FDIC Certificate #: 10204 Status: Active Federal Reserve ID: 43454 Bank Holding Company (Regulatory Top Holder): Medr Bancshares, Inc. (RSSDID: 1122703, Location: Erskine, MN) Date Established: April 14, 1929 WWW:http://www.asberskine.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 #: 6543 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion 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: 201 Vance Street, Erskine, MN 56535 County: Polk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985) Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220) CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $25.1 mil Equity capital: $3.4 mil Deposits held in domestic offices: $21.7 mil Return on assets (ROA): 1.07% ($0.3 mil) Quarterly return on assets: 0.99% ($0.2 mil) Return on Equity (ROE): 7.63% ($0.2 mil) Quarterly return on equity: 7.14% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.07% ($268.5 mil) Quarterly Pretax return on assets: 0.99% ($248.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$25,092Total assets
$2,795Cash and due from depository institutions
$1,929Interest-bearing balances
$5,546Securities
$5,500Federal funds sold & reverse repurchase agreements
$10,821Net loans & leases
$204Loan loss allowance
$0Trading account assets
$133Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$25,092Life insurance assets
$297All other assets
$21,704Total liabilities and capital
$21,690Total liabilities
$15,085Total deposits
$21,690Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$14Subordinated debt
$3,388All other liabilities
$3,388Total equity capital
$3,388Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$1,900Surplus
$1,388Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$83Income earned, not collected on loans
$0Earning assets
$115Long-term assets (5+ years)
$23,796Average Assets, year-to-date
$3,676Average Assets, quarterly
$22,762Volatile liabilities
$24,123Insider loans
$12,564FHLB advances
$25,180Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,260Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,208Restructured Loans and leases
$111Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$889Total interest income
$81Total interest expense
$808Net interest income
$1Provision for loan and lease losses
$143Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$50Additional noninterest income
$707Total noninterest expense
$408Salaries and employee benefits
$114Premises and equipment expense
$185Additional noninterest expense
$243Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$243Income before extraordinary items
$0Extraordinary gains - net
$243Net income attributable to bank
$0Net charge-offs
$243Cash dividends
$3Sale, conversion, retirement of capital stock, net
$102Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.14%Yield on earning assets
0.38%Cost of funding earning assets
3.77%Net interest margin
0.67%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.07%Pretax return on assets
7.63%Return on equity (ROE)
4.43%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
33.33%Credit loss provision to net charge-offs
81.33%Efficiency ratio
74,343Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.98%Loss allowance to loans
1.85%Loss allowance to noncurrent loans
245.78%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.75%Net loans and leases to deposits
49.89%Net loans and leases to core deposits
50.53%Equity capital to assets
13.50%Core capital (leverage) ratio
12.95%Tier 1 risk-based capital ratio
25.95%Total risk-based capital ratio
Memoranda
$27Average assets
$22,762Average earning assets
$3,184Average equity
$21,449Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6543
American State Bank Of Erskine
201 Vance Street, Erskine, MN 56535
April 14, 1929
Full Service Brick and Mortar
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