KleinBank in Big Lake, Minnesota (MN)
| KleinBank | |
|---|---|
| General | FDIC Certificate #: 1414 Status: Active Federal Reserve ID: 303550 Bank Holding Company (Regulatory Top Holder): Klein Financial, Inc. (RSSDID: 1123915, Location: Chaska, MN) Date Established: January 01, 1925 WWW: http://www.kleinbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 22 (Domestic: 22, Interstate: No) FDIC's unique #: 934 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: January 01, 1934 Last Structure Change Effective Date: November 22, 2010 Last Structure Change Process Date: November 22, 2010 Last Data Update: November 22, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 611 Rose Drive, Big Lake, MN 55309 County: Sherburne 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: $1,504.4 mil Equity capital: $172.0 mil Deposits held in domestic offices: $1,255.9 mil Return on assets (ROA): 0.64% ($9.6 mil) Quarterly return on assets: 0.75% ($11.3 mil) Return on Equity (ROE): 5.94% ($10.2 mil) Quarterly return on equity: 6.61% ($11.4 mil) Net income: $9.5 mil Quarterly Net income: $2.8 mil Pretax return on assets: 0.64% ($9,628.3 mil) Quarterly Pretax return on assets: 0.75% ($11,283.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 391 |
| Total assets | $1,504,419 |
| Cash and due from depository institutions | $47,809 |
| Interest-bearing balances | $12,240 |
| Securities | $578,164 |
| Federal funds sold & reverse repurchase agreements | $7,089 |
| Net loans & leases | $747,436 |
| Loan loss allowance | $17,067 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $39,558 |
| Other real estate owned | $18,295 |
| Goodwill and other intangibles | $25,131 |
| All other assets | $40,937 |
| Life insurance assets | $1,504,419 |
| Total liabilities and capital | $1,332,447 |
| Total liabilities | $1,255,890 |
| Total deposits | $1,021,264 |
| Interest-bearing deposits | $1,255,890 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 23954.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $29,583 |
| Other borrowed funds | $0 |
| Subordinated debt | $23,020 |
| All other liabilities | $171,972 |
| Total equity capital | $171,972 |
| Total bank equity capital | $171,972 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $115,307 |
| Undivided profits | $56,465 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $7,612 |
| Income earned, not collected on loans | $19,034 |
| Earning assets | $719 |
| Long-term assets (5+ years) | $6,924 |
| Average Assets, year-to-date | $1,344,929 |
| Average Assets, quarterly | $498,937 |
| Volatile liabilities | $1,491,036 |
| Insider loans | $1,505,648 |
| FHLB advances | $940,395 |
| Loans and leases held for sale | $1,513,453 |
| Unused loan commitments | $26,391 |
| Tier 1 (core) risk-based capital | $1,912 |
| Tier 2 risk-based capital | $130,546 |
| Total risk weighted assets | $24,479 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $207,556 |
| Derivatives | $1,934 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $61,829 |
| Total interest expense | $8,174 |
| Net interest income | $53,655 |
| Provision for loan and lease losses | $8,344 |
| Total noninterest income | $18,072 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $5,018 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $13,054 |
| Total noninterest expense | $54,908 |
| Salaries and employee benefits | $32,020 |
| Premises and equipment expense | $6,729 |
| Additional noninterest expense | $16,159 |
| Pre-tax net operating income | $8,475 |
| Securities gains (losses) | $1,047 |
| Applicable income taxes | $29 |
| Income before extraordinary items | $9,493 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $9,493 |
| Net charge-offs | $0 |
| Cash dividends | $9,493 |
| Sale, conversion, retirement of capital stock, net | $8,931 |
| Net operating income | $1,521 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.64% |
| Cost of funding earning assets | 0.61% |
| Net interest margin | 4.02% |
| Noninterest income to earning assets | 1.35% |
| Noninterest expense to earning assets | 4.12% |
| Net operating income to assets | 0.57% |
| Return on assets (ROA) | 0.64% |
| Pretax return on assets | 0.64% |
| Return on equity (ROE) | 5.94% |
| Retained earnings to average equity (YTD only) | 4.99% |
| Net charge-offs to loans | 1.08% |
| Credit loss provision to net charge-offs | 93.43% |
| Efficiency ratio | 1.88% |
| Assets per employee | $75,718 |
| Cash dividends to net income (YTD only) | 3.85% |
| Condition Ratios (%) | |
| Loss allowance to loans | 16.02% |
| Loss allowance to noncurrent loans | 2.23% |
| Noncurrent assets plus other real estate owned to assets | 89.67% |
| Noncurrent loans to loans | 2.48% |
| Net loans and leases to deposits | 2.49% |
| Net loans and leases to core deposits | 59.51% |
| Equity capital to assets | 62.22% |
| Core capital (leverage) ratio | 11.43% |
| Tier 1 risk-based capital ratio | 8.63% |
| Total risk-based capital ratio | 13.88% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $1,491,036 |
| Average equity | $159,689 |
| Average loans | $1,333,776 |
| 22 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 934 | Kleinbank | 611 Rose Drive, Big Lake, MN 55309 | January 01, 1925 | Full Service Brick and Mortar |  |
| 1 | 189475 | Kleinbank - Coon Rapids | 3251 Northdale Blvd, Nw, Coon Rapids, MN 55448 | July 20, 1993 | Full Service Brick and Mortar |  |
| 2 | 366306 | Maple Grove Branch | 11850 Fountains Way, Maple Grove, MN 55369 | Febuary 24, 2003 | Full Service Brick and Mortar | |
| 3 | 15335 | Victoria Branch | 1630 Arboretum Blvd, Victoria, MN 55386 | January 01, 1911 | Full Service Brick and Mortar | |
| 4 | 1279 | Chanhassen Branch | 600 West 78th Street, Chanhassen, MN 55317 | June 10, 1919 | Full Service Brick and Mortar | |
| 5 | 3418 | Chaska Branch | 301 Chestnut Street, Chaska, MN 55318 | September 01, 1906 | Full Service Brick and Mortar | |
| 6 | 207109 | Chaska Commons Branch | 120 Pioneer Trail, Chaska, MN 55318 | June 26, 1997 | Full Service Brick and Mortar | |
| 7 | 207110 | Shakopee Branch | 1407 Vierling Drive, Shakopee, MN 55379 | July 06, 1998 | Full Service Brick and Mortar | |
| 8 | 3499 | Montevideo Branch | 101 South First Street, Montevideo, MN 56265 | June 15, 1927 | Full Service Brick and Mortar | |
| 9 | 207364 | Montevideo Hwy Drive Up Branch | 630 North 12th Street, Montevideo, MN 56265 | March 13, 1978 | Full Service Brick and Mortar | |
| 10 | 13313 | Young America Branch | 800 Faxon Road, Norwood Young America, MN 55397 | July 01, 1900 | Full Service Brick and Mortar | |
| 11 | 9363 | Buffalo Downtown Branch | 15 Division Street, Buffalo, MN 55313 | December 15, 1886 | Full Service Brick and Mortar | |
| 12 | 232552 | Buffalo Hwy Branch | 910 Commercial Drive, Buffalo, MN 55313 | April 05, 1982 | Full Service Brick and Mortar | |
| 13 | 3538 | Waconia Branch | 53 West Main Street, Waconia, MN 55387 | January 01, 1919 | Full Service Brick and Mortar | |
| 14 | 207409 | St. Bonifacius Branch | 8900 State Hwy 7, St. Bonifacius, MN 55375 | November 15, 1977 | Full Service Brick and Mortar | |
| 15 | 13369 | Cologne Branch | 210 Paul Avenue North, Cologne, MN 55322 | January 01, 1903 | Full Service Brick and Mortar | |
| 16 | 3479 | Madison Branch | 222 6th Avenue, Madison, MN 56256 | July 03, 1931 | Full Service Brick and Mortar | |
| 17 | 207283 | Madison Lutheran Home Branch | 900 2nd Avenue, Madison, MN 56256 | November 18, 1999 | Limited Service Mobile | |
| 20 | 362992 | Burnsville Branch | 3000 County Road, 42 West, Burnsville, MN 55337 | January 28, 2002 | Full Service Brick and Mortar | |
| 21 | 5647 | Savage Branch | 14141 Glendale Road, Savage, MN 55378 | September 04, 1906 | Full Service Brick and Mortar | |
| 22 | 488172 | Kleinbank - Otsego | 15751 87th Street Ne, Otsego, MN 55330 | Febuary 16, 2009 | Full Service Brick and Mortar | |
| 23 | 356928 | Community Bank Plymouth Branch | 3455 Plymouth Boulevard, Plymouth, MN 55447 | November 13, 2000 | Full Service Brick and Mortar | |
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