FDIC Certificate #: 9122 Status: Active Federal Reserve ID: 228055 Bank Holding Company (Regulatory Top Holder): Mclean Bank Holding Company (RSSDID: 1126523, Location: Garrison, ND) Date Established: October 30, 1919 WWW:http://www.fsbwashburn.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 #: 5840 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: 710 Main Street, Washburn, ND 58577 County: Mclean 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $46.9 mil Equity capital: $3.9 mil Deposits held in domestic offices: $42.9 mil Return on assets (ROA): 0.72% ($0.3 mil) Quarterly return on assets: 0.46% ($0.2 mil) Return on Equity (ROE): 8.34% ($0.3 mil) Quarterly return on equity: 5.08% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.07% ($501.9 mil) Quarterly Pretax return on assets: 0.70% ($328.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$46,907Total assets
$4,132Cash and due from depository institutions
$2,208Interest-bearing balances
$12,240Securities
$7,800Federal funds sold & reverse repurchase agreements
$21,992Net loans & leases
$475Loan loss allowance
$0Trading account assets
$177Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$46,907Life insurance assets
$566All other assets
$43,043Total liabilities and capital
$42,867Total liabilities
$35,439Total deposits
$42,867Interest-bearing deposits
$73Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$176Subordinated debt
$3,864All other liabilities
$3,864Total equity capital
$3,864Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$1,200Surplus
$2,064Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$424Long-term assets (5+ years)
$44,240Average Assets, year-to-date
$7,322Average Assets, quarterly
$41,595Volatile liabilities
$42,895Insider loans
$26,649FHLB advances
$43,467Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,662Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,081Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,761Total interest income
$289Total interest expense
$1,472Net interest income
$0Provision for loan and lease losses
$132Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$68Additional noninterest income
$1,157Total noninterest expense
$672Salaries and employee benefits
$89Premises and equipment expense
$396Additional noninterest expense
$447Pre-tax net operating income
$0Securities gains (losses)
$148Applicable income taxes
$299Income before extraordinary items
$0Extraordinary gains - net
$299Net income attributable to bank
$0Net charge-offs
$299Cash dividends
-$51Sale, conversion, retirement of capital stock, net
$25Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
0.74%Cost of funding earning assets
3.77%Net interest margin
0.34%Noninterest income to earning assets
2.97%Noninterest expense to earning assets
0.72%Net operating income to assets
0.72%Return on assets (ROA)
1.07%Pretax return on assets
8.34%Return on equity (ROE)
7.64%Retained earnings to average equity (YTD only)
-0.23%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,132Assets per employee
5.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.36%Loss allowance to loans
2.11%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
51.30%Net loans and leases to core deposits
51.91%Equity capital to assets
8.24%Core capital (leverage) ratio
8.42%Tier 1 risk-based capital ratio
13.74%Total risk-based capital ratio
Memoranda
$15Average assets
$41,595Average earning assets
$3,585Average equity
$38,993Average loans
List of branches
1 North Dakota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5840
Farmers Security Bank
710 Main Street, Washburn, ND 58577
October 30, 1919
Full Service Brick and Mortar
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