FDIC Certificate #: 10171 Status: Active Federal Reserve ID: 362753 Bank Holding Company (Regulatory Top Holder): Avon State Bank Employee Stock Ownership Plan & Trust (RSSDID: 2183943, Location: Avon, MN) Date Established: July 19, 1907 WWW:http://www.avonstatebank.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 #: 6512 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: 104 Avon Ave North, Avon, MN 56310 County: Stearns 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 Metropolitan Statistical Area (MSA): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $105.5 mil Equity capital: $13.3 mil Deposits held in domestic offices: $92.0 mil Return on assets (ROA): 1.24% ($1.3 mil) Quarterly return on assets: 1.21% ($1.3 mil) Return on Equity (ROE): 10.24% ($1.3 mil) Quarterly return on equity: 9.68% ($1.3 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.25% ($1,318.4 mil) Quarterly Pretax return on assets: 1.22% ($1,286.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$105,470Total assets
$10,706Cash and due from depository institutions
$3,780Interest-bearing balances
$40,103Securities
$0Federal funds sold & reverse repurchase agreements
$52,513Net loans & leases
$1,112Loan loss allowance
$0Trading account assets
$249Bank premises and fixed assets
$657Other real estate owned
$0Goodwill and other intangibles
$105,470Life insurance assets
$1,242All other assets
$92,184Total liabilities and capital
$92,039Total liabilities
$79,810Total deposits
$92,039Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$145Subordinated debt
$13,286All other liabilities
$13,286Total equity capital
$13,286Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$3,800Surplus
$9,286Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$335Income earned, not collected on loans
$0Earning assets
$445Long-term assets (5+ years)
$96,396Average Assets, year-to-date
$29,956Average Assets, quarterly
$103,204Volatile liabilities
$105,233Insider loans
$49,520FHLB advances
$104,469Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,518Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,808Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,914Total interest income
$858Total interest expense
$3,056Net interest income
$0Provision for loan and lease losses
$144Total noninterest income
$0Fiduciary activities
$67Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$1,915Total noninterest expense
$1,162Salaries and employee benefits
$184Premises and equipment expense
$569Additional noninterest expense
$1,285Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$1,284Income before extraordinary items
$0Extraordinary gains - net
$1,284Net income attributable to bank
$0Net charge-offs
$1,284Cash dividends
$97Sale, conversion, retirement of capital stock, net
$669Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.12%Yield on earning assets
0.90%Cost of funding earning assets
3.21%Net interest margin
0.15%Noninterest income to earning assets
2.01%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.25%Pretax return on assets
10.24%Return on equity (ROE)
4.90%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
13.25%Efficiency ratio
59,844Assets per employee
6.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.10%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
331.94%Noncurrent assets plus other real estate owned to assets
0.94%Noncurrent loans to loans
0.62%Net loans and leases to deposits
57.06%Net loans and leases to core deposits
57.43%Equity capital to assets
12.60%Core capital (leverage) ratio
11.98%Tier 1 risk-based capital ratio
25.28%Total risk-based capital ratio
Memoranda
$27Average assets
$103,204Average earning assets
$12,541Average equity
$95,104Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6512
Avon State Bank
104 Avon Ave North, Avon, MN 56310
July 19, 1907
Full Service Brick and Mortar
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