FDIC Certificate #: 1386 Status: Active Federal Reserve ID: 799359 Bank Holding Company (Regulatory Top Holder): Mills Financial Services, Inc. (RSSDID: 3666023, Location: Brainerd, MN) Date Established: November 14, 1901 WWW:http://www.millsresolutebank.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 #: 11818 FDIC's unique #: 909 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: September 29, 2008 Last Structure Change Process Date: December 05, 2008 Last Data Update: December 05, 2008 Data Source Date: April 05, 2012
Location
Address: 100 S Main St, Sanborn, MN 56083 County: Redwood 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
Name Change
Financial Summary
Total assets: $24.2 mil Equity capital: $2.4 mil Deposits held in domestic offices: $18.8 mil Return on assets (ROA): 0.67% ($0.2 mil) Quarterly return on assets: 0.60% ($0.1 mil) Return on Equity (ROE): 6.05% ($0.1 mil) Quarterly return on equity: 5.81% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.67% ($162.0 mil) Quarterly Pretax return on assets: 0.60% ($145.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$24,183Total assets
$3,404Cash and due from depository institutions
$2,132Interest-bearing balances
$2,396Securities
$0Federal funds sold & reverse repurchase agreements
$16,826Net loans & leases
$163Loan loss allowance
$0Trading account assets
$119Bank premises and fixed assets
$37Other real estate owned
$983Goodwill and other intangibles
$24,183Life insurance assets
$418All other assets
$21,761Total liabilities and capital
$18,808Total liabilities
$13,996Total deposits
$18,808Interest-bearing deposits
$96Deposits held in domestic offices
200.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,710Trading liabilities
$0Other borrowed funds
$43Subordinated debt
$2,422All other liabilities
$2,422Total equity capital
$2,422Total bank equity capital
$0Perpetual preferred stock
$250Common stock
$2,034Surplus
$138Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$103Income earned, not collected on loans
$0Earning assets
$213Long-term assets (5+ years)
$21,354Average Assets, year-to-date
$5,459Average Assets, quarterly
$21,262Volatile liabilities
$23,141Insider loans
$16,334FHLB advances
$21,602Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,443Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,663Restructured Loans and leases
$32Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$861Total interest income
$217Total interest expense
$644Net interest income
$108Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$109Additional noninterest income
$519Total noninterest expense
$243Salaries and employee benefits
$48Premises and equipment expense
$228Additional noninterest expense
$142Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$142Income before extraordinary items
$0Extraordinary gains - net
$142Net income attributable to bank
$0Net charge-offs
$142Cash dividends
$73Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.17%Cost of funding earning assets
3.48%Net interest margin
0.68%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
0.67%Net operating income to assets
0.67%Return on assets (ROA)
0.67%Pretax return on assets
6.05%Return on equity (ROE)
6.05%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
147.95%Credit loss provision to net charge-offs
3.42%Efficiency ratio
67,490Assets per employee
4.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
158.25%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.61%Net loans and leases to deposits
89.46%Net loans and leases to core deposits
90.87%Equity capital to assets
10.02%Core capital (leverage) ratio
6.68%Tier 1 risk-based capital ratio
8.83%Total risk-based capital ratio
Memoranda
$10Average assets
$21,262Average earning assets
$2,346Average equity
$18,485Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
909
Mills Resolute Bank
100 S Main St, Sanborn, MN 56083
November 14, 1901
Full Service Brick and Mortar
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