FDIC Certificate #: 10186 Status: Active Federal Reserve ID: 16953 Bank Holding Company (Regulatory Top Holder): Fertile Bancshares, Inc. (RSSDID: 1126952, Location: Fertile, MN) Date Established: December 12, 1887 WWW:http://www.fsbfertile.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) FDIC's unique #: 6526 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: 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: 114 Mill Street North, Fertile, MN 56540 County: Polk 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 Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985) Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220) CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $35.0 mil Equity capital: $5.3 mil Deposits held in domestic offices: $29.6 mil Return on assets (ROA): 0.61% ($0.2 mil) Quarterly return on assets: 0.45% ($0.2 mil) Return on Equity (ROE): 4.10% ($0.2 mil) Quarterly return on equity: 2.85% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.61% ($213.5 mil) Quarterly Pretax return on assets: 0.45% ($157.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$35,002Total assets
$9,220Cash and due from depository institutions
$7,779Interest-bearing balances
$11,012Securities
$0Federal funds sold & reverse repurchase agreements
$14,277Net loans & leases
$108Loan loss allowance
$0Trading account assets
$84Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$35,002Life insurance assets
$409All other assets
$29,659Total liabilities and capital
$29,593Total liabilities
$22,707Total deposits
$29,593Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$66Subordinated debt
$5,343All other liabilities
$5,343Total equity capital
$5,343Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,775Surplus
$2,468Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$80Income earned, not collected on loans
$0Earning assets
$340Long-term assets (5+ years)
$33,068Average Assets, year-to-date
$11,910Average Assets, quarterly
$33,948Volatile liabilities
$34,048Insider loans
$18,848FHLB advances
$35,061Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,196Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$140Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,454Total interest income
$182Total interest expense
$1,272Net interest income
$53Provision for loan and lease losses
$81Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$19Additional noninterest income
$1,093Total noninterest expense
$754Salaries and employee benefits
$62Premises and equipment expense
$277Additional noninterest expense
$207Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$207Income before extraordinary items
$0Extraordinary gains - net
$207Net income attributable to bank
$0Net charge-offs
$207Cash dividends
$36Sale, conversion, retirement of capital stock, net
$170Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.49%Yield on earning assets
0.56%Cost of funding earning assets
3.93%Net interest margin
0.25%Noninterest income to earning assets
3.38%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.61%Pretax return on assets
4.10%Return on equity (ROE)
0.73%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
147.22%Credit loss provision to net charge-offs
7.22%Efficiency ratio
80,783Assets per employee
4.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.13%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
135.00%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.56%Net loans and leases to deposits
48.24%Net loans and leases to core deposits
48.24%Equity capital to assets
15.26%Core capital (leverage) ratio
14.82%Tier 1 risk-based capital ratio
27.57%Total risk-based capital ratio
Memoranda
$28Average assets
$33,948Average earning assets
$5,047Average equity
$32,381Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6526
First State Bank Of Fertile
114 Mill Street North, Fertile, MN 56540
December 12, 1887
Full Service Brick and Mortar
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