First Financial Bank in Twin Valley, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Financial Bank - Overview

  • General
  • FDIC Certificate #: 16115
    Status: Active
    Federal Reserve ID: 188757
    Bank Holding Company (Regulatory Top Holder): Medr Bancshares, Inc. (RSSDID: 1122703, Location: Erskine, MN)
    Date Established: January 03, 1944
    WWW: http://www.ffbtwinvalley.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)
    FDIC's unique #: 10331
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 03, 1944
    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: 205 Main Avenue West, Twin Valley, MN 56584
    County: Norman
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Grand Forks
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $16.1 mil
    Equity capital: $2.0 mil
    Deposits held in domestic offices: $14.0 mil
    Return on assets (ROA): 0.40% ($0.1 mil)
    Quarterly return on assets: 0.18% ($0.0 mil)
    Return on Equity (ROE): 3.48% ($0.1 mil)
    Quarterly return on equity: 1.37% ($0.0 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.40% ($64.4 mil)
    Quarterly Pretax return on assets: 0.18% ($29.0 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
  • 5Total employees (full-time equivalent)
  • $16,095Total assets
  • $2,435Cash and due from depository institutions
  • $1,929Interest-bearing balances
  • $6,249Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $4,095Net loans & leases
  • $109Loan loss allowance
  • $0Trading account assets
  • $153Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $16,095Life insurance assets
  • $163All other assets
  • $14,054Total liabilities and capital
  • $14,039Total liabilities
  • $9,760Total deposits
  • $14,039Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $15Subordinated debt
  • $2,041All other liabilities
  • $2,041Total equity capital
  • $2,041Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $950Surplus
  • $1,041Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $74Income earned, not collected on loans
  • $70Earning assets
  • $103Long-term assets (5+ years)
  • $15,273Average Assets, year-to-date
  • $4,618Average Assets, quarterly
  • $16,113Volatile liabilities
  • $15,833Insider loans
  • $5,654FHLB advances
  • $16,072Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,880Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $495Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $520Total interest income
  • $54Total interest expense
  • $466Net interest income
  • $5Provision for loan and lease losses
  • $84Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $480Total noninterest expense
  • $258Salaries and employee benefits
  • $75Premises and equipment expense
  • $147Additional noninterest expense
  • $65Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $65Income before extraordinary items
  • $0Extraordinary gains - net
  • $65Net income attributable to bank
  • $0Net charge-offs
  • $65Cash dividends
  • $25Sale, conversion, retirement of capital stock, net
  • $27Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.40%Yield on earning assets
  • 0.35%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 2.03%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 20.00%Credit loss provision to net charge-offs
  • 2.80%Efficiency ratio
  • 87,273Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.54%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 147.30%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 29.17%Net loans and leases to core deposits
  • 29.17%Equity capital to assets
  • 12.68%Core capital (leverage) ratio
  • 11.70%Tier 1 risk-based capital ratio
  • 33.25%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $16,113Average earning assets
  • $1,870Average equity
  • $15,303Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010331First Financial Bank205 Main Avenue West, Twin Valley, MN 56584January 03, 1944Full Service Brick and Mortar

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