FDIC Certificate #: 10960 Status: Active Federal Reserve ID: 88259 Bank Holding Company (Regulatory Top Holder): Janesville Holding Company (RSSDID: 1124284, Location: Janesville, MN) Date Established: January 01, 1898 WWW:http://www.janesvillestatebank.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 #: 11816 FDIC's unique #: 7016 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: December 21, 2006 Last Structure Change Process Date: January 30, 2007 Last Data Update: January 30, 2007 Data Source Date: April 05, 2012
Location
Address: 201 N Main Street, Janesville, MN 56048 County: Waseca 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
Financial Summary
Total assets: $55.4 mil Equity capital: $7.0 mil Deposits held in domestic offices: $44.2 mil Return on assets (ROA): 1.46% ($0.8 mil) Quarterly return on assets: 1.33% ($0.7 mil) Return on Equity (ROE): 11.54% ($0.8 mil) Quarterly return on equity: 10.24% ($0.7 mil) Net income: $0.8 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.46% ($809.0 mil) Quarterly Pretax return on assets: 1.33% ($737.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$55,410Total assets
$7,480Cash and due from depository institutions
$4,915Interest-bearing balances
$9,431Securities
$1,500Federal funds sold & reverse repurchase agreements
$33,165Net loans & leases
$550Loan loss allowance
$0Trading account assets
$566Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$55,410Life insurance assets
$3,268All other assets
$48,374Total liabilities and capital
$44,216Total liabilities
$34,313Total deposits
$44,216Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,627Trading liabilities
$0Other borrowed funds
$531Subordinated debt
$7,036All other liabilities
$7,036Total equity capital
$7,036Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$4,400Surplus
$2,536Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$115Income earned, not collected on loans
$0Earning assets
$320Long-term assets (5+ years)
$49,011Average Assets, year-to-date
$7,378Average Assets, quarterly
$52,808Volatile liabilities
$53,583Insider loans
$42,113FHLB advances
$52,979Loans and leases held for sale
$2,417Unused loan commitments
$2,045Tier 1 (core) risk-based capital
$6,891Tier 2 risk-based capital
$0Total risk weighted assets
$372Total unused commitments
$5,138Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,220Total interest income
$490Total interest expense
$1,730Net interest income
$0Provision for loan and lease losses
$311Total noninterest income
$0Fiduciary activities
$121Service charges on deposit accounts
$0Trading account gains & fees
$190Additional noninterest income
$1,273Total noninterest expense
$819Salaries and employee benefits
$100Premises and equipment expense
$354Additional noninterest expense
$768Pre-tax net operating income
$2Securities gains (losses)
$0Applicable income taxes
$770Income before extraordinary items
$0Extraordinary gains - net
$770Net income attributable to bank
$0Net charge-offs
$770Cash dividends
-$39Sale, conversion, retirement of capital stock, net
$135Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.72%Yield on earning assets
1.04%Cost of funding earning assets
3.68%Net interest margin
0.66%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
1.45%Net operating income to assets
1.46%Return on assets (ROA)
1.46%Pretax return on assets
11.54%Return on equity (ROE)
9.52%Retained earnings to average equity (YTD only)
-0.12%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,371Assets per employee
5.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.53%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
478.26%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.34%Net loans and leases to deposits
75.01%Net loans and leases to core deposits
76.11%Equity capital to assets
12.70%Core capital (leverage) ratio
13.01%Tier 1 risk-based capital ratio
16.36%Total risk-based capital ratio
Memoranda
$18Average assets
$52,808Average earning assets
$6,671Average equity
$47,025Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7016
Janesville State Bank
201 N Main Street, Janesville, MN 56048
January 01, 1898
Full Service Brick and Mortar
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