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

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

First State Bank of Le Center - Overview

General
FDIC Certificate #: 9330
Status: Active
Federal Reserve ID: 986159
Bank Holding Company (Regulatory Top Holder): First State Agency Of Le Center, Inc. (RSSDID: 1127940, Location: Le Center, MN)
Date Established: January 01, 1902
WWW: http://www.fsblecenter.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)
FDIC's unique #: 5984
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: 88 North Park Avenue, Le Center, MN 56057
County: Le Sueur
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $68.0 mil
Equity capital: $7.7 mil
Deposits held in domestic offices: $59.5 mil
Return on assets (ROA): 1.89% ($1.3 mil)
Quarterly return on assets: 1.11% ($0.8 mil)
Return on Equity (ROE): 17.19% ($1.4 mil)
Quarterly return on equity: 9.84% ($0.8 mil)
Net income: $1.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.89% ($1,285.1 mil)
Quarterly Pretax return on assets: 1.11% ($754.7 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)
$67,994Total assets
$8,415Cash and due from depository institutions
$4,749Interest-bearing balances
$13,311Securities
$0Federal funds sold & reverse repurchase agreements
$42,672Net loans & leases
$556Loan loss allowance
$0Trading account assets
$777Bank premises and fixed assets
$231Other real estate owned
$0Goodwill and other intangibles
$67,994Life insurance assets
$2,588All other assets
$60,262Total liabilities and capital
$59,505Total liabilities
$48,435Total deposits
$59,505Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$346Trading liabilities
$0Other borrowed funds
$411Subordinated debt
$7,732All other liabilities
$7,732Total equity capital
$7,732Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$4,000Surplus
$3,632Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$112Income earned, not collected on loans
$0Earning assets
$668Long-term assets (5+ years)
$60,732Average Assets, year-to-date
$8,214Average Assets, quarterly
$66,210Volatile liabilities
$67,152Insider loans
$49,112FHLB advances
$67,699Loans and leases held for sale
$1,498Unused loan commitments
$1,498Tier 1 (core) risk-based capital
$7,228Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,276Restructured Loans and leases
$362Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,511Total interest income
$541Total interest expense
$2,970Net interest income
$163Provision for loan and lease losses
$588Total noninterest income
$0Fiduciary activities
$282Service charges on deposit accounts
$0Trading account gains & fees
$306Additional noninterest income
$2,144Total noninterest expense
$1,491Salaries and employee benefits
$158Premises and equipment expense
$495Additional noninterest expense
$1,251Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$1,250Income before extraordinary items
$0Extraordinary gains - net
$1,250Net income attributable to bank
$0Net charge-offs
$1,250Cash dividends
$184Sale, conversion, retirement of capital stock, net
$828Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.93%Yield on earning assets
0.91%Cost of funding earning assets
5.02%Net interest margin
0.99%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
1.89%Net operating income to assets
1.89%Return on assets (ROA)
1.89%Pretax return on assets
17.19%Return on equity (ROE)
5.80%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
88.59%Credit loss provision to net charge-offs
7.68%Efficiency ratio
60,259Assets per employee
3.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.24%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
496.43%Noncurrent assets plus other real estate owned to assets
0.50%Noncurrent loans to loans
0.26%Net loans and leases to deposits
71.71%Net loans and leases to core deposits
72.75%Equity capital to assets
11.37%Core capital (leverage) ratio
10.68%Tier 1 risk-based capital ratio
14.72%Total risk-based capital ratio
Memoranda
$16Average assets
$66,210Average earning assets
$7,271Average equity
$59,222Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	5984	First State Bank Of Le Center	88 North Park Avenue, Le Center, MN 56057	January 01, 1902	Full Service Brick and Mortar
1	334469	Henderson Branch	239 Main Street, Henderson, MN 56044	April 19, 1999	Full Service Brick and Mortar

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

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

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