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
    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)

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Community Bank Lester Prairie.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents