FDIC Certificate #: 16906 Status: Active Federal Reserve ID: 205458 Bank Holding Company (Regulatory Top Holder): Taunton Bancshares, Inc. (RSSDID: 3613540, Location: Taunton, MN) Date Established: Febuary 01, 1905 WWW:http://www.statebankoftaunton.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 #: 10992 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: May 01, 1950 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: 101 N. Main St., Taunton, MN 56291 County: Lyon Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Marshall, MN (#32140) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Change in Location
Financial Summary
Total assets: $64.6 mil Equity capital: $5.7 mil Deposits held in domestic offices: $58.8 mil Return on assets (ROA): 0.71% ($0.5 mil) Quarterly return on assets: 0.93% ($0.6 mil) Return on Equity (ROE): 7.64% ($0.5 mil) Quarterly return on equity: 10.33% ($0.6 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.71% ($458.5 mil) Quarterly Pretax return on assets: 0.93% ($600.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$64,573Total assets
$8,573Cash and due from depository institutions
$3,289Interest-bearing balances
$10,737Securities
$0Federal funds sold & reverse repurchase agreements
$43,250Net loans & leases
$610Loan loss allowance
$0Trading account assets
$1,051Bank premises and fixed assets
$65Other real estate owned
$0Goodwill and other intangibles
$64,573Life insurance assets
$897All other assets
$58,895Total liabilities and capital
$58,769Total liabilities
$52,321Total deposits
$58,769Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$126Subordinated debt
$5,678All other liabilities
$5,678Total equity capital
$5,678Total bank equity capital
$0Perpetual preferred stock
$150Common stock
$3,850Surplus
$1,678Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$81Income earned, not collected on loans
$0Earning assets
$766Long-term assets (5+ years)
$57,276Average Assets, year-to-date
$16,082Average Assets, quarterly
$58,164Volatile liabilities
$62,790Insider loans
$50,803FHLB advances
$62,948Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,385Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,899Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,910Total interest income
$850Total interest expense
$2,060Net interest income
$190Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$163Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,618Total noninterest expense
$932Salaries and employee benefits
$242Premises and equipment expense
$444Additional noninterest expense
$415Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$415Income before extraordinary items
$0Extraordinary gains - net
$415Net income attributable to bank
$0Net charge-offs
$415Cash dividends
$106Sale, conversion, retirement of capital stock, net
$241Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.41%Yield on earning assets
1.58%Cost of funding earning assets
3.83%Net interest margin
0.30%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
0.71%Pretax return on assets
7.64%Return on equity (ROE)
3.20%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
179.25%Credit loss provision to net charge-offs
5.71%Efficiency ratio
72,785Assets per employee
4.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.07%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
753.09%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.18%Net loans and leases to deposits
73.59%Net loans and leases to core deposits
79.45%Equity capital to assets
8.79%Core capital (leverage) ratio
8.55%Tier 1 risk-based capital ratio
10.60%Total risk-based capital ratio
Memoranda
$12Average assets
$58,164Average earning assets
$5,432Average equity
$53,753Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10992
State Bank Of Taunton
101 N. Main St., Taunton, MN 56291
Febuary 01, 1905
Full Service Brick and Mortar
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