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

Annandale State Bank - Overview

  • General
  • FDIC Certificate #: 10989
    Status: Active
    Federal Reserve ID: 269058
    Bank Holding Company (Regulatory Top Holder): Lake Central Financial, Inc. (RSSDID: 4035943, Location: Annandale, MN)
    Date Established: August 15, 1893
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 7041
    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: 40 Chestnut Street West, Annandale, MN 55302
    County: Wright
    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
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $123.6 mil
    Equity capital: $15.1 mil
    Deposits held in domestic offices: $104.9 mil
    Return on assets (ROA): 0.65% ($0.8 mil)
    Quarterly return on assets: 0.30% ($0.4 mil)
    Return on Equity (ROE): 5.16% ($0.8 mil)
    Quarterly return on equity: 2.50% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.65% ($803.1 mil)
    Quarterly Pretax return on assets: 0.30% ($370.7 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
  • 33Total employees (full-time equivalent)
  • $123,554Total assets
  • $12,604Cash and due from depository institutions
  • $11,693Interest-bearing balances
  • $35,999Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $67,192Net loans & leases
  • $1,003Loan loss allowance
  • $0Trading account assets
  • $792Bank premises and fixed assets
  • $3,280Other real estate owned
  • $104Goodwill and other intangibles
  • $123,554Life insurance assets
  • $3,583All other assets
  • $108,475Total liabilities and capital
  • $104,901Total liabilities
  • $86,572Total deposits
  • $104,901Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,900Trading liabilities
  • $0Other borrowed funds
  • $674Subordinated debt
  • $15,079All other liabilities
  • $15,079Total equity capital
  • $15,079Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $5,000Surplus
  • $9,579Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $64Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,354Income earned, not collected on loans
  • $0Earning assets
  • $672Long-term assets (5+ years)
  • $114,884Average Assets, year-to-date
  • $30,861Average Assets, quarterly
  • $124,773Volatile liabilities
  • $124,793Insider loans
  • $114,260FHLB advances
  • $124,303Loans and leases held for sale
  • $1,209Unused loan commitments
  • $1,209Tier 1 (core) risk-based capital
  • $14,866Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,894Restructured Loans and leases
  • $177Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,077Total interest income
  • $936Total interest expense
  • $4,141Net interest income
  • $680Provision for loan and lease losses
  • $811Total noninterest income
  • $0Fiduciary activities
  • $252Service charges on deposit accounts
  • $0Trading account gains & fees
  • $559Additional noninterest income
  • $3,466Total noninterest expense
  • $1,914Salaries and employee benefits
  • $569Premises and equipment expense
  • $983Additional noninterest expense
  • $806Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $806Income before extraordinary items
  • $0Extraordinary gains - net
  • $806Net income attributable to bank
  • $0Net charge-offs
  • $806Cash dividends
  • $839Sale, conversion, retirement of capital stock, net
  • $1,633Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.16%Return on equity (ROE)
  • -5.30%Retained earnings to average equity (YTD only)
  • 1.19%Net charge-offs to loans
  • 81.05%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 69,204Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 202.61%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 29.90%Noncurrent assets plus other real estate owned to assets
  • 5.37%Noncurrent loans to loans
  • 4.92%Net loans and leases to deposits
  • 64.05%Net loans and leases to core deposits
  • 65.86%Equity capital to assets
  • 12.20%Core capital (leverage) ratio
  • 11.96%Tier 1 risk-based capital ratio
  • 13.01%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $124,773Average earning assets
  • $15,614Average equity
  • $115,178Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07041Annandale State Bank40 Chestnut Street West, Annandale, MN 55302August 15, 1893Full Service Brick and Mortar
    1223540Detached FacilityState Highway 24 And State Access Road 75, Clearwater, MN 55320December 04, 1978Limited Service Facility

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