FDIC Certificate #: 8822 Status: Active Federal Reserve ID: 293352 Bank Holding Company (Regulatory Top Holder): Adrian Building Corporation (RSSDID: 1125254, Location: Adrian, MN) Date Established: October 23, 1889 WWW:http://www.adrianstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 5619 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 322 Maine Avenue, Adrian, MN 56110 County: Nobles Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Worthington, MN (#49380) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $37.4 mil Equity capital: $3.7 mil Deposits held in domestic offices: $33.5 mil Return on assets (ROA): 0.46% ($0.2 mil) Quarterly return on assets: 0.58% ($0.2 mil) Return on Equity (ROE): 4.58% ($0.2 mil) Quarterly return on equity: 5.68% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.46% ($172.2 mil) Quarterly Pretax return on assets: 0.58% ($217.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$37,427Total assets
$3,058Cash and due from depository institutions
$2,500Interest-bearing balances
$9,987Securities
$2,295Federal funds sold & reverse repurchase agreements
$20,737Net loans & leases
$179Loan loss allowance
$0Trading account assets
$99Bank premises and fixed assets
$404Other real estate owned
$0Goodwill and other intangibles
$37,427Life insurance assets
$847All other assets
$33,686Total liabilities and capital
$33,541Total liabilities
$25,909Total deposits
$33,541Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$145Subordinated debt
$3,741All other liabilities
$3,741Total equity capital
$3,741Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$2,880Surplus
$741Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$224Income earned, not collected on loans
$0Earning assets
$336Long-term assets (5+ years)
$35,519Average Assets, year-to-date
$10,266Average Assets, quarterly
$35,524Volatile liabilities
$36,336Insider loans
$24,237FHLB advances
$36,214Loans and leases held for sale
$226Unused loan commitments
$226Tier 1 (core) risk-based capital
$3,385Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,779Restructured Loans and leases
$909Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,411Total interest income
$297Total interest expense
$1,114Net interest income
$63Provision for loan and lease losses
$186Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$139Additional noninterest income
$1,091Total noninterest expense
$676Salaries and employee benefits
$130Premises and equipment expense
$285Additional noninterest expense
$146Pre-tax net operating income
$17Securities gains (losses)
$0Applicable income taxes
$163Income before extraordinary items
$0Extraordinary gains - net
$163Net income attributable to bank
$0Net charge-offs
$163Cash dividends
$27Sale, conversion, retirement of capital stock, net
$94Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.18%Yield on earning assets
0.88%Cost of funding earning assets
3.30%Net interest margin
0.55%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
0.41%Net operating income to assets
0.46%Return on assets (ROA)
0.46%Pretax return on assets
4.58%Return on equity (ROE)
1.94%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
233.33%Credit loss provision to net charge-offs
7.74%Efficiency ratio
83,923Assets per employee
3.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.67%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
79.91%Noncurrent assets plus other real estate owned to assets
1.68%Noncurrent loans to loans
1.07%Net loans and leases to deposits
61.83%Net loans and leases to core deposits
67.43%Equity capital to assets
10.00%Core capital (leverage) ratio
9.35%Tier 1 risk-based capital ratio
13.97%Total risk-based capital ratio
Memoranda
$15Average assets
$35,524Average earning assets
$3,557Average equity
$33,748Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5619
Adrian State Bank
322 Maine Avenue, Adrian, MN 56110
October 23, 1889
Full Service Brick and Mortar
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