FDIC Certificate #: 8541 Status: Active Federal Reserve ID: 723158 Bank Holding Company (Regulatory Top Holder): Web, Inc. (RSSDID: 1126112, Location: Fairmont, MN) Date Established: June 01, 1917 WWW:http://www.sbof.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 #: 15645 FDIC's unique #: 5449 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: 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: 918 East Blue Earth Avenue, Fairmont, MN 56031 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: $92.9 mil Equity capital: $10.6 mil Deposits held in domestic offices: $78.8 mil Return on assets (ROA): 1.50% ($1.4 mil) Quarterly return on assets: 0.29% ($0.3 mil) Return on Equity (ROE): 13.59% ($1.5 mil) Quarterly return on equity: 2.61% ($0.3 mil) Net income: $1.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.50% ($1,393.6 mil) Quarterly Pretax return on assets: 0.29% ($269.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$92,905Total assets
$3,437Cash and due from depository institutions
$3,424Interest-bearing balances
$23,240Securities
$1,666Federal funds sold & reverse repurchase agreements
$61,882Net loans & leases
$1,239Loan loss allowance
$0Trading account assets
$734Bank premises and fixed assets
$701Other real estate owned
$0Goodwill and other intangibles
$92,905Life insurance assets
$1,245All other assets
$82,354Total liabilities and capital
$78,817Total liabilities
$70,266Total deposits
$78,817Interest-bearing deposits
$98Deposits held in domestic offices
2400.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,000Trading liabilities
$0Other borrowed funds
$137Subordinated debt
$10,551All other liabilities
$10,551Total equity capital
$10,551Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$4,850Surplus
$5,551Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,378Income earned, not collected on loans
$0Earning assets
$760Long-term assets (5+ years)
$90,212Average Assets, year-to-date
$20,382Average Assets, quarterly
$93,522Volatile liabilities
$93,987Insider loans
$70,684FHLB advances
$95,074Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,075Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,823Restructured Loans and leases
$142Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,833Total interest income
$1,067Total interest expense
$3,766Net interest income
$170Provision for loan and lease losses
$168Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
-$26Additional noninterest income
$2,373Total noninterest expense
$1,569Salaries and employee benefits
$250Premises and equipment expense
$554Additional noninterest expense
$1,391Pre-tax net operating income
$10Securities gains (losses)
$1Applicable income taxes
$1,400Income before extraordinary items
$0Extraordinary gains - net
$1,400Net income attributable to bank
$0Net charge-offs
$1,400Cash dividends
$183Sale, conversion, retirement of capital stock, net
$903Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
1.18%Cost of funding earning assets
4.18%Net interest margin
0.19%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
1.49%Net operating income to assets
1.50%Return on assets (ROA)
1.50%Pretax return on assets
13.59%Return on equity (ROE)
4.83%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
92.90%Credit loss provision to net charge-offs
8.53%Efficiency ratio
60,320Assets per employee
5.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.50%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
89.91%Noncurrent assets plus other real estate owned to assets
2.24%Noncurrent loans to loans
2.18%Net loans and leases to deposits
78.51%Net loans and leases to core deposits
80.12%Equity capital to assets
11.36%Core capital (leverage) ratio
10.60%Tier 1 risk-based capital ratio
14.25%Total risk-based capital ratio
Memoranda
$16Average assets
$93,522Average earning assets
$10,300Average equity
$90,112Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5449
State Bank Of Fairmont
918 East Blue Earth Avenue, Fairmont, MN 56031
June 01, 1917
Full Service Brick and Mortar
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