FDIC Certificate #: 16561 Status: Active Federal Reserve ID: 379050 Bank Holding Company (Regulatory Top Holder): Easton Bancshares, Incorporated (RSSDID: 1134863, Location: Easton, MN) Date Established: May 21, 1934 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 #: 10710 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: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: April 09, 1947 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: June 17, 2010 Last Data Update: June 17, 2010 Data Source Date: April 05, 2012
Location
Address: 50 Main Street, Easton, MN 56025 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
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $21.3 mil Equity capital: $2.6 mil Deposits held in domestic offices: $16.1 mil Return on assets (ROA): 0.52% ($0.1 mil) Quarterly return on assets: 0.33% ($0.1 mil) Return on Equity (ROE): 4.15% ($0.1 mil) Quarterly return on equity: 2.65% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.52% ($110.7 mil) Quarterly Pretax return on assets: 0.33% ($70.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$21,290Total assets
$2,862Cash and due from depository institutions
$786Interest-bearing balances
$2,975Securities
$366Federal funds sold & reverse repurchase agreements
$13,244Net loans & leases
$244Loan loss allowance
$0Trading account assets
$62Bank premises and fixed assets
$481Other real estate owned
$0Goodwill and other intangibles
$21,289Life insurance assets
$1,300All other assets
$18,737Total liabilities and capital
$16,140Total liabilities
$13,816Total deposits
$16,140Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,523Trading liabilities
$0Other borrowed funds
$74Subordinated debt
$2,552All other liabilities
$2,552Total equity capital
$2,552Total bank equity capital
$0Perpetual preferred stock
$25Common stock
$1,725Surplus
$802Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$770Income earned, not collected on loans
$0Earning assets
$221Long-term assets (5+ years)
$17,371Average Assets, year-to-date
$2,687Average Assets, quarterly
$20,501Volatile liabilities
$20,751Insider loans
$17,260FHLB advances
$20,750Loans and leases held for sale
$661Unused loan commitments
$661Tier 1 (core) risk-based capital
$2,548Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$252Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$919Total interest income
$224Total interest expense
$695Net interest income
$27Provision for loan and lease losses
$104Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$675Total noninterest expense
$379Salaries and employee benefits
$85Premises and equipment expense
$211Additional noninterest expense
$97Pre-tax net operating income
$10Securities gains (losses)
$0Applicable income taxes
$107Income before extraordinary items
$0Extraordinary gains - net
$107Net income attributable to bank
$0Net charge-offs
$107Cash dividends
$21Sale, conversion, retirement of capital stock, net
$58Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.51%Yield on earning assets
1.34%Cost of funding earning assets
4.17%Net interest margin
0.62%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
0.47%Net operating income to assets
0.52%Return on assets (ROA)
0.52%Pretax return on assets
4.15%Return on equity (ROE)
1.90%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
128.57%Credit loss provision to net charge-offs
5.90%Efficiency ratio
84,481Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.21%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
31.69%Noncurrent assets plus other real estate owned to assets
5.88%Noncurrent loans to loans
5.71%Net loans and leases to deposits
82.06%Net loans and leases to core deposits
87.49%Equity capital to assets
11.99%Core capital (leverage) ratio
12.28%Tier 1 risk-based capital ratio
14.76%Total risk-based capital ratio
Memoranda
$16Average assets
$20,501Average earning assets
$2,579Average equity
$16,673Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10710
State Bank Of Easton
50 Main Street, Easton, MN 56025
May 21, 1934
Full Service Brick and Mortar
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