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

State Bank of Cokato - Overview

  • General
  • FDIC Certificate #: 8185
    Status: Active
    Federal Reserve ID: 115155
    Bank Holding Company (Regulatory Top Holder): State Bank Of Cokato Employee Stock Ownership Plan & Trust Ii (RSSDID: 2561868, Location: Cokato, MN)
    Date Established: March 02, 1892
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 5211
    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: July 10, 2007
    Last Structure Change Process Date: July 11, 2007
    Last Data Update: July 11, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East Third Street, Cokato, MN 55321
    County: Wright
    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: $53.0 mil
    Equity capital: $2.7 mil
    Deposits held in domestic offices: $50.3 mil
    Return on assets (ROA): -0.66% (-$0.3 mil)
    Quarterly return on assets: -0.82% (-$0.4 mil)
    Return on Equity (ROE): -12.74% (-$0.4 mil)
    Quarterly return on equity: -15.85% (-$0.5 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.66% (-$350.1 mil)
    Quarterly Pretax return on assets: -0.82% (-$435.0 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
  • 15Total employees (full-time equivalent)
  • $53,046Total assets
  • $3,992Cash and due from depository institutions
  • $2,968Interest-bearing balances
  • $4,173Securities
  • $7,900Federal funds sold & reverse repurchase agreements
  • $30,149Net loans & leases
  • $705Loan loss allowance
  • $0Trading account assets
  • $971Bank premises and fixed assets
  • $4,249Other real estate owned
  • $0Goodwill and other intangibles
  • $53,046Life insurance assets
  • $1,612All other assets
  • $50,393Total liabilities and capital
  • $50,336Total liabilities
  • $41,457Total deposits
  • $50,336Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $57Subordinated debt
  • $2,653All other liabilities
  • $2,653Total equity capital
  • $2,653Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $5,570Surplus
  • $-3,037Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,586Income earned, not collected on loans
  • $0Earning assets
  • $195Long-term assets (5+ years)
  • $45,190Average Assets, year-to-date
  • $5,479Average Assets, quarterly
  • $53,906Volatile liabilities
  • $52,435Insider loans
  • $36,756FHLB advances
  • $52,703Loans and leases held for sale
  • $932Unused loan commitments
  • $932Tier 1 (core) risk-based capital
  • $2,689Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,132Restructured Loans and leases
  • $40Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,176Total interest income
  • $574Total interest expense
  • $1,602Net interest income
  • $80Provision for loan and lease losses
  • $125Total noninterest income
  • $0Fiduciary activities
  • $126Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1Additional noninterest income
  • $2,202Total noninterest expense
  • $872Salaries and employee benefits
  • $201Premises and equipment expense
  • $1,129Additional noninterest expense
  • -$555Pre-tax net operating income
  • $199Securities gains (losses)
  • $0Applicable income taxes
  • -$356Income before extraordinary items
  • $0Extraordinary gains - net
  • -$356Net income attributable to bank
  • $0Net charge-offs
  • -$356Cash dividends
  • $209Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 4.80%Noninterest expense to earning assets
  • -1.03%Net operating income to assets
  • -0.66%Return on assets (ROA)
  • -0.66%Pretax return on assets
  • -12.74%Return on equity (ROE)
  • -12.74%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 38.28%Credit loss provision to net charge-offs
  • -2.27%Efficiency ratio
  • 127,504Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 44.45%Noncurrent assets plus other real estate owned to assets
  • 11.00%Noncurrent loans to loans
  • 5.14%Net loans and leases to deposits
  • 59.90%Net loans and leases to core deposits
  • 59.90%Equity capital to assets
  • 5.00%Core capital (leverage) ratio
  • 5.10%Tier 1 risk-based capital ratio
  • 7.32%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $53,906Average earning assets
  • $2,794Average equity
  • $45,888Average loans

List of branches

  • 3 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05211State Bank Of Cokato101 East Third Street, Cokato, MN 55321March 02, 1892Full Service Brick and Mortar
    1462013Edgewood Gables Branch600 3rd Street, Cokato, MN 55321April 03, 2007
    2487511Cokato Manor Branch182 Sunset Avenue, Cokato, MN 55321December 09, 2008

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