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


State Bank of Kimball - Overview

  • General
  • FDIC Certificate #: 11415
    Status: Active
    Federal Reserve ID: 28152
    Bank Holding Company (Regulatory Top Holder): Cattail Bancshares, Inc. (RSSDID: 1133549, Location: Atwater, MN)
    Date Established: August 08, 1901
    WWW: http://www.statebankofkimball.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 9481
    FDIC's unique #: 7287
    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: 75 North Main Street, Kimball, MN 55353
    County: Stearns
    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): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.9 mil
    Equity capital: $7.1 mil
    Deposits held in domestic offices: $66.6 mil
    Return on assets (ROA): 1.60% ($1.2 mil)
    Quarterly return on assets: 1.18% ($0.9 mil)
    Return on Equity (ROE): 17.35% ($1.2 mil)
    Quarterly return on equity: 12.39% ($0.9 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.61% ($1,205.4 mil)
    Quarterly Pretax return on assets: 1.18% ($883.5 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
  • 19Total employees (full-time equivalent)
  • $74,872Total assets
  • $9,269Cash and due from depository institutions
  • $7,590Interest-bearing balances
  • $13,273Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,806Net loans & leases
  • $757Loan loss allowance
  • $0Trading account assets
  • $1,650Bank premises and fixed assets
  • $28Other real estate owned
  • $0Goodwill and other intangibles
  • $74,872Life insurance assets
  • $1,846All other assets
  • $67,816Total liabilities and capital
  • $66,624Total liabilities
  • $54,031Total deposits
  • $66,624Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $860Trading liabilities
  • $0Other borrowed funds
  • $332Subordinated debt
  • $7,056All other liabilities
  • $7,056Total equity capital
  • $7,056Total bank equity capital
  • $0Perpetual preferred stock
  • $75Common stock
  • $5,525Surplus
  • $1,456Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $499Income earned, not collected on loans
  • $0Earning assets
  • $265Long-term assets (5+ years)
  • $69,669Average Assets, year-to-date
  • $23,919Average Assets, quarterly
  • $73,991Volatile liabilities
  • $74,527Insider loans
  • $49,686FHLB advances
  • $74,609Loans and leases held for sale
  • $998Unused loan commitments
  • $998Tier 1 (core) risk-based capital
  • $6,878Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,281Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,366Total interest income
  • $581Total interest expense
  • $2,785Net interest income
  • $0Provision for loan and lease losses
  • $250Total noninterest income
  • $0Fiduciary activities
  • $118Service charges on deposit accounts
  • $0Trading account gains & fees
  • $132Additional noninterest income
  • $1,847Total noninterest expense
  • $1,291Salaries and employee benefits
  • $183Premises and equipment expense
  • $373Additional noninterest expense
  • $1,188Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $1,187Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,187Net income attributable to bank
  • $0Net charge-offs
  • $1,187Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $860Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 1.60%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 17.35%Return on equity (ROE)
  • 4.78%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 79.20%Efficiency ratio
  • 60,857Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.45%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 151.70%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 73.26%Net loans and leases to core deposits
  • 73.26%Equity capital to assets
  • 9.42%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 13.84%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $73,991Average earning assets
  • $6,842Average equity
  • $68,520Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07287State Bank Of Kimball75 North Main Street, Kimball, MN 55353August 08, 1901Full Service Brick and Mortar
    1224599St. Augusta Branch24952 County Road 7, St. Cloud, MN 56301Febuary 05, 1990Full Service Brick and Mortar

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