First Community Bank Lester Prairie in Lester Prairie, Minnesota (MN)
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| First Community Bank Lester Prairie | |
|---|---|
| General | FDIC Certificate #: 8535 Status: Active Federal Reserve ID: 1017555 Bank Holding Company (Regulatory Top Holder): Prairie Bancshares, Inc. (RSSDID: 1125058, Location: Lester Prairie, MN) Date Established: September 15, 1913 WWW: http://www.fcblesterprairie.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 #: 14362 FDIC's unique #: 5443 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending 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: 500 Central Avenue, Lester Prairie, MN 55354 County: Mcleod Quarterly Banking Profile Region: Kansas City FDIC Geographic Region: Kansas City FDIC Supervisory Region: Kansas City FDIC Field Office: Mankato Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: West Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378) Core Based Statistical Area (CBSA): Hutchinson, MN (#26780) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $28.6 mil Equity capital: $2.8 mil Deposits held in domestic offices: $25.0 mil Return on assets (ROA): 0.80% ($0.2 mil) Quarterly return on assets: 0.47% ($0.1 mil) Return on Equity (ROE): 8.94% ($0.3 mil) Quarterly return on equity: 4.78% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.80% ($228.6 mil) Quarterly Pretax return on assets: 0.47% ($134.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 9 |
| Total assets | $28,575 |
| Cash and due from depository institutions | $2,244 |
| Interest-bearing balances | $101 |
| Securities | $9,639 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $14,754 |
| Loan loss allowance | $358 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $126 |
| Other real estate owned | $365 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,447 |
| Life insurance assets | $28,575 |
| Total liabilities and capital | $25,759 |
| Total liabilities | $24,951 |
| Total deposits | $20,353 |
| Interest-bearing deposits | $24,951 |
| Deposits held in domestic offices | $95 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $500 |
| Other borrowed funds | $0 |
| Subordinated debt | $308 |
| All other liabilities | $2,816 |
| Total equity capital | $2,816 |
| Total bank equity capital | $2,816 |
| Perpetual preferred stock | $0 |
| Common stock | $250 |
| Surplus | $1,500 |
| Undivided profits | $1,066 |
| 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 | $207 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $156 |
| Average Assets, year-to-date | $24,494 |
| Average Assets, quarterly | $10,327 |
| Volatile liabilities | $27,736 |
| Insider loans | $28,339 |
| FHLB advances | $18,682 |
| Loans and leases held for sale | $28,241 |
| Unused loan commitments | $954 |
| Tier 1 (core) risk-based capital | $954 |
| Tier 2 risk-based capital | $2,406 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $2,538 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $1,245 |
| Total interest expense | $172 |
| Net interest income | $1,073 |
| Provision for loan and lease losses | $125 |
| Total noninterest income | $233 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $89 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $144 |
| Total noninterest expense | $997 |
| Salaries and employee benefits | $562 |
| Premises and equipment expense | $144 |
| Additional noninterest expense | $291 |
| Pre-tax net operating income | $184 |
| Securities gains (losses) | $39 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $223 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $223 |
| Net charge-offs | $0 |
| Cash dividends | $223 |
| Sale, conversion, retirement of capital stock, net | $174 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.15% |
| Cost of funding earning assets | 0.71% |
| Net interest margin | 4.44% |
| Noninterest income to earning assets | 0.96% |
| Noninterest expense to earning assets | 4.12% |
| Net operating income to assets | 0.66% |
| Return on assets (ROA) | 0.80% |
| Pretax return on assets | 0.80% |
| Return on equity (ROE) | 8.94% |
| Retained earnings to average equity (YTD only) | 8.94% |
| Net charge-offs to loans | 1.11% |
| Credit loss provision to net charge-offs | 71.84% |
| Efficiency ratio | 1.78% |
| Assets per employee | $76,340 |
| Cash dividends to net income (YTD only) | 3.17% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.37% |
| Noncurrent assets plus other real estate owned to assets | 172.95% |
| Noncurrent loans to loans | 2.00% |
| Net loans and leases to deposits | 1.37% |
| Net loans and leases to core deposits | 59.13% |
| Equity capital to assets | 60.43% |
| Core capital (leverage) ratio | 9.85% |
| Tier 1 risk-based capital ratio | 8.52% |
| Total risk-based capital ratio | 12.88% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $27,736 |
| Average equity | $2,495 |
| Average loans | $24,170 |
| 1 Minnesota Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5443 | First Community Bank Lester Prairie | 500 Central Avenue, Lester Prairie, MN 55354 | September 15, 1913 | Full Service Brick and Mortar |  |
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