First Bank Blue Earth in Blue Earth, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank Blue Earth - Overview

  • General
  • FDIC Certificate #: 5097
    Status: Active
    Federal Reserve ID: 147857
    Bank Holding Company (Regulatory Top Holder): Fnb Bancshares Inc. (RSSDID: 1143548, Location: Blue Earth, MN)
    Date Established: January 01, 1869
    WWW: http://www.firstbankblueearth.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13046
    FDIC's unique #: 3406
    Numeric code: 13
    Regulator: FED
    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: December 15, 2007
    Last Structure Change Process Date: December 27, 2007
    Last Data Update: December 27, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 306 South Main Street, Blue Earth, MN 56013
    County: Faribault
    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
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $162.0 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $141.9 mil
    Return on assets (ROA): 1.73% ($2.8 mil)
    Quarterly return on assets: 1.95% ($3.2 mil)
    Return on Equity (ROE): 16.66% ($2.8 mil)
    Quarterly return on equity: 18.04% ($3.1 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.73% ($2,803.0 mil)
    Quarterly Pretax return on assets: 1.95% ($3,159.5 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
  • 29Total employees (full-time equivalent)
  • $162,026Total assets
  • $6,479Cash and due from depository institutions
  • $3,468Interest-bearing balances
  • $31,104Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $115,576Net loans & leases
  • $2,063Loan loss allowance
  • $0Trading account assets
  • $1,312Bank premises and fixed assets
  • $1,711Other real estate owned
  • $0Goodwill and other intangibles
  • $162,026Life insurance assets
  • $5,844All other assets
  • $144,535Total liabilities and capital
  • $141,913Total liabilities
  • $115,579Total deposits
  • $141,913Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $1,122Subordinated debt
  • $17,491All other liabilities
  • $17,491Total equity capital
  • $17,491Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $10,250Surplus
  • $6,491Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,182Income earned, not collected on loans
  • $0Earning assets
  • $1,572Long-term assets (5+ years)
  • $150,148Average Assets, year-to-date
  • $34,660Average Assets, quarterly
  • $159,500Volatile liabilities
  • $160,433Insider loans
  • $117,928FHLB advances
  • $162,149Loans and leases held for sale
  • $1,971Unused loan commitments
  • $1,971Tier 1 (core) risk-based capital
  • $16,789Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,004Restructured Loans and leases
  • $9,794Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,360Total interest income
  • $1,551Total interest expense
  • $5,809Net interest income
  • $495Provision for loan and lease losses
  • $809Total noninterest income
  • $0Fiduciary activities
  • $134Service charges on deposit accounts
  • $0Trading account gains & fees
  • $675Additional noninterest income
  • $3,535Total noninterest expense
  • $1,632Salaries and employee benefits
  • $414Premises and equipment expense
  • $1,489Additional noninterest expense
  • $2,588Pre-tax net operating income
  • $166Securities gains (losses)
  • $2Applicable income taxes
  • $2,752Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,752Net income attributable to bank
  • $0Net charge-offs
  • $2,752Cash dividends
  • $591Sale, conversion, retirement of capital stock, net
  • $1,401Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.62%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 16.66%Return on equity (ROE)
  • 8.18%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 83.76%Credit loss provision to net charge-offs
  • 5.22%Efficiency ratio
  • 52,856Assets per employee
  • 5.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.91%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 174.53%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 81.44%Net loans and leases to core deposits
  • 93.34%Equity capital to assets
  • 10.80%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 14.24%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $159,500Average earning assets
  • $16,520Average equity
  • $147,832Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03406First Bank Blue Earth306 South Main Street, Blue Earth, MN 56013January 01, 1869Full Service Brick and Mortar

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