White Rock Bank in Cannon Falls, Minnesota (MN)



Show street view No street view available for this location

White Rock Bank routing number info

Table of contents:
White Rock Bank
GeneralFDIC Certificate #: 10168
Status: Active
Federal Reserve ID: 217059
Bank Holding Company (Regulatory Top Holder): 215 Holding Co. (RSSDID: 1247576, Location: Minneapolis, MN)
Date Established: June 21, 1915
WWW: http://www.whiterockbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 15781
FDIC's unique #: 6509
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 31377 County 24 Boulevard, Cannon Falls, MN 55009
County: Goodhue
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
Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
Core Based Statistical Area (CBSA): Red Wing, MN (#39860)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $140.5 mil
Equity capital: $16.3 mil
Deposits held in domestic offices: $122.0 mil
Return on assets (ROA): 2.48% ($3.5 mil)
Quarterly return on assets: 3.98% ($5.6 mil)
Return on Equity (ROE): 25.33% ($4.1 mil)
Quarterly return on equity: 36.21% ($5.8 mil)
Net income: $3.3 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 2.49% ($3,498.5 mil)
Quarterly Pretax return on assets: 3.98% ($5,591.9 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)
Total employees (full-time equivalent)44
Total assets$140,501
Cash and due from depository institutions$10,322
Interest-bearing balances$6,159
Securities$27,906
Federal funds sold & reverse repurchase agreements$3,460
Net loans & leases$90,376
Loan loss allowance $574
Trading account assets$174
Bank premises and fixed assets$4,036
Other real estate owned$1,097
Goodwill and other intangibles$317
All other assets$2,813
Life insurance assets$140,501
Total liabilities and capital$124,156
Total liabilities$121,968
Total deposits$98,323
Interest-bearing deposits$121,968
Deposits held in domestic offices$91
% insured (estimated)1434.00%
Federal funds purchased & repurchase agreements $174
Trading liabilities$23
Other borrowed funds $0
Subordinated debt $557
All other liabilities $16,345
Total equity capital$16,345
Total bank equity capital$16,345
Perpetual preferred stock$0
Common stock$2,458
Surplus$7,225
Undivided profits $6,662
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $872
Income earned, not collected on loans $1,579
Earning assets $0
Long-term assets (5+ years) $690
Average Assets, year-to-date $128,075
Average Assets, quarterly $16,910
Volatile liabilities $134,547
Insider loans $137,843
FHLB advances $101,644
Loans and leases held for sale $137,679
Unused loan commitments $1,347
Tier 1 (core) risk-based capital $1,347
Tier 2 risk-based capital $15,528
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $23,023
Derivatives$1
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,885
Total interest expense $277
Net interest income $7,608
Provision for loan and lease losses $525
Total noninterest income $1,195
Fiduciary activities $0
Service charges on deposit accounts $517
Trading account gains & fees $0
Additional noninterest income $678
Total noninterest expense $4,934
Salaries and employee benefits $2,425
Premises and equipment expense $454
Additional noninterest expense $2,055
Pre-tax net operating income $3,344
Securities gains (losses) $0
Applicable income taxes $1
Income before extraordinary items $3,343
Extraordinary gains - net $0
Net income attributable to bank $3,343
Net charge-offs $0
Cash dividends $3,343
Sale, conversion, retirement of capital stock, net -$6
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.47%
Cost of funding earning assets 0.23%
Net interest margin 6.25%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 4.05%
Net operating income to assets 2.48%
Return on assets (ROA) 2.48%
Pretax return on assets 2.49%
Return on equity (ROE) 25.33%
Retained earnings to average equity (YTD only) 25.33%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -8750.00%
Efficiency ratio0.00%
Assets per employee$55,288
Cash dividends to net income (YTD only)3.19%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.63%
Noncurrent assets plus other real estate owned to assets 36.35%
Noncurrent loans to loans 1.90%
Net loans and leases to deposits1.74%
Net loans and leases to core deposits 74.10%
Equity capital to assets 79.77%
Core capital (leverage) ratio 11.63%
Tier 1 risk-based capital ratio 11.28%
Total risk-based capital ratio 15.28%
Memoranda
Average assets$16
Average earning assets$134,547
Average equity $13,197
Average loans $121,791
Back to page top, Back to table top

7 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06509White Rock Bank31377 County 24 Boulevard, Cannon Falls, MN 55009June 21, 1915Full Service Brick and Mortar
1221983White Rock Branch13313 County 1 Blvd, Cannon Falls, MN 55009May 29, 1991Full Service Brick and Mortar
26780Goodhue Branch202 3rd Avenue, Goodhue, MN 55027January 01, 1914Full Service Brick and Mortar
3222759Bellchester Branch601 1st Street, Bellchester, MN 55027Febuary 02, 1981Limited Service Facility
4362283Cannon Falls Econo Foods Branch425 Main Street, Cannon Falls, MN 55009August 27, 2001Full Service Brick and Mortar
5419164Red Wing Downtown Branch203 East Avenue, Red Wing, MN 55066May 14, 2003Limited Service Facility
6424309North Service Drive Branch3141 North Service Drive, Red Wing, MN 55066December 23, 2003Full Service Brick and Mortar
Back to page top

User Contributions:

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

CAPTCHA


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