Clinton State Bank in Clinton, Minnesota (MN)
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| Clinton State Bank | |
|---|---|
| General | FDIC Certificate #: 1099 Status: Active Federal Reserve ID: 341851 Bank Holding Company (Regulatory Top Holder): Clinton Bancshares, Inc. (RSSDID: 1126587, Location: Clinton, MN) Date Established: January 01, 1903 WWW: http://www.clintonstatebank.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) OTS Docket #: 15451 FDIC's unique #: 744 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: 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: Main St. & Ushy 75, Clinton, MN 56225 County: Big Stone Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Fargo 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: $67.0 mil Equity capital: $9.0 mil Deposits held in domestic offices: $57.5 mil Return on assets (ROA): 2.19% ($1.5 mil) Quarterly return on assets: 0.25% ($0.2 mil) Return on Equity (ROE): 16.56% ($1.5 mil) Quarterly return on equity: 1.85% ($0.2 mil) Net income: $1.5 mil Quarterly Net income: $0.0 mil Pretax return on assets: 2.18% ($1,461.6 mil) Quarterly Pretax return on assets: 0.25% ($167.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $67,044 |
| Cash and due from depository institutions | $2,197 |
| Interest-bearing balances | $501 |
| Securities | $16,620 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $46,813 |
| Loan loss allowance | $611 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $140 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,274 |
| Life insurance assets | $67,044 |
| Total liabilities and capital | $58,037 |
| Total liabilities | $57,533 |
| Total deposits | $49,382 |
| Interest-bearing deposits | $57,533 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 400.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $9 |
| Other borrowed funds | $0 |
| Subordinated debt | $95 |
| All other liabilities | $9,007 |
| Total equity capital | $9,007 |
| Total bank equity capital | $9,007 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $4,500 |
| Undivided profits | $4,407 |
| 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 | $452 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $820 |
| Average Assets, year-to-date | $63,934 |
| Average Assets, quarterly | $4,638 |
| Volatile liabilities | $67,070 |
| Insider loans | $67,221 |
| FHLB advances | $50,117 |
| Loans and leases held for sale | $67,360 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $8,691 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $6,189 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,273 |
| Total interest expense | $600 |
| Net interest income | $2,673 |
| Provision for loan and lease losses | $45 |
| Total noninterest income | $142 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $110 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $32 |
| Total noninterest expense | $1,305 |
| Salaries and employee benefits | $848 |
| Premises and equipment expense | $78 |
| Additional noninterest expense | $379 |
| Pre-tax net operating income | $1,465 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$1 |
| Income before extraordinary items | $1,466 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,466 |
| Net charge-offs | $0 |
| Cash dividends | $1,466 |
| Sale, conversion, retirement of capital stock, net | -$1 |
| Net operating income | $1,060 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.10% |
| Cost of funding earning assets | 0.93% |
| Net interest margin | 4.16% |
| Noninterest income to earning assets | 0.22% |
| Noninterest expense to earning assets | 2.03% |
| Net operating income to assets | 2.19% |
| Return on assets (ROA) | 2.19% |
| Pretax return on assets | 2.18% |
| Return on equity (ROE) | 16.56% |
| Retained earnings to average equity (YTD only) | 4.59% |
| Net charge-offs to loans | -0.00% |
| Credit loss provision to net charge-offs | -4500.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $46,359 |
| Cash dividends to net income (YTD only) | 7.45% |
| Condition Ratios (%) | |
| Loss allowance to loans | 72.31% |
| Loss allowance to noncurrent loans | 1.29% |
| Noncurrent assets plus other real estate owned to assets | 135.18% |
| Noncurrent loans to loans | 0.67% |
| Net loans and leases to deposits | 0.95% |
| Net loans and leases to core deposits | 81.37% |
| Equity capital to assets | 85.93% |
| Core capital (leverage) ratio | 13.43% |
| Tier 1 risk-based capital ratio | 12.90% |
| Total risk-based capital ratio | 17.34% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $67,070 |
| Average equity | $8,853 |
| Average loans | $64,234 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 744 | Clinton State Bank | Main St. & Ushy 75, Clinton, MN 56225 | January 01, 1903 | 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.