Cedar Street, East, Houston, MN 55943 | January 13, 1903 | Full Service Brick and Mortar | |
| 14 | 266755 | Lafayette & Fifth Branch | 225 Lafayette Street, Winona, MN 55987 | January 01, 1923 | Full Service Brick and Mortar | |
| 15 | 478333 | Eastwood Bank Private Banking & Trus | 15 1st St Se, Suite 220, Rochester, MN 55904 | May 05, 2008 | Limited Service Trust | |
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