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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Kasson State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents