FDIC Certificate #: 8829 Status: Active Federal Reserve ID: 372257 Date Established: August 21, 1903 WWW:http://www.statebankcg.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) FDIC's unique #: 5624 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: July 16, 2010 Last Structure Change Process Date: July 29, 2010 Last Data Update: July 29, 2010 Data Source Date: April 05, 2012
Location
Address: 2401 Bridge Avenue, Albert Lea, MN 56007 County: Freeborn 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 Core Based Statistical Area (CBSA): Albert Lea, MN (#10660) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Financial Summary
Total assets: $19.6 mil Equity capital: $2.6 mil Deposits held in domestic offices: $17.0 mil Return on assets (ROA): 0.07% ($0.0 mil) Quarterly return on assets: -1.47% (-$0.3 mil) Return on Equity (ROE): 0.53% ($0.0 mil) Quarterly return on equity: -10.80% (-$0.3 mil) Net income: $0.0 mil Quarterly Net income: -$0.1 mil Pretax return on assets: 0.07% ($13.7 mil) Quarterly Pretax return on assets: -1.47% (-$288.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$19,633Total assets
$7,626Cash and due from depository institutions
$6,035Interest-bearing balances
$1,474Securities
$1,000Federal funds sold & reverse repurchase agreements
$8,257Net loans & leases
$170Loan loss allowance
$0Trading account assets
$970Bank premises and fixed assets
$121Other real estate owned
$0Goodwill and other intangibles
$19,633Life insurance assets
$185All other assets
$17,039Total liabilities and capital
$17,023Total liabilities
$11,358Total deposits
$17,023Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$16Subordinated debt
$2,594All other liabilities
$2,594Total equity capital
$2,594Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$1,450Surplus
$1,094Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$47Income earned, not collected on loans
$0Earning assets
$120Long-term assets (5+ years)
$16,766Average Assets, year-to-date
$3,115Average Assets, quarterly
$18,777Volatile liabilities
$19,278Insider loans
$11,804FHLB advances
$21,537Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,589Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$77Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$649Total interest income
$49Total interest expense
$600Net interest income
$0Provision for loan and lease losses
$67Total noninterest income
$0Fiduciary activities
$56Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$653Total noninterest expense
$337Salaries and employee benefits
$135Premises and equipment expense
$181Additional noninterest expense
$14Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$14Income before extraordinary items
$0Extraordinary gains - net
$14Net income attributable to bank
$0Net charge-offs
$14Cash dividends
$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.03%Yield on earning assets
0.30%Cost of funding earning assets
3.73%Net interest margin
0.42%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
0.07%Net operating income to assets
0.07%Return on assets (ROA)
0.07%Pretax return on assets
0.53%Return on equity (ROE)
0.53%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
2.80%Efficiency ratio
97,901Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
361.70%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
0.56%Net loans and leases to deposits
48.50%Net loans and leases to core deposits
48.50%Equity capital to assets
13.21%Core capital (leverage) ratio
12.02%Tier 1 risk-based capital ratio
21.93%Total risk-based capital ratio
Memoranda
$23Average assets
$18,777Average earning assets
$2,626Average equity
$16,086Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5624
State Bank Of Clarks Grove
2401 Bridge Avenue, Albert Lea, MN 56007
August 21, 1903
Full Service Brick and Mortar
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