KleinBank in Big Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • KleinBank in Big Lake, Minnesota (MN)
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KleinBank - Overview

  • General
  • FDIC Certificate #: 1414
    Status: Active
    Federal Reserve ID: 303550
    Bank Holding Company (Regulatory Top Holder): Klein Financial, Inc. (RSSDID: 1123915, Location: Chaska, MN)
    Date Established: January 01, 1925
    WWW: http://www.kleinbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 22 (Domestic: 22, Interstate: No)
    FDIC's unique #: 934
    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: January 01, 1934
    Last Structure Change Effective Date: November 22, 2010
    Last Structure Change Process Date: November 22, 2010
    Last Data Update: November 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 611 Rose Drive, Big Lake, MN 55309
    County: Sherburne
    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: $1,504.4 mil
    Equity capital: $172.0 mil
    Deposits held in domestic offices: $1,255.9 mil
    Return on assets (ROA): 0.64% ($9.6 mil)
    Quarterly return on assets: 0.75% ($11.3 mil)
    Return on Equity (ROE): 5.94% ($10.2 mil)
    Quarterly return on equity: 6.61% ($11.4 mil)
    Net income: $9.5 mil
    Quarterly Net income: $2.8 mil
    Pretax return on assets: 0.64% ($9,628.3 mil)
    Quarterly Pretax return on assets: 0.75% ($11,283.1 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
  • 391Total employees (full-time equivalent)
  • $1,504,419Total assets
  • $47,809Cash and due from depository institutions
  • $12,240Interest-bearing balances
  • $578,164Securities
  • $7,089Federal funds sold & reverse repurchase agreements
  • $747,436Net loans & leases
  • $17,067Loan loss allowance
  • $0Trading account assets
  • $39,558Bank premises and fixed assets
  • $18,295Other real estate owned
  • $25,131Goodwill and other intangibles
  • $1,504,419Life insurance assets
  • $40,937All other assets
  • $1,332,447Total liabilities and capital
  • $1,255,890Total liabilities
  • $1,021,264Total deposits
  • $1,255,890Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 23954.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $29,583Trading liabilities
  • $0Other borrowed funds
  • $23,020Subordinated debt
  • $171,972All other liabilities
  • $171,972Total equity capital
  • $171,972Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $115,307Surplus
  • $56,465Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,612Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,034Income earned, not collected on loans
  • $719Earning assets
  • $6,924Long-term assets (5+ years)
  • $1,344,929Average Assets, year-to-date
  • $498,937Average Assets, quarterly
  • $1,491,036Volatile liabilities
  • $1,505,648Insider loans
  • $940,395FHLB advances
  • $1,513,453Loans and leases held for sale
  • $26,391Unused loan commitments
  • $1,912Tier 1 (core) risk-based capital
  • $130,546Tier 2 risk-based capital
  • $24,479Total risk weighted assets
  • $0Total unused commitments
  • $207,556Restructured Loans and leases
  • $1,934Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $61,829Total interest income
  • $8,174Total interest expense
  • $53,655Net interest income
  • $8,344Provision for loan and lease losses
  • $18,072Total noninterest income
  • $0Fiduciary activities
  • $5,018Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13,054Additional noninterest income
  • $54,908Total noninterest expense
  • $32,020Salaries and employee benefits
  • $6,729Premises and equipment expense
  • $16,159Additional noninterest expense
  • $8,475Pre-tax net operating income
  • $1,047Securities gains (losses)
  • $29Applicable income taxes
  • $9,493Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,493Net income attributable to bank
  • $0Net charge-offs
  • $9,493Cash dividends
  • $8,931Sale, conversion, retirement of capital stock, net
  • $1,521Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 4.02%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 5.94%Return on equity (ROE)
  • 4.99%Retained earnings to average equity (YTD only)
  • 1.08%Net charge-offs to loans
  • 93.43%Credit loss provision to net charge-offs
  • 1.88%Efficiency ratio
  • 75,718Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.02%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 89.67%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 2.49%Net loans and leases to deposits
  • 59.51%Net loans and leases to core deposits
  • 62.22%Equity capital to assets
  • 11.43%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 13.88%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,491,036Average earning assets
  • $159,689Average equity
  • $1,333,776Average loans

List of branches

  • 22 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0934Kleinbank611 Rose Drive, Big Lake, MN 55309January 01, 1925Full Service Brick and Mortar
    1189475Kleinbank - Coon Rapids3251 Northdale Blvd, Nw, Coon Rapids, MN 55448July 20, 1993Full Service Brick and Mortar
    2366306Maple Grove Branch11850 Fountains Way, Maple Grove, MN 55369Febuary 24, 2003Full Service Brick and Mortar
    315335Victoria Branch1630 Arboretum Blvd, Victoria, MN 55386January 01, 1911Full Service Brick and Mortar
    41279Chanhassen Branch600 West 78th Street, Chanhassen, MN 55317June 10, 1919Full Service Brick and Mortar
    53418Chaska Branch301 Chestnut Street, Chaska, MN 55318September 01, 1906Full Service Brick and Mortar
    6207109Chaska Commons Branch120 Pioneer Trail, Chaska, MN 55318June 26, 1997Full Service Brick and Mortar
    7207110Shakopee Branch1407 Vierling Drive, Shakopee, MN 55379July 06, 1998Full Service Brick and Mortar
    83499Montevideo Branch101 South First Street, Montevideo, MN 56265June 15, 1927Full Service Brick and Mortar
    9207364Montevideo Hwy Drive Up Branch630 North 12th Street, Montevideo, MN 56265March 13, 1978Full Service Brick and Mortar
    1013313Young America Branch800 Faxon Road, Norwood Young America, MN 55397July 01, 1900Full Service Brick and Mortar
    119363Buffalo Downtown Branch15 Division Street, Buffalo, MN 55313December 15, 1886Full Service Brick and Mortar
    12232552Buffalo Hwy Branch910 Commercial Drive, Buffalo, MN 55313April 05, 1982Full Service Brick and Mortar
    133538Waconia Branch53 West Main Street, Waconia, MN 55387January 01, 1919Full Service Brick and Mortar
    14207409St. Bonifacius Branch8900 State Hwy 7, St. Bonifacius, MN 55375November 15, 1977Full Service Brick and Mortar
    1513369Cologne Branch210 Paul Avenue North, Cologne, MN 55322January 01, 1903Full Service Brick and Mortar
    163479Madison Branch222 6th Avenue, Madison, MN 56256July 03, 1931Full Service Brick and Mortar
    17207283Madison Lutheran Home Branch900 2nd Avenue, Madison, MN 56256November 18, 1999Limited Service Mobile
    20362992Burnsville Branch3000 County Road, 42 West, Burnsville, MN 55337January 28, 2002Full Service Brick and Mortar
    215647Savage Branch14141 Glendale Road, Savage, MN 55378September 04, 1906Full Service Brick and Mortar
    22488172Kleinbank - Otsego15751 87th Street Ne, Otsego, MN 55330Febuary 16, 2009Full Service Brick and Mortar
    23356928Community Bank Plymouth Branch3455 Plymouth Boulevard, Plymouth, MN 55447November 13, 2000Full Service Brick and Mortar

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