First Southeast Bank in city_name, state_name - Detailed Financial Reports, Location

First Southeast Bank in Harmony, Minnesota (MN)
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First Southeast Bank routing number info

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First Southeast Bank - Overview

General
FDIC Certificate #: 10576
Status: Active
Federal Reserve ID: 22552
Bank Holding Company (Regulatory Top Holder): First Southeastern Banc Group, Inc. (RSSDID: 1137510, Location: Harmony, MN)
Date Established: March 15, 1893
WWW: http://www.firstsoutheastbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 12917
FDIC's unique #: 6777
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: August 27, 2011
Last Structure Change Process Date: September 19, 2011
Last Data Update: September 19, 2011
Data Source Date: April 05, 2012
Location
Address: 3 Main Ave N, Harmony, MN 55939
County: Fillmore
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Minneapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $85.7 mil
Equity capital: $7.9 mil
Deposits held in domestic offices: $77.4 mil
Return on assets (ROA): 1.58% ($1.4 mil)
Quarterly return on assets: 1.62% ($1.4 mil)
Return on Equity (ROE): 17.63% ($1.4 mil)
Quarterly return on equity: 17.33% ($1.4 mil)
Net income: $1.3 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.58% ($1,354.7 mil)
Quarterly Pretax return on assets: 1.62% ($1,389.0 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
20Total employees (full-time equivalent)
$85,738Total assets
$2,366Cash and due from depository institutions
$240Interest-bearing balances
$9,090Securities
$6,760Federal funds sold & reverse repurchase agreements
$65,464Net loans & leases
$979Loan loss allowance
$0Trading account assets
$343Bank premises and fixed assets
$183Other real estate owned
$0Goodwill and other intangibles
$85,738Life insurance assets
$1,532All other assets
$77,884Total liabilities and capital
$77,388Total liabilities
$65,806Total deposits
$77,388Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$100Trading liabilities
$0Other borrowed funds
$396Subordinated debt
$7,854All other liabilities
$7,854Total equity capital
$7,854Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$4,900Surplus
$2,854Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$257Income earned, not collected on loans
$25Earning assets
$950Long-term assets (5+ years)
$81,554Average Assets, year-to-date
$18,836Average Assets, quarterly
$82,879Volatile liabilities
$82,621Insider loans
$64,711FHLB advances
$81,810Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,671Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,439Restructured Loans and leases
$529Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,410Total interest income
$843Total interest expense
$3,567Net interest income
$60Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$232Service charges on deposit accounts
$0Trading account gains & fees
$169Additional noninterest income
$2,599Total noninterest expense
$1,438Salaries and employee benefits
$231Premises and equipment expense
$930Additional noninterest expense
$1,309Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$1,308Income before extraordinary items
$0Extraordinary gains - net
$1,308Net income attributable to bank
$0Net charge-offs
$1,308Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$716Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
1.07%Cost of funding earning assets
4.53%Net interest margin
0.51%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
1.58%Net operating income to assets
1.58%Return on assets (ROA)
1.58%Pretax return on assets
17.63%Return on equity (ROE)
7.98%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-6000.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,499Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.74%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
380.93%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.39%Net loans and leases to deposits
84.59%Net loans and leases to core deposits
92.78%Equity capital to assets
9.16%Core capital (leverage) ratio
9.38%Tier 1 risk-based capital ratio
11.85%Total risk-based capital ratio
Memoranda
$13Average assets
$82,879Average earning assets
$7,418Average equity
$78,665Average loans

List of branches

3 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	6777	First Southeast Bank	3 Main Ave N, Harmony, MN 55939	March 15, 1893	Full Service Brick and Mortar
1	5625	Granger Branch	50 Main Street, Granger, MN 55939	December 22, 1917	Limited Service Facility
2	10474	Canton Branch	111 N Main St, Canton, MN 55922	June 28, 1945	Full Service Brick and Mortar

First Southeast Bank in Harmony, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Southeast Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Southeast Bank in Harmony, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Southeast Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Southeast Bank in Harmony, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches