FDIC Certificate #: 12444 Status: Active Federal Reserve ID: 116358 Bank Holding Company (Regulatory Top Holder): Lindell Bancshares, Inc. (RSSDID: 1128200, Location: Cold Spring, MN) Date Established: January 01, 1908 WWW:http://www.statebankcoldspring.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 #: 14423 FDIC's unique #: 7923 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: All Other Specialization < 1 Billion 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: 401 Main Street, Cold Spring, MN 56320 County: Stearns 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): St. Cloud, MN (#6980) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): St. Cloud, MN (#41060) CBSA Metro Statistical Area: St. Cloud, MN (#41060)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $50.8 mil Equity capital: $4.6 mil Deposits held in domestic offices: $45.3 mil Return on assets (ROA): 0.58% ($0.3 mil) Quarterly return on assets: 0.72% ($0.4 mil) Return on Equity (ROE): 6.70% ($0.3 mil) Quarterly return on equity: 8.14% ($0.4 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.58% ($294.3 mil) Quarterly Pretax return on assets: 0.72% ($365.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$50,750Total assets
$11,115Cash and due from depository institutions
$8,093Interest-bearing balances
$5,394Securities
$0Federal funds sold & reverse repurchase agreements
$31,703Net loans & leases
$530Loan loss allowance
$0Trading account assets
$494Bank premises and fixed assets
$969Other real estate owned
$0Goodwill and other intangibles
$50,750Life insurance assets
$1,075All other assets
$46,185Total liabilities and capital
$45,251Total liabilities
$36,742Total deposits
$45,251Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$865Trading liabilities
$0Other borrowed funds
$69Subordinated debt
$4,565All other liabilities
$4,565Total equity capital
$4,565Total bank equity capital
$0Perpetual preferred stock
$75Common stock
$3,800Surplus
$690Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$198Income earned, not collected on loans
$0Earning assets
$189Long-term assets (5+ years)
$45,190Average Assets, year-to-date
$5,369Average Assets, quarterly
$50,681Volatile liabilities
$51,092Insider loans
$32,192FHLB advances
$51,859Loans and leases held for sale
$221Unused loan commitments
$221Tier 1 (core) risk-based capital
$4,516Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,135Restructured Loans and leases
$1,613Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,158Total interest income
$378Total interest expense
$1,780Net interest income
$205Provision for loan and lease losses
$237Total noninterest income
$0Fiduciary activities
$75Service charges on deposit accounts
$0Trading account gains & fees
$162Additional noninterest income
$1,520Total noninterest expense
$907Salaries and employee benefits
$141Premises and equipment expense
$472Additional noninterest expense
$292Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$292Income before extraordinary items
$0Extraordinary gains - net
$292Net income attributable to bank
$0Net charge-offs
$292Cash dividends
$268Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.81%Yield on earning assets
0.84%Cost of funding earning assets
3.97%Net interest margin
0.53%Noninterest income to earning assets
3.39%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.58%Pretax return on assets
6.70%Return on equity (ROE)
6.70%Retained earnings to average equity (YTD only)
0.80%Net charge-offs to loans
76.49%Credit loss provision to net charge-offs
1.85%Efficiency ratio
75,359Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
267.68%Noncurrent assets plus other real estate owned to assets
2.30%Noncurrent loans to loans
0.61%Net loans and leases to deposits
70.06%Net loans and leases to core deposits
70.06%Equity capital to assets
9.00%Core capital (leverage) ratio
8.71%Tier 1 risk-based capital ratio
14.03%Total risk-based capital ratio
Memoranda
$15Average assets
$50,681Average earning assets
$4,357Average equity
$44,887Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7923
State Bank Of Cold Spring
401 Main Street, Cold Spring, MN 56320
January 01, 1908
Full Service Brick and Mortar
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