First Community Bank Silver Lake in Silver Lake, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank Silver Lake - Overview

  • General
  • FDIC Certificate #: 8543
    Status: Active
    Federal Reserve ID: 185457
    Bank Holding Company (Regulatory Top Holder): Prairie Bancshares, Inc. (RSSDID: 1125058, Location: Lester Prairie, MN)
    Date Established: October 23, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 5451
    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: Other Specialized Lending < 1 Billion
    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: 201 West Main Street, Silver Lake, MN 55381
    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: $24.9 mil
    Equity capital: $2.6 mil
    Deposits held in domestic offices: $22.3 mil
    Return on assets (ROA): 1.08% ($0.3 mil)
    Quarterly return on assets: 0.45% ($0.1 mil)
    Return on Equity (ROE): 11.89% ($0.4 mil)
    Quarterly return on equity: 4.38% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.08% ($268.9 mil)
    Quarterly Pretax return on assets: 0.45% ($112.0 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
  • 6Total employees (full-time equivalent)
  • $24,896Total assets
  • $2,507Cash and due from depository institutions
  • $100Interest-bearing balances
  • $11,346Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $9,246Net loans & leases
  • $154Loan loss allowance
  • $0Trading account assets
  • $264Bank premises and fixed assets
  • $60Other real estate owned
  • $0Goodwill and other intangibles
  • $24,895Life insurance assets
  • $473All other assets
  • $22,297Total liabilities and capital
  • $22,259Total liabilities
  • $20,491Total deposits
  • $22,259Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $38Subordinated debt
  • $2,598All other liabilities
  • $2,598Total equity capital
  • $2,598Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,450Surplus
  • $848Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $147Long-term assets (5+ years)
  • $21,692Average Assets, year-to-date
  • $12,373Average Assets, quarterly
  • $24,622Volatile liabilities
  • $24,863Insider loans
  • $13,003FHLB advances
  • $25,125Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,131Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,640Restructured Loans and leases
  • $42Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $991Total interest income
  • $219Total interest expense
  • $772Net interest income
  • $74Provision for loan and lease losses
  • $31Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $662Total noninterest expense
  • $344Salaries and employee benefits
  • $113Premises and equipment expense
  • $205Additional noninterest expense
  • $67Pre-tax net operating income
  • $200Securities gains (losses)
  • $0Applicable income taxes
  • $267Income before extraordinary items
  • $0Extraordinary gains - net
  • $267Net income attributable to bank
  • $0Net charge-offs
  • $267Cash dividends
  • $77Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.42%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 11.89%Return on equity (ROE)
  • -3.70%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 96.10%Credit loss provision to net charge-offs
  • 1.83%Efficiency ratio
  • 82,441Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 131.09%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 41.54%Net loans and leases to core deposits
  • 43.49%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 16.39%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $24,622Average earning assets
  • $2,245Average equity
  • $22,417Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05451First Community Bank Silver Lake201 West Main Street, Silver Lake, MN 55381October 23, 1919Full Service Brick and Mortar

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