Atwater State Bank in Atwater, Minnesota (MN)
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| Atwater State Bank | |
|---|---|
| General | FDIC Certificate #: 1396 Status: Active Federal Reserve ID: 299653 Bank Holding Company (Regulatory Top Holder): Cattail Bancshares, Inc. (RSSDID: 1133549, Location: Atwater, MN) Date Established: May 16, 1932 WWW: http://www.atwaterstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 11161 FDIC's unique #: 918 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: April 03, 2007 Last Structure Change Process Date: June 05, 2007 Last Data Update: June 05, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 222 Atlantic Avenue, Atwater, MN 56209 County: Kandiyohi Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Willmar, MN (#48820) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $42.3 mil Equity capital: $3.8 mil Deposits held in domestic offices: $37.7 mil Return on assets (ROA): 0.77% ($0.3 mil) Quarterly return on assets: 0.45% ($0.2 mil) Return on Equity (ROE): 8.72% ($0.3 mil) Quarterly return on equity: 5.01% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.77% ($325.7 mil) Quarterly Pretax return on assets: 0.45% ($190.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 13 |
| Total assets | $42,302 |
| Cash and due from depository institutions | $5,331 |
| Interest-bearing balances | $4,448 |
| Securities | $6,238 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $29,137 |
| Loan loss allowance | $445 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $518 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,078 |
| Life insurance assets | $42,303 |
| Total liabilities and capital | $38,527 |
| Total liabilities | $37,662 |
| Total deposits | $30,435 |
| Interest-bearing deposits | $37,662 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $765 |
| Other borrowed funds | $0 |
| Subordinated debt | $100 |
| All other liabilities | $3,776 |
| Total equity capital | $3,776 |
| Total bank equity capital | $3,776 |
| Perpetual preferred stock | $0 |
| Common stock | $30 |
| Surplus | $2,970 |
| Undivided profits | $776 |
| 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 | $185 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $361 |
| Average Assets, year-to-date | $39,823 |
| Average Assets, quarterly | $5,279 |
| Volatile liabilities | $41,099 |
| Insider loans | $41,935 |
| FHLB advances | $27,881 |
| Loans and leases held for sale | $41,896 |
| Unused loan commitments | $381 |
| Tier 1 (core) risk-based capital | $381 |
| Tier 2 risk-based capital | $3,750 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,720 |
| Derivatives | $200 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,939 |
| Total interest expense | $410 |
| Net interest income | $1,529 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $72 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $65 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $7 |
| Total noninterest expense | $1,290 |
| Salaries and employee benefits | $818 |
| Premises and equipment expense | $116 |
| Additional noninterest expense | $356 |
| Pre-tax net operating income | $311 |
| Securities gains (losses) | $4 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $315 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $315 |
| Net charge-offs | $0 |
| Cash dividends | $315 |
| Sale, conversion, retirement of capital stock, net | $110 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.06% |
| Cost of funding earning assets | 1.07% |
| Net interest margin | 3.99% |
| Noninterest income to earning assets | 0.19% |
| Noninterest expense to earning assets | 3.36% |
| Net operating income to assets | 0.76% |
| Return on assets (ROA) | 0.77% |
| Pretax return on assets | 0.77% |
| Return on equity (ROE) | 8.72% |
| Retained earnings to average equity (YTD only) | 8.72% |
| Net charge-offs to loans | 0.38% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 2.83% |
| Assets per employee | $80,575 |
| Cash dividends to net income (YTD only) | 3.25% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.50% |
| Noncurrent assets plus other real estate owned to assets | 240.54% |
| Noncurrent loans to loans | 0.44% |
| Net loans and leases to deposits | 0.63% |
| Net loans and leases to core deposits | 77.36% |
| Equity capital to assets | 78.76% |
| Core capital (leverage) ratio | 8.93% |
| Tier 1 risk-based capital ratio | 8.95% |
| Total risk-based capital ratio | 13.45% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $41,099 |
| Average equity | $3,613 |
| Average loans | $38,356 |
| 2 Minnesota Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 918 | Atwater State Bank | 222 Atlantic Avenue, Atwater, MN 56209 | May 16, 1932 | Full Service Brick and Mortar |  |
| 1 | 468122 | Kandiyohi Branch | 321 Pacific Avenue, Kandiyohi, MN 56251 | May 31, 2007 | 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.