Kanabec State BankBanksForge
 »  Kanabec State Bank

Kanabec State Bank, Financial Information

AboutKanabec State Bank

 Address:
730 Forest Ave. E
Mora,MN
Kanabec County,Minnesota
 Established:
May 1917
 Number of domestic offices:
1
Total assets$151M
Net income$1M
Net income,quarterly$0M
Total deposits$132M
Domestic deposits$132M
Equity capital$18M
ROA0.54%
ROAQ,quarterly0.55%
ROA,pretax0.55%
ROAQ,quarterly,pretax0.55%
ROE4.28%
ROEQ,quarterly4.47%
UpdatedApr 11, 2013

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.

Kanabec State Bank was granted its Charter on May 17, 1917 with Capital Stock of $10,000, Surplus of $3,000, Undivided Profits of $500, and deposits of $13,000.

The bank has had only four owners over the past 90 years. Frank Powers (1927-1963), I. C. Rasmussen (1963-1968), Robert Hadlund (1968-1972), and the current owner, O. J. Tomson (1972 - present). In 1942 stockholders of the bank organized Kanabec Credit Company, which is a one bank holding company.

Kanabec State Bank continues to be a financial leader in Kanabec County by extending professional and courteous service to customers. KSB maintains a strong capital base and a quality loan portfolio. Kanabec State Bank is an independent, family-controlled bank and fully intends to remain independent.

Kanabec State Bank
730 Forest Avenue East
Mora, Minnesota 55051
Phone: (320) 679-3131
Fax: (320) 679-2808

Historical Data