Lake Region Bank in New London, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lake Region Bank - Overview

  • General
  • FDIC Certificate #: 10965
    Status: Active
    Federal Reserve ID: 164153
    Bank Holding Company (Regulatory Top Holder): Kandi Bancshares, Inc. (RSSDID: 1125647, Location: New London, MN)
    Date Established: January 12, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12357
    FDIC's unique #: 7020
    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: 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: 51 Main Street, New London, MN 56273
    County: Kandiyohi
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Mankato
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Willmar, MN (#48820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $101.0 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $85.6 mil
    Return on assets (ROA): 0.81% ($0.8 mil)
    Quarterly return on assets: 0.41% ($0.4 mil)
    Return on Equity (ROE): 10.34% ($0.8 mil)
    Quarterly return on equity: 5.07% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.82% ($828.1 mil)
    Quarterly Pretax return on assets: 0.41% ($414.1 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
  • 43Total employees (full-time equivalent)
  • $100,992Total assets
  • $15,457Cash and due from depository institutions
  • $13,098Interest-bearing balances
  • $23,265Securities
  • $497Federal funds sold & reverse repurchase agreements
  • $55,787Net loans & leases
  • $706Loan loss allowance
  • $0Trading account assets
  • $1,363Bank premises and fixed assets
  • $1,265Other real estate owned
  • $703Goodwill and other intangibles
  • $100,992Life insurance assets
  • $2,655All other assets
  • $92,801Total liabilities and capital
  • $85,587Total liabilities
  • $65,581Total deposits
  • $85,587Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $214Subordinated debt
  • $8,191All other liabilities
  • $8,191Total equity capital
  • $8,191Total bank equity capital
  • $0Perpetual preferred stock
  • $650Common stock
  • $5,180Surplus
  • $2,361Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $490Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,018Income earned, not collected on loans
  • $293Earning assets
  • $439Long-term assets (5+ years)
  • $92,647Average Assets, year-to-date
  • $35,497Average Assets, quarterly
  • $97,841Volatile liabilities
  • $99,373Insider loans
  • $62,249FHLB advances
  • $98,519Loans and leases held for sale
  • $1,183Unused loan commitments
  • $1,183Tier 1 (core) risk-based capital
  • $7,069Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,256Restructured Loans and leases
  • $995Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,311Total interest income
  • $754Total interest expense
  • $3,557Net interest income
  • $138Provision for loan and lease losses
  • $1,816Total noninterest income
  • $0Fiduciary activities
  • $444Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,372Additional noninterest income
  • $4,857Total noninterest expense
  • $2,420Salaries and employee benefits
  • $626Premises and equipment expense
  • $1,811Additional noninterest expense
  • $378Pre-tax net operating income
  • $420Securities gains (losses)
  • $2Applicable income taxes
  • $796Income before extraordinary items
  • $0Extraordinary gains - net
  • $796Net income attributable to bank
  • $0Net charge-offs
  • $796Cash dividends
  • $78Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.02%Net interest margin
  • 2.05%Noninterest income to earning assets
  • 5.49%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 10.34%Return on equity (ROE)
  • 10.34%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 176.92%Credit loss provision to net charge-offs
  • 6.62%Efficiency ratio
  • 89,503Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 34.99%Noncurrent assets plus other real estate owned to assets
  • 3.25%Noncurrent loans to loans
  • 3.57%Net loans and leases to deposits
  • 65.18%Net loans and leases to core deposits
  • 65.39%Equity capital to assets
  • 8.11%Core capital (leverage) ratio
  • 7.18%Tier 1 risk-based capital ratio
  • 11.36%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $97,841Average earning assets
  • $7,701Average equity
  • $88,402Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07020Lake Region Bank51 Main Street, New London, MN 56273January 12, 1915Full Service Brick and Mortar
    1223525Detached Facility49 Front Street, Sunburg, MN 56289September 30, 1977Limited Service Facility
    2223526Willmar Branch1690 South First Street, Willmar, MN 56201June 29, 1982Full Service Brick and Mortar

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