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

Exchange State Bank - Overview

  • General
  • FDIC Certificate #: 8212
    Status: Active
    Federal Reserve ID: 85258
    Bank Holding Company (Regulatory Top Holder): Larch Bancorporation Inc. (RSSDID: 1206658, Location: Larchwood, IA)
    Date Established: January 01, 1900
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 16119
    FDIC's unique #: 5235
    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 08, 2008
    Last Structure Change Process Date: October 27, 2008
    Last Data Update: October 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 Gabrielson Rd, Luverne, MN 56156
    County: Rock
    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
  • Change in Location
  • Financial Summary
  • Total assets: $140.6 mil
    Equity capital: $11.6 mil
    Deposits held in domestic offices: $109.7 mil
    Return on assets (ROA): 1.05% ($1.5 mil)
    Quarterly return on assets: 1.21% ($1.7 mil)
    Return on Equity (ROE): 12.35% ($1.5 mil)
    Quarterly return on equity: 14.28% ($1.7 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.06% ($1,490.7 mil)
    Quarterly Pretax return on assets: 1.21% ($1,701.7 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
  • 24Total employees (full-time equivalent)
  • $140,634Total assets
  • $17,125Cash and due from depository institutions
  • $12,011Interest-bearing balances
  • $34,143Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,007Net loans & leases
  • $666Loan loss allowance
  • $0Trading account assets
  • $1,948Bank premises and fixed assets
  • $0Other real estate owned
  • $515Goodwill and other intangibles
  • $140,634Life insurance assets
  • $3,896All other assets
  • $129,051Total liabilities and capital
  • $109,737Total liabilities
  • $91,503Total deposits
  • $109,737Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 7000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $314Subordinated debt
  • $11,583All other liabilities
  • $11,583Total equity capital
  • $11,583Total bank equity capital
  • $0Perpetual preferred stock
  • $153Common stock
  • $9,847Surplus
  • $1,583Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $41Income earned, not collected on loans
  • $0Earning assets
  • $1,594Long-term assets (5+ years)
  • $129,161Average Assets, year-to-date
  • $26,380Average Assets, quarterly
  • $128,930Volatile liabilities
  • $135,575Insider loans
  • $92,094FHLB advances
  • $127,309Loans and leases held for sale
  • $1,001Unused loan commitments
  • $1,001Tier 1 (core) risk-based capital
  • $10,692Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,306Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,191Total interest income
  • $1,333Total interest expense
  • $3,858Net interest income
  • $60Provision for loan and lease losses
  • $149Total noninterest income
  • $0Fiduciary activities
  • $30Service charges on deposit accounts
  • $0Trading account gains & fees
  • $119Additional noninterest income
  • $2,586Total noninterest expense
  • $1,638Salaries and employee benefits
  • $262Premises and equipment expense
  • $686Additional noninterest expense
  • $1,361Pre-tax net operating income
  • $0Securities gains (losses)
  • $12Applicable income taxes
  • $1,349Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,349Net income attributable to bank
  • $0Net charge-offs
  • $1,349Cash dividends
  • $66Sale, conversion, retirement of capital stock, net
  • $358Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.25%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 12.35%Return on equity (ROE)
  • 9.07%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 90.91%Credit loss provision to net charge-offs
  • 21.53%Efficiency ratio
  • 64,537Assets per employee
  • 5.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.54%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 1624.39%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 75.64%Net loans and leases to core deposits
  • 81.70%Equity capital to assets
  • 8.24%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.61%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $128,930Average earning assets
  • $10,920Average equity
  • $118,578Average loans

List of branches

  • 4 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05235Exchange State Bank310 Gabrielson Rd, Luverne, MN 56156January 01, 1900Full Service Brick and Mortar
    26538Ellsworth State Bank BranchMain Street, Ellsworth, MN 56129October 01, 1893Full Service Brick and Mortar
    36776Hardwick Office BranchMain Street, Hardwick, MN 56134October 26, 1925Full Service Brick and Mortar
    4481650Hills BranchState Highway 270 And County Road 6, Hills, MN 56138September 08, 2008Full Service Brick and Mortar

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