Minnesota First Credit and Savings, Incorporated in city_name, state_name

Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)
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Minnesota First Credit and Savings, Incorporated routing number info

Minnesota First Credit and Savings, Incorporated - Overview

General
FDIC Certificate #: 26755
Status: Active
Federal Reserve ID: 821559
Date Established: January 01, 1956
WWW: http://www.minnesota-first.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 13707
FDIC's unique #: 35871
Numeric code: 23
Regulator: FDIC
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: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: August 07, 1986
Last Structure Change Effective Date: December 14, 2009
Last Structure Change Process Date: December 23, 2009
Last Data Update: December 23, 2009
Data Source Date: April 05, 2012
Location
Address: 1932 Viking Drive Northwest, Rochester, MN 55901
County: Olmsted
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
Metropolitan Statistical Area (MSA): Rochester, MN (#6820)
Core Based Statistical Area (CBSA): Rochester, MN (#40340)
CBSA Metro Statistical Area: Rochester, MN (#40340)
History of Changes
Change in Location
Financial Summary
Total assets: $29.6 mil
Equity capital: $3.5 mil
Deposits held in domestic offices: $24.5 mil
Return on assets (ROA): 0.63% ($0.2 mil)
Quarterly return on assets: 0.47% ($0.1 mil)
Return on Equity (ROE): 5.34% ($0.2 mil)
Quarterly return on equity: 3.91% ($0.1 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 1.04% ($307.6 mil)
Quarterly Pretax return on assets: 0.85% ($251.4 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
14Total employees (full-time equivalent)
$29,578Total assets
$1,687Cash and due from depository institutions
$248Interest-bearing balances
$0Securities
$100Federal funds sold & reverse repurchase agreements
$26,393Net loans & leases
$352Loan loss allowance
$0Trading account assets
$882Bank premises and fixed assets
$110Other real estate owned
$0Goodwill and other intangibles
$29,578Life insurance assets
$406All other assets
$26,081Total liabilities and capital
$24,500Total liabilities
$24,500Total deposits
$24,500Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,351Trading liabilities
$0Other borrowed funds
$230Subordinated debt
$3,497All other liabilities
$3,497Total equity capital
$3,497Total bank equity capital
$0Perpetual preferred stock
$208Common stock
$1,553Surplus
$1,736Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$334Income earned, not collected on loans
$0Earning assets
$118Long-term assets (5+ years)
$26,741Average Assets, year-to-date
$1,194Average Assets, quarterly
$28,927Volatile liabilities
$29,236Insider loans
$20,765FHLB advances
$29,251Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,497Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$2,411Total interest income
$523Total interest expense
$1,888Net interest income
$152Provision for loan and lease losses
$88Total noninterest income
$0Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$1,522Total noninterest expense
$894Salaries and employee benefits
$206Premises and equipment expense
$422Additional noninterest expense
$302Pre-tax net operating income
$0Securities gains (losses)
$120Applicable income taxes
$182Income before extraordinary items
$0Extraordinary gains - net
$182Net income attributable to bank
$0Net charge-offs
$182Cash 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)
8.88%Yield on earning assets
1.93%Cost of funding earning assets
6.96%Net interest margin
0.32%Noninterest income to earning assets
5.61%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
1.04%Pretax return on assets
5.34%Return on equity (ROE)
5.34%Retained earnings to average equity (YTD only)
0.52%Net charge-offs to loans
108.57%Credit loss provision to net charge-offs
3.24%Efficiency ratio
77,024Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
105.39%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
1.25%Net loans and leases to deposits
107.73%Net loans and leases to core deposits
113.95%Equity capital to assets
11.82%Core capital (leverage) ratio
11.96%Tier 1 risk-based capital ratio
16.84%Total risk-based capital ratio
Memoranda
$18Average assets
$28,927Average earning assets
$3,410Average equity
$27,143Average loans

List of branches

4 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	35871	Minnesota First Credit And Savings, Incorporated	1932 Viking Drive Northwest, Rochester, MN 55901	January 01, 1956	Full Service Brick and Mortar
3	260116	Owatonna Branch	111 North Cedar, Owatonna, MN 55060	January 01, 1956	Full Service Brick and Mortar
5	260118	Winona Branch	1858 North Service Drive, Winona, MN 55987	January 01, 1956	Full Service Brick and Mortar
6	491104	Red Wing	144 Tyler Road North, Red Wing, MN 55066	June 01, 2009	Full Service Brick and Mortar

Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Minnesota First Credit and Savings, Incorporated - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Minnesota First Credit and Savings, Incorporated - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Minnesota First Credit and Savings, Incorporated in Rochester, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches