FDIC Certificate #: 10202 Status: Active Federal Reserve ID: 457 Bank Holding Company (Regulatory Top Holder): Financial Services Of Lowry, Inc. (RSSDID: 1127016, Location: Lowry, MN) Date Established: October 04, 1899 WWW:http://www.lowrystate.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 #: 6541 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: 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: 400 Florence Avenue, Lowry, MN 56349 County: Pope Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo 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
Financial Summary
Total assets: $37.6 mil Equity capital: $3.5 mil Deposits held in domestic offices: $31.6 mil Return on assets (ROA): 2.59% ($1.0 mil) Quarterly return on assets: 2.60% ($1.0 mil) Return on Equity (ROE): 27.62% ($0.8 mil) Quarterly return on equity: 27.64% ($0.8 mil) Net income: $1.0 mil Quarterly Net income: $0.2 mil Pretax return on assets: 2.59% ($974.3 mil) Quarterly Pretax return on assets: 2.60% ($978.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$37,616Total assets
$1,736Cash and due from depository institutions
$1,524Interest-bearing balances
$172Securities
$2,375Federal funds sold & reverse repurchase agreements
$31,904Net loans & leases
$378Loan loss allowance
$0Trading account assets
$100Bank premises and fixed assets
$195Other real estate owned
$0Goodwill and other intangibles
$37,616Life insurance assets
$1,134All other assets
$34,166Total liabilities and capital
$31,606Total liabilities
$27,645Total deposits
$31,606Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,500Trading liabilities
$0Other borrowed funds
$60Subordinated debt
$3,450All other liabilities
$3,450Total equity capital
$3,450Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$2,740Surplus
$650Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$858Income earned, not collected on loans
$0Earning assets
$258Long-term assets (5+ years)
$35,975Average Assets, year-to-date
$826Average Assets, quarterly
$36,870Volatile liabilities
$37,596Insider loans
$32,191FHLB advances
$37,931Loans and leases held for sale
$549Unused loan commitments
$549Tier 1 (core) risk-based capital
$3,450Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,972Restructured Loans and leases
$1,073Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,235Total interest income
$407Total interest expense
$1,828Net interest income
$30Provision for loan and lease losses
$147Total noninterest income
$0Fiduciary activities
$115Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$989Total noninterest expense
$603Salaries and employee benefits
$81Premises and equipment expense
$305Additional noninterest expense
$956Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$956Income before extraordinary items
$0Extraordinary gains - net
$956Net income attributable to bank
$0Net charge-offs
$956Cash dividends
$63Sale, conversion, retirement of capital stock, net
$918Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.49%Yield on earning assets
1.18%Cost of funding earning assets
5.31%Net interest margin
0.43%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
2.59%Net operating income to assets
2.59%Return on assets (ROA)
2.59%Pretax return on assets
27.62%Return on equity (ROE)
1.10%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
47.62%Credit loss provision to net charge-offs
15.65%Efficiency ratio
50,076Assets per employee
4.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.03%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
44.06%Noncurrent assets plus other real estate owned to assets
2.80%Noncurrent loans to loans
2.66%Net loans and leases to deposits
100.94%Net loans and leases to core deposits
100.94%Equity capital to assets
9.17%Core capital (leverage) ratio
9.10%Tier 1 risk-based capital ratio
10.72%Total risk-based capital ratio
Memoranda
$12Average assets
$36,870Average earning assets
$3,461Average equity
$34,456Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6541
Lowry State Bank
400 Florence Avenue, Lowry, MN 56349
October 04, 1899
Full Service Brick and Mortar
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