Liberty Bank Minnesota Reports – 1387203

Liberty Bank Minnesota Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Liberty Bank Minnesota is a N/A located in Saint Cloud, MN. Established on 01/01/1987, the bank is regulated by the FED and has 6 domestic offices. It operates in the St. Cloud, MN.

The bank has 46 employees and holds $274,662k in total assets. With a focus on community banking, the bank has been serving its customers since 01/01/1987.

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Liberty Bank Minnesota Institution Profile

Established Date01/01/1987Institution ClassN/A
Primary RegulatorFEDNumber of Domestic Offices6
Number of Foreign Offices0Number of US Offices0
Number of Employees46Directly owned by another bank (CERT)No
Community BankYesZIP56301
Ownership TypeNot MutualCitySaint Cloud
State Alpha codeMNState and County Number27145
Subchapter S CorporationsYesTrust PowersTrust Powers Not Known
Federal Reserve ID Number9Federal Reserve ID Number DescriptionMINNEAPOLIS
Office of The Comptroller District:CENTRAL DISTRICTOffice of Thrift Supervision RegionWest
Last Structure Change Effective Date08/31/2022Date of Deposit Insurance01/01/1987
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Liberty Bank Minnesota with our “Institution Profile” table. The 01/01/1987 marks the bank’s inception, providing historical context. Categorized as a N/A, the bank operates under the oversight of FED, ensuring compliance and regulatory adherence.

6 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Saint Cloud, MN, and 56301 provide geographic context. Explore these attributes to gain a holistic view of Liberty Bank Minnesota in the financial landscape.

Liberty Bank Minnesota Financials

(USD, in thousands)

Total Assets$274,662Total Liabilities$249,721
Total Equity Capital$24,941Total Deposits$248,865
Net Loans and Leases$142,313Total Interest Income$2,346
Total Noninterest Income$832Total Interest Expense$492
Total Noninterest Expense$2,058Tier 1 Risk-Based Capital Ratio24.76%
Net Loans and Leases to Core DepositsN/AReturn on Assets0.92%
Return on Equity11.11%Efficiency Ratio76.62%

Financial Performance Overview

Gain a comprehensive perspective on Liberty Bank Minnesota’s financial landscape through our “Financials” table. The bank boasts total assets of $274,662k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $249,721k and total equity capital at $24,941k.

Delve into key operational metrics, including total deposits of $248,865k, net loans and leases at $142k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 24.7639, and Return on Assets at 0.92. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Liberty Bank Minnesota’s performance and competitive positioning within the financial industry.

Liberty Bank Minnesota Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio24.76%Securities Gains (Losses)$0
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets3.80%Total Interest Income$2,346
Applicable Income Taxes$0Loss Allowance to Loans and Leases0.96%
Net Loans and Leases$142,313Loss Allowance to Noncurrent Loans and Leases0.00%
Noncurrent Loans to Loans0.00%Net Income Attributable to Bank and Noncontrolling Interests$628
Net Interest Income$1,854Net Interest Margin3.01%
Net Operating Income to Assets0.92%Noninterest Income to Average Assets1.22%
Total Noninterest Income$832Noninterest Expense to Average Assets3.02%
Total Noninterest Expense$2,058Net Charge-Offs to Loans and Leases0.00%
All Other AssetsN/AOther Real Estate Owned$0
Other borrowed funds$0Pre-tax Net Operating Income$628
Pretax Return on Assets0.92%Return on Assets0.92%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Liberty Bank Minnesota‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $142,313k and Net Interest Income $1,854k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 24.7639 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $832k and evaluate operational efficiency using metrics like Efficiency Ratio: 76.62. This nuanced financial overview empowers a comprehensive analysis of Liberty Bank Minnesota‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Liberty Bank Minnesota?

The asset size of Liberty Bank Minnesota is approximately $274,662k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Liberty Bank Minnesota compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Liberty Bank Minnesota, this ratio stands at
57.18%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Liberty Bank Minnesota?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 24.7639.

What is the net interest margin of Liberty Bank Minnesota, and how has it trended over the past year?

The current net interest margin is 3.01. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Liberty Bank Minnesota’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Liberty Bank Minnesota, this stands at 0.

Are there any recent regulatory changes that could impact Liberty Bank Minnesota’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Liberty Bank Minnesota. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Liberty Bank Minnesota?

Liberty Bank Minnesota was established on 01/01/1987. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Liberty Bank Minnesota FDIC insured?

Yes, Liberty Bank Minnesota is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Liberty Bank Minnesota in OK?

The routing number for Liberty Bank Minnesota in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Liberty Bank Minnesota?

Liberty Bank Minnesota is a significant player in the financial sector with total assets valued at $274,662k and a network of 6 domestic offices.

Is Liberty Bank Minnesota a local bank?

Liberty Bank Minnesota is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Liberty Bank Minnesota. Get more data about Liberty Bank Minnesota on Visbanking Report Portal.