Key Community Bank in Inver Grove Heights, Minnesota (MN)
| Key Community Bank | |
|---|---|
| General | FDIC Certificate #: 34644 Status: Active Federal Reserve ID: 2610784 Bank Holding Company (Regulatory Top Holder): Inver Grove Bancshares, Inc. (RSSDID: 2610766, Location: Inver Grove Heights, MN) Date Established: May 20, 1998 WWW: http://www.keycommunitybank.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 #: 15625 FDIC's unique #: 61021 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: May 20, 1998 Last Structure Change Effective Date: Febuary 29, 2012 Last Structure Change Process Date: Febuary 29, 2012 Last Data Update: Febuary 29, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 5684 Bishop Avenue, Inver Grove Heights, MN 55076 County: Dakota 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) |
| Financial Summary | Total assets: $60.3 mil Equity capital: $4.9 mil Deposits held in domestic offices: $46.7 mil Return on assets (ROA): -2.00% (-$1.2 mil) Quarterly return on assets: -4.73% (-$2.8 mil) Return on Equity (ROE): -21.56% (-$1.1 mil) Quarterly return on equity: -55.41% (-$2.8 mil) Net income: -$1.2 mil Quarterly Net income: -$0.7 mil Pretax return on assets: -2.00% (-$1,206.9 mil) Quarterly Pretax return on assets: -4.73% (-$2,854.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $60,345 |
| Cash and due from depository institutions | $8,685 |
| Interest-bearing balances | $7,834 |
| Securities | $10,782 |
| Federal funds sold & reverse repurchase agreements | $50 |
| Net loans & leases | $38,218 |
| Loan loss allowance | $1,009 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,468 |
| Other real estate owned | $469 |
| Goodwill and other intangibles | $0 |
| All other assets | $673 |
| Life insurance assets | $60,345 |
| Total liabilities and capital | $55,456 |
| Total liabilities | $46,673 |
| Total deposits | $35,394 |
| Interest-bearing deposits | $46,673 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 6118.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $165 |
| All other liabilities | $4,889 |
| Total equity capital | $4,889 |
| Total bank equity capital | $4,889 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $5,041 |
| Undivided profits | $-252 |
| 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 | $4,714 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $190 |
| Average Assets, year-to-date | $56,884 |
| Average Assets, quarterly | $594 |
| Volatile liabilities | $60,918 |
| Insider loans | $61,605 |
| FHLB advances | $42,456 |
| Loans and leases held for sale | $62,308 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $4,841 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,492 |
| Derivatives | $3 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,762 |
| Total interest expense | $397 |
| Net interest income | $2,365 |
| Provision for loan and lease losses | $1,135 |
| Total noninterest income | -$94 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $162 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$256 |
| Total noninterest expense | $2,354 |
| Salaries and employee benefits | $1,531 |
| Premises and equipment expense | $283 |
| Additional noninterest expense | $540 |
| Pre-tax net operating income | -$1,218 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$1,218 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,218 |
| Net charge-offs | $0 |
| Cash dividends | -$1,218 |
| Sale, conversion, retirement of capital stock, net | $863 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.98% |
| Cost of funding earning assets | 0.72% |
| Net interest margin | 4.26% |
| Noninterest income to earning assets | -0.17% |
| Noninterest expense to earning assets | 4.24% |
| Net operating income to assets | -2.00% |
| Return on assets (ROA) | -2.00% |
| Pretax return on assets | -2.00% |
| Return on equity (ROE) | -21.56% |
| Retained earnings to average equity (YTD only) | -21.56% |
| Net charge-offs to loans | 2.07% |
| Credit loss provision to net charge-offs | 131.52% |
| Efficiency ratio | -0.10% |
| Assets per employee | $103,655 |
| Cash dividends to net income (YTD only) | 3.77% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.57% |
| Noncurrent assets plus other real estate owned to assets | 21.40% |
| Noncurrent loans to loans | 8.59% |
| Net loans and leases to deposits | 12.02% |
| Net loans and leases to core deposits | 81.88% |
| Equity capital to assets | 82.33% |
| Core capital (leverage) ratio | 8.10% |
| Tier 1 risk-based capital ratio | 7.77% |
| Total risk-based capital ratio | 11.40% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $60,918 |
| Average equity | $5,649 |
| Average loans | $55,516 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 61021 | Key Community Bank | 5684 Bishop Avenue, Inver Grove Heights, MN 55076 | May 20, 1998 | Full Service Brick and Mortar |  |
| 1 | 441147 | Key Community Bank - South St. Paul | 515 Marie Avenue, South Saint Paul, MN 55075 | June 24, 2005 | Full Service Brick and Mortar |  |
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