FDIC Certificate #: 8864 Status: Active Federal Reserve ID: 899156 Bank Holding Company (Regulatory Top Holder): Neisen Bancshares, Inc. (RSSDID: 1124592, Location: Watkins, MN) Date Established: October 12, 1914 WWW:http://www.fsbwatkins.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 #: 5658 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: Meeker And Second Avenue, Watkins, MN 55389 County: Meeker Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato 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: $37.7 mil Equity capital: $5.3 mil Deposits held in domestic offices: $32.1 mil Return on assets (ROA): 1.63% ($0.6 mil) Quarterly return on assets: 1.56% ($0.6 mil) Return on Equity (ROE): 11.67% ($0.6 mil) Quarterly return on equity: 11.09% ($0.6 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.63% ($614.6 mil) Quarterly Pretax return on assets: 1.56% ($588.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$37,707Total assets
$3,296Cash and due from depository institutions
$498Interest-bearing balances
$13,973Securities
$0Federal funds sold & reverse repurchase agreements
$18,407Net loans & leases
$213Loan loss allowance
$0Trading account assets
$210Bank premises and fixed assets
$182Other real estate owned
$0Goodwill and other intangibles
$37,707Life insurance assets
$1,639All other assets
$32,447Total liabilities and capital
$32,146Total liabilities
$26,957Total deposits
$32,146Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$301Subordinated debt
$5,260All other liabilities
$5,260Total equity capital
$5,260Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,600Surplus
$2,560Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$369Income earned, not collected on loans
$0Earning assets
$245Long-term assets (5+ years)
$32,878Average Assets, year-to-date
$10,042Average Assets, quarterly
$36,449Volatile liabilities
$37,260Insider loans
$23,565FHLB advances
$37,462Loans and leases held for sale
$1,230Unused loan commitments
$1,230Tier 1 (core) risk-based capital
$5,078Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,084Restructured Loans and leases
$240Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,720Total interest income
$264Total interest expense
$1,456Net interest income
$60Provision for loan and lease losses
$263Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$181Additional noninterest income
$1,066Total noninterest expense
$573Salaries and employee benefits
$182Premises and equipment expense
$311Additional noninterest expense
$593Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$593Income before extraordinary items
$0Extraordinary gains - net
$593Net income attributable to bank
$0Net charge-offs
$593Cash dividends
$52Sale, conversion, retirement of capital stock, net
$332Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.45%Yield on earning assets
0.84%Cost of funding earning assets
4.61%Net interest margin
0.83%Noninterest income to earning assets
3.38%Noninterest expense to earning assets
1.63%Net operating income to assets
1.63%Return on assets (ROA)
1.63%Pretax return on assets
11.67%Return on equity (ROE)
5.14%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
115.38%Credit loss provision to net charge-offs
12.56%Efficiency ratio
62,013Assets per employee
3.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.99%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
57.72%Noncurrent assets plus other real estate owned to assets
1.46%Noncurrent loans to loans
1.98%Net loans and leases to deposits
57.26%Net loans and leases to core deposits
59.28%Equity capital to assets
13.95%Core capital (leverage) ratio
13.56%Tier 1 risk-based capital ratio
21.55%Total risk-based capital ratio
Memoranda
$22Average assets
$36,449Average earning assets
$5,081Average equity
$31,578Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5658
Farmers State Bank Of Watkins
Meeker And Second Avenue, Watkins, MN 55389
October 12, 1914
Full Service Brick and Mortar
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