Concorde Bank, Financial Information

AboutConcorde Bank

 Address:
16 S.W. Main Street
Blomkest,MN
Kandiyohi County,Minnesota
 Established:
Jan 1910
 Number of domestic offices:
2
Agriculture bank
Total assets$67M
Net income$1M
Net income,quarterly$0M
Total deposits$60M
Domestic deposits$60M
Equity capital$6M
ROA1.11%
ROAQ,quarterly0.46%
ROA,pretax0.46%
ROAQ,quarterly,pretax0.46%
ROE10.88%
ROEQ,quarterly4.88%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Concorde Bank dates back to 1910, beginning in the community of Svea. James Matson and Ed Selvig were the bank's founders and the bank's first officers, with James serving as the managing officer. In 1923, the bank moved to Blomkest to be closer to the railroad.

In 1984, the current bank building was built across the street from its previous location. At that time, Eldy and Carol's son-in-law, Larry Knutson, was named president of the bank, and their son, Warren, was named vice president. Larry's banking career started in 1972 at the Citizens State Bank of Olivia, while Warren's career started in 1972 in Blomkest.

In February of 2004, with another office to soon be established, the bank formerly known as the State Bank of Blomkest was named Concorde Bank. In May of 2004, Concorde Bank opened up a second office in Willmar. With a second location, the bank could better serve their current and future customers. Today, Concorde Bank is proud to be serving customers in Blomkest, Willmar, and other surrounding communities.

Concorde Bank is committed to providing quality financial services to its present and future customers. It is banks mission to maintain a sound institution of high integrity, with friendly professional staff, that is responsive to the changing needs of the community.

Blomkest Office
16 Main St. SW
PO Box 78
Blomkest, MN 56216
Phone Number: 320-995-6111
Fax Number: 320-995-6203

Lobby Hours
Monday - Thursday 8:00 a.m. - 4:00 p.m.
Friday 8:00 a.m. - 4:30 p.m.
Drive-up Hours
Monday - Thursday 7:30 a.m. - 4:00 p.m.
Friday 7:30 a.m. - 4:30 p.m.

Willmar Office
1102 1st St S
PO Box 1630
Willmar, MN 56201
Phone Number: 320-222-6111
Fax Number: 320-222-6116

Lobby Hours
Monday - Friday 9:00 a.m. - 4:00 p.m.
Drive-up Hours
Monday - Friday 7:30 a.m. - 5:30 p.m.
Saturday 9:00 a.m. - 12:00 p.m.