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

Avon State Bank - Overview

  • General
  • FDIC Certificate #: 10171
    Status: Active
    Federal Reserve ID: 362753
    Bank Holding Company (Regulatory Top Holder): Avon State Bank Employee Stock Ownership Plan & Trust (RSSDID: 2183943, Location: Avon, MN)
    Date Established: July 19, 1907
    WWW: http://www.avonstatebank.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 #: 6512
    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: 104 Avon Ave North, Avon, MN 56310
    County: Stearns
    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): St. Cloud, MN (#6980)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): St. Cloud, MN (#41060)
    CBSA Metro Statistical Area: St. Cloud, MN (#41060)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $105.5 mil
    Equity capital: $13.3 mil
    Deposits held in domestic offices: $92.0 mil
    Return on assets (ROA): 1.24% ($1.3 mil)
    Quarterly return on assets: 1.21% ($1.3 mil)
    Return on Equity (ROE): 10.24% ($1.3 mil)
    Quarterly return on equity: 9.68% ($1.3 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.25% ($1,318.4 mil)
    Quarterly Pretax return on assets: 1.22% ($1,286.7 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
  • 17Total employees (full-time equivalent)
  • $105,470Total assets
  • $10,706Cash and due from depository institutions
  • $3,780Interest-bearing balances
  • $40,103Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $52,513Net loans & leases
  • $1,112Loan loss allowance
  • $0Trading account assets
  • $249Bank premises and fixed assets
  • $657Other real estate owned
  • $0Goodwill and other intangibles
  • $105,470Life insurance assets
  • $1,242All other assets
  • $92,184Total liabilities and capital
  • $92,039Total liabilities
  • $79,810Total deposits
  • $92,039Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $145Subordinated debt
  • $13,286All other liabilities
  • $13,286Total equity capital
  • $13,286Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $3,800Surplus
  • $9,286Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $335Income earned, not collected on loans
  • $0Earning assets
  • $445Long-term assets (5+ years)
  • $96,396Average Assets, year-to-date
  • $29,956Average Assets, quarterly
  • $103,204Volatile liabilities
  • $105,233Insider loans
  • $49,520FHLB advances
  • $104,469Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,518Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,808Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,914Total interest income
  • $858Total interest expense
  • $3,056Net interest income
  • $0Provision for loan and lease losses
  • $144Total noninterest income
  • $0Fiduciary activities
  • $67Service charges on deposit accounts
  • $0Trading account gains & fees
  • $77Additional noninterest income
  • $1,915Total noninterest expense
  • $1,162Salaries and employee benefits
  • $184Premises and equipment expense
  • $569Additional noninterest expense
  • $1,285Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $1,284Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,284Net income attributable to bank
  • $0Net charge-offs
  • $1,284Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $669Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 10.24%Return on equity (ROE)
  • 4.90%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 13.25%Efficiency ratio
  • 59,844Assets per employee
  • 6.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.10%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 331.94%Noncurrent assets plus other real estate owned to assets
  • 0.94%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 57.06%Net loans and leases to core deposits
  • 57.43%Equity capital to assets
  • 12.60%Core capital (leverage) ratio
  • 11.98%Tier 1 risk-based capital ratio
  • 25.28%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $103,204Average earning assets
  • $12,541Average equity
  • $95,104Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06512Avon State Bank104 Avon Ave North, Avon, MN 56310July 19, 1907Full Service Brick and Mortar

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