New Market Bank in Elko New Market, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • New Market Bank in Elko New Market, Minnesota (MN)
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New Market Bank - Overview

  • General
  • FDIC Certificate #: 1931
    Status: Active
    Federal Reserve ID: 165758
    Bank Holding Company (Regulatory Top Holder): Market Bancorporation, Inc. (RSSDID: 1143904, Location: Elko New Market, MN)
    Date Established: June 10, 1905
    WWW: http://www.newmarketbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 1296
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 22, 2010
    Last Structure Change Process Date: October 25, 2010
    Last Data Update: October 25, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 461 Main Street, Elko New Market, MN 55054
    County: Scott
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $84.2 mil
    Equity capital: $7.8 mil
    Deposits held in domestic offices: $70.4 mil
    Return on assets (ROA): 0.33% ($0.3 mil)
    Quarterly return on assets: 0.31% ($0.3 mil)
    Return on Equity (ROE): 3.56% ($0.3 mil)
    Quarterly return on equity: 3.27% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.23% ($193.6 mil)
    Quarterly Pretax return on assets: 0.31% ($260.9 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
  • 26Total employees (full-time equivalent)
  • $84,175Total assets
  • $18,576Cash and due from depository institutions
  • $14,632Interest-bearing balances
  • $1,982Securities
  • $10,600Federal funds sold & reverse repurchase agreements
  • $47,563Net loans & leases
  • $1,466Loan loss allowance
  • $0Trading account assets
  • $1,352Bank premises and fixed assets
  • $2,388Other real estate owned
  • $0Goodwill and other intangibles
  • $84,175Life insurance assets
  • $1,714All other assets
  • $76,350Total liabilities and capital
  • $70,414Total liabilities
  • $56,903Total deposits
  • $70,414Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,560Trading liabilities
  • $0Other borrowed funds
  • $376Subordinated debt
  • $7,825All other liabilities
  • $7,825Total equity capital
  • $7,825Total bank equity capital
  • $2,000Perpetual preferred stock
  • $10Common stock
  • $4,990Surplus
  • $825Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,225Income earned, not collected on loans
  • $0Earning assets
  • $217Long-term assets (5+ years)
  • $74,777Average Assets, year-to-date
  • $2,491Average Assets, quarterly
  • $84,322Volatile liabilities
  • $83,805Insider loans
  • $50,845FHLB advances
  • $83,435Loans and leases held for sale
  • $702Unused loan commitments
  • $702Tier 1 (core) risk-based capital
  • $7,806Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,158Restructured Loans and leases
  • $984Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,583Total interest income
  • $707Total interest expense
  • $2,876Net interest income
  • $0Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $45Service charges on deposit accounts
  • $0Trading account gains & fees
  • $132Additional noninterest income
  • $2,855Total noninterest expense
  • $1,333Salaries and employee benefits
  • $536Premises and equipment expense
  • $986Additional noninterest expense
  • $198Pre-tax net operating income
  • $0Securities gains (losses)
  • -$78Applicable income taxes
  • $276Income before extraordinary items
  • $0Extraordinary gains - net
  • $276Net income attributable to bank
  • $0Net charge-offs
  • $276Cash dividends
  • $198Sale, conversion, retirement of capital stock, net
  • $90Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 3.56%Return on equity (ROE)
  • 2.40%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 93,515Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.61%Loss allowance to loans
  • 2.99%Loss allowance to noncurrent loans
  • 65.89%Noncurrent assets plus other real estate owned to assets
  • 5.48%Noncurrent loans to loans
  • 4.54%Net loans and leases to deposits
  • 67.55%Net loans and leases to core deposits
  • 68.07%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 9.36%Tier 1 risk-based capital ratio
  • 15.35%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $84,322Average earning assets
  • $7,748Average equity
  • $75,474Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01296New Market Bank461 Main Street, Elko New Market, MN 55054June 10, 1905Full Service Brick and Mortar
    1190433Kendrick Branch11175 205th St W, Lakeville, MN 55044October 24, 1988Limited Service Facility
    2190434Lake Marion Branch20151 Icenic Trail, Lakeville, MN 55044December 22, 1995Full Service Brick and Mortar
    4465188Prior Lake Branch4719 Park Nicollet Ave Se Suite 100, Prior Lake, MN 55372May 08, 2007Full Service Brick and Mortar

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