FDIC Certificate #: 12193 Status: Active Federal Reserve ID: 729459 Bank Holding Company (Regulatory Top Holder): Zumbrota Agency, Inc. (RSSDID: 1123111, Location: Zumbrota, MN) Date Established: July 27, 1931 WWW:http://www.pineislandbank.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 #: 12466 FDIC's unique #: 7744 Numeric code: 21 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: Yes Asset Concentration Hierarchy: Commercial Lending 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: 128 South Main Street, Pine Island, MN 55963 County: Goodhue 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 Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Red Wing, MN (#39860) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $70.8 mil Equity capital: $8.0 mil Deposits held in domestic offices: $56.3 mil Return on assets (ROA): 0.43% ($0.3 mil) Quarterly return on assets: 1.26% ($0.9 mil) Return on Equity (ROE): 3.95% ($0.3 mil) Quarterly return on equity: 11.16% ($0.9 mil) Net income: $0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.43% ($304.5 mil) Quarterly Pretax return on assets: 1.26% ($892.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$70,824Total assets
$5,678Cash and due from depository institutions
$46Interest-bearing balances
$22,142Securities
$51Federal funds sold & reverse repurchase agreements
$38,372Net loans & leases
$612Loan loss allowance
$0Trading account assets
$1,598Bank premises and fixed assets
$657Other real estate owned
$1,216Goodwill and other intangibles
$70,824Life insurance assets
$1,110All other assets
$62,855Total liabilities and capital
$56,323Total liabilities
$46,463Total deposits
$56,323Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,419Trading liabilities
$0Other borrowed funds
$113Subordinated debt
$7,969All other liabilities
$7,969Total equity capital
$7,969Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$5,735Surplus
$1,834Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$719Income earned, not collected on loans
$0Earning assets
$484Long-term assets (5+ years)
$60,611Average Assets, year-to-date
$14,917Average Assets, quarterly
$68,052Volatile liabilities
$69,609Insider loans
$49,091FHLB advances
$67,470Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,775Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,259Restructured Loans and leases
$18Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,952Total interest income
$820Total interest expense
$2,132Net interest income
$318Provision for loan and lease losses
$237Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$163Additional noninterest income
$1,756Total noninterest expense
$881Salaries and employee benefits
$233Premises and equipment expense
$642Additional noninterest expense
$295Pre-tax net operating income
$1Securities gains (losses)
$1Applicable income taxes
$295Income before extraordinary items
$0Extraordinary gains - net
$295Net income attributable to bank
$0Net charge-offs
$295Cash dividends
$59Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
1.39%Cost of funding earning assets
3.60%Net interest margin
0.40%Noninterest income to earning assets
2.97%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.43%Pretax return on assets
3.95%Return on equity (ROE)
3.95%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
538.98%Credit loss provision to net charge-offs
10.39%Efficiency ratio
66,695Assets per employee
4.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
85.12%Noncurrent assets plus other real estate owned to assets
1.94%Noncurrent loans to loans
1.84%Net loans and leases to deposits
68.13%Net loans and leases to core deposits
70.51%Equity capital to assets
11.25%Core capital (leverage) ratio
8.56%Tier 1 risk-based capital ratio
11.76%Total risk-based capital ratio
Memoranda
$13Average assets
$68,052Average earning assets
$7,477Average equity
$59,150Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7744
Pine Island Bank
128 South Main Street, Pine Island, MN 55963
July 27, 1931
Full Service Brick and Mortar
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