First State Bank Minnesota in city_name, state_name - Detailed Financial Reports, Location

First State Bank Minnesota in Le Roy, Minnesota (MN)
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First State Bank Minnesota routing number info

First State Bank Minnesota - Overview

General
FDIC Certificate #: 10162
Status: Active
Federal Reserve ID: 60554
Bank Holding Company (Regulatory Top Holder): First Leroy Bancorporation, Inc. (RSSDID: 1128899, Location: Le Roy, MN)
Date Established: June 01, 1893
WWW: http://www.fsbminnesota.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12780
FDIC's unique #: 6503
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 04, 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: 102 W. Main Street, Le Roy, MN 55951
County: Mower
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
Core Based Statistical Area (CBSA): Austin, MN (#12380)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $65.8 mil
Equity capital: $5.5 mil
Deposits held in domestic offices: $59.8 mil
Return on assets (ROA): 1.04% ($0.7 mil)
Quarterly return on assets: 0.98% ($0.6 mil)
Return on Equity (ROE): 12.27% ($0.6 mil)
Quarterly return on equity: 11.61% ($0.6 mil)
Net income: $0.6 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.04% ($684.1 mil)
Quarterly Pretax return on assets: 0.98% ($644.6 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
19Total employees (full-time equivalent)
$65,780Total assets
$8,333Cash and due from depository institutions
$4,496Interest-bearing balances
$21,513Securities
$500Federal funds sold & reverse repurchase agreements
$32,973Net loans & leases
$404Loan loss allowance
$0Trading account assets
$910Bank premises and fixed assets
$190Other real estate owned
$0Goodwill and other intangibles
$65,780Life insurance assets
$1,361All other assets
$60,302Total liabilities and capital
$59,783Total liabilities
$47,651Total deposits
$59,783Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$463Trading liabilities
$0Other borrowed funds
$56Subordinated debt
$5,478All other liabilities
$5,478Total equity capital
$5,478Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$2,450Surplus
$2,978Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$139Income earned, not collected on loans
$0Earning assets
$541Long-term assets (5+ years)
$59,482Average Assets, year-to-date
$7,564Average Assets, quarterly
$61,631Volatile liabilities
$64,436Insider loans
$37,916FHLB advances
$64,510Loans and leases held for sale
$401Unused loan commitments
$401Tier 1 (core) risk-based capital
$5,110Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,149Restructured Loans and leases
$133Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,524Total interest income
$447Total interest expense
$2,077Net interest income
$27Provision for loan and lease losses
$291Total noninterest income
$0Fiduciary activities
$221Service charges on deposit accounts
$0Trading account gains & fees
$70Additional noninterest income
$1,699Total noninterest expense
$988Salaries and employee benefits
$282Premises and equipment expense
$429Additional noninterest expense
$642Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$641Income before extraordinary items
$0Extraordinary gains - net
$641Net income attributable to bank
$0Net charge-offs
$641Cash dividends
$63Sale, conversion, retirement of capital stock, net
$516Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.43%Yield on earning assets
0.78%Cost of funding earning assets
3.65%Net interest margin
0.51%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
1.04%Pretax return on assets
12.27%Return on equity (ROE)
2.39%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
42.86%Credit loss provision to net charge-offs
10.62%Efficiency ratio
71,748Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.50%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
290.65%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.42%Net loans and leases to deposits
55.15%Net loans and leases to core deposits
55.15%Equity capital to assets
8.33%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
13.48%Total risk-based capital ratio
Memoranda
$15Average assets
$61,631Average earning assets
$5,225Average equity
$56,974Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	6503	First State Bank Minnesota	102 W. Main Street, Le Roy, MN 55951	June 01, 1893	Full Service Brick and Mortar
1	221976	Spring Valley Branch	1030 North Broadway, Spring Valley, MN 55975	March 15, 1993	Full Service Brick and Mortar

First State Bank Minnesota in Le Roy, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank Minnesota - 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 State Bank Minnesota in Le Roy, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank Minnesota - 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 State Bank Minnesota in Le Roy, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches