FDIC Certificate #: 8542 Status: Active Federal Reserve ID: 881656 Bank Holding Company (Regulatory Top Holder): Richmond Bank Holding Co. (RSSDID: 1136045, Location: Richmond, MN) Date Established: June 04, 1904 WWW:http://www.statebankofrichmond.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 #: 12145 FDIC's unique #: 5450 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: No 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: 22 Central Avenue, Richmond, MN 56368 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: $86.3 mil Equity capital: $12.3 mil Deposits held in domestic offices: $73.6 mil Return on assets (ROA): 0.99% ($0.9 mil) Quarterly return on assets: 1.57% ($1.4 mil) Return on Equity (ROE): 7.34% ($0.9 mil) Quarterly return on equity: 11.20% ($1.3 mil) Net income: $0.9 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.29% ($1,113.7 mil) Quarterly Pretax return on assets: 1.21% ($1,044.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$86,335Total assets
$11,005Cash and due from depository institutions
$9,170Interest-bearing balances
$40,005Securities
$0Federal funds sold & reverse repurchase agreements
$33,920Net loans & leases
$817Loan loss allowance
$0Trading account assets
$71Bank premises and fixed assets
$241Other real estate owned
$0Goodwill and other intangibles
$86,335Life insurance assets
$1,093All other assets
$74,068Total liabilities and capital
$73,639Total liabilities
$64,106Total deposits
$73,639Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$429Subordinated debt
$12,267All other liabilities
$12,267Total equity capital
$12,267Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$3,350Surplus
$8,867Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$0Earning assets
$396Long-term assets (5+ years)
$83,095Average Assets, year-to-date
$17,206Average Assets, quarterly
$86,200Volatile liabilities
$86,357Insider loans
$45,936FHLB advances
$86,306Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,583Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,393Restructured Loans and leases
$636Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,293Total interest income
$596Total interest expense
$2,697Net interest income
$95Provision for loan and lease losses
$313Total noninterest income
$0Fiduciary activities
$134Service charges on deposit accounts
$0Trading account gains & fees
$179Additional noninterest income
$1,820Total noninterest expense
$1,094Salaries and employee benefits
$188Premises and equipment expense
$538Additional noninterest expense
$1,095Pre-tax net operating income
$19Securities gains (losses)
$263Applicable income taxes
$851Income before extraordinary items
$0Extraordinary gains - net
$851Net income attributable to bank
$0Net charge-offs
$851Cash dividends
$42Sale, conversion, retirement of capital stock, net
$225Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.96%Yield on earning assets
0.72%Cost of funding earning assets
3.24%Net interest margin
0.38%Noninterest income to earning assets
2.19%Noninterest expense to earning assets
0.97%Net operating income to assets
0.99%Return on assets (ROA)
1.29%Pretax return on assets
7.34%Return on equity (ROE)
5.40%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
226.19%Credit loss provision to net charge-offs
28.33%Efficiency ratio
60,465Assets per employee
6.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.44%Loss allowance to loans
2.35%Loss allowance to noncurrent loans
81700.00%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.00%Net loans and leases to deposits
46.06%Net loans and leases to core deposits
46.70%Equity capital to assets
14.21%Core capital (leverage) ratio
13.42%Tier 1 risk-based capital ratio
25.22%Total risk-based capital ratio
Memoranda
$26Average assets
$86,200Average earning assets
$11,597Average equity
$83,229Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
5450
State Bank Of Richmond
22 Central Avenue, Richmond, MN 56368
June 04, 1904
Full Service Brick and Mortar
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