FDIC Certificate #: 8535 Status: Active Federal Reserve ID: 1017555 Bank Holding Company (Regulatory Top Holder): Prairie Bancshares, Inc. (RSSDID: 1125058, Location: Lester Prairie, MN) Date Established: September 15, 1913 WWW:http://www.fcblesterprairie.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 #: 14362 FDIC's unique #: 5443 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: Commercial Lending 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: 500 Central Avenue, Lester Prairie, MN 55354 County: Mcleod 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 Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Hutchinson, MN (#26780) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $28.6 mil Equity capital: $2.8 mil Deposits held in domestic offices: $25.0 mil Return on assets (ROA): 0.80% ($0.2 mil) Quarterly return on assets: 0.47% ($0.1 mil) Return on Equity (ROE): 8.94% ($0.3 mil) Quarterly return on equity: 4.78% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.80% ($228.6 mil) Quarterly Pretax return on assets: 0.47% ($134.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$28,575Total assets
$2,244Cash and due from depository institutions
$101Interest-bearing balances
$9,639Securities
$0Federal funds sold & reverse repurchase agreements
$14,754Net loans & leases
$358Loan loss allowance
$0Trading account assets
$126Bank premises and fixed assets
$365Other real estate owned
$0Goodwill and other intangibles
$28,575Life insurance assets
$1,447All other assets
$25,759Total liabilities and capital
$24,951Total liabilities
$20,353Total deposits
$24,951Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$500Trading liabilities
$0Other borrowed funds
$308Subordinated debt
$2,816All other liabilities
$2,816Total equity capital
$2,816Total bank equity capital
$0Perpetual preferred stock
$250Common stock
$1,500Surplus
$1,066Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$207Income earned, not collected on loans
$0Earning assets
$156Long-term assets (5+ years)
$24,494Average Assets, year-to-date
$10,327Average Assets, quarterly
$27,736Volatile liabilities
$28,339Insider loans
$18,682FHLB advances
$28,241Loans and leases held for sale
$954Unused loan commitments
$954Tier 1 (core) risk-based capital
$2,406Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,538Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,245Total interest income
$172Total interest expense
$1,073Net interest income
$125Provision for loan and lease losses
$233Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$144Additional noninterest income
$997Total noninterest expense
$562Salaries and employee benefits
$144Premises and equipment expense
$291Additional noninterest expense
$184Pre-tax net operating income
$39Securities gains (losses)
$0Applicable income taxes
$223Income before extraordinary items
$0Extraordinary gains - net
$223Net income attributable to bank
$0Net charge-offs
$223Cash dividends
$174Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.15%Yield on earning assets
0.71%Cost of funding earning assets
4.44%Net interest margin
0.96%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.66%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
8.94%Return on equity (ROE)
8.94%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
71.84%Credit loss provision to net charge-offs
1.78%Efficiency ratio
76,340Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
172.95%Noncurrent assets plus other real estate owned to assets
2.00%Noncurrent loans to loans
1.37%Net loans and leases to deposits
59.13%Net loans and leases to core deposits
60.43%Equity capital to assets
9.85%Core capital (leverage) ratio
8.52%Tier 1 risk-based capital ratio
12.88%Total risk-based capital ratio
Memoranda
$14Average assets
$27,736Average earning assets
$2,495Average equity
$24,170Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5443
First Community Bank Lester Prairie
500 Central Avenue, Lester Prairie, MN 55354
September 15, 1913
Full Service Brick and Mortar
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