FDIC Certificate #: 8833 Status: Active Federal Reserve ID: 343958 Bank Holding Company (Regulatory Top Holder): Currie Bancorporation, Inc. (RSSDID: 1125151, Location: Currie, MN) Date Established: Febuary 01, 1931 WWW:http://www.curriestatebank.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) OTS Docket #: 13638 FDIC's unique #: 5628 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: No 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: 141 Mill Street, Currie, MN 56123 County: Murray 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $46.7 mil Equity capital: $4.3 mil Deposits held in domestic offices: $36.1 mil Return on assets (ROA): 1.03% ($0.5 mil) Quarterly return on assets: 1.00% ($0.5 mil) Return on Equity (ROE): 11.22% ($0.4 mil) Quarterly return on equity: 10.72% ($0.4 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.64% ($766.2 mil) Quarterly Pretax return on assets: 1.43% ($668.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$46,722Total assets
$952Cash and due from depository institutions
$15Interest-bearing balances
$1,558Securities
$1,231Federal funds sold & reverse repurchase agreements
$40,789Net loans & leases
$404Loan loss allowance
$0Trading account assets
$195Bank premises and fixed assets
$385Other real estate owned
$0Goodwill and other intangibles
$46,722Life insurance assets
$1,612All other assets
$42,409Total liabilities and capital
$36,085Total liabilities
$31,127Total deposits
$36,085Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$5,850Trading liabilities
$0Other borrowed funds
$474Subordinated debt
$4,313All other liabilities
$4,313Total equity capital
$4,313Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$4,000Surplus
$263Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$682Income earned, not collected on loans
$12Earning assets
$699Long-term assets (5+ years)
$43,593Average Assets, year-to-date
$9,375Average Assets, quarterly
$44,382Volatile liabilities
$45,615Insider loans
$40,725FHLB advances
$43,852Loans and leases held for sale
$467Unused loan commitments
$467Tier 1 (core) risk-based capital
$4,275Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,547Restructured Loans and leases
$22Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,762Total interest income
$662Total interest expense
$2,100Net interest income
$50Provision for loan and lease losses
$71Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
-$82Additional noninterest income
$1,395Total noninterest expense
$851Salaries and employee benefits
$113Premises and equipment expense
$431Additional noninterest expense
$726Pre-tax net operating income
$0Securities gains (losses)
$267Applicable income taxes
$459Income before extraordinary items
$0Extraordinary gains - net
$459Net income attributable to bank
$0Net charge-offs
$459Cash dividends
$22Sale, conversion, retirement of capital stock, net
$135Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.76%Yield on earning assets
1.62%Cost of funding earning assets
5.14%Net interest margin
0.17%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.64%Pretax return on assets
11.22%Return on equity (ROE)
7.92%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
227.27%Credit loss provision to net charge-offs
35.27%Efficiency ratio
64,256Assets per employee
3.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.41%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
59.24%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
1.66%Net loans and leases to deposits
113.04%Net loans and leases to core deposits
120.80%Equity capital to assets
9.23%Core capital (leverage) ratio
9.75%Tier 1 risk-based capital ratio
10.50%Total risk-based capital ratio
Memoranda
$11Average assets
$44,382Average earning assets
$4,090Average equity
$40,883Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5628
Currie State Bank
141 Mill Street, Currie, MN 56123
Febuary 01, 1931
Full Service Brick and Mortar
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