First State Bank of Kensington in Kensington, Minnesota (MN)
| First State Bank of Kensington | |
|---|---|
| General | FDIC Certificate #: 1409 Status: Active Federal Reserve ID: 58757 Bank Holding Company (Regulatory Top Holder): Kensington Bancorp., Inc. (RSSDID: 2359917, Location: Kensington, MN) Date Established: January 01, 1898 WWW: http://www.fsbkensington.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 931 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 26, 2009 Last Structure Change Process Date: March 27, 2009 Last Data Update: March 27, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 11 North Central Ave., Kensington, MN 56343 County: Douglas Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Alexandria, MN (#10820) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $52.2 mil Equity capital: $5.3 mil Deposits held in domestic offices: $45.7 mil Return on assets (ROA): 0.13% ($0.1 mil) Quarterly return on assets: -0.02% (-$0.0 mil) Return on Equity (ROE): 1.33% ($0.1 mil) Quarterly return on equity: -0.15% (-$0.0 mil) Net income: $0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.13% ($67.9 mil) Quarterly Pretax return on assets: -0.02% (-$10.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 14 |
| Total assets | $52,240 |
| Cash and due from depository institutions | $10,958 |
| Interest-bearing balances | $8,697 |
| Securities | $7,271 |
| Federal funds sold & reverse repurchase agreements | $900 |
| Net loans & leases | $31,977 |
| Loan loss allowance | $601 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $224 |
| Other real estate owned | $220 |
| Goodwill and other intangibles | $0 |
| All other assets | $690 |
| Life insurance assets | $52,240 |
| Total liabilities and capital | $46,902 |
| Total liabilities | $45,693 |
| Total deposits | $38,144 |
| Interest-bearing deposits | $45,693 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $521 |
| Other borrowed funds | $0 |
| Subordinated debt | $688 |
| All other liabilities | $5,338 |
| Total equity capital | $5,338 |
| Total bank equity capital | $5,338 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $4,738 |
| Undivided profits | $550 |
| Memoranda | |
| 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 | $405 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $283 |
| Average Assets, year-to-date | $48,845 |
| Average Assets, quarterly | $4,666 |
| Volatile liabilities | $52,643 |
| Insider loans | $52,393 |
| FHLB advances | $35,216 |
| Loans and leases held for sale | $52,705 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $5,145 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $10,313 |
| Derivatives | $1,315 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,370 |
| Total interest expense | $613 |
| Net interest income | $1,757 |
| Provision for loan and lease losses | -$42 |
| Total noninterest income | -$83 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $46 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$129 |
| Total noninterest expense | $1,645 |
| Salaries and employee benefits | $904 |
| Premises and equipment expense | $117 |
| Additional noninterest expense | $624 |
| Pre-tax net operating income | $71 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $71 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $71 |
| Net charge-offs | $0 |
| Cash dividends | $71 |
| Sale, conversion, retirement of capital stock, net | -$62 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.85% |
| Cost of funding earning assets | 1.25% |
| Net interest margin | 3.59% |
| Noninterest income to earning assets | -0.17% |
| Noninterest expense to earning assets | 3.36% |
| Net operating income to assets | 0.13% |
| Return on assets (ROA) | 0.13% |
| Pretax return on assets | 0.13% |
| Return on equity (ROE) | 1.33% |
| Retained earnings to average equity (YTD only) | 1.33% |
| Net charge-offs to loans | -0.19% |
| Credit loss provision to net charge-offs | 67.74% |
| Efficiency ratio | 0.00% |
| Assets per employee | $98,268 |
| Cash dividends to net income (YTD only) | 3.73% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.84% |
| Noncurrent assets plus other real estate owned to assets | 148.40% |
| Noncurrent loans to loans | 1.32% |
| Net loans and leases to deposits | 1.24% |
| Net loans and leases to core deposits | 69.98% |
| Equity capital to assets | 69.98% |
| Core capital (leverage) ratio | 10.22% |
| Tier 1 risk-based capital ratio | 9.76% |
| Total risk-based capital ratio | 14.61% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $52,643 |
| Average equity | $5,324 |
| Average loans | $48,908 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 931 | First State Bank Of Kensington | 11 North Central Ave., Kensington, MN 56343 | January 01, 1898 | Full Service Brick and Mortar |  |
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