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

First State Bank of Wabasha in Wabasha, Minnesota (MN)
Show street view No street view available for this location

First State Bank of Wabasha routing number info

First State Bank of Wabasha - Overview

General
FDIC Certificate #: 15804
Status: Active
Federal Reserve ID: 835958
Bank Holding Company (Regulatory Top Holder): Wabasha Holding Company (RSSDID: 1128983, Location: Wabasha, MN)
Date Established: August 09, 1881
WWW: http://www.fsbwabasha.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 #: 11209
FDIC's unique #: 10048
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: Yes
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
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: 111 West Main Street, Wabasha, MN 55981
County: Wabasha
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): Rochester, MN (#40340)
CBSA Metro Statistical Area: Rochester, MN (#40340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $114.8 mil
Equity capital: $11.3 mil
Deposits held in domestic offices: $102.9 mil
Return on assets (ROA): 0.58% ($0.7 mil)
Quarterly return on assets: 0.80% ($0.9 mil)
Return on Equity (ROE): 6.34% ($0.7 mil)
Quarterly return on equity: 8.01% ($0.9 mil)
Net income: $0.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.58% ($666.0 mil)
Quarterly Pretax return on assets: 0.80% ($918.6 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
22Total employees (full-time equivalent)
$114,822Total assets
$7,065Cash and due from depository institutions
$1,766Interest-bearing balances
$57,663Securities
$5,401Federal funds sold & reverse repurchase agreements
$39,728Net loans & leases
$1,262Loan loss allowance
$0Trading account assets
$472Bank premises and fixed assets
$1,003Other real estate owned
$0Goodwill and other intangibles
$114,822Life insurance assets
$3,490All other assets
$103,479Total liabilities and capital
$102,915Total liabilities
$91,213Total deposits
$102,915Interest-bearing deposits
$86Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$564Subordinated debt
$11,343All other liabilities
$11,343Total equity capital
$11,343Total bank equity capital
$0Perpetual preferred stock
$285Common stock
$6,600Surplus
$4,458Undivided profits
Memoranda
$0Noncurrent loans and leases
$190Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,803Income earned, not collected on loans
$0Earning assets
$591Long-term assets (5+ years)
$104,558Average Assets, year-to-date
$56,059Average Assets, quarterly
$112,951Volatile liabilities
$113,497Insider loans
$54,271FHLB advances
$116,749Loans and leases held for sale
$2,261Unused loan commitments
$2,261Tier 1 (core) risk-based capital
$9,987Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,380Restructured Loans and leases
$1,932Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,242Total interest income
$1,378Total interest expense
$2,864Net interest income
$631Provision for loan and lease losses
$635Total noninterest income
$0Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$406Additional noninterest income
$2,216Total noninterest expense
$1,275Salaries and employee benefits
$343Premises and equipment expense
$598Additional noninterest expense
$652Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$650Income before extraordinary items
$0Extraordinary gains - net
$650Net income attributable to bank
$0Net charge-offs
$650Cash dividends
$383Sale, conversion, retirement of capital stock, net
$171Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.11%Yield on earning assets
1.34%Cost of funding earning assets
2.78%Net interest margin
0.62%Noninterest income to earning assets
2.15%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.58%Pretax return on assets
6.34%Return on equity (ROE)
4.67%Retained earnings to average equity (YTD only)
0.92%Net charge-offs to loans
164.75%Credit loss provision to net charge-offs
3.35%Efficiency ratio
63,332Assets per employee
5.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.31%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
69.99%Noncurrent assets plus other real estate owned to assets
2.44%Noncurrent loans to loans
4.40%Net loans and leases to deposits
38.60%Net loans and leases to core deposits
42.44%Equity capital to assets
9.88%Core capital (leverage) ratio
8.55%Tier 1 risk-based capital ratio
18.40%Total risk-based capital ratio
Memoranda
$20Average assets
$112,951Average earning assets
$10,255Average equity
$103,105Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	10048	First State Bank Of Wabasha	111 West Main Street, Wabasha, MN 55981	August 09, 1881	Full Service Brick and Mortar
1	235523	Detached Facility	Dodge And Belvidere, Kellogg, MN 55945	September 25, 1978	Limited Service Facility

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

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

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