First Bank & Trust, National Association in Pipestone, Minnesota (MN)


First Bank & Trust, National Association routing number info

Table of contents:
First Bank & Trust, National Association
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)27
Total assets$184,275
Cash and due from depository institutions$8,342
Interest-bearing balances$4,110
Securities$46,585
Federal funds sold & reverse repurchase agreements$2,647
Net loans & leases$114,547
Loan loss allowance $1,441
Trading account assets$0
Bank premises and fixed assets$1,035
Other real estate owned$1,313
Goodwill and other intangibles$2,721
All other assets$7,085
Life insurance assets$184,275
Total liabilities and capital$165,717
Total liabilities$164,749
Total deposits$132,449
Interest-bearing deposits$164,749
Deposits held in domestic offices$70
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $968
All other liabilities $18,558
Total equity capital$18,558
Total bank equity capital$18,558
Perpetual preferred stock$0
Common stock$420
Surplus$11,137
Undivided profits $7,001
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 $27
Earning assets $0
Long-term assets (5+ years) $1,219
Average Assets, year-to-date $167,889
Average Assets, quarterly $75,903
Volatile liabilities $169,061
Insider loans $177,110
FHLB advances $139,294
Loans and leases held for sale $172,012
Unused loan commitments $3,010
Tier 1 (core) risk-based capital $3,010
Tier 2 risk-based capital $15,048
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $27,506
Derivatives$10,693
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,643
Total interest expense $1,543
Net interest income $6,100
Provision for loan and lease losses -$130
Total noninterest income $1,123
Fiduciary activities $0
Service charges on deposit accounts $420
Trading account gains & fees $0
Additional noninterest income $703
Total noninterest expense $4,335
Salaries and employee benefits $1,608
Premises and equipment expense $332
Additional noninterest expense $2,395
Pre-tax net operating income $3,018
Securities gains (losses) $0
Applicable income taxes $901
Income before extraordinary items $2,117
Extraordinary gains - net $0
Net income attributable to bank $2,117
Net charge-offs $0
Cash dividends $2,117
Sale, conversion, retirement of capital stock, net $354
Net operating income $3,050
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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 1.01%
Net interest margin 3.97%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 2.82%
Net operating income to assets 1.25%
Return on assets (ROA) 1.25%
Pretax return on assets 1.79%
Return on equity (ROE) 11.53%
Retained earnings to average equity (YTD only) -5.08%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs -36.72%
Efficiency ratio8.16%
Assets per employee$60,017
Cash dividends to net income (YTD only)6.83%
Condition Ratios (%)
Loss allowance to loans 144.07%
Loss allowance to noncurrent loans 1.24%
Noncurrent assets plus other real estate owned to assets 5337.04%
Noncurrent loans to loans 0.73%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 69.53%
Equity capital to assets 76.36%
Core capital (leverage) ratio 10.07%
Tier 1 risk-based capital ratio 8.75%
Total risk-based capital ratio 10.80%
Memoranda
Average assets$12
Average earning assets$169,061
Average equity $18,358
Average loans $153,477
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Total Fiduciary and Related Assets (December 31, 2002)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$12,695
Number of Accounts1
Personal trust and agency accounts$8,085
Employee benefit-defined contribution accounts$1,588
Employee benefit-defined benefit accounts$2,313
Other retirement accounts$0
Corporate trust and agency accounts$361
Investment management agency accounts$0
Other fiduciary accounts$3,823
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts153
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,610
Corporate trust and agency accounts$0
Other fiduciary accounts$2,309
Fiduciary accounts held in foreign offices$2,300
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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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