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

First State Bank of Bigfork in Bigfork, Minnesota (MN)
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First State Bank of Bigfork routing number info

First State Bank of Bigfork - Overview

General
FDIC Certificate #: 10991
Status: Active
Federal Reserve ID: 364850
Bank Holding Company (Regulatory Top Holder): Bigfork Bancshares, Inc. (RSSDID: 1990087, Location: Bigfork, MN)
Date Established: August 12, 1912
WWW: http://www.fsbbigfork.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 #: 9196
FDIC's unique #: 7042
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: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2011
Last Structure Change Process Date: Febuary 07, 2011
Last Data Update: Febuary 07, 2011
Data Source Date: April 05, 2012
Location
Address: 400 Main Avenue, Bigfork, MN 56628
County: Itasca
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
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: $62.4 mil
Equity capital: $6.7 mil
Deposits held in domestic offices: $51.7 mil
Return on assets (ROA): 0.53% ($0.3 mil)
Quarterly return on assets: 0.03% ($0.0 mil)
Return on Equity (ROE): 5.00% ($0.3 mil)
Quarterly return on equity: 0.24% ($0.0 mil)
Net income: $0.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.74% ($461.7 mil)
Quarterly Pretax return on assets: 0.22% ($137.3 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
21Total employees (full-time equivalent)
$62,395Total assets
$9,083Cash and due from depository institutions
$7,014Interest-bearing balances
$6,638Securities
$0Federal funds sold & reverse repurchase agreements
$43,944Net loans & leases
$579Loan loss allowance
$0Trading account assets
$547Bank premises and fixed assets
$748Other real estate owned
$0Goodwill and other intangibles
$62,395Life insurance assets
$1,435All other assets
$55,734Total liabilities and capital
$51,746Total liabilities
$45,867Total deposits
$51,746Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,612Trading liabilities
$0Other borrowed funds
$376Subordinated debt
$6,661All other liabilities
$6,661Total equity capital
$6,661Total bank equity capital
$0Perpetual preferred stock
$240Common stock
$3,010Surplus
$3,411Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,481Income earned, not collected on loans
$413Earning assets
$299Long-term assets (5+ years)
$57,596Average Assets, year-to-date
$12,943Average Assets, quarterly
$58,038Volatile liabilities
$62,663Insider loans
$37,298FHLB advances
$62,180Loans and leases held for sale
$337Unused loan commitments
$337Tier 1 (core) risk-based capital
$6,458Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,961Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,127Total interest income
$782Total interest expense
$2,345Net interest income
$144Provision for loan and lease losses
$250Total noninterest income
$0Fiduciary activities
$220Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$2,021Total noninterest expense
$1,171Salaries and employee benefits
$206Premises and equipment expense
$644Additional noninterest expense
$430Pre-tax net operating income
$1Securities gains (losses)
$122Applicable income taxes
$309Income before extraordinary items
$0Extraordinary gains - net
$309Net income attributable to bank
$0Net charge-offs
$309Cash dividends
$93Sale, conversion, retirement of capital stock, net
$85Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.86%Yield on earning assets
1.46%Cost of funding earning assets
4.39%Net interest margin
0.47%Noninterest income to earning assets
3.79%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.74%Pretax return on assets
5.00%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
154.84%Credit loss provision to net charge-offs
6.17%Efficiency ratio
77,881Assets per employee
2.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.51%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
23.34%Noncurrent assets plus other real estate owned to assets
5.18%Noncurrent loans to loans
5.57%Net loans and leases to deposits
84.92%Net loans and leases to core deposits
86.55%Equity capital to assets
10.68%Core capital (leverage) ratio
10.39%Tier 1 risk-based capital ratio
17.31%Total risk-based capital ratio
Memoranda
$19Average assets
$58,038Average earning assets
$6,182Average equity
$53,385Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	7042	First State Bank Of Bigfork	400 Main Avenue, Bigfork, MN 56628	August 12, 1912	Full Service Brick and Mortar
1	10773	Kelliher Branch	184 Main St, Kelliher, MN 56650	July 05, 1916	Full Service Brick and Mortar

First State Bank of Bigfork in Bigfork, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

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