FDIC Certificate #: 16778 Status: Active Federal Reserve ID: 48150 Date Established: May 08, 1936 WWW:http://www.franklinstatebank.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 #: 10889 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: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: March 23, 1949 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: 278 2nd Ave E., Franklin, MN 55333 County: Renville 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
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $25.9 mil Equity capital: $3.2 mil Deposits held in domestic offices: $22.4 mil Return on assets (ROA): 0.71% ($0.2 mil) Quarterly return on assets: 0.58% ($0.2 mil) Return on Equity (ROE): 5.98% ($0.2 mil) Quarterly return on equity: 4.82% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 1.15% ($297.9 mil) Quarterly Pretax return on assets: 1.06% ($274.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$25,905Total assets
$6,380Cash and due from depository institutions
$4,761Interest-bearing balances
$2,665Securities
$376Federal funds sold & reverse repurchase agreements
$15,745Net loans & leases
$151Loan loss allowance
$0Trading account assets
$72Bank premises and fixed assets
$46Other real estate owned
$0Goodwill and other intangibles
$25,905Life insurance assets
$621All other assets
$22,735Total liabilities and capital
$22,413Total liabilities
$17,621Total deposits
$22,413Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$125Trading liabilities
$0Other borrowed funds
$197Subordinated debt
$3,170All other liabilities
$3,170Total equity capital
$3,170Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,400Surplus
$670Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$28Income earned, not collected on loans
$0Earning assets
$259Long-term assets (5+ years)
$23,547Average Assets, year-to-date
$3,027Average Assets, quarterly
$25,849Volatile liabilities
$26,103Insider loans
$15,879FHLB advances
$25,998Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,115Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,105Restructured Loans and leases
$92Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,062Total interest income
$242Total interest expense
$820Net interest income
$12Provision for loan and lease losses
$55Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$567Total noninterest expense
$335Salaries and employee benefits
$89Premises and equipment expense
$143Additional noninterest expense
$296Pre-tax net operating income
$0Securities gains (losses)
$113Applicable income taxes
$183Income before extraordinary items
$0Extraordinary gains - net
$183Net income attributable to bank
$0Net charge-offs
$183Cash dividends
$13Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.54%Yield on earning assets
1.03%Cost of funding earning assets
3.50%Net interest margin
0.24%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.15%Pretax return on assets
5.98%Return on equity (ROE)
5.98%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
92.31%Credit loss provision to net charge-offs
23.69%Efficiency ratio
64,800Assets per employee
5.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
539.29%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.18%Net loans and leases to deposits
70.25%Net loans and leases to core deposits
72.52%Equity capital to assets
12.24%Core capital (leverage) ratio
11.98%Tier 1 risk-based capital ratio
19.62%Total risk-based capital ratio
Memoranda
$21Average assets
$25,849Average earning assets
$3,061Average equity
$23,402Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10889
Franklin State Bank
278 2nd Ave E., Franklin, MN 55333
May 08, 1936
Full Service Brick and Mortar
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