Key Community Bank in Inver Grove Heights, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Key Community Bank in Inver Grove Heights, Minnesota (MN)
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Key Community Bank - Overview

  • General
  • FDIC Certificate #: 34644
    Status: Active
    Federal Reserve ID: 2610784
    Bank Holding Company (Regulatory Top Holder): Inver Grove Bancshares, Inc. (RSSDID: 2610766, Location: Inver Grove Heights, MN)
    Date Established: May 20, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15625
    FDIC's unique #: 61021
    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: May 20, 1998
    Last Structure Change Effective Date: Febuary 29, 2012
    Last Structure Change Process Date: Febuary 29, 2012
    Last Data Update: Febuary 29, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 5684 Bishop Avenue, Inver Grove Heights, MN 55076
    County: Dakota
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • Financial Summary
  • Total assets: $60.3 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $46.7 mil
    Return on assets (ROA): -2.00% (-$1.2 mil)
    Quarterly return on assets: -4.73% (-$2.8 mil)
    Return on Equity (ROE): -21.56% (-$1.1 mil)
    Quarterly return on equity: -55.41% (-$2.8 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -2.00% (-$1,206.9 mil)
    Quarterly Pretax return on assets: -4.73% (-$2,854.3 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
  • 16Total employees (full-time equivalent)
  • $60,345Total assets
  • $8,685Cash and due from depository institutions
  • $7,834Interest-bearing balances
  • $10,782Securities
  • $50Federal funds sold & reverse repurchase agreements
  • $38,218Net loans & leases
  • $1,009Loan loss allowance
  • $0Trading account assets
  • $1,468Bank premises and fixed assets
  • $469Other real estate owned
  • $0Goodwill and other intangibles
  • $60,345Life insurance assets
  • $673All other assets
  • $55,456Total liabilities and capital
  • $46,673Total liabilities
  • $35,394Total deposits
  • $46,673Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 6118.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $165Subordinated debt
  • $4,889All other liabilities
  • $4,889Total equity capital
  • $4,889Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $5,041Surplus
  • $-252Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,714Income earned, not collected on loans
  • $0Earning assets
  • $190Long-term assets (5+ years)
  • $56,884Average Assets, year-to-date
  • $594Average Assets, quarterly
  • $60,918Volatile liabilities
  • $61,605Insider loans
  • $42,456FHLB advances
  • $62,308Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,841Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,492Restructured Loans and leases
  • $3Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,762Total interest income
  • $397Total interest expense
  • $2,365Net interest income
  • $1,135Provision for loan and lease losses
  • -$94Total noninterest income
  • $0Fiduciary activities
  • $162Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$256Additional noninterest income
  • $2,354Total noninterest expense
  • $1,531Salaries and employee benefits
  • $283Premises and equipment expense
  • $540Additional noninterest expense
  • -$1,218Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,218Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,218Net income attributable to bank
  • $0Net charge-offs
  • -$1,218Cash dividends
  • $863Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.26%Net interest margin
  • -0.17%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • -2.00%Net operating income to assets
  • -2.00%Return on assets (ROA)
  • -2.00%Pretax return on assets
  • -21.56%Return on equity (ROE)
  • -21.56%Retained earnings to average equity (YTD only)
  • 2.07%Net charge-offs to loans
  • 131.52%Credit loss provision to net charge-offs
  • -0.10%Efficiency ratio
  • 103,655Assets per employee
  • 3.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 21.40%Noncurrent assets plus other real estate owned to assets
  • 8.59%Noncurrent loans to loans
  • 12.02%Net loans and leases to deposits
  • 81.88%Net loans and leases to core deposits
  • 82.33%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 11.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $60,918Average earning assets
  • $5,649Average equity
  • $55,516Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061021Key Community Bank5684 Bishop Avenue, Inver Grove Heights, MN 55076May 20, 1998Full Service Brick and Mortar
    1441147Key Community Bank - South St. Paul515 Marie Avenue, South Saint Paul, MN 55075June 24, 2005Full Service Brick and Mortar

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