State Bank of Cokato in Cokato, Minnesota (MN)
| State Bank of Cokato | |
|---|---|
| General | FDIC Certificate #: 8185 Status: Active Federal Reserve ID: 115155 Bank Holding Company (Regulatory Top Holder): State Bank Of Cokato Employee Stock Ownership Plan & Trust Ii (RSSDID: 2561868, Location: Cokato, MN) Date Established: March 02, 1892 WWW: http://www.statebankcokato.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 5211 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: July 10, 2007 Last Structure Change Process Date: July 11, 2007 Last Data Update: July 11, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 101 East Third Street, Cokato, MN 55321 County: Wright 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: $53.0 mil Equity capital: $2.7 mil Deposits held in domestic offices: $50.3 mil Return on assets (ROA): -0.66% (-$0.3 mil) Quarterly return on assets: -0.82% (-$0.4 mil) Return on Equity (ROE): -12.74% (-$0.4 mil) Quarterly return on equity: -15.85% (-$0.5 mil) Net income: -$0.4 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.66% (-$350.1 mil) Quarterly Pretax return on assets: -0.82% (-$435.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 15 |
| Total assets | $53,046 |
| Cash and due from depository institutions | $3,992 |
| Interest-bearing balances | $2,968 |
| Securities | $4,173 |
| Federal funds sold & reverse repurchase agreements | $7,900 |
| Net loans & leases | $30,149 |
| Loan loss allowance | $705 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $971 |
| Other real estate owned | $4,249 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,612 |
| Life insurance assets | $53,046 |
| Total liabilities and capital | $50,393 |
| Total liabilities | $50,336 |
| Total deposits | $41,457 |
| Interest-bearing deposits | $50,336 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $57 |
| All other liabilities | $2,653 |
| Total equity capital | $2,653 |
| Total bank equity capital | $2,653 |
| Perpetual preferred stock | $0 |
| Common stock | $120 |
| Surplus | $5,570 |
| Undivided profits | $-3,037 |
| 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 | $1,586 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $195 |
| Average Assets, year-to-date | $45,190 |
| Average Assets, quarterly | $5,479 |
| Volatile liabilities | $53,906 |
| Insider loans | $52,435 |
| FHLB advances | $36,756 |
| Loans and leases held for sale | $52,703 |
| Unused loan commitments | $932 |
| Tier 1 (core) risk-based capital | $932 |
| Tier 2 risk-based capital | $2,689 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,132 |
| Derivatives | $40 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,176 |
| Total interest expense | $574 |
| Net interest income | $1,602 |
| Provision for loan and lease losses | $80 |
| Total noninterest income | $125 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $126 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$1 |
| Total noninterest expense | $2,202 |
| Salaries and employee benefits | $872 |
| Premises and equipment expense | $201 |
| Additional noninterest expense | $1,129 |
| Pre-tax net operating income | -$555 |
| Securities gains (losses) | $199 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$356 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$356 |
| Net charge-offs | $0 |
| Cash dividends | -$356 |
| Sale, conversion, retirement of capital stock, net | $209 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.74% |
| Cost of funding earning assets | 1.25% |
| Net interest margin | 3.49% |
| Noninterest income to earning assets | 0.27% |
| Noninterest expense to earning assets | 4.80% |
| Net operating income to assets | -1.03% |
| Return on assets (ROA) | -0.66% |
| Pretax return on assets | -0.66% |
| Return on equity (ROE) | -12.74% |
| Retained earnings to average equity (YTD only) | -12.74% |
| Net charge-offs to loans | 0.62% |
| Credit loss provision to net charge-offs | 38.28% |
| Efficiency ratio | -2.27% |
| Assets per employee | $127,504 |
| Cash dividends to net income (YTD only) | 3.54% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.28% |
| Noncurrent assets plus other real estate owned to assets | 44.45% |
| Noncurrent loans to loans | 11.00% |
| Net loans and leases to deposits | 5.14% |
| Net loans and leases to core deposits | 59.90% |
| Equity capital to assets | 59.90% |
| Core capital (leverage) ratio | 5.00% |
| Tier 1 risk-based capital ratio | 5.10% |
| Total risk-based capital ratio | 7.32% |
| Memoranda | |
| Average assets | $9 |
| Average earning assets | $53,906 |
| Average equity | $2,794 |
| Average loans | $45,888 |
| 3 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5211 | State Bank Of Cokato | 101 East Third Street, Cokato, MN 55321 | March 02, 1892 | Full Service Brick and Mortar |  |
| 1 | 462013 | Edgewood Gables Branch | 600 3rd Street, Cokato, MN 55321 | April 03, 2007 |  | |
| 2 | 487511 | Cokato Manor Branch | 182 Sunset Avenue, Cokato, MN 55321 | December 09, 2008 | | |
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