The First National Bank of Cokato in Cokato, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Cokato - Overview

  • General
  • FDIC Certificate #: 5115
    Status: Active
    Federal Reserve ID: 280558
    Bank Holding Company (Regulatory Top Holder): Knoff Bancshares, Inc. (RSSDID: 1125320, Location: Cokato, MN)
    Date Established: November 02, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 3421
    Numeric code: 3
    Regulator: OCC
    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: No
    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: 365 South Broadway, 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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $37.4 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $33.8 mil
    Return on assets (ROA): 0.59% ($0.2 mil)
    Quarterly return on assets: 0.30% ($0.1 mil)
    Return on Equity (ROE): 5.89% ($0.2 mil)
    Quarterly return on equity: 3.04% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.59% ($220.4 mil)
    Quarterly Pretax return on assets: 0.30% ($112.1 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
  • 8Total employees (full-time equivalent)
  • $37,362Total assets
  • $9,268Cash and due from depository institutions
  • $7,466Interest-bearing balances
  • $8,889Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $18,700Net loans & leases
  • $185Loan loss allowance
  • $0Trading account assets
  • $286Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $37,362Life insurance assets
  • $219All other assets
  • $33,820Total liabilities and capital
  • $33,798Total liabilities
  • $21,656Total deposits
  • $33,798Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $22Subordinated debt
  • $3,542All other liabilities
  • $3,542Total equity capital
  • $3,542Total bank equity capital
  • $0Perpetual preferred stock
  • $88Common stock
  • $212Surplus
  • $3,242Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $143Income earned, not collected on loans
  • $0Earning assets
  • $140Long-term assets (5+ years)
  • $35,055Average Assets, year-to-date
  • $10,343Average Assets, quarterly
  • $34,291Volatile liabilities
  • $36,106Insider loans
  • $20,739FHLB advances
  • $35,542Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,368Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,512Restructured Loans and leases
  • $200Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,224Total interest income
  • $148Total interest expense
  • $1,076Net interest income
  • $52Provision for loan and lease losses
  • $241Total noninterest income
  • $0Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $1,131Total noninterest expense
  • $667Salaries and employee benefits
  • $92Premises and equipment expense
  • $372Additional noninterest expense
  • $134Pre-tax net operating income
  • $68Securities gains (losses)
  • $0Applicable income taxes
  • $202Income before extraordinary items
  • $0Extraordinary gains - net
  • $202Net income attributable to bank
  • $0Net charge-offs
  • $202Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $65Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 5.89%Return on equity (ROE)
  • 3.99%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 866.67%Credit loss provision to net charge-offs
  • 31.00%Efficiency ratio
  • 85,877Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.18%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 129.37%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 55.33%Net loans and leases to core deposits
  • 58.54%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 16.24%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $34,291Average earning assets
  • $3,431Average equity
  • $32,243Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03421The First National Bank Of Cokato365 South Broadway, Cokato, MN 55321November 02, 1916Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Cokato.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents