FDIC Certificate #: 10170 Status: Active Federal Reserve ID: 810151 Bank Holding Company (Regulatory Top Holder): Flagship Financial Group, Inc. (RSSDID: 1128675, Location: Eden Prairie, MN) Date Established: April 02, 1932 WWW:http://www.flagshipbanks.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) OTS Docket #: 10770 FDIC's unique #: 6511 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: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 01, 2006 Last Structure Change Process Date: March 06, 2007 Last Data Update: March 06, 2007 Data Source Date: April 05, 2012
Location
Address: 110 First Street, North, Winsted, MN 55395 County: Mcleod 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 Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Hutchinson, MN (#26780) CBSA Micro Statistical Area: Yes
History of Changes
Name Change
Financial Summary
Total assets: $39.4 mil Equity capital: $4.0 mil Deposits held in domestic offices: $34.8 mil Return on assets (ROA): -0.16% (-$0.1 mil) Quarterly return on assets: -0.44% (-$0.2 mil) Return on Equity (ROE): -1.58% (-$0.1 mil) Quarterly return on equity: -4.26% (-$0.2 mil) Net income: -$0.1 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.25% (-$98.5 mil) Quarterly Pretax return on assets: -0.69% (-$272.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$39,420Total assets
$11,939Cash and due from depository institutions
$9,741Interest-bearing balances
$1,445Securities
$270Federal funds sold & reverse repurchase agreements
$20,916Net loans & leases
$535Loan loss allowance
$0Trading account assets
$919Bank premises and fixed assets
$1,140Other real estate owned
$564Goodwill and other intangibles
$39,420Life insurance assets
$2,227All other assets
$35,400Total liabilities and capital
$34,753Total liabilities
$27,034Total deposits
$34,753Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$647Subordinated debt
$4,020All other liabilities
$4,020Total equity capital
$4,020Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$3,501Surplus
$459Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$809Income earned, not collected on loans
$0Earning assets
$163Long-term assets (5+ years)
$32,372Average Assets, year-to-date
$1,703Average Assets, quarterly
$40,735Volatile liabilities
$39,462Insider loans
$24,250FHLB advances
$38,682Loans and leases held for sale
$1,370Unused loan commitments
$1,370Tier 1 (core) risk-based capital
$3,208Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,186Restructured Loans and leases
$1,069Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,655Total interest income
$278Total interest expense
$1,377Net interest income
$440Provision for loan and lease losses
$1,105Total noninterest income
$0Fiduciary activities
$195Service charges on deposit accounts
$0Trading account gains & fees
$910Additional noninterest income
$2,172Total noninterest expense
$1,196Salaries and employee benefits
$199Premises and equipment expense
$777Additional noninterest expense
-$130Pre-tax net operating income
$28Securities gains (losses)
-$38Applicable income taxes
-$64Income before extraordinary items
$0Extraordinary gains - net
-$64Net income attributable to bank
$0Net charge-offs
-$64Cash dividends
$553Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.91%Yield on earning assets
0.82%Cost of funding earning assets
4.08%Net interest margin
3.28%Noninterest income to earning assets
6.44%Noninterest expense to earning assets
-0.20%Net operating income to assets
-0.16%Return on assets (ROA)
-0.25%Pretax return on assets
-1.58%Return on equity (ROE)
-1.58%Retained earnings to average equity (YTD only)
2.31%Net charge-offs to loans
79.57%Credit loss provision to net charge-offs
0.56%Efficiency ratio
86,060Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.49%Loss allowance to noncurrent loans
66.13%Noncurrent assets plus other real estate owned to assets
4.94%Noncurrent loans to loans
3.77%Net loans and leases to deposits
60.18%Net loans and leases to core deposits
60.18%Equity capital to assets
10.20%Core capital (leverage) ratio
8.29%Tier 1 risk-based capital ratio
13.23%Total risk-based capital ratio
Memoranda
$14Average assets
$40,735Average earning assets
$4,057Average equity
$33,736Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6511
Flagship Bank Winsted
110 First Street, North, Winsted, MN 55395
April 02, 1932
Full Service Brick and Mortar
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