FDIC Certificate #: 8220 Status: Active Federal Reserve ID: 705958 Bank Holding Company (Regulatory Top Holder): First Citizens Financial Corp. (RSSDID: 1203509, Location: Mason City, IA) Date Established: May 01, 1917 WWW:http://www.kanabecstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 11606 FDIC's unique #: 5243 Numeric code: 13 Regulator: FED 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: Mortgage Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 26, 2009 Last Structure Change Process Date: March 04, 2010 Last Data Update: March 04, 2010 Data Source Date: April 05, 2012
Location
Address: 730 Forest Ave. E, Mora, MN 55051 County: Kanabec 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
History of Changes
Change in Location
Financial Summary
Total assets: $138.4 mil Equity capital: $17.4 mil Deposits held in domestic offices: $118.4 mil Return on assets (ROA): 0.45% ($0.6 mil) Quarterly return on assets: 0.22% ($0.3 mil) Return on Equity (ROE): 3.49% ($0.6 mil) Quarterly return on equity: 1.73% ($0.3 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.45% ($622.7 mil) Quarterly Pretax return on assets: 0.22% ($304.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
23Total employees (full-time equivalent)
$138,375Total assets
$3,656Cash and due from depository institutions
$2,899Interest-bearing balances
$67,331Securities
$6,300Federal funds sold & reverse repurchase agreements
$53,375Net loans & leases
$1,255Loan loss allowance
$0Trading account assets
$3,292Bank premises and fixed assets
$280Other real estate owned
$0Goodwill and other intangibles
$138,375Life insurance assets
$4,141All other assets
$120,992Total liabilities and capital
$118,401Total liabilities
$105,899Total deposits
$118,401Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$591Subordinated debt
$17,383All other liabilities
$17,383Total equity capital
$17,383Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$5,204Surplus
$11,879Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,930Income earned, not collected on loans
$249Earning assets
$516Long-term assets (5+ years)
$129,905Average Assets, year-to-date
$10,495Average Assets, quarterly
$134,060Volatile liabilities
$137,931Insider loans
$67,426FHLB advances
$135,339Loans and leases held for sale
$2,185Unused loan commitments
$2,185Tier 1 (core) risk-based capital
$16,569Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,543Restructured Loans and leases
$110Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,073Total interest income
$1,165Total interest expense
$3,908Net interest income
$822Provision for loan and lease losses
$479Total noninterest income
$0Fiduciary activities
$336Service charges on deposit accounts
$0Trading account gains & fees
$143Additional noninterest income
$3,016Total noninterest expense
$1,507Salaries and employee benefits
$467Premises and equipment expense
$1,042Additional noninterest expense
$549Pre-tax net operating income
$50Securities gains (losses)
$2Applicable income taxes
$597Income before extraordinary items
$0Extraordinary gains - net
$597Net income attributable to bank
$0Net charge-offs
$597Cash dividends
$1,255Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.05%Yield on earning assets
0.93%Cost of funding earning assets
3.12%Net interest margin
0.38%Noninterest income to earning assets
2.41%Noninterest expense to earning assets
0.41%Net operating income to assets
0.45%Return on assets (ROA)
0.45%Pretax return on assets
3.49%Return on equity (ROE)
1.74%Retained earnings to average equity (YTD only)
2.17%Net charge-offs to loans
65.50%Credit loss provision to net charge-offs
1.09%Efficiency ratio
68,749Assets per employee
6.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.25%Loss allowance to loans
2.30%Loss allowance to noncurrent loans
65.03%Noncurrent assets plus other real estate owned to assets
1.60%Noncurrent loans to loans
3.53%Net loans and leases to deposits
45.08%Net loans and leases to core deposits
49.10%Equity capital to assets
12.56%Core capital (leverage) ratio
12.24%Tier 1 risk-based capital ratio
24.57%Total risk-based capital ratio
Memoranda
$26Average assets
$134,060Average earning assets
$17,099Average equity
$125,373Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5243
Kanabec State Bank
730 Forest Ave. E, Mora, MN 55051
May 01, 1917
Full Service Brick and Mortar
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