Altura State Bank in Altura, Minnesota (MN)
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| Altura State Bank | |
|---|---|
| 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 WWW: http://www.alturastatebank.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 #: 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 10 |
| Total assets | $46,641 |
| Cash and due from depository institutions | $7,382 |
| Interest-bearing balances | $5,297 |
| Securities | $8,527 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $28,543 |
| Loan loss allowance | $241 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $300 |
| Other real estate owned | $241 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,648 |
| Life insurance assets | $46,641 |
| Total liabilities and capital | $39,761 |
| Total liabilities | $39,090 |
| Total deposits | $33,681 |
| Interest-bearing deposits | $39,090 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $59 |
| Other borrowed funds | $0 |
| Subordinated debt | $612 |
| All other liabilities | $6,880 |
| Total equity capital | $6,880 |
| Total bank equity capital | $6,880 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $3,400 |
| Undivided profits | $3,380 |
| 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 | $124 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $231 |
| Average Assets, year-to-date | $42,367 |
| Average Assets, quarterly | $5,771 |
| Volatile liabilities | $46,161 |
| Insider loans | $46,443 |
| FHLB advances | $30,867 |
| Loans and leases held for sale | $46,809 |
| Unused loan commitments | $1,103 |
| Tier 1 (core) risk-based capital | $1,103 |
| Tier 2 risk-based capital | $6,645 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,084 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,061 |
| Total interest expense | $443 |
| Net interest income | $1,618 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $177 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $63 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $114 |
| Total noninterest expense | $971 |
| Salaries and employee benefits | $607 |
| Premises and equipment expense | $123 |
| Additional noninterest expense | $241 |
| Pre-tax net operating income | $824 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $824 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $824 |
| Net charge-offs | $0 |
| Cash dividends | $824 |
| Sale, conversion, retirement of capital stock, net | $14 |
| Net operating income | $557 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.87% |
| Cost of funding earning assets | 1.05% |
| Net interest margin | 3.83% |
| Noninterest income to earning assets | 0.42% |
| Noninterest expense to earning assets | 2.30% |
| Net operating income to assets | 1.79% |
| Return on assets (ROA) | 1.79% |
| Pretax return on assets | 1.79% |
| Return on equity (ROE) | 12.47% |
| Retained earnings to average equity (YTD only) | 4.04% |
| Net charge-offs to loans | 0.05% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 58.86% |
| Assets per employee | $54,095 |
| Cash dividends to net income (YTD only) | 4.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 67.60% |
| Loss allowance to noncurrent loans | 0.84% |
| Noncurrent assets plus other real estate owned to assets | 194.35% |
| Noncurrent loans to loans | 0.78% |
| Net loans and leases to deposits | 0.43% |
| Net loans and leases to core deposits | 73.02% |
| Equity capital to assets | 75.66% |
| Core capital (leverage) ratio | 14.75% |
| Tier 1 risk-based capital ratio | 14.20% |
| Total risk-based capital ratio | 21.53% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $46,161 |
| Average equity | $6,607 |
| Average loans | $42,298 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6514 | Altura State Bank | 411 Main Street, N.W., Altura, MN 55910 | December 10, 1910 | 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.