Altura State Bank in Altura, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Altura State Bank - Overview

  • General
  • FDIC Certificate #: 10173
    Status: Active
    Federal Reserve ID: 330453
    Bank Holding Company (Regulatory Top Holder): Southeast Minnesota Bancshares, Inc. (RSSDID: 1134247, Location: Altura, MN)
    Date Established: December 10, 1910
    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 #: 6514
    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: 411 Main Street, N.W., Altura, MN 55910
    County: Winona
    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
    Core Based Statistical Area (CBSA): Winona, MN (#49100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $46.6 mil
    Equity capital: $6.9 mil
    Deposits held in domestic offices: $39.1 mil
    Return on assets (ROA): 1.79% ($0.8 mil)
    Quarterly return on assets: 1.63% ($0.8 mil)
    Return on Equity (ROE): 12.47% ($0.9 mil)
    Quarterly return on equity: 11.10% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.79% ($834.9 mil)
    Quarterly Pretax return on assets: 1.63% ($760.2 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
  • 10Total employees (full-time equivalent)
  • $46,641Total assets
  • $7,382Cash and due from depository institutions
  • $5,297Interest-bearing balances
  • $8,527Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,543Net loans & leases
  • $241Loan loss allowance
  • $0Trading account assets
  • $300Bank premises and fixed assets
  • $241Other real estate owned
  • $0Goodwill and other intangibles
  • $46,641Life insurance assets
  • $1,648All other assets
  • $39,761Total liabilities and capital
  • $39,090Total liabilities
  • $33,681Total deposits
  • $39,090Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $59Trading liabilities
  • $0Other borrowed funds
  • $612Subordinated debt
  • $6,880All other liabilities
  • $6,880Total equity capital
  • $6,880Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,400Surplus
  • $3,380Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $124Income earned, not collected on loans
  • $0Earning assets
  • $231Long-term assets (5+ years)
  • $42,367Average Assets, year-to-date
  • $5,771Average Assets, quarterly
  • $46,161Volatile liabilities
  • $46,443Insider loans
  • $30,867FHLB advances
  • $46,809Loans and leases held for sale
  • $1,103Unused loan commitments
  • $1,103Tier 1 (core) risk-based capital
  • $6,645Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,084Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,061Total interest income
  • $443Total interest expense
  • $1,618Net interest income
  • $0Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $114Additional noninterest income
  • $971Total noninterest expense
  • $607Salaries and employee benefits
  • $123Premises and equipment expense
  • $241Additional noninterest expense
  • $824Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $824Income before extraordinary items
  • $0Extraordinary gains - net
  • $824Net income attributable to bank
  • $0Net charge-offs
  • $824Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $557Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 1.79%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 12.47%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 58.86%Efficiency ratio
  • 54,095Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.60%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 194.35%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 73.02%Net loans and leases to core deposits
  • 75.66%Equity capital to assets
  • 14.75%Core capital (leverage) ratio
  • 14.20%Tier 1 risk-based capital ratio
  • 21.53%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $46,161Average earning assets
  • $6,607Average equity
  • $42,298Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06514Altura State Bank411 Main Street, N.W., Altura, MN 55910December 10, 1910Full Service Brick and Mortar

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