Kensington Bank
FDIC #1409
📍 Kensington, Minnesota
Kensington Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1898. With assets of $392.04 Million, it operates 7 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
August 1, 2023
Satisfactory
November 1, 2020
Satisfactory
December 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$392.04 Million
Total Deposits$331.25 Million
Equity Capital$31.83 Million
Net Income$3.00 Million
📈 Performance
ROA1.07%
ROE12.94%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1898
FDIC Cert1409
Holding CoKensington Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:00 AM - 5:00 PM
Tuesday7:00 AM - 5:00 PM
Wednesday7:00 AM - 5:00 PM
Thursday7:00 AM - 5:00 PM
Friday7:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2019
Merger / Acquisition
Acquired: North American State Bank
2014
Merger / Acquisition
Acquired: The First National Bank Of Herman
2014
Name Change
Name became: Changed Institution Name To Kensington Bank.
2012
Relocation
Moved HQ to: 11 North Central Ave., Kensington, MN 56343.
2006
Relocation
Moved HQ to: Main Street, Kensington, MN 56343.