American State Bank of Grygla in Grygla, Minnesota (MN)
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| American State Bank of Grygla | |
|---|---|
| General | FDIC Certificate #: 22263 Status: Active Federal Reserve ID: 21359 Bank Holding Company (Regulatory Top Holder): Grygla Financial Corporation (RSSDID: 1857760, Location: Grygla, MN) Date Established: April 30, 1976 WWW: http://www.asbgrygla.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15476 Numeric code: 13 Regulator: FED 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: April 30, 1976 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 S Main Ave, Grygla, MN 56727 County: Marshall 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 |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $23.8 mil Equity capital: $2.7 mil Deposits held in domestic offices: $20.8 mil Return on assets (ROA): 1.65% ($0.4 mil) Quarterly return on assets: 1.18% ($0.3 mil) Return on Equity (ROE): 15.44% ($0.5 mil) Quarterly return on equity: 10.28% ($0.3 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.65% ($392.5 mil) Quarterly Pretax return on assets: 1.18% ($280.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 7 |
| Total assets | $23,787 |
| Cash and due from depository institutions | $1,981 |
| Interest-bearing balances | $1,044 |
| Securities | $5,254 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $15,751 |
| Loan loss allowance | $201 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $80 |
| Other real estate owned | $52 |
| Goodwill and other intangibles | $0 |
| All other assets | $669 |
| Life insurance assets | $23,787 |
| Total liabilities and capital | $21,107 |
| Total liabilities | $20,776 |
| Total deposits | $18,206 |
| Interest-bearing deposits | $20,776 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $297 |
| Other borrowed funds | $0 |
| Subordinated debt | $34 |
| All other liabilities | $2,680 |
| Total equity capital | $2,680 |
| Total bank equity capital | $2,680 |
| Perpetual preferred stock | $0 |
| Common stock | $550 |
| Surplus | $700 |
| Undivided profits | $1,430 |
| 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 | $25 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $289 |
| Average Assets, year-to-date | $22,049 |
| Average Assets, quarterly | $5,361 |
| Volatile liabilities | $24,010 |
| Insider loans | $23,787 |
| FHLB advances | $15,647 |
| Loans and leases held for sale | $24,211 |
| Unused loan commitments | $105 |
| Tier 1 (core) risk-based capital | $105 |
| Tier 2 risk-based capital | $2,449 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $1,221 |
| Derivatives | $453 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,097 |
| Total interest expense | $240 |
| Net interest income | $857 |
| Provision for loan and lease losses | $18 |
| Total noninterest income | $369 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $82 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $287 |
| Total noninterest expense | $823 |
| Salaries and employee benefits | $502 |
| Premises and equipment expense | $106 |
| Additional noninterest expense | $215 |
| Pre-tax net operating income | $385 |
| Securities gains (losses) | $10 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $395 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $395 |
| Net charge-offs | $0 |
| Cash dividends | $395 |
| Sale, conversion, retirement of capital stock, net | $4 |
| Net operating income | $266 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.85% |
| Cost of funding earning assets | 1.06% |
| Net interest margin | 3.79% |
| Noninterest income to earning assets | 1.63% |
| Noninterest expense to earning assets | 3.64% |
| Net operating income to assets | 1.60% |
| Return on assets (ROA) | 1.65% |
| Pretax return on assets | 1.65% |
| Return on equity (ROE) | 15.44% |
| Retained earnings to average equity (YTD only) | 5.04% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 450.00% |
| Efficiency ratio | 100.75% |
| Assets per employee | $67,129 |
| Cash dividends to net income (YTD only) | 3.40% |
| Condition Ratios (%) | |
| Loss allowance to loans | 67.34% |
| Loss allowance to noncurrent loans | 1.26% |
| Noncurrent assets plus other real estate owned to assets | 804.00% |
| Noncurrent loans to loans | 0.32% |
| Net loans and leases to deposits | 0.16% |
| Net loans and leases to core deposits | 75.81% |
| Equity capital to assets | 76.92% |
| Core capital (leverage) ratio | 11.27% |
| Tier 1 risk-based capital ratio | 10.12% |
| Total risk-based capital ratio | 15.65% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $24,010 |
| Average equity | $2,558 |
| Average loans | $22,627 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 15476 | American State Bank Of Grygla | 102 S Main Ave, Grygla, MN 56727 | April 30, 1976 | Full Service Brick and Mortar |  |
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