Currie State Bank in Currie, Minnesota (MN)
| Currie State Bank | |
|---|---|
| General | FDIC Certificate #: 8833 Status: Active Federal Reserve ID: 343958 Bank Holding Company (Regulatory Top Holder): Currie Bancorporation, Inc. (RSSDID: 1125151, Location: Currie, MN) Date Established: Febuary 01, 1931 WWW: http://www.curriestatebank.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) OTS Docket #: 13638 FDIC's unique #: 5628 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: No 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: 141 Mill Street, Currie, MN 56123 County: Murray Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Sioux Falls Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $46.7 mil Equity capital: $4.3 mil Deposits held in domestic offices: $36.1 mil Return on assets (ROA): 1.03% ($0.5 mil) Quarterly return on assets: 1.00% ($0.5 mil) Return on Equity (ROE): 11.22% ($0.4 mil) Quarterly return on equity: 10.72% ($0.4 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.64% ($766.2 mil) Quarterly Pretax return on assets: 1.43% ($668.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 12 |
| Total assets | $46,722 |
| Cash and due from depository institutions | $952 |
| Interest-bearing balances | $15 |
| Securities | $1,558 |
| Federal funds sold & reverse repurchase agreements | $1,231 |
| Net loans & leases | $40,789 |
| Loan loss allowance | $404 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $195 |
| Other real estate owned | $385 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,612 |
| Life insurance assets | $46,722 |
| Total liabilities and capital | $42,409 |
| Total liabilities | $36,085 |
| Total deposits | $31,127 |
| Interest-bearing deposits | $36,085 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $5,850 |
| Other borrowed funds | $0 |
| Subordinated debt | $474 |
| All other liabilities | $4,313 |
| Total equity capital | $4,313 |
| Total bank equity capital | $4,313 |
| Perpetual preferred stock | $0 |
| Common stock | $50 |
| Surplus | $4,000 |
| Undivided profits | $263 |
| 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 | $682 |
| Earning assets | $12 |
| Long-term assets (5+ years) | $699 |
| Average Assets, year-to-date | $43,593 |
| Average Assets, quarterly | $9,375 |
| Volatile liabilities | $44,382 |
| Insider loans | $45,615 |
| FHLB advances | $40,725 |
| Loans and leases held for sale | $43,852 |
| Unused loan commitments | $467 |
| Tier 1 (core) risk-based capital | $467 |
| Tier 2 risk-based capital | $4,275 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,547 |
| Derivatives | $22 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $2,762 |
| Total interest expense | $662 |
| Net interest income | $2,100 |
| Provision for loan and lease losses | $50 |
| Total noninterest income | $71 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $153 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$82 |
| Total noninterest expense | $1,395 |
| Salaries and employee benefits | $851 |
| Premises and equipment expense | $113 |
| Additional noninterest expense | $431 |
| Pre-tax net operating income | $726 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $267 |
| Income before extraordinary items | $459 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $459 |
| Net charge-offs | $0 |
| Cash dividends | $459 |
| Sale, conversion, retirement of capital stock, net | $22 |
| Net operating income | $135 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.76% |
| Cost of funding earning assets | 1.62% |
| Net interest margin | 5.14% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 3.41% |
| Net operating income to assets | 1.03% |
| Return on assets (ROA) | 1.03% |
| Pretax return on assets | 1.64% |
| Return on equity (ROE) | 11.22% |
| Retained earnings to average equity (YTD only) | 7.92% |
| Net charge-offs to loans | 0.06% |
| Credit loss provision to net charge-offs | 227.27% |
| Efficiency ratio | 35.27% |
| Assets per employee | $64,256 |
| Cash dividends to net income (YTD only) | 3.89% |
| Condition Ratios (%) | |
| Loss allowance to loans | 29.41% |
| Loss allowance to noncurrent loans | 0.98% |
| Noncurrent assets plus other real estate owned to assets | 59.24% |
| Noncurrent loans to loans | 2.28% |
| Net loans and leases to deposits | 1.66% |
| Net loans and leases to core deposits | 113.04% |
| Equity capital to assets | 120.80% |
| Core capital (leverage) ratio | 9.23% |
| Tier 1 risk-based capital ratio | 9.75% |
| Total risk-based capital ratio | 10.50% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $44,382 |
| Average equity | $4,090 |
| Average loans | $40,883 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5628 | Currie State Bank | 141 Mill Street, Currie, MN 56123 | Febuary 01, 1931 | Full Service Brick and Mortar |  |
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