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


Kasson State Bank - Overview

  • General
  • FDIC Certificate #: 15329
    Status: Active
    Federal Reserve ID: 953357
    Bank Holding Company (Regulatory Top Holder): Palmer Bancshares, Inc. (RSSDID: 2741204, Location: Kasson, MN)
    Date Established: Febuary 02, 1935
    WWW: http://www.kassonstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 9664
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    Date of Deposit Insurance: December 23, 1935
    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
  • Location
  • Address: 203 W Main St, 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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $59.6 mil
    Equity capital: $5.5 mil
    Deposits held in domestic offices: $54.0 mil
    Return on assets (ROA): 0.29% ($0.2 mil)
    Quarterly return on assets: -1.12% (-$0.7 mil)
    Return on Equity (ROE): 3.15% ($0.2 mil)
    Quarterly return on equity: -11.85% (-$0.6 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.29% ($172.8 mil)
    Quarterly Pretax return on assets: -1.12% (-$667.2 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
  • 19Total employees (full-time equivalent)
  • $59,570Total assets
  • $4,107Cash and due from depository institutions
  • $3,010Interest-bearing balances
  • $11,032Securities
  • $4,957Federal funds sold & reverse repurchase agreements
  • $37,466Net loans & leases
  • $630Loan loss allowance
  • $0Trading account assets
  • $510Bank premises and fixed assets
  • $485Other real estate owned
  • $0Goodwill and other intangibles
  • $59,570Life insurance assets
  • $1,013All other assets
  • $54,076Total liabilities and capital
  • $54,000Total liabilities
  • $39,447Total deposits
  • $54,000Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $76Subordinated debt
  • $5,494All other liabilities
  • $5,494Total equity capital
  • $5,494Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,300Surplus
  • $1,994Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,114Income earned, not collected on loans
  • $0Earning assets
  • $308Long-term assets (5+ years)
  • $56,465Average Assets, year-to-date
  • $13,008Average Assets, quarterly
  • $60,069Volatile liabilities
  • $59,062Insider loans
  • $44,924FHLB advances
  • $59,019Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,216Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,826Restructured Loans and leases
  • $1,813Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,591Total interest income
  • $484Total interest expense
  • $2,107Net interest income
  • $230Provision for loan and lease losses
  • $201Total noninterest income
  • $0Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $1,892Total noninterest expense
  • $979Salaries and employee benefits
  • $264Premises and equipment expense
  • $649Additional noninterest expense
  • $186Pre-tax net operating income
  • -$11Securities gains (losses)
  • $0Applicable income taxes
  • $175Income before extraordinary items
  • $0Extraordinary gains - net
  • $175Net income attributable to bank
  • $0Net charge-offs
  • $175Cash dividends
  • $149Sale, conversion, retirement of capital stock, net
  • $144Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.42%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 3.15%Return on equity (ROE)
  • 0.56%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 154.36%Credit loss provision to net charge-offs
  • 2.79%Efficiency ratio
  • 81,976Assets per employee
  • 3.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 82.29%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 56.55%Noncurrent assets plus other real estate owned to assets
  • 2.84%Noncurrent loans to loans
  • 2.92%Net loans and leases to deposits
  • 69.38%Net loans and leases to core deposits
  • 69.38%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 11.61%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $60,069Average earning assets
  • $5,553Average equity
  • $55,244Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09664Kasson State Bank203 W Main St, Kasson, MN 55944Febuary 02, 1935Full Service Brick and Mortar
    1233707Drive-In Facility502 South Mantorville Avenue, Kasson, MN 55944January 16, 1984Limited Service Facility

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