Paragon Bank in city_name, state_name - Detailed Financial Reports, Location

Paragon Bank in Wells, Minnesota (MN)
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Paragon Bank routing number info

Paragon Bank - Overview

General
FDIC Certificate #: 9772
Status: Active
Federal Reserve ID: 776752
Bank Holding Company (Regulatory Top Holder): Southern Minnesota Bancshares, Inc. (RSSDID: 1128750, Location: Wells, MN)
Date Established: August 31, 1925
WWW: http://www.paragonbankmn.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 14116
FDIC's unique #: 6256
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: No
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: 190 South Broadway, Wells, MN 56097
County: Faribault
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
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $31.0 mil
Equity capital: $2.6 mil
Deposits held in domestic offices: $28.1 mil
Return on assets (ROA): 0.40% ($0.1 mil)
Quarterly return on assets: 0.71% ($0.2 mil)
Return on Equity (ROE): 5.03% ($0.2 mil)
Quarterly return on equity: 8.97% ($0.3 mil)
Net income: $0.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.46% ($142.8 mil)
Quarterly Pretax return on assets: 0.77% ($239.0 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
13Total employees (full-time equivalent)
$31,045Total assets
$4,977Cash and due from depository institutions
$3,979Interest-bearing balances
$1,026Securities
$505Federal funds sold & reverse repurchase agreements
$22,834Net loans & leases
$499Loan loss allowance
$0Trading account assets
$603Bank premises and fixed assets
$667Other real estate owned
$0Goodwill and other intangibles
$31,045Life insurance assets
$433All other assets
$28,476Total liabilities and capital
$28,088Total liabilities
$23,157Total deposits
$28,088Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$388Subordinated debt
$2,569All other liabilities
$2,569Total equity capital
$2,569Total bank equity capital
$0Perpetual preferred stock
$120Common stock
$2,712Surplus
$-263Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$355Income earned, not collected on loans
$0Earning assets
$224Long-term assets (5+ years)
$28,344Average Assets, year-to-date
$2,008Average Assets, quarterly
$31,502Volatile liabilities
$32,307Insider loans
$21,137FHLB advances
$30,597Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,550Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,502Restructured Loans and leases
$98Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$1,567Total interest income
$184Total interest expense
$1,383Net interest income
$94Provision for loan and lease losses
$50Total noninterest income
$0Fiduciary activities
$72Service charges on deposit accounts
$0Trading account gains & fees
-$22Additional noninterest income
$1,232Total noninterest expense
$611Salaries and employee benefits
$209Premises and equipment expense
$412Additional noninterest expense
$107Pre-tax net operating income
$38Securities gains (losses)
$20Applicable income taxes
$125Income before extraordinary items
$0Extraordinary gains - net
$125Net income attributable to bank
$0Net charge-offs
$125Cash dividends
$200Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
0.63%Cost of funding earning assets
4.73%Net interest margin
0.17%Noninterest income to earning assets
4.22%Noninterest expense to earning assets
0.29%Net operating income to assets
0.40%Return on assets (ROA)
0.46%Pretax return on assets
5.03%Return on equity (ROE)
5.03%Retained earnings to average equity (YTD only)
0.90%Net charge-offs to loans
47.00%Credit loss provision to net charge-offs
1.00%Efficiency ratio
85,973Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.14%Loss allowance to noncurrent loans
140.56%Noncurrent assets plus other real estate owned to assets
3.29%Noncurrent loans to loans
1.52%Net loans and leases to deposits
81.29%Net loans and leases to core deposits
81.29%Equity capital to assets
8.28%Core capital (leverage) ratio
8.33%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$31,502Average earning assets
$2,483Average equity
$29,224Average loans

List of branches

2 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	6256	Paragon Bank	190 South Broadway, Wells, MN 56097	August 31, 1925	Full Service Brick and Mortar
1	359988	Shakopee Branch	115 1st Avenue East, Shakopee, MN 55379	August 01, 2000	Full Service Brick and Mortar

Paragon Bank in Wells, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Paragon Bank - 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:

Paragon Bank in Wells, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Paragon Bank - 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:

Paragon Bank in Wells, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches