Concorde Bank in city_name, state_name - Detailed Financial Reports, Location

Concorde Bank in Blomkest, Minnesota (MN)
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Concorde Bank routing number info

Concorde Bank - Overview

General
FDIC Certificate #: 9727
Status: Active
Federal Reserve ID: 273653
Bank Holding Company (Regulatory Top Holder): Matson Financial, Inc. (RSSDID: 2623551, Location: Blomkest, MN)
Date Established: January 01, 1910
WWW: http://www.concordebanks.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)
FDIC's unique #: 6219
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 16 S.W. Main Street, Blomkest, MN 56216
County: Kandiyohi
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Mankato
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Willmar, MN (#48820)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $53.0 mil
Equity capital: $4.1 mil
Deposits held in domestic offices: $48.8 mil
Return on assets (ROA): 0.38% ($0.2 mil)
Quarterly return on assets: 0.24% ($0.1 mil)
Return on Equity (ROE): 4.91% ($0.2 mil)
Quarterly return on equity: 3.04% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.38% ($201.6 mil)
Quarterly Pretax return on assets: 0.24% ($127.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
15Total employees (full-time equivalent)
$53,044Total assets
$12,513Cash and due from depository institutions
$3,231Interest-bearing balances
$8,285Securities
$0Federal funds sold & reverse repurchase agreements
$30,055Net loans & leases
$738Loan loss allowance
$0Trading account assets
$1,297Bank premises and fixed assets
$322Other real estate owned
$0Goodwill and other intangibles
$53,044Life insurance assets
$572All other assets
$48,956Total liabilities and capital
$48,828Total liabilities
$38,263Total deposits
$48,828Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$128Subordinated debt
$4,088All other liabilities
$4,088Total equity capital
$4,088Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$2,850Surplus
$1,088Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$602Income earned, not collected on loans
$0Earning assets
$234Long-term assets (5+ years)
$41,571Average Assets, year-to-date
$14,154Average Assets, quarterly
$51,533Volatile liabilities
$51,699Insider loans
$35,036FHLB advances
$50,442Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,016Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,854Restructured Loans and leases
$209Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,123Total interest income
$411Total interest expense
$1,712Net interest income
$90Provision for loan and lease losses
$131Total noninterest income
$0Fiduciary activities
$124Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$1,555Total noninterest expense
$846Salaries and employee benefits
$252Premises and equipment expense
$457Additional noninterest expense
$198Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$197Income before extraordinary items
$0Extraordinary gains - net
$197Net income attributable to bank
$0Net charge-offs
$197Cash dividends
$121Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.02%Cost of funding earning assets
4.24%Net interest margin
0.32%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
0.38%Net operating income to assets
0.38%Return on assets (ROA)
0.38%Pretax return on assets
4.91%Return on equity (ROE)
4.91%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
74.38%Credit loss provision to net charge-offs
2.38%Efficiency ratio
84,373Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.40%Loss allowance to noncurrent loans
122.59%Noncurrent assets plus other real estate owned to assets
1.74%Noncurrent loans to loans
1.95%Net loans and leases to deposits
61.55%Net loans and leases to core deposits
61.55%Equity capital to assets
7.71%Core capital (leverage) ratio
7.96%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$13Average assets
$51,533Average earning assets
$4,010Average equity
$40,387Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	6219	Concorde Bank	16 S.W. Main Street, Blomkest, MN 56216	January 01, 1910	Full Service Brick and Mortar
1	428126	Willmar Branch	1102 South First Street, Willmar, MN 56201	May 03, 2004	Full Service Brick and Mortar

Concorde Bank in Blomkest, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Concorde Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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Concorde Bank in Blomkest, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Concorde Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Concorde Bank in Blomkest, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches