Adrian State Bank in Adrian, Minnesota (MN)
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| Adrian State Bank | |
|---|---|
| General | FDIC Certificate #: 8822 Status: Active Federal Reserve ID: 293352 Bank Holding Company (Regulatory Top Holder): Adrian Building Corporation (RSSDID: 1125254, Location: Adrian, MN) Date Established: October 23, 1889 WWW: http://www.adrianstatebank.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 #: 5619 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: 322 Maine Avenue, Adrian, MN 56110 County: Nobles 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): Worthington, MN (#49380) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $37.4 mil Equity capital: $3.7 mil Deposits held in domestic offices: $33.5 mil Return on assets (ROA): 0.46% ($0.2 mil) Quarterly return on assets: 0.58% ($0.2 mil) Return on Equity (ROE): 4.58% ($0.2 mil) Quarterly return on equity: 5.68% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.46% ($172.2 mil) Quarterly Pretax return on assets: 0.58% ($217.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $37,427 |
| Cash and due from depository institutions | $3,058 |
| Interest-bearing balances | $2,500 |
| Securities | $9,987 |
| Federal funds sold & reverse repurchase agreements | $2,295 |
| Net loans & leases | $20,737 |
| Loan loss allowance | $179 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $99 |
| Other real estate owned | $404 |
| Goodwill and other intangibles | $0 |
| All other assets | $847 |
| Life insurance assets | $37,427 |
| Total liabilities and capital | $33,686 |
| Total liabilities | $33,541 |
| Total deposits | $25,909 |
| Interest-bearing deposits | $33,541 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $145 |
| All other liabilities | $3,741 |
| Total equity capital | $3,741 |
| Total bank equity capital | $3,741 |
| Perpetual preferred stock | $0 |
| Common stock | $120 |
| Surplus | $2,880 |
| Undivided profits | $741 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $224 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $336 |
| Average Assets, year-to-date | $35,519 |
| Average Assets, quarterly | $10,266 |
| Volatile liabilities | $35,524 |
| Insider loans | $36,336 |
| FHLB advances | $24,237 |
| Loans and leases held for sale | $36,214 |
| Unused loan commitments | $226 |
| Tier 1 (core) risk-based capital | $226 |
| Tier 2 risk-based capital | $3,385 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,779 |
| Derivatives | $909 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,411 |
| Total interest expense | $297 |
| Net interest income | $1,114 |
| Provision for loan and lease losses | $63 |
| Total noninterest income | $186 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $47 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $139 |
| Total noninterest expense | $1,091 |
| Salaries and employee benefits | $676 |
| Premises and equipment expense | $130 |
| Additional noninterest expense | $285 |
| Pre-tax net operating income | $146 |
| Securities gains (losses) | $17 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $163 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $163 |
| Net charge-offs | $0 |
| Cash dividends | $163 |
| Sale, conversion, retirement of capital stock, net | $27 |
| Net operating income | $94 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.18% |
| Cost of funding earning assets | 0.88% |
| Net interest margin | 3.30% |
| Noninterest income to earning assets | 0.55% |
| Noninterest expense to earning assets | 3.23% |
| Net operating income to assets | 0.41% |
| Return on assets (ROA) | 0.46% |
| Pretax return on assets | 0.46% |
| Return on equity (ROE) | 4.58% |
| Retained earnings to average equity (YTD only) | 1.94% |
| Net charge-offs to loans | 0.14% |
| Credit loss provision to net charge-offs | 233.33% |
| Efficiency ratio | 7.74% |
| Assets per employee | $83,923 |
| Cash dividends to net income (YTD only) | 3.40% |
| Condition Ratios (%) | |
| Loss allowance to loans | 57.67% |
| Loss allowance to noncurrent loans | 0.86% |
| Noncurrent assets plus other real estate owned to assets | 79.91% |
| Noncurrent loans to loans | 1.68% |
| Net loans and leases to deposits | 1.07% |
| Net loans and leases to core deposits | 61.83% |
| Equity capital to assets | 67.43% |
| Core capital (leverage) ratio | 10.00% |
| Tier 1 risk-based capital ratio | 9.35% |
| Total risk-based capital ratio | 13.97% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $35,524 |
| Average equity | $3,557 |
| Average loans | $33,748 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5619 | Adrian State Bank | 322 Maine Avenue, Adrian, MN 56110 | October 23, 1889 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.