FDIC Certificate #: 15417 Status: Active Federal Reserve ID: 219857 Bank Holding Company (Regulatory Top Holder): Winthrop Bancshares, Inc. (RSSDID: 1126297, Location: Winthrop, MN) Date Established: October 10, 1903 WWW:http://www.winthropsb.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 #: 9733 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: August 31, 1936 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: 102 E. 2nd St., Winthrop, MN 55396 County: Sibley 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: $22.7 mil Equity capital: $2.7 mil Deposits held in domestic offices: $19.9 mil Return on assets (ROA): 0.60% ($0.1 mil) Quarterly return on assets: 0.35% ($0.1 mil) Return on Equity (ROE): 4.77% ($0.1 mil) Quarterly return on equity: 2.79% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.60% ($135.9 mil) Quarterly Pretax return on assets: 0.35% ($79.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
$22,658Total assets
$6,377Cash and due from depository institutions
$3,416Interest-bearing balances
$10,460Securities
$0Federal funds sold & reverse repurchase agreements
$4,722Net loans & leases
$116Loan loss allowance
$0Trading account assets
$363Bank premises and fixed assets
$352Other real estate owned
$0Goodwill and other intangibles
$22,658Life insurance assets
$384All other assets
$19,935Total liabilities and capital
$19,910Total liabilities
$15,256Total deposits
$19,910Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$25Subordinated debt
$2,723All other liabilities
$2,723Total equity capital
$2,723Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$1,200Surplus
$1,423Undivided 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
$157Long-term assets (5+ years)
$18,598Average Assets, year-to-date
$9,991Average Assets, quarterly
$20,468Volatile liabilities
$21,724Insider loans
$7,578FHLB advances
$21,645Loans and leases held for sale
$184Unused loan commitments
$184Tier 1 (core) risk-based capital
$2,366Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$56Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$691Total interest income
$53Total interest expense
$638Net interest income
$12Provision for loan and lease losses
$74Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$596Total noninterest expense
$358Salaries and employee benefits
$88Premises and equipment expense
$150Additional noninterest expense
$104Pre-tax net operating income
$18Securities gains (losses)
$0Applicable income taxes
$122Income before extraordinary items
$0Extraordinary gains - net
$122Net income attributable to bank
$0Net charge-offs
$122Cash dividends
$9Sale, conversion, retirement of capital stock, net
$24Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.12%Yield on earning assets
0.32%Cost of funding earning assets
3.80%Net interest margin
0.44%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
0.51%Net operating income to assets
0.60%Return on assets (ROA)
0.60%Pretax return on assets
4.77%Return on equity (ROE)
3.83%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
133.33%Credit loss provision to net charge-offs
12.89%Efficiency ratio
83,708Assets per employee
3.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
19.67%Loss allowance to loans
2.40%Loss allowance to noncurrent loans
11600.00%Noncurrent assets plus other real estate owned to assets
1.56%Noncurrent loans to loans
0.02%Net loans and leases to deposits
23.72%Net loans and leases to core deposits
23.72%Equity capital to assets
12.02%Core capital (leverage) ratio
10.93%Tier 1 risk-based capital ratio
31.22%Total risk-based capital ratio
Memoranda
$32Average assets
$20,468Average earning assets
$2,556Average equity
$16,772Average loans
List of branches
1 Minnesota Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9733
Winthrop State Bank
102 E. 2nd St., Winthrop, MN 55396
October 10, 1903
Full Service Brick and Mortar
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