21st Century Bank
FDIC #9751
📍 Loretto, Minnesota
21st Century Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/02/1917. With assets of $714.77 Million, it operates 8 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: April 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
April 1, 2023
Satisfactory
April 1, 2020
Satisfactory
May 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$714.77 Million
Total Deposits$542.15 Million
Equity Capital$72.12 Million
Net Income$3.89 Million
📈 Performance
ROA0.74%
ROE7.09%
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
Established06/02/1917
FDIC Cert9751
Holding CoCrosstown Holding Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2006
Relocation
Moved HQ to: 699 North Medina Street, Loretto, MN 55357.
2004
Merger / Acquisition
Acquired: State Bank Of Loretto
2004
Relocation
Moved HQ to: 17635 Ne Central Avenue., Ham Lake, MN 55304.
2004
Name Change
Name became: Changed Institution Name To 21st Century Bank.
2002
Merger / Acquisition
Acquired: 21st Century Bank