Kanabec State Bank in Mora, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Kanabec State Bank - Overview

  • General
  • FDIC Certificate #: 8220
    Status: Active
    Federal Reserve ID: 705958
    Bank Holding Company (Regulatory Top Holder): First Citizens Financial Corp. (RSSDID: 1203509, Location: Mason City, IA)
    Date Established: May 01, 1917
    WWW: http://www.kanabecstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11606
    FDIC's unique #: 5243
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 26, 2009
    Last Structure Change Process Date: March 04, 2010
    Last Data Update: March 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 730 Forest Ave. E, Mora, MN 55051
    County: Kanabec
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $138.4 mil
    Equity capital: $17.4 mil
    Deposits held in domestic offices: $118.4 mil
    Return on assets (ROA): 0.45% ($0.6 mil)
    Quarterly return on assets: 0.22% ($0.3 mil)
    Return on Equity (ROE): 3.49% ($0.6 mil)
    Quarterly return on equity: 1.73% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.45% ($622.7 mil)
    Quarterly Pretax return on assets: 0.22% ($304.4 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
  • 23Total employees (full-time equivalent)
  • $138,375Total assets
  • $3,656Cash and due from depository institutions
  • $2,899Interest-bearing balances
  • $67,331Securities
  • $6,300Federal funds sold & reverse repurchase agreements
  • $53,375Net loans & leases
  • $1,255Loan loss allowance
  • $0Trading account assets
  • $3,292Bank premises and fixed assets
  • $280Other real estate owned
  • $0Goodwill and other intangibles
  • $138,375Life insurance assets
  • $4,141All other assets
  • $120,992Total liabilities and capital
  • $118,401Total liabilities
  • $105,899Total deposits
  • $118,401Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $591Subordinated debt
  • $17,383All other liabilities
  • $17,383Total equity capital
  • $17,383Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $5,204Surplus
  • $11,879Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,930Income earned, not collected on loans
  • $249Earning assets
  • $516Long-term assets (5+ years)
  • $129,905Average Assets, year-to-date
  • $10,495Average Assets, quarterly
  • $134,060Volatile liabilities
  • $137,931Insider loans
  • $67,426FHLB advances
  • $135,339Loans and leases held for sale
  • $2,185Unused loan commitments
  • $2,185Tier 1 (core) risk-based capital
  • $16,569Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,543Restructured Loans and leases
  • $110Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,073Total interest income
  • $1,165Total interest expense
  • $3,908Net interest income
  • $822Provision for loan and lease losses
  • $479Total noninterest income
  • $0Fiduciary activities
  • $336Service charges on deposit accounts
  • $0Trading account gains & fees
  • $143Additional noninterest income
  • $3,016Total noninterest expense
  • $1,507Salaries and employee benefits
  • $467Premises and equipment expense
  • $1,042Additional noninterest expense
  • $549Pre-tax net operating income
  • $50Securities gains (losses)
  • $2Applicable income taxes
  • $597Income before extraordinary items
  • $0Extraordinary gains - net
  • $597Net income attributable to bank
  • $0Net charge-offs
  • $597Cash dividends
  • $1,255Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.05%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.49%Return on equity (ROE)
  • 1.74%Retained earnings to average equity (YTD only)
  • 2.17%Net charge-offs to loans
  • 65.50%Credit loss provision to net charge-offs
  • 1.09%Efficiency ratio
  • 68,749Assets per employee
  • 6.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.25%Loss allowance to loans
  • 2.30%Loss allowance to noncurrent loans
  • 65.03%Noncurrent assets plus other real estate owned to assets
  • 1.60%Noncurrent loans to loans
  • 3.53%Net loans and leases to deposits
  • 45.08%Net loans and leases to core deposits
  • 49.10%Equity capital to assets
  • 12.56%Core capital (leverage) ratio
  • 12.24%Tier 1 risk-based capital ratio
  • 24.57%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $134,060Average earning assets
  • $17,099Average equity
  • $125,373Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05243Kanabec State Bank730 Forest Ave. E, Mora, MN 55051May 01, 1917Full Service Brick and Mortar

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