Lake Community Bank in Long Lake, Minnesota (MN)
| Lake Community Bank | |
|---|---|
| General | FDIC Certificate #: 8193 Status: Active Federal Reserve ID: 30650 Bank Holding Company (Regulatory Top Holder): Tysan Corporation, The (RSSDID: 1125085, Location: Minneapolis, MN) Date Established: August 19, 1905 WWW: http://www.lcbankmn.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 #: 11639 FDIC's unique #: 5219 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 01, 2006 Last Structure Change Process Date: October 03, 2006 Last Data Update: October 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 1964 West Wayzata Boulevard, Long Lake, MN 55356 County: Hennepin 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 | Name Change |
| Financial Summary | Total assets: $143.5 mil Equity capital: $12.8 mil Deposits held in domestic offices: $110.6 mil Return on assets (ROA): -0.44% (-$0.6 mil) Quarterly return on assets: 2.19% ($3.1 mil) Return on Equity (ROE): -4.92% (-$0.6 mil) Quarterly return on equity: 24.94% ($3.2 mil) Net income: -$0.6 mil Quarterly Net income: $0.8 mil Pretax return on assets: -0.92% (-$1,319.9 mil) Quarterly Pretax return on assets: 0.26% ($373.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $143,469 |
| Cash and due from depository institutions | $9,324 |
| Interest-bearing balances | $4,075 |
| Securities | $37,690 |
| Federal funds sold & reverse repurchase agreements | $5,534 |
| Net loans & leases | $78,034 |
| Loan loss allowance | $2,730 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,754 |
| Other real estate owned | $4,174 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,959 |
| Life insurance assets | $143,470 |
| Total liabilities and capital | $130,627 |
| Total liabilities | $110,612 |
| Total deposits | $35,180 |
| Interest-bearing deposits | $110,612 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 676.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $19,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $339 |
| All other liabilities | $12,843 |
| Total equity capital | $12,843 |
| Total bank equity capital | $12,843 |
| Perpetual preferred stock | $0 |
| Common stock | $96 |
| Surplus | $14,145 |
| Undivided profits | $-1,398 |
| 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 | $5,023 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $471 |
| Average Assets, year-to-date | $125,333 |
| Average Assets, quarterly | $27,003 |
| Volatile liabilities | $143,283 |
| Insider loans | $142,109 |
| FHLB advances | $93,447 |
| Loans and leases held for sale | $139,414 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,910 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $6,123 |
| Derivatives | $178 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,145 |
| Total interest expense | $1,347 |
| Net interest income | $4,798 |
| Provision for loan and lease losses | $1,819 |
| Total noninterest income | $706 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $414 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $292 |
| Total noninterest expense | $5,001 |
| Salaries and employee benefits | $2,297 |
| Premises and equipment expense | $763 |
| Additional noninterest expense | $1,941 |
| Pre-tax net operating income | -$1,316 |
| Securities gains (losses) | $2 |
| Applicable income taxes | -$685 |
| Income before extraordinary items | -$629 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$629 |
| Net charge-offs | $0 |
| Cash dividends | -$629 |
| Sale, conversion, retirement of capital stock, net | $1,517 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.89% |
| Cost of funding earning assets | 1.07% |
| Net interest margin | 3.82% |
| Noninterest income to earning assets | 0.56% |
| Noninterest expense to earning assets | 3.98% |
| Net operating income to assets | -0.44% |
| Return on assets (ROA) | -0.44% |
| Pretax return on assets | -0.92% |
| Return on equity (ROE) | -4.92% |
| Retained earnings to average equity (YTD only) | -4.92% |
| Net charge-offs to loans | 1.74% |
| Credit loss provision to net charge-offs | 119.91% |
| Efficiency ratio | 0.33% |
| Assets per employee | $90,861 |
| Cash dividends to net income (YTD only) | 5.31% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.38% |
| Noncurrent assets plus other real estate owned to assets | 54.35% |
| Noncurrent loans to loans | 6.41% |
| Net loans and leases to deposits | 6.22% |
| Net loans and leases to core deposits | 70.55% |
| Equity capital to assets | 72.70% |
| Core capital (leverage) ratio | 8.95% |
| Tier 1 risk-based capital ratio | 8.54% |
| Total risk-based capital ratio | 12.75% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $143,283 |
| Average equity | $12,791 |
| Average loans | $125,671 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5219 | Lake Community Bank | 1964 West Wayzata Boulevard, Long Lake, MN 55356 | August 19, 1905 | Full Service Brick and Mortar |  |
| 1 | 466832 | Albertville Branch | 57th Street Ne, Albertville, MN 55301 | January 01, 2007 | Full Service Brick and Mortar |  |
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