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

Atwater State Bank - Overview

  • 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
    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)

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
  • 13Total employees (full-time equivalent)
  • $42,302Total assets
  • $5,331Cash and due from depository institutions
  • $4,448Interest-bearing balances
  • $6,238Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,137Net loans & leases
  • $445Loan loss allowance
  • $0Trading account assets
  • $518Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $42,303Life insurance assets
  • $1,078All other assets
  • $38,527Total liabilities and capital
  • $37,662Total liabilities
  • $30,435Total deposits
  • $37,662Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $765Trading liabilities
  • $0Other borrowed funds
  • $100Subordinated debt
  • $3,776All other liabilities
  • $3,776Total equity capital
  • $3,776Total bank equity capital
  • $0Perpetual preferred stock
  • $30Common stock
  • $2,970Surplus
  • $776Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $185Income earned, not collected on loans
  • $0Earning assets
  • $361Long-term assets (5+ years)
  • $39,823Average Assets, year-to-date
  • $5,279Average Assets, quarterly
  • $41,099Volatile liabilities
  • $41,935Insider loans
  • $27,881FHLB advances
  • $41,896Loans and leases held for sale
  • $381Unused loan commitments
  • $381Tier 1 (core) risk-based capital
  • $3,750Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,720Restructured Loans and leases
  • $200Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,939Total interest income
  • $410Total interest expense
  • $1,529Net interest income
  • $0Provision for loan and lease losses
  • $72Total noninterest income
  • $0Fiduciary activities
  • $65Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7Additional noninterest income
  • $1,290Total noninterest expense
  • $818Salaries and employee benefits
  • $116Premises and equipment expense
  • $356Additional noninterest expense
  • $311Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $315Income before extraordinary items
  • $0Extraordinary gains - net
  • $315Net income attributable to bank
  • $0Net charge-offs
  • $315Cash dividends
  • $110Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 8.72%Return on equity (ROE)
  • 8.72%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 2.83%Efficiency ratio
  • 80,575Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 240.54%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 77.36%Net loans and leases to core deposits
  • 78.76%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 13.45%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $41,099Average earning assets
  • $3,613Average equity
  • $38,356Average loans

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0918Atwater State Bank222 Atlantic Avenue, Atwater, MN 56209May 16, 1932Full Service Brick and Mortar
    1468122Kandiyohi Branch321 Pacific Avenue, Kandiyohi, MN 56251May 31, 2007Full Service Brick and Mortar

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