FDIC Certificate #: 26519 Status: Active Federal Reserve ID: 943853 Date Established: December 20, 1985 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 #: 33221 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: December 20, 1985 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: September 23, 2010 Last Data Update: September 23, 2010 Data Source Date: April 05, 2012
Location
Address: 205 Main St, Frost, MN 56033 County: Faribault 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
Change in Location
Financial Summary
Total assets: $32.1 mil Equity capital: $3.3 mil Deposits held in domestic offices: $27.7 mil Return on assets (ROA): 1.41% ($0.5 mil) Quarterly return on assets: 1.18% ($0.4 mil) Return on Equity (ROE): 14.27% ($0.4 mil) Quarterly return on equity: 11.38% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 2.27% ($727.6 mil) Quarterly Pretax return on assets: 1.76% ($564.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$32,054Total assets
$1,836Cash and due from depository institutions
$200Interest-bearing balances
$1,710Securities
$0Federal funds sold & reverse repurchase agreements
$27,840Net loans & leases
$318Loan loss allowance
$0Trading account assets
$55Bank premises and fixed assets
$75Other real estate owned
$0Goodwill and other intangibles
$32,054Life insurance assets
$538All other assets
$28,739Total liabilities and capital
$27,659Total liabilities
$24,569Total deposits
$27,659Interest-bearing deposits
$98Deposits held in domestic offices
925.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$155Subordinated debt
$3,315All other liabilities
$3,315Total equity capital
$3,315Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,400Surplus
$815Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$373Income earned, not collected on loans
$0Earning assets
$434Long-term assets (5+ years)
$29,750Average Assets, year-to-date
$806Average Assets, quarterly
$31,227Volatile liabilities
$31,553Insider loans
$28,338FHLB advances
$31,362Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,307Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,010Restructured Loans and leases
$203Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,663Total interest income
$424Total interest expense
$1,239Net interest income
$100Provision for loan and lease losses
$117Total noninterest income
$0Fiduciary activities
$99Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$547Total noninterest expense
$333Salaries and employee benefits
$71Premises and equipment expense
$143Additional noninterest expense
$709Pre-tax net operating income
$0Securities gains (losses)
$269Applicable income taxes
$440Income before extraordinary items
$0Extraordinary gains - net
$440Net income attributable to bank
$0Net charge-offs
$440Cash dividends
$140Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.72%Yield on earning assets
1.46%Cost of funding earning assets
4.26%Net interest margin
0.40%Noninterest income to earning assets
1.88%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
2.27%Pretax return on assets
14.27%Return on equity (ROE)
14.27%Retained earnings to average equity (YTD only)
0.52%Net charge-offs to loans
71.43%Credit loss provision to net charge-offs
5.78%Efficiency ratio
40,339Assets per employee
5.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
85.25%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
1.32%Net loans and leases to deposits
100.65%Net loans and leases to core deposits
124.20%Equity capital to assets
10.34%Core capital (leverage) ratio
10.54%Tier 1 risk-based capital ratio
11.67%Total risk-based capital ratio
Memoranda
$13Average assets
$31,227Average earning assets
$3,084Average equity
$29,077Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
33221
Frost State Bank
205 Main St, Frost, MN 56033
December 20, 1985
Full Service Brick and Mortar
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