Eitzen State Bank in Caledonia, Minnesota (MN)



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Eitzen State Bank
GeneralFDIC Certificate #: 10980
Status: Active
Federal Reserve ID: 40855
Bank Holding Company (Regulatory Top Holder): Eitzen Independents, Inc. (RSSDID: 1127687, Location: Eitzen, MN)
Date Established: January 02, 1909
WWW: http://www.eitzenstatebank.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 #: 11844
FDIC's unique #: 7033
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: September 01, 2007
Last Structure Change Process Date: September 24, 2007
Last Data Update: September 24, 2007
Data Source Date: April 05, 2012
LocationAddress: 115 North Highway 44/76, Caledonia, MN 55921
County: Houston
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): La Crosse, WI-MN (#3870)
Core Based Statistical Area (CBSA): La Crosse, WI-MN (#29100)
CBSA Metro Statistical Area: La Crosse, WI-MN (#29100)
History of ChangesChange in Location
Financial SummaryTotal assets: $77.5 mil
Equity capital: $6.9 mil
Deposits held in domestic offices: $64.3 mil
Return on assets (ROA): 1.47% ($1.1 mil)
Quarterly return on assets: 1.57% ($1.2 mil)
Return on Equity (ROE): 17.14% ($1.2 mil)
Quarterly return on equity: 17.97% ($1.3 mil)
Net income: $1.1 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.47% ($1,139.8 mil)
Quarterly Pretax return on assets: 1.57% ($1,217.4 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)
Total employees (full-time equivalent)14
Total assets$77,540
Cash and due from depository institutions$7,751
Interest-bearing balances$7,300
Securities$23,723
Federal funds sold & reverse repurchase agreements$455
Net loans & leases$42,696
Loan loss allowance $590
Trading account assets$0
Bank premises and fixed assets$668
Other real estate owned$696
Goodwill and other intangibles$200
All other assets$1,351
Life insurance assets$77,540
Total liabilities and capital$70,647
Total liabilities$64,286
Total deposits$58,656
Interest-bearing deposits$64,286
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,021
Other borrowed funds $0
Subordinated debt $340
All other liabilities $6,893
Total equity capital$6,893
Total bank equity capital$6,893
Perpetual preferred stock$0
Common stock$130
Surplus$4,870
Undivided profits $1,893
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 $70
Earning assets $0
Long-term assets (5+ years) $436
Average Assets, year-to-date $74,174
Average Assets, quarterly $29,045
Volatile liabilities $74,868
Insider loans $77,242
FHLB advances $51,387
Loans and leases held for sale $79,287
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $6,313
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,379
Derivatives$1,482
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,522
Total interest expense $1,217
Net interest income $2,305
Provision for loan and lease losses $90
Total noninterest income $499
Fiduciary activities $0
Service charges on deposit accounts $142
Trading account gains & fees $0
Additional noninterest income $357
Total noninterest expense $1,653
Salaries and employee benefits $934
Premises and equipment expense $190
Additional noninterest expense $529
Pre-tax net operating income $1,061
Securities gains (losses) $38
Applicable income taxes $0
Income before extraordinary items $1,099
Extraordinary gains - net $0
Net income attributable to bank $1,099
Net charge-offs $0
Cash dividends $1,099
Sale, conversion, retirement of capital stock, net $2
Net operating income $413
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.98%
Cost of funding earning assets 1.72%
Net interest margin 3.26%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 2.34%
Net operating income to assets 1.42%
Return on assets (ROA) 1.47%
Pretax return on assets 1.47%
Return on equity (ROE) 17.14%
Retained earnings to average equity (YTD only) 10.70%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 4500.00%
Efficiency ratio575.50%
Assets per employee$58,951
Cash dividends to net income (YTD only)5.54%
Condition Ratios (%)
Loss allowance to loans 37.58%
Loss allowance to noncurrent loans 1.36%
Noncurrent assets plus other real estate owned to assets 842.86%
Noncurrent loans to loans 0.99%
Net loans and leases to deposits0.16%
Net loans and leases to core deposits 66.42%
Equity capital to assets 68.50%
Core capital (leverage) ratio 8.89%
Tier 1 risk-based capital ratio 7.96%
Total risk-based capital ratio 12.29%
Memoranda
Average assets$13
Average earning assets$74,868
Average equity $6,412
Average loans $70,683
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2 Minnesota Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07033Eitzen State Bank115 North Highway 44/76, Caledonia, MN 55921January 02, 1909Full Service Brick and Mortar
1468145Eitzen Office108 Iowa Avenue Branch, Eitzen, MN 55931September 01, 2007Full Service Brick and Mortar
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