FDIC Certificate #: 9354 Status: Active Federal Reserve ID: 981453 Bank Holding Company (Regulatory Top Holder): Hoffman Bancshares, Inc. (RSSDID: 1125003, Location: Hoffman, MN) Date Established: March 21, 1911 WWW:http://www.fsbhoffman.net 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 #: 15763 FDIC's unique #: 6005 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: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012
Location
Address: 103 Main Ave W, Hoffman, MN 56339 County: Grant Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $27.5 mil Equity capital: $3.5 mil Deposits held in domestic offices: $21.5 mil Return on assets (ROA): 1.68% ($0.5 mil) Quarterly return on assets: 1.07% ($0.3 mil) Return on Equity (ROE): 14.37% ($0.4 mil) Quarterly return on equity: 8.47% ($0.3 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.68% ($461.5 mil) Quarterly Pretax return on assets: 1.07% ($294.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$27,472Total assets
$1,780Cash and due from depository institutions
$968Interest-bearing balances
$10,844Securities
$0Federal funds sold & reverse repurchase agreements
$13,892Net loans & leases
$207Loan loss allowance
$0Trading account assets
$153Bank premises and fixed assets
$215Other real estate owned
$0Goodwill and other intangibles
$27,473Life insurance assets
$588All other assets
$23,987Total liabilities and capital
$21,488Total liabilities
$16,523Total deposits
$21,488Interest-bearing deposits
$97Deposits held in domestic offices
700.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,700Trading liabilities
$0Other borrowed funds
$99Subordinated debt
$3,486All other liabilities
$3,486Total equity capital
$3,486Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$1,950Surplus
$1,486Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2Income earned, not collected on loans
$0Earning assets
$318Long-term assets (5+ years)
$25,704Average Assets, year-to-date
$10,256Average Assets, quarterly
$27,742Volatile liabilities
$27,215Insider loans
$16,995FHLB advances
$27,020Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,108Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,680Restructured Loans and leases
$9Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,290Total interest income
$258Total interest expense
$1,032Net interest income
$0Provision for loan and lease losses
$25Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
-$39Additional noninterest income
$635Total noninterest expense
$324Salaries and employee benefits
$89Premises and equipment expense
$222Additional noninterest expense
$422Pre-tax net operating income
$45Securities gains (losses)
$0Applicable income taxes
$467Income before extraordinary items
$0Extraordinary gains - net
$467Net income attributable to bank
$0Net charge-offs
$467Cash dividends
$18Sale, conversion, retirement of capital stock, net
$318Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.10%Yield on earning assets
1.02%Cost of funding earning assets
4.08%Net interest margin
0.10%Noninterest income to earning assets
2.51%Noninterest expense to earning assets
1.52%Net operating income to assets
1.68%Return on assets (ROA)
1.68%Pretax return on assets
14.37%Return on equity (ROE)
4.59%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
23.44%Efficiency ratio
60,076Assets per employee
4.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.09%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
10350.00%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
0.01%Net loans and leases to deposits
64.65%Net loans and leases to core deposits
68.70%Equity capital to assets
12.69%Core capital (leverage) ratio
11.50%Tier 1 risk-based capital ratio
18.29%Total risk-based capital ratio
Memoranda
$20Average assets
$27,742Average earning assets
$3,249Average equity
$25,276Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6005
Farmers State Bank Of Hoffman
103 Main Ave W, Hoffman, MN 56339
March 21, 1911
Full Service Brick and Mortar
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