FDIC Certificate #: 9769 Status: Active Federal Reserve ID: 760957 Bank Holding Company (Regulatory Top Holder): Higgins Bancorporation, Inc. (RSSDID: 2380948, Location: Rosemount, MN) Date Established: January 01, 1909 WWW:http://www.fsbrosemount.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 #: 6253 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: Other Specialized Lending < 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: 3025 145th Street West, Rosemount, MN 55068 County: Dakota 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): Minneapolis-St. Paul, MN-WI (#5120) Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460) CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $64.0 mil Equity capital: $5.7 mil Deposits held in domestic offices: $58.0 mil Return on assets (ROA): 0.00% ($0.0 mil) Quarterly return on assets: -0.06% (-$0.0 mil) Return on Equity (ROE): 0.05% ($0.0 mil) Quarterly return on equity: -0.70% (-$0.0 mil) Net income: $0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: 0.01% ($6.4 mil) Quarterly Pretax return on assets: -0.05% (-$32.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$64,044Total assets
$3,206Cash and due from depository institutions
$0Interest-bearing balances
$30,267Securities
$5,000Federal funds sold & reverse repurchase agreements
$23,568Net loans & leases
$380Loan loss allowance
$0Trading account assets
$396Bank premises and fixed assets
$741Other real estate owned
$0Goodwill and other intangibles
$64,044Life insurance assets
$866All other assets
$58,339Total liabilities and capital
$57,980Total liabilities
$45,824Total deposits
$57,980Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$359Subordinated debt
$5,705All other liabilities
$5,705Total equity capital
$5,705Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$2,400Surplus
$3,205Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,175Income earned, not collected on loans
$0Earning assets
$316Long-term assets (5+ years)
$58,835Average Assets, year-to-date
$10,378Average Assets, quarterly
$60,683Volatile liabilities
$63,104Insider loans
$31,546FHLB advances
$62,850Loans and leases held for sale
$57Unused loan commitments
$57Tier 1 (core) risk-based capital
$5,425Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,115Restructured Loans and leases
$2Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,321Total interest income
$347Total interest expense
$1,974Net interest income
$180Provision for loan and lease losses
$242Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$125Additional noninterest income
$2,031Total noninterest expense
$1,121Salaries and employee benefits
$198Premises and equipment expense
$712Additional noninterest expense
$5Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$3Income before extraordinary items
$0Extraordinary gains - net
$3Net income attributable to bank
$0Net charge-offs
$3Cash dividends
$451Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.19%Yield on earning assets
0.63%Cost of funding earning assets
3.56%Net interest margin
0.44%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.00%Net operating income to assets
0.00%Return on assets (ROA)
0.01%Pretax return on assets
0.05%Return on equity (ROE)
0.05%Retained earnings to average equity (YTD only)
1.79%Net charge-offs to loans
39.91%Credit loss provision to net charge-offs
0.41%Efficiency ratio
91,652Assets per employee
4.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
32.34%Noncurrent assets plus other real estate owned to assets
2.99%Noncurrent loans to loans
4.91%Net loans and leases to deposits
40.65%Net loans and leases to core deposits
41.67%Equity capital to assets
8.91%Core capital (leverage) ratio
8.63%Tier 1 risk-based capital ratio
17.20%Total risk-based capital ratio
Memoranda
$18Average assets
$60,683Average earning assets
$5,688Average equity
$55,435Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6253
The First State Bank Of Rosemount
3025 145th Street West, Rosemount, MN 55068
January 01, 1909
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First State Bank of Rosemount.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: