First Bank & Trust, National Association in Pipestone, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank & Trust, National Association - Overview

  • General
  • FDIC Certificate #: 5227
    Status: Active
    Federal Reserve ID: 755850
    Bank Holding Company (Regulatory Top Holder): Fishback Financial Corporation (RSSDID: 1123072, Location: Brookings, SD)
    Date Established: Febuary 28, 1889
    WWW: http://www.bankeasy.compipestone/
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 11149
    FDIC's unique #: 3512
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2010
    Last Structure Change Process Date: January 20, 2010
    Last Data Update: January 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 Second Street, N.W., Pipestone, MN 56164
    County: Pipestone
    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
  • Name Change
  • Financial Summary
  • Total assets: $184.3 mil
    Equity capital: $18.6 mil
    Deposits held in domestic offices: $164.7 mil
    Return on assets (ROA): 1.25% ($2.3 mil)
    Quarterly return on assets: 1.24% ($2.3 mil)
    Return on Equity (ROE): 11.53% ($2.2 mil)
    Quarterly return on equity: 11.86% ($2.3 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.79% ($3,298.5 mil)
    Quarterly Pretax return on assets: 1.75% ($3,224.8 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
  • 27Total employees (full-time equivalent)
  • $184,275Total assets
  • $8,342Cash and due from depository institutions
  • $4,110Interest-bearing balances
  • $46,585Securities
  • $2,647Federal funds sold & reverse repurchase agreements
  • $114,547Net loans & leases
  • $1,441Loan loss allowance
  • $0Trading account assets
  • $1,035Bank premises and fixed assets
  • $1,313Other real estate owned
  • $2,721Goodwill and other intangibles
  • $184,275Life insurance assets
  • $7,085All other assets
  • $165,717Total liabilities and capital
  • $164,749Total liabilities
  • $132,449Total deposits
  • $164,749Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $968Subordinated debt
  • $18,558All other liabilities
  • $18,558Total equity capital
  • $18,558Total bank equity capital
  • $0Perpetual preferred stock
  • $420Common stock
  • $11,137Surplus
  • $7,001Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27Income earned, not collected on loans
  • $0Earning assets
  • $1,219Long-term assets (5+ years)
  • $167,889Average Assets, year-to-date
  • $75,903Average Assets, quarterly
  • $169,061Volatile liabilities
  • $177,110Insider loans
  • $139,294FHLB advances
  • $172,012Loans and leases held for sale
  • $3,010Unused loan commitments
  • $3,010Tier 1 (core) risk-based capital
  • $15,048Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,506Restructured Loans and leases
  • $10,693Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,643Total interest income
  • $1,543Total interest expense
  • $6,100Net interest income
  • -$130Provision for loan and lease losses
  • $1,123Total noninterest income
  • $0Fiduciary activities
  • $420Service charges on deposit accounts
  • $0Trading account gains & fees
  • $703Additional noninterest income
  • $4,335Total noninterest expense
  • $1,608Salaries and employee benefits
  • $332Premises and equipment expense
  • $2,395Additional noninterest expense
  • $3,018Pre-tax net operating income
  • $0Securities gains (losses)
  • $901Applicable income taxes
  • $2,117Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,117Net income attributable to bank
  • $0Net charge-offs
  • $2,117Cash dividends
  • $354Sale, conversion, retirement of capital stock, net
  • $3,050Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 11.53%Return on equity (ROE)
  • -5.08%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • -36.72%Credit loss provision to net charge-offs
  • 8.16%Efficiency ratio
  • 60,017Assets per employee
  • 6.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 144.07%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 5337.04%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 69.53%Net loans and leases to core deposits
  • 76.36%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 8.75%Tier 1 risk-based capital ratio
  • 10.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $169,061Average earning assets
  • $18,358Average equity
  • $153,477Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $12,695Managed Assets
  • 1Number of Accounts
  • $8,085Personal trust and agency accounts
  • $1,588Employee benefit-defined contribution accounts
  • $2,313Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $361Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,823Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 153Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,610Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,309Other fiduciary accounts
  • $2,300Fiduciary accounts held in foreign offices

List of branches

  • 2 Minnesota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03512First Bank & Trust, National Association101 Second Street, N.W., Pipestone, MN 56164Febuary 28, 1889Full Service Brick and Mortar
    4207373Cyber OfficeWww.Banking.com/Fnbpipe/, Pipestone, MN 56164March 15, 1997Full Service Cyber

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