State Bank of Chanhassen in Chanhassen, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 2005

  • State Bank of Chanhassen in Chanhassen, Minnesota (MN)
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State Bank of Chanhassen - Overview

  • General
  • FDIC Certificate #: 1914
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: KleinBank (#1414)
    Federal Reserve ID: 310053
    Date Established: June 10, 1919
    WWW: http://www.kleinet.comchanhassen/
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 1279
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 02, 2005
    Last Structure Change Process Date: April 21, 2005
    Last Data Update: April 21, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 West 78th Street, Chanhassen, MN 55317
    County: Carver
    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: $139.2 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, 2004)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $139,331Total assets
  • $6,651Cash and due from depository institutions
  • $1,021Interest-bearing balances
  • $48,733Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,939Net loans & leases
  • $1,011Loan loss allowance
  • $0Trading account assets
  • $2,821Bank premises and fixed assets
  • $0Other real estate owned
  • $1,406Goodwill and other intangibles
  • $0Life insurance assets
  • $2,781All other assets
  • $139,331Total liabilities and capital
  • $126,049Total liabilities
  • $116,139Total deposits
  • $68,722Interest-bearing deposits
  • $116,139Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,042Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $372Other borrowed funds
  • $0Subordinated debt
  • $496All other liabilities
  • $13,282Total equity capital
  • $13,282Total bank equity capital
  • $13,282Perpetual preferred stock
  • $0Common stock
  • $107Surplus
  • $12,405Undivided profits
  • Memoranda
  • $770Noncurrent loans and leases
  • $31,715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $40Earning assets
  • $0Long-term assets (5+ years)
  • $582Average Assets, year-to-date
  • $126,693Average Assets, quarterly
  • $18,505Volatile liabilities
  • $121,310Insider loans
  • $137,270FHLB advances
  • $14,249Loans and leases held for sale
  • $98Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $736Total risk weighted assets
  • $31,715Total unused commitments
  • $0Restructured Loans and leases
  • $1,011Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $5,178Total interest income
  • $773Total interest expense
  • $4,405Net interest income
  • $240Provision for loan and lease losses
  • $1,304Total noninterest income
  • $0Fiduciary activities
  • $501Service charges on deposit accounts
  • $0Trading account gains & fees
  • $803Additional noninterest income
  • $4,056Total noninterest expense
  • $2,117Salaries and employee benefits
  • $500Premises and equipment expense
  • $1,439Additional noninterest expense
  • $1,413Pre-tax net operating income
  • $3Securities gains (losses)
  • $31Applicable income taxes
  • $1,385Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,385Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $649Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 3.64%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 10.60%Return on equity (ROE)
  • 5.63%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 585.37%Credit loss provision to net charge-offs
  • 40.32%Efficiency ratio
  • 71,046Assets per employee
  • 6.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.86%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 2527.50%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 66.25%Net loans and leases to core deposits
  • 69.13%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 11.33%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $121,310Average earning assets
  • $13,068Average equity
  • $111,432Average loans

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