FDIC Certificate #: 10173 Status: Active Federal Reserve ID: 330453 Bank Holding Company (Regulatory Top Holder): Southeast Minnesota Bancshares, Inc. (RSSDID: 1134247, Location: Altura, MN) Date Established: December 10, 1910 WWW:http://www.alturastatebank.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 #: 6514 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: 411 Main Street, N.W., Altura, MN 55910 County: Winona Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Minneapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Winona, MN (#49100) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $46.6 mil Equity capital: $6.9 mil Deposits held in domestic offices: $39.1 mil Return on assets (ROA): 1.79% ($0.8 mil) Quarterly return on assets: 1.63% ($0.8 mil) Return on Equity (ROE): 12.47% ($0.9 mil) Quarterly return on equity: 11.10% ($0.8 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.79% ($834.9 mil) Quarterly Pretax return on assets: 1.63% ($760.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$46,641Total assets
$7,382Cash and due from depository institutions
$5,297Interest-bearing balances
$8,527Securities
$0Federal funds sold & reverse repurchase agreements
$28,543Net loans & leases
$241Loan loss allowance
$0Trading account assets
$300Bank premises and fixed assets
$241Other real estate owned
$0Goodwill and other intangibles
$46,641Life insurance assets
$1,648All other assets
$39,761Total liabilities and capital
$39,090Total liabilities
$33,681Total deposits
$39,090Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$59Trading liabilities
$0Other borrowed funds
$612Subordinated debt
$6,880All other liabilities
$6,880Total equity capital
$6,880Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$3,400Surplus
$3,380Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$124Income earned, not collected on loans
$0Earning assets
$231Long-term assets (5+ years)
$42,367Average Assets, year-to-date
$5,771Average Assets, quarterly
$46,161Volatile liabilities
$46,443Insider loans
$30,867FHLB advances
$46,809Loans and leases held for sale
$1,103Unused loan commitments
$1,103Tier 1 (core) risk-based capital
$6,645Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,084Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,061Total interest income
$443Total interest expense
$1,618Net interest income
$0Provision for loan and lease losses
$177Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$971Total noninterest expense
$607Salaries and employee benefits
$123Premises and equipment expense
$241Additional noninterest expense
$824Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$824Income before extraordinary items
$0Extraordinary gains - net
$824Net income attributable to bank
$0Net charge-offs
$824Cash dividends
$14Sale, conversion, retirement of capital stock, net
$557Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.87%Yield on earning assets
1.05%Cost of funding earning assets
3.83%Net interest margin
0.42%Noninterest income to earning assets
2.30%Noninterest expense to earning assets
1.79%Net operating income to assets
1.79%Return on assets (ROA)
1.79%Pretax return on assets
12.47%Return on equity (ROE)
4.04%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
58.86%Efficiency ratio
54,095Assets per employee
4.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.60%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
194.35%Noncurrent assets plus other real estate owned to assets
0.78%Noncurrent loans to loans
0.43%Net loans and leases to deposits
73.02%Net loans and leases to core deposits
75.66%Equity capital to assets
14.75%Core capital (leverage) ratio
14.20%Tier 1 risk-based capital ratio
21.53%Total risk-based capital ratio
Memoranda
$22Average assets
$46,161Average earning assets
$6,607Average equity
$42,298Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6514
Altura State Bank
411 Main Street, N.W., Altura, MN 55910
December 10, 1910
Full Service Brick and Mortar
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