Adrian State Bank in Adrian, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


Adrian State Bank - Overview

  • General
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    05619Adrian State Bank322 Maine Avenue, Adrian, MN 56110October 23, 1889Full Service Brick and Mortar

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