American State Bank of Erskine in Erskine, Minnesota (MN)
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| American State Bank of Erskine | |
|---|---|
| General | FDIC Certificate #: 10204 Status: Active Federal Reserve ID: 43454 Bank Holding Company (Regulatory Top Holder): Medr Bancshares, Inc. (RSSDID: 1122703, Location: Erskine, MN) Date Established: April 14, 1929 WWW: http://www.asberskine.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 #: 6543 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: Yes Asset Concentration Hierarchy: All Other Specialization < 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: 201 Vance Street, Erskine, MN 56535 County: Polk Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Grand Forks Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Grand Forks, ND-MN (#2985) Core Based Statistical Area (CBSA): Grand Forks, ND-MN (#24220) CBSA Metro Statistical Area: Grand Forks, ND-MN (#24220) |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $25.1 mil Equity capital: $3.4 mil Deposits held in domestic offices: $21.7 mil Return on assets (ROA): 1.07% ($0.3 mil) Quarterly return on assets: 0.99% ($0.2 mil) Return on Equity (ROE): 7.63% ($0.2 mil) Quarterly return on equity: 7.14% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.07% ($268.5 mil) Quarterly Pretax return on assets: 0.99% ($248.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $25,092 |
| Cash and due from depository institutions | $2,795 |
| Interest-bearing balances | $1,929 |
| Securities | $5,546 |
| Federal funds sold & reverse repurchase agreements | $5,500 |
| Net loans & leases | $10,821 |
| Loan loss allowance | $204 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $133 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $297 |
| Life insurance assets | $25,092 |
| Total liabilities and capital | $21,704 |
| Total liabilities | $21,690 |
| Total deposits | $15,085 |
| Interest-bearing deposits | $21,690 |
| Deposits held in domestic offices | $94 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $14 |
| All other liabilities | $3,388 |
| Total equity capital | $3,388 |
| Total bank equity capital | $3,388 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $1,900 |
| Undivided profits | $1,388 |
| 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 | $83 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $115 |
| Average Assets, year-to-date | $23,796 |
| Average Assets, quarterly | $3,676 |
| Volatile liabilities | $22,762 |
| Insider loans | $24,123 |
| FHLB advances | $12,564 |
| Loans and leases held for sale | $25,180 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $3,260 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,208 |
| Derivatives | $111 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $889 |
| Total interest expense | $81 |
| Net interest income | $808 |
| Provision for loan and lease losses | $1 |
| Total noninterest income | $143 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $93 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $50 |
| Total noninterest expense | $707 |
| Salaries and employee benefits | $408 |
| Premises and equipment expense | $114 |
| Additional noninterest expense | $185 |
| Pre-tax net operating income | $243 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $243 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $243 |
| Net charge-offs | $0 |
| Cash dividends | $243 |
| Sale, conversion, retirement of capital stock, net | $3 |
| Net operating income | $102 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.14% |
| Cost of funding earning assets | 0.38% |
| Net interest margin | 3.77% |
| Noninterest income to earning assets | 0.67% |
| Noninterest expense to earning assets | 3.30% |
| Net operating income to assets | 1.07% |
| Return on assets (ROA) | 1.07% |
| Pretax return on assets | 1.07% |
| Return on equity (ROE) | 7.63% |
| Retained earnings to average equity (YTD only) | 4.43% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 33.33% |
| Efficiency ratio | 81.33% |
| Assets per employee | $74,343 |
| Cash dividends to net income (YTD only) | 3.58% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.98% |
| Loss allowance to noncurrent loans | 1.85% |
| Noncurrent assets plus other real estate owned to assets | 245.78% |
| Noncurrent loans to loans | 0.33% |
| Net loans and leases to deposits | 0.75% |
| Net loans and leases to core deposits | 49.89% |
| Equity capital to assets | 50.53% |
| Core capital (leverage) ratio | 13.50% |
| Tier 1 risk-based capital ratio | 12.95% |
| Total risk-based capital ratio | 25.95% |
| Memoranda | |
| Average assets | $27 |
| Average earning assets | $22,762 |
| Average equity | $3,184 |
| Average loans | $21,449 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6543 | American State Bank Of Erskine | 201 Vance Street, Erskine, MN 56535 | April 14, 1929 | Full Service Brick and Mortar |  |
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