First Community Bank Lester Prairie in Lester Prairie, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank Lester Prairie - Overview

  • 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
    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)

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
  • 9Total employees (full-time equivalent)
  • $28,575Total assets
  • $2,244Cash and due from depository institutions
  • $101Interest-bearing balances
  • $9,639Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $14,754Net loans & leases
  • $358Loan loss allowance
  • $0Trading account assets
  • $126Bank premises and fixed assets
  • $365Other real estate owned
  • $0Goodwill and other intangibles
  • $28,575Life insurance assets
  • $1,447All other assets
  • $25,759Total liabilities and capital
  • $24,951Total liabilities
  • $20,353Total deposits
  • $24,951Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $308Subordinated debt
  • $2,816All other liabilities
  • $2,816Total equity capital
  • $2,816Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $1,500Surplus
  • $1,066Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $207Income earned, not collected on loans
  • $0Earning assets
  • $156Long-term assets (5+ years)
  • $24,494Average Assets, year-to-date
  • $10,327Average Assets, quarterly
  • $27,736Volatile liabilities
  • $28,339Insider loans
  • $18,682FHLB advances
  • $28,241Loans and leases held for sale
  • $954Unused loan commitments
  • $954Tier 1 (core) risk-based capital
  • $2,406Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,538Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,245Total interest income
  • $172Total interest expense
  • $1,073Net interest income
  • $125Provision for loan and lease losses
  • $233Total noninterest income
  • $0Fiduciary activities
  • $89Service charges on deposit accounts
  • $0Trading account gains & fees
  • $144Additional noninterest income
  • $997Total noninterest expense
  • $562Salaries and employee benefits
  • $144Premises and equipment expense
  • $291Additional noninterest expense
  • $184Pre-tax net operating income
  • $39Securities gains (losses)
  • $0Applicable income taxes
  • $223Income before extraordinary items
  • $0Extraordinary gains - net
  • $223Net income attributable to bank
  • $0Net charge-offs
  • $223Cash dividends
  • $174Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 8.94%Return on equity (ROE)
  • 8.94%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 71.84%Credit loss provision to net charge-offs
  • 1.78%Efficiency ratio
  • 76,340Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 172.95%Noncurrent assets plus other real estate owned to assets
  • 2.00%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 59.13%Net loans and leases to core deposits
  • 60.43%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 8.52%Tier 1 risk-based capital ratio
  • 12.88%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $27,736Average earning assets
  • $2,495Average equity
  • $24,170Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05443First Community Bank Lester Prairie500 Central Avenue, Lester Prairie, MN 55354September 15, 1913Full Service Brick and Mortar

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