Kent State Bank in Kent, Minnesota (MN)
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 3 |
| Total assets | $7,120 |
| Cash and due from depository institutions | $2,065 |
| Interest-bearing balances | $1,186 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $800 |
| Net loans & leases | $3,584 |
| Loan loss allowance | $32 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $32 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $639 |
| Life insurance assets | $7,120 |
| Total liabilities and capital | $6,320 |
| Total liabilities | $6,319 |
| Total deposits | $4,270 |
| Interest-bearing deposits | $6,319 |
| Deposits held in domestic offices | $100 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1 |
| All other liabilities | $800 |
| Total equity capital | $800 |
| Total bank equity capital | $800 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $550 |
| Undivided profits | $150 |
| 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 | $0 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $82 |
| Average Assets, year-to-date | $5,570 |
| Average Assets, quarterly | $166 |
| Volatile liabilities | $7,140 |
| Insider loans | $7,277 |
| FHLB advances | $3,900 |
| Loans and leases held for sale | $7,003 |
| Unused loan commitments | $528 |
| Tier 1 (core) risk-based capital | $528 |
| Tier 2 risk-based capital | $800 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $988 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $244 |
| Total interest expense | $16 |
| Net interest income | $228 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $62 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $34 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $28 |
| Total noninterest expense | $283 |
| Salaries and employee benefits | $184 |
| Premises and equipment expense | $34 |
| Additional noninterest expense | $65 |
| Pre-tax net operating income | $7 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $7 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $7 |
| Net charge-offs | $0 |
| Cash dividends | $7 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.31% |
| Cost of funding earning assets | 0.28% |
| Net interest margin | 4.03% |
| Noninterest income to earning assets | 1.10% |
| Noninterest expense to earning assets | 5.00% |
| Net operating income to assets | 0.10% |
| Return on assets (ROA) | 0.10% |
| Pretax return on assets | 0.10% |
| Return on equity (ROE) | 0.88% |
| Retained earnings to average equity (YTD only) | 0.88% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $97,586 |
| Cash dividends to net income (YTD only) | 2.37% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.88% |
| Noncurrent assets plus other real estate owned to assets | 0.00% |
| Noncurrent loans to loans | 0.00% |
| Net loans and leases to deposits | 0.00% |
| Net loans and leases to core deposits | 56.72% |
| Equity capital to assets | 56.72% |
| Core capital (leverage) ratio | 11.24% |
| Tier 1 risk-based capital ratio | 11.42% |
| Total risk-based capital ratio | 20.51% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $7,140 |
| Average equity | $791 |
| Average loans | $5,658 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6224 | Kent State Bank | 202 Main St, Kent, MN 56553 | July 14, 1902 | Full Service Brick and Mortar |  |
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