Profinium Financial, Inc. in city_name, state_name - Detailed Financial Reports, Location

Profinium Financial, Inc. in Truman, Minnesota (MN)
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Profinium Financial, Inc. routing number info

Profinium Financial, Inc. - Overview

General
FDIC Certificate #: 1905
Status: Active
Federal Reserve ID: 865450
Bank Holding Company (Regulatory Top Holder): Profinium Financial Holdings, Inc. (RSSDID: 1128527, Location: Fairmont, MN)
Date Established: May 12, 1916
WWW: http://www.profinium.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 1270
Numeric code: 13
Regulator: FED
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: 414 North Fifth Avenue East, Truman, MN 56088
County: Martin
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
Core Based Statistical Area (CBSA): Fairmont, MN (#21860)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $312.9 mil
Equity capital: $30.7 mil
Deposits held in domestic offices: $263.5 mil
Return on assets (ROA): 0.46% ($1.4 mil)
Quarterly return on assets: 0.60% ($1.9 mil)
Return on Equity (ROE): 4.74% ($1.5 mil)
Quarterly return on equity: 5.99% ($1.9 mil)
Net income: $1.4 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.71% ($2,221.3 mil)
Quarterly Pretax return on assets: 0.94% ($2,940.9 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
69Total employees (full-time equivalent)
$312,857Total assets
$25,450Cash and due from depository institutions
$20,192Interest-bearing balances
$71,755Securities
$0Federal funds sold & reverse repurchase agreements
$196,286Net loans & leases
$3,919Loan loss allowance
$0Trading account assets
$5,283Bank premises and fixed assets
$4,369Other real estate owned
$3,816Goodwill and other intangibles
$312,857Life insurance assets
$5,898All other assets
$282,171Total liabilities and capital
$263,542Total liabilities
$222,779Total deposits
$263,542Interest-bearing deposits
$85Deposits held in domestic offices
5705.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$12,000Trading liabilities
$0Other borrowed funds
$924Subordinated debt
$30,686All other liabilities
$30,686Total equity capital
$30,686Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$17,673Surplus
$12,913Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,306Income earned, not collected on loans
$0Earning assets
$1,713Long-term assets (5+ years)
$288,233Average Assets, year-to-date
$67,600Average Assets, quarterly
$305,300Volatile liabilities
$307,472Insider loans
$221,529FHLB advances
$308,812Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$26,263Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$34,563Restructured Loans and leases
$2,355Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$13,272Total interest income
$2,872Total interest expense
$10,400Net interest income
$400Provision for loan and lease losses
$1,457Total noninterest income
$98Fiduciary activities
$460Service charges on deposit accounts
$0Trading account gains & fees
$899Additional noninterest income
$9,282Total noninterest expense
$5,015Salaries and employee benefits
$725Premises and equipment expense
$3,542Additional noninterest expense
$2,175Pre-tax net operating income
$0Securities gains (losses)
$764Applicable income taxes
$1,411Income before extraordinary items
$0Extraordinary gains - net
$1,411Net income attributable to bank
$0Net charge-offs
$1,411Cash dividends
$1,692Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.74%Yield on earning assets
1.03%Cost of funding earning assets
3.72%Net interest margin
0.52%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.71%Pretax return on assets
4.74%Return on equity (ROE)
4.74%Retained earnings to average equity (YTD only)
0.84%Net charge-offs to loans
23.64%Credit loss provision to net charge-offs
1.52%Efficiency ratio
78,283Assets per employee
4.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
91.01%Noncurrent assets plus other real estate owned to assets
2.77%Noncurrent loans to loans
2.15%Net loans and leases to deposits
74.48%Net loans and leases to core deposits
81.59%Equity capital to assets
9.81%Core capital (leverage) ratio
8.50%Tier 1 risk-based capital ratio
11.86%Total risk-based capital ratio
Memoranda
$13Average assets
$305,300Average earning assets
$29,748Average equity
$279,939Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$25,486Managed Assets
1Number of Accounts
$13,957Personal trust and agency accounts
$13,389Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$568Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
42Number of Accounts
$0Personal trust and agency accounts
$568Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$11,529Other retirement accounts
$7,989Corporate trust and agency accounts
$0Other fiduciary accounts
$812Fiduciary accounts held in foreign offices

List of branches

3 Minnesota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1270	Profinium Financial, Inc.	414 North Fifth Avenue East, Truman, MN 56088	May 12, 1916	Full Service Brick and Mortar
1	3445	Fairmont Branch	105 Lake Avenue, Fairmont, MN 56031	January 01, 1875	Full Service Brick and Mortar
2	453110	Profinium Financial, Owatonna Branch	1080 West Frontage Road, Owatonna, MN 55060	March 27, 2006	Full Service Brick and Mortar

Profinium Financial, Inc. in Truman, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Profinium Financial, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Profinium Financial, Inc. in Truman, Minnesota (MN)Overview, Financial Summary, Detailed Financial Reports, Branches

Profinium Financial, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

Profinium Financial, Inc. in Truman, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches