The First National Bank of Cokato in Cokato, Minnesota (MN)
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| The First National Bank of Cokato | |
|---|---|
| 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 WWW: http://www.fnbcokato.com 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 8 |
| Total assets | $37,362 |
| Cash and due from depository institutions | $9,268 |
| Interest-bearing balances | $7,466 |
| Securities | $8,889 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $18,700 |
| Loan loss allowance | $185 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $286 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $219 |
| Life insurance assets | $37,362 |
| Total liabilities and capital | $33,820 |
| Total liabilities | $33,798 |
| Total deposits | $21,656 |
| Interest-bearing deposits | $33,798 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $22 |
| All other liabilities | $3,542 |
| Total equity capital | $3,542 |
| Total bank equity capital | $3,542 |
| Perpetual preferred stock | $0 |
| Common stock | $88 |
| Surplus | $212 |
| Undivided profits | $3,242 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $143 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $140 |
| Average Assets, year-to-date | $35,055 |
| Average Assets, quarterly | $10,343 |
| Volatile liabilities | $34,291 |
| Insider loans | $36,106 |
| FHLB advances | $20,739 |
| Loans and leases held for sale | $35,542 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,368 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,512 |
| Derivatives | $200 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,224 |
| Total interest expense | $148 |
| Net interest income | $1,076 |
| Provision for loan and lease losses | $52 |
| Total noninterest income | $241 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $175 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $66 |
| Total noninterest expense | $1,131 |
| Salaries and employee benefits | $667 |
| Premises and equipment expense | $92 |
| Additional noninterest expense | $372 |
| Pre-tax net operating income | $134 |
| Securities gains (losses) | $68 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $202 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $202 |
| Net charge-offs | $0 |
| Cash dividends | $202 |
| Sale, conversion, retirement of capital stock, net | $6 |
| Net operating income | $65 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.80% |
| Cost of funding earning assets | 0.46% |
| Net interest margin | 3.34% |
| Noninterest income to earning assets | 0.75% |
| Noninterest expense to earning assets | 3.51% |
| Net operating income to assets | 0.39% |
| Return on assets (ROA) | 0.59% |
| Pretax return on assets | 0.59% |
| Return on equity (ROE) | 5.89% |
| Retained earnings to average equity (YTD only) | 3.99% |
| Net charge-offs to loans | 0.04% |
| Credit loss provision to net charge-offs | 866.67% |
| Efficiency ratio | 31.00% |
| Assets per employee | $85,877 |
| Cash dividends to net income (YTD only) | 4.67% |
| Condition Ratios (%) | |
| Loss allowance to loans | 32.18% |
| Loss allowance to noncurrent loans | 0.98% |
| Noncurrent assets plus other real estate owned to assets | 129.37% |
| Noncurrent loans to loans | 0.38% |
| Net loans and leases to deposits | 0.76% |
| Net loans and leases to core deposits | 55.33% |
| Equity capital to assets | 58.54% |
| Core capital (leverage) ratio | 9.48% |
| Tier 1 risk-based capital ratio | 9.48% |
| Total risk-based capital ratio | 16.24% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $34,291 |
| Average equity | $3,431 |
| Average loans | $32,243 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 3421 | The First National Bank Of Cokato | 365 South Broadway, Cokato, MN 55321 | November 02, 1916 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.